Your SL should be 70pips less than your entry price. So, that gives you SL 1.3110. No need really to look at the 4hr. I would just look at a Daily if i were you.
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DislikedYour SL should be 70pips less than your entry price. So, that gives you SL 1.3110. No need really to look at the 4hr. I would just look at a Daily if i were you. Enjoy FREE moneyIgnored
DislikedYour SL should be 70pips less than your entry price. So, that gives you SL 1.3110. No need really to look at the 4hr. I would just look at a Daily if i were you. Enjoy FREE moneyIgnored
Disliked{quote} Hello masterm, I am just wondering, is anything peculiar about 70 pip sl. and 30 pips tp.?Ignored
Disliked{quote} ok, you said : EP 1.3810 TP 1.3210 (+30pips) SL 1.3110 (-70pips) No need to look at H4 TDI But look at Daily? What exactly do I look for in Daily?Ignored
Disliked{quote} 30pips maybe to close. Most often you get spikes in Fx and that may kick you out of the trade sooner. 70pips is a more realistic SL. Some traders go to as high as 100pips SL. Depending on your experience. At the end of the day you make up your mind about how much can you afford to lose if things went against you. Good luck all.Ignored
Disliked{quote} There are no signs that you should consider taking a SELL trades. Look at the screenshot below: {image}Ignored
Disliked{quote} ok, so you use TDI cross on Daily to decide buy or sell for this trade. the last D1 TDI cross up was 9 days ago on your chart.Ignored
DislikedTraders, Do some work before entering any kind of trade. There's a lot to be learned from the screenshot below. Notice that when the price is above or starts to go above the 50 EMA, that's when you should consider bullish trades. And when the price start going below or is below the 50 EMA you may consider taking Bearish trades. Pay attention to the Vertical line as the TDi confirms what direction to take as the Green crosses the Red. So, look at the Daily, 4hr and use the 1hr to determine your entry position. Cheers for now. {image}Ignored