EURAUD Cycle beginning to shape up nicely, next 15 minutes we should see some green pips our way!
{quote} Yes its starting to take form rather nicely. I'm using EURAUD [M1; 300 -PLS] {image} Don't take too much notice of the END CYCLE line on the chart its simply a guide to let you know that if you can get out of the cycle in profit then consider doing so ... otherwise monitor and manage the ongoing cycle. No changes to settings required at this stage until the lower Q exit level starts to move above the price level of the 1st or lowest priced entry. I may need to modify it later though but at this stage just monitoring. Masterrmind..............
I miss all the fun! Excellent performance once again. I have a couple of cycles that I am hanging on to for a longer period, maybe over the weekend. Great week overall. Enjoy the weekend and I'll see you back here for the next London open.
61.9 open lots? Surely that's suicide? A 50 pip continuation higher would see you in a drawdown of over 30% on one set of trades when you've banked 44% for the total growth since starting. Looks like you'll exit okay but doesn't seem the best sizing.
{quote} EA {image} Q modified to 400. To keep Q exit well below the 1st short entry. Masterrmind............
{quote} No need to be a sarcastic knob. Do you not accept constructive criticism?
{quote} Target of 1.4795... wise or too greedy??
{quote} Should hit that level soon enough provided the bulls remain at bay. Since your level is so close to the 1.48 handle I'd be tempted to use that as your TP but your call. Masterrmind............
{quote} Maybe a better idea yes... that avoids the bull emotional level of a round number-- although that level from previous experience seems to not really be respected. Still think its a good idea however as want to close before weekend. Will you be holding cycle through the weekend or closing out tonight?
{quote} Yes I just closed out some of my top end entries for profit as well as reducing the account exposure. DD under control. I've reduced a lot of the exposure and the cycle is well and truly net positive after taking profit from those big shorts up the top end so the plan is to watch PA over the next few hours and then make a decision based on what I see at that time. Masterrmind..........
{quote} I have begun scaling down also.. Enjoy the weekend and I'll be back (trading partner) on Monday 😊 ps- Congrats on reaching 150,000! I'll be there too soon
{quote} EA - update {image} Q modified to 500 Masterrmind...........
