DislikedCurrent price of EJ is 138.791... I would scalp buy it. STOP loss is once a 1m candle closes under the price of 138.685....Take profit 139.40Ignored
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You'll also see on the chart below, that EJ and EU are trading tick for tick with one another. They are not only creating the same pattern on the 1m, but they are also engulfing the same candle. #PowerOfCorrelation
Disliked{quote} if you are confident, go for it...but sometimes, i find that you all are gambling and not trading with minimal risk, what can 1 minute chart show you...Ignored
One tends to feel comfortable with minimal risk, but the reality is being exposed to the market can lead to your account margin calling. So as a 1m trader, my goal is to wager on a set of formations, and take a set amount of pips. The entry I gave on 1m based on the formation which I saw, was a good one, as the have closed it profit, without risking many pips to the stop loss side of the trade.
Many people believe that 1m trade is only noise, but with no 1m you can't have a weekly. For those of us who trade extension and reversals 1m is everything you need. Those who trade supply and demand can spend days or weeks in red, only to end up closing in profit, but the time lost is what is most important.
Disliked{quote} if you are confident, go for it...but sometimes, i find that you all are gambling and not trading with minimal risk, what can 1 minute chart show you...Ignored
Here is the very trade, which I recommended.
I closed the trade, as since EJ is following EU tick for tick, one should respect the possible whip lash which high impact news can bring in the up coming 26 mins.
Men lie, women lie, the numbers don't.