{quote} it looks like u r not trade'n the daily TF but some smaller TF ? .....
Lower risk, stress free TDI system
- #2,824
- Jun 14, 2016 2:41am Jun 14, 2016 2:41am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,122 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,826
- Jun 14, 2016 2:47am Jun 14, 2016 2:47am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} I forgot to add, my daily candle starts here in Cape Town at 06:00 Oanda, that might give more insight to the picture
.... plz keep post'n ur trades 
- #2,827
- Jun 14, 2016 2:53am Jun 14, 2016 2:53am
{quote} i cant fully understand wat u r doing - but ur GU trade looks better 2 me than the GA
- #2,829
- Jun 14, 2016 2:57am Jun 14, 2016 2:57am
{quote} Trading GBP pair at the moment could be dangerous. It's solely driven by political issue now and technical may not work as expected......
i dont pay any attention to that, once you see the signal as defined by your method, i take the trade, all that crap used to bother me, but not anymore, obviously on the day of the vote i would not trade them, but the Banks rule and manipulate, thats what support and resistance price action is all about, just my tuppence worth
- #2,831
- Jun 14, 2016 3:56am Jun 14, 2016 3:56am
- Joined Jul 2011 | Status: Gold Again | 10,668 Posts
{quote} i HAD to cut usd/chf, it was getting out of control imo, i hope i am not wrong because i hate to see trades go onto win once i've left them. do you cut trades, or do you let them run to the stop loss
It's only moved 36 pips out of ADR(20) 65, so about half daily range and London open for almost 2 hours now
MAY THE TREND BE WITH YOU
{quote} Out of control?
I think also because it's ADR is so small makes small moves feel out of control to me. It has a 60 pip ADR and people here are trading with a 50 pip SL and TP, you have to be extremely lucky and catch a move basically from top to bottom if you are trading intraday. personally i cut my sl down to 30 pips on this pair, and seeing it move more and more against me after barely going in my favour at all made me just cut my losses. Looks like I would have been stopped out anyway if I hadn't as my SL was 30 pips
usd/chf moving 30 pips against you is like gpb/jpy moving 150
- #2,840
- Jun 14, 2016 4:50am Jun 14, 2016 4:50am
- Joined Jul 2011 | Status: Gold Again | 10,668 Posts
{quote} I think also because it's ADR is so small makes small moves feel out of control to me. It has a 60 pip ADR and people here are trading with a 50 pip SL and TP, you have to be extremely lucky and catch a move basically from top to bottom if you are trading intraday. personally i cut my sl down to 30 pips on this pair, and seeing it move more and more against me after barely going in my favour at all made me just cut my losses. Looks like I would have been stopped out anyway if I hadn't as my SL was 30 pips usd/chf moving 30 pips against...
EURUSD is opposite of USDCHF
Daily = EURUSD crossed over DOWN 2 days ago - be prepared for selling - previous signal was 300 pips
Daily = USDCHF has a weak looking crossover UP
4 Hour = EURUSD crossed over DOWN, broke a level at 1.1238 after London open, and crossed below the Weekly Open as well. See the Price Action retracement there?
4 Hour = USDCHF crossed down but during Asian session, now crossed back UP, above the Weekly Open too.
That was the signal there = 1.1238
Moral: watch both pairs, take the best setup, wait for London to show you the money
Look out below 1.12
MAY THE TREND BE WITH YOU