Disliked{quote} Bsan89, Thanks that is much better....Well as you know, we must also look at a higher t/f's for the trend and possible PVSRA set ups and then drop down to M1. Without the benefit of seeing what the higher t/f's were at the time of your entry, again it is difficult to analyze the entire trade. Based on what I can see, IMO with limited chart information, I would just say a earlier entry as marked could of helped. Just a heads up; There is another EA that we use OrderOnChart_v2.6 that will disappear when you take your snapshots not displaying...Ignored
I.e. M15 trend is down & 200 EMA above trend, M5 trend is down & 200 EMA is above trend. Then I will drop down to M1 and looking for an opportunity to short the pair.
As advised by Cigarguy in one of his answers to me I keep the number of pairs limited to EU,EJ,GU and UJ because these are low spread pairs which translates into high liquidity pairs. Only if AUD and NZD are positioned high (or low on the CSM) I will add them to my arsenal for the day.
What I am really need to work on is to concentrate on one pair at a time because if I donīt do this I will end up flipping through charts and making bad decisions because I am too distracted and overlook something. Thatīs pretty human because we canīt process so much information at once.
Saiffx mentioned that there are so many opportunities during each session and this is also true. Keep thinking how many successful trades you will need each day. Imho 3 trades are more than enough to keep you going.
