Disliked{quote} I believe that the pair was in a downtrend at the time...therefore not a promising setupIgnored
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DislikedI hope you don't mind Driven18 if I share what I see. In my humble opinion the trade was by the rules, you just have to accept that losses happen. Let's see, it was with the overall upside strong trend, the resistance was respected to a pip and there is a pressure of buyers building (higher lows forming). There is a resistance @ 1.6797 but we still would have taken the trade and moved our SL to BE once this area was reached. What you think Driven?Ignored
Disliked{quote} Rifid, let me comment on my own chart...my trade was a risky trade, because of resistance....see white line If you agree with me, does it mean your preference to trade "new" highs/lows and not consolidations on the dip? {image}Ignored
DislikedGoodmorning everyone, lets hope for a nice trending day and get some good trades in. For you traders out there who lack the patience to wait for 20 pip setups and want the quicker thrill of the scalp, I will bring out the scalpers version of this system later today. Any one interested in that?Ignored
DislikedMorning/Evening Rifid, Maybe not the prettiest P2P, but how do you feel about this one? In my backtesting, U/J didn't fare as well for the 20 pip targets, but it usually always met the height of the triangle formation. This one might be good for 10 if it broke. Not to take away from your 1 to 4 though, I think that is really what makes the system successful, so feel free to send me back to the back of the class I'm interested in your scalping method. Tonight is one of the nights I can't trade Aussie, so I'm always looking for something to fill...Ignored
Disliked{quote}Morning Driven, you are right i would have waited for the set up to form at the top so the trade starts in 'clean air', as it turned out there was no set up and price did not go to far before retracing.Ignored
Disliked{quote} Rifid, thank you for comment, so just to confirm, the best set up come from stalling/resisting at the highest highs and lowest lows? I am trying to be selective...Ignored