AUDUSD What do you think about this? Is it too late? {image}
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I think there is still potential for this but generally, I will not open position at this time on daily chart, I prefer to shift to 4H to see a better entry. You do not need to open when you think it is a little late, because you can see lots of perfect signals everyday. Why do you want to risk your money?
{quote} I think there is still potential for this but generally, I will not open position at this time on daily chart, I prefer to shift to 4H to see a better entry. You do not need to open when you think it is a little late, because you can see lots of perfect signals everyday. Why do you want to risk your money?
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You are right my friend, that was how I busted my 1st account.
I was too eager to trade and tried to chase pips, by the time I got in, it was too late and trade is moving the other way.
I do not put a Stop Loss then. I learned from experienced NEVER ever trade without a proper SL in place.
Have a great day trading.
If you do not risk it, you cant make it, you cant risk nothing for somethin
{quote} You are right my friend, that was how I busted my 1st account. I was too eager to trade and tried to chase pips, by the time I got in, it was too late and trade is moving the other way. I do not put a Stop Loss then. I learned from experienced NEVER ever trade without a proper SL in place. Have a great day trading.
Hi mehdi343 Do you only enter a trade at the start of a new candle, or will you enter at any time during the candle, Thanks for sharing your system. Regards
{quote} Thanks Mehdi, Do you always wait for London Open to trade? or do you also do it on Tokyo Open? Have you tried the system on H1 or M30 TF? If yes, at what line should the stoch cross in H1 and M30? Thanks for sharing. My open trade, EURJPY {image}
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I hope you have set a good SL for EJ. My position hits SL but fortunately with +5 pips.
{quote} I hope you have set a good SL for EJ. My position hits SL but fortunately with +5 pips.
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Hi mehdi, nice thread, I think it would be easy to make an ea with your strategy, it seems very mechanical, I like it!Some question...1) Do you watch for support or resistance when you enter a trade?If for example your have a signal to go long, but you are just below a distance what you do? You take the signal without care of the resistance or what?2) do you always put stop loss below / above the actual candle when you enter the market? How do you decide where to put tp? Do you move your sl as far as your trade is going in profit? If yes, you move your sl below / above each new candle or how do you do it?3) the color of the candle are relevant for enter / exit a trade?I ask these question because you have a great profit and I am sure everyone of us is very interested to trade it properly, thanks!
My observation on yesterday. EURAUD. H4 chart. when it was London session and quite a good volatility in this pair, TDI cross over which looked clear cross over as back as 15 bars was also shifting to Parallel and not clear.
Does that mean, TDI, calculates back and changes? If so, in past analysis it always looks good but in real time it can be a problem if it has shown clear cross over and after few bars it became parallel.
Hi Mehdi Great Thread. Nice efforts put in by you. My observation on yesterday. EURAUD. H4 chart. when it was London session and quite a good volatility in this pair, TDI cross over which looked clear cross over as back as 15 bars was also shifting to Parallel and not clear. Does that mean, TDI, calculates back and changes? If so, in past analysis it always looks good but in real time it can be a problem if it has shown clear cross over and after few bars it became parallel. Please suggest.
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I am pretty sure that once the candle close you have the crossover and never change, it remain there, but to be sure that you have the crossover you need to wait for the close of the candle. Go to 1 minute tf that is very fast and look at it zooming at maximum the chart!
{quote} I am pretty sure that once the candle close you have the crossover and never change, it remain there, but to be sure that you have the crossover you need to wait for the close of the candle. Go to 1 minute tf that is very fast and look at it zooming at maximum the chart!
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I am talking about H4 chart.
On H4 I observed clear cross over once candle closed. It was down cross over. Now after 15 bars of H4 candles, when EURAUD bounced off and price started moving upward, last cross over became some what parallel. During volatility you can see lines moving updown as back as 15 bars. Try to observe today and let me know.
{quote} I am talking about H4 chart. On H4 I observed clear cross over once candle closed. It was down cross over. Now after 15 bars of H4 candles, when EURAUD bounced off and price started moving upward, last cross over became some what parallel. During volatility you can see lines moving updown as back as 15 bars. Try to observe today and let me know.
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Really? That is weird indeed, i did not notice that, i will pay attention to it, thanks!
