Countertrend trade, entry after break of trendline & close above SMA10 would have been an easy 10 pips.
LuXing
LuXing
Wisdom begins in wonder
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Disliked{quote} Ascending trendlines are not traded long with this strategy. Trendline has to be flat or falling in order to trade longs , otherwise you would need risk adjusted method that is different.Ignored
Disliked{quote} Duly noted. How about this long entry ? Long on candle close of descending green trendline. LuXing {image}Ignored
Disliked{quote} Thanks. Think about video It would be cool to see you in live actionIgnored
DislikedBe curious to see if you would have drawn the same ones... LuXing {image}Ignored
DislikedI will post trades ahead of next weeks news, if there are any events planned.Ignored
DislikedWould you consider these legitimate trendlines? {image} {image} {image}Ignored
Disliked{quote} Ye those are ok, but wait for larger retrace before drawing trendline. You have them drawn before the price actually formed the low (last picture). Price should be a bit higher to confirm it as low.Ignored