My help is in the name of the Lord who made heaven and earth.
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FX trading places in the Middle-east 0 replies
Orders triggered in the middle of nowhere! 1 reply
Crisis in the middle east 2 replies
Disliked{quote} This type will not retrace, you can but your SL at the back of the mid TZ, for better or tight SL (5-10pips). I will show the one that will likely to retrace so that you wait for the pullback before your entry for a better SL. Cheers. {image}Ignored
Disliked{quote} " Lets say the big bear candle is forming, the mid TZ is forming (big enough), then i wait for the next/second next candle, hope it will retrace. If it retrace, and the mid zone will become smaller, then i do a sell .... my SL is some pips above the upper side of forming mid TZ. But as you said, without SL (even with good MM) , this is still dangerous. May be i need another filter ...." Thank you for this great information, added to what you observed, take this: I did some discovery on how to know which one will retrace back or which one...Ignored
DislikedHi can help me see my entry? I having SL, is that i go in wrong entry? {image}Ignored
DislikedHi can help me see my entry? I having SL, is that i go in wrong entry? {image}Ignored
DislikedEU +10 In this trade there was MTZ formed which is now taken off by price action in this trade my TP is 10 pips and SL is 20 pips which is for safety actuly i use mental SL watch price action. After entry price went against my entry but i was expecting price to come round no then if it bounce from it, it will go up so i was watching it it did the same bounced from RN made inside pinbar on next bar it hit the TP. {image}Ignored
DislikedHello Albert, Your method looks good and I think if you change a little bit on your R:R, then you will be more profitable. When you take a trade, you should set your SL at the end of PTZ candle which means as soon as the PTZ is invalidated, you are out. You don't have to wait until price retraces to the end of your H candles. If the price didn't move your way before the last H candle, then also you can come out of the trade. Also, try to trail the stop with 10 pips so that you could earn more pips per trade. I am talking about 1 Hour time frame....Ignored
Disliked{quote} I have been busy the past few days but i notice a few changes. Is that a MA? Did the %B lines not work? Any changes to any rules?Ignored
Disliked{quote}xxxxx I did some discovery on how to know which one will retrace back or which one will go straight to your TP. Look at the candle that pass through the mid TZ, You will be able to use it to determine your entry point and SL point. Cheers.Ignored