alert on guys stong demand GJ green pip 500 700 target entry{image}
Are you recommending this for right now, or after the close today?
Also, EUR/JPY seems to be setting up for tonight also.
Monthly Profit - Daily Trading using SMA
- #3,862
- Sep 22, 2016 6:11am Sep 22, 2016 6:11am
I whipped up a dashboard that shows the close price distance in pips from SMA5 over the last 4 days. Nice to look at for a quick glance...handles symbols with suffixes also.
- #3,864
- Sep 22, 2016 6:23am Sep 22, 2016 6:23am
{quote} That's just a demo on tradingview, I put the trade on and the stop later; I looked at it and thought round number 1.32 is above 5 SMA, if it get back there, it's in trouble. With real live account, PROPER position sizing calculation has to be done before entry, unless your account too small and just trading 0.01 anyway, so the stop loss has to be known. So, that is very much an individual thing, write down a trading plan, some back or forward testing will help you gauge whether such a large stop loss is really required on some positions....
- #3,865
- Sep 22, 2016 6:29am Sep 22, 2016 6:29am
- Joined Jan 2015 | Status: Trader | 1,533 Posts
Speaking of strong moves, this shows a 5 to 1 coming up soon{image}
- #3,868
- Sep 22, 2016 6:43am Sep 22, 2016 6:43am
{quote} I agree market lose momentum afer london close due to liquidity but when I tested, NY close gave better result.. thats why I started using GMT+2 for oanda accounts.. I have 5 accounts from diff borokers.
Sometime the horizon disappear. Twitter: @_whiteout
Live Long CAD
{quote} Glad that it works for you, i don't use any sma (and i honestly think they are quite useless), i was just reporting my experience
- #3,871
- Sep 22, 2016 6:50am Sep 22, 2016 6:50am
- Joined Jan 2015 | Status: Trader | 1,533 Posts
Hi mates, Can I shift my SL to Breakeven for EURUSD or WAIT for candle close?! {image} Always confused when see this type of situation!
- #3,873
- Sep 22, 2016 6:56am Sep 22, 2016 6:56am
- Joined Jan 2015 | Status: Trader | 1,533 Posts
{quote} Glad that it works for you, i don't use any sma (and i honestly think they are quite useless), i was just reporting my experience
- #3,877
- Sep 22, 2016 7:01am Sep 22, 2016 7:01am
- | Joined Oct 2014 | Status: Trend Trader! | 339 Posts
{quote} Lets make a habbit of monitoring setups once a day after candle close.. if you want to enjoy stress free trading
But just want to learn for breakeven rule. When we will set breakeven when candle close or reaching after few pips?
Regards.
Umee
I Win, I Lose, It's my Job... And I Love it!
- #3,878
- Sep 22, 2016 7:01am Sep 22, 2016 7:01am
- Joined Jan 2015 | Status: Trader | 1,533 Posts
sorry if the question seemed silly: how do you define the below? the closeing price crossed 5 SMA , candle body or? "'When previous daily candle has clearly crossed SMA line""
