wow! great video and strategy. Its so simple. Thanks for sharing.
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DislikedHi Ochuko, nice trading plan, just reading through, haven't got to the TP part yet. With regards you daily bias, what is actually going on is a confirmed weekly SR... let me post a chart to explain. here's your 2 charts from earlier of EU and USD/CHF showing daily bias change: {image}{image} and here's the same 2 charts on weekly TF {image}{image}Ignored
Disliked{quote} Hi 60minuteman, i think i can give a reply on the issue of TP. Ochuko is in video posted, specifically informed and reiterated the use of support and resistance as take profit or on the other way round, you could determine your TP by multiplying the number of pips of stop loss by 2, though that would depend on your risk to reward ratio. This is just a temporary response while Ochuko answers by himself. Thank you.Ignored
DislikedSee a good example on EURUSD Price is close to resistance A bearish pin bar has formed We would be placing a trade based on that pin bar. {image}Ignored
Disliked{quote} in this example in the 1 hr before the pin bar that trigger the trade there was a big bearish engulf candle ? why you didn't consider this engulf as the signal and take the pin bar instead ??Ignored
Dislikedentry at trendline is good. But entry at support and resistance is better. For those pairs i use trendlines, that was the closes area where price may experience reversal and so i use it. If s/r is the close, i use it.Ignored
Dislikedhere is a live trade for eurnzd. Though the first trade was lost. But re-entered to cover lose and in profit now. {image}Ignored