DislikedAny one entered the A/U 1H.... Trigger ?Ignored
I was in at the close above 72EMA & 12EMA . enter at 1.0477 and exit 1.0492.
Nice system. Thanks FxPro
Making Money is Extremely Simple 38 replies
bo7a method... method for GBP/JPY 205 replies
Simple trading method 49 replies
BE = breakeven, it means to move the stop loss to the entry point if the price goes in your favor.
In this way you protect yourself against losses if price returns and goes against you.
It means no loss, no gain.
hope it helps.Ignored
DislikedIt's been stated quite a few times already on this thread...
BE means 'Break Even'. After a trade moves in your favour, you may want to move your SL (Stop Loss) to the price at which you entered, thus eliminating any risk for the rest of the trade (assuming you don't then move it again, in the wrong direction - Never increase your SL without good reason to do so i.e. imminent major news release).
Now, you don't want to make the mistake of moving your SL too early, because that will increase your chances of being stopped out due to inherent market...Ignored
DislikedI think I've been looking at too many pairs to tell you the truth. Different pairs really do behave differently and tend to have their own optimal entry paterns. I'm only looking at the Aussie from now on, until I've mastered it! The outside bar really does seem like a good EMA bounce entry and S/R bounce re-entry pattern for this pair.Ignored
DislikedDo you have a reliable entry pattern you look out for over any others FX-Pro?Ignored
DislikedYes I do... Apart from the OB i have couple of other reliable patterns.... but which will go against this method.... & i don't want to do that...
some time I even think I should have started a thread under trading discussion instead of system, would have been much easier for me to post all my entry triggers...Ignored
Though I have a long bias on A/U This week, I Doubt this trigger.... hmmmIgnored