{quote} Hi, according to the rules ,this is not a good setup because of the tight range of candles - sideways ..but of course the choice is always yours {image}
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Thanks Ghibli,
What would be a general rule of thumb for sideways.
Cheers
My live account is up 18.5% for the month of September to date. Anticipating the volatility of
the news announcements coming up I have closed all of my open trades at the moment. BK8
this is good stuff.
Yesterday i opened GBP/CAD , EUR/USD , CAD/CHF , AUD/JPY and AUD/USD Today I opened EUR/CHF , EUR/CAD and NZD/USD . That's my first trades and all trades are going well. Good Luck to All And thanks for such a simple and profitable system Bk8 .
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Hi
I think EC is a better bet than ECHF as I can see it is ranging. This pair is famous for ranging. Just my one cents worth.
thanks
{quote} Hiya GoldGirl and others. Am at a bit of a loss here, please see the attached pic. A lot of people are saying they are still in EC, can't figure out how that can be and also where the 1.4882 came from. Could it be timezone? My new candle starts at 10pm (to sync with 5pmEST BK8's timing. Both my EC's stopped out. They almost hit the first TP but didn't quite make it. Hope someone can advise. Much thanks {image}
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1.4882 SL is the price approximately +15 pips above the peak candle on D1 chart prior to the downside move. On the peak candle, the close hasn't cross SMA 5. However, when second candle come, it crossed and closed below SMA 5. Hence, on third day, we place short entry on the point of 3rd candle touched the SMA 5 when it retraced.
It is as that simple. My D1 chart start time is 5.00 am Singapore time. Which is 5pm for BK. It is when the NY market close and prior to the start of Japan session.
Please calculate your capital and don't invest more than 5%. If not, you will get burn with your margin call.
{quote} 1.4882 SL is the price approximately +15 pips above the peak candle on D1 chart prior to the downside move. On the peak candle, the close hasn't cross SMA 5. However, when second candle come, it crossed and closed below SMA 5. Hence, on third day, we place short entry on the point of 3rd candle touched the SMA 5 when it retraced. It is as that simple. My D1 chart start time is 5.00 am Singapore time. Which is 5pm for BK. It is when the NY market close and prior to the start of Japan session.
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I guess EC is a little late but in any case I enter a buy this morning Singapore time
{quote} Hiya GoldGirl and others. Am at a bit of a loss here, please see the attached pic. A lot of people are saying they are still in EC, can't figure out how that can be and also where the 1.4882 came from. Could it be timezone? My new candle starts at 10pm (to sync with 5pmEST BK8's timing. Both my EC's stopped out. They almost hit the first TP but didn't quite make it. Hope someone can advise. Much thanks {image}
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Should you go for 5% investment. Your stoploss can be as far as 200-300 pips away for a leverage of 1:200
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