Entry
- Long - When previous D1 bull candle's body has clearly crossed SMA and did not touch BB upper band.
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Disliked{quote} NZD/CHF 50 pips profit (1st Position closed) EURAUD 45 pips loss, will close on breakeven. Todays Setup Short AUD/NZDIgnored
Disliked{quote} NZD/CHF still running with green pips EUR/AUD hit SL AUD/NZD got 80+ pips profit, will close first position today Todays Setups Short AUD/CAD Long USD/JPYIgnored
Disliked{quote} NZD/CHF still running with green pips EUR/AUD hit SL AUD/NZD got 80+ pips profit, will close first position today Todays Setups Short AUD/CAD Long USD/JPYIgnored
Disliked{quote} USD/JPY is up against major resistance level. Won't be playing with that one today!Ignored
Disliked{quote} NZD/CHF still running with green pips EUR/AUD hit SL AUD/NZD got 80+ pips profit, will close first position today Todays Setups Short AUD/CAD Long USD/JPYIgnored
Disliked{quote} Can you give SL and TP in order to understand better your strategy?Ignored
Disliked{quote} Bang bang shut dad everybody's going mad all i wana say is EA start to shut piiiiim {image}Ignored
Disliked{quote} Haha I don't mind them!!! But which one are you using? is it related to this strat?Ignored
Disliked{quote} It's all in post #1 of this thread, read it! Normally you can set SL below the previous day's low, but in these choppy end of year markets you can set the SL somewhat lower - according to your position size. With a smaller opening position you can use wider SL - it's up to you. Most important of course is a good initial setup, read the charts! TP is more difficult to set- dependson the strength of the momentum of the pair. I seta modest TP- 20-30 pips - for the first position, and if
reached I set the 2nd position SL to break even, and...Ignored
Disliked{quote} Thanks for your reply. I read the first post but what it is left unclear, in my opinion, is the problem of the profit/loss ratio. Sometimes, when the previous daily candle is very long, you have a SL of many pips, which can affect the profit/loss ratio and bring you to the decision of not opening the trade. Is there a suggested profit/loss ratio?Ignored
Disliked{quote} Take a look for example Babypips.com school, where they explain risk management. It is not a clear and easy question. Experience has shown me I cannot use a fixed risk/reward ratio, but I adjust it in various situations, e.g if you open a buy at a very strong support you can use a bigger r/r ratio. As to the big previous day's candle, use a smaller position to set the S/L lower if you want to take the trade. If the trade goes your way you can rise the S/L and open another trade (if your account can bear it).Ignored
Disliked{quote} NZD/CHF still running with green pips EUR/AUD hit SL AUD/NZD got 80+ pips profit, will close first position today Todays Setups Short AUD/CAD Long USD/JPYIgnored