nice signature
" Support/Resistance is your friend .. and TREND your girlfriend .. "
- #41,142
- Nov 19, 2012 1:47am Nov 19, 2012 1:47am
- | Joined Oct 2007 | Status: FxProLive.com | 616 Posts
worldfreedom, i see volume increase in EJ, i think price can move higher.
Another interest thing is today's price open above Daily Pivot.
Anyway i do not enter trade, hope best luck to you and hope you're right
- #41,149
- Nov 19, 2012 3:05am Nov 19, 2012 3:05am
Well... it's called magicstick, and it does a lot more than just serve as a stealth sl EA. But... I bought over two years ago looking for the holy grail which I now know doesn't exist... I still haven't made enough returns to recoup the amount I spent on it. But now that I have it, I use it.you can look it up on FPA reviews Haru Myagi (Haru is the guy who taught me the foundations for forex).
Today's trade: Long AU
EP 1.0373
SL 1.0351
TP 1.0397 (RR 1:1) - tentative
This trade coincides w/ H1 bullish engulfing trade.
Possibly a CT if current wave is a pullback
HH HL
All M15 indies support long
- #41,151
- Nov 19, 2012 3:18am Nov 19, 2012 3:18am
I saw you said you chose a RR 1:1 and that's make me happy. From you chart I cannot see. I'd like to suggest the following I use to screen trades.
I select the trades I take. For example, if you're long, I use to look at at the more recent high as TP and viceversa. If the entry is not in 1:1 with my SL I don't take the trade. I take only the trades which are more probabilistic and with less loss possible. There are exceptions at LO because there we have big swings and I go with a big load there. Today unfortunately the market (eur) was screwed by some clowns speaking about the current economic situation. Today more than other days the market taught us a SL is the only thing we can decide and save our bottom line. And today if had a mental SL you have been screwed up as well.
I select the trades I take. For example, if you're long, I use to look at at the more recent high as TP and viceversa. If the entry is not in 1:1 with my SL I don't take the trade. I take only the trades which are more probabilistic and with less loss possible. There are exceptions at LO because there we have big swings and I go with a big load there. Today unfortunately the market (eur) was screwed by some clowns speaking about the current economic situation. Today more than other days the market taught us a SL is the only thing we can decide and save our bottom line. And today if had a mental SL you have been screwed up as well.
Thanks for sharing info dafox1!
Today's trade: Long AU
EP 1.0373
SL 1.0351
TP 1.0397 (RR 1:1) - tentative
This trade coincides w/ H1 bullish engulfing trade.
Possibly a CT if current wave is a pullback
HH HL
All M15 indies support long
- #41,153
- Nov 19, 2012 3:38am Nov 19, 2012 3:38am
I saw you said you chose a RR 1:1 and that's make me happy. From you chart I cannot see. I'd like to suggest the following I use to screen trades.
I select the trades I take. For example, if you're long, I use to look at at the more recent high as TP and viceversa. If the entry is not in 1:1 with my SL I don't take the trade. I take only the trades which are more probabilistic and with less loss possible. There are exceptions at LO because there we have big swings and I go with a big load there. Today unfortunately the market (eur) was screwed...
- #41,155
- Nov 19, 2012 3:54am Nov 19, 2012 3:54am
When you'll start to manage an half/full contract and watching your money vanish you'll understand . I'm sure 100%.
Thanks for the tip umbro. I got burnt big time & many times from using mental SL, because not being disciplined. It's just too hard for me.
