Make all possible mistakes in demo and rain in pips in live account
Trading Contest All Time Return:
2.3%
Trading profitably using Recent Strength 58 replies
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Stochastic Oscillator settings 5 replies
DislikedAlso am avoiding taking correlated pairs. This is because a strong retracement on the correlated pairs could easily wipe account even when our positions and analyses are correct. For example am already bullish in the following GBP pairs: EURGBP, using lower band rejection strategy, EURNZD, EURUSD and today I have entered EURCAD long. They are all in different platforms.Ignored
DislikedHello 9jatrader, if I understand well, this strategy is to wait until we have the stocastic above 80 and to wait until a resistance is broken, then we enter long, or to wait until we have the stocastico below 20 and to wait until a support is broken, then we enter short, right? I see you use also BB, what is the purpose of them? Which TF do you use? Do you use SL, TP? What is usually your target in term of RR? Can you please post some charts with clear entry, sl, exit? Thanks, subscribed! OkrimIgnored
Disliked{quote} Hello 9jatrader, Thanks for the input. Could you kindly elaborate on the reasoning for your statement if possible with an example. I want to understand why it is so...: "Also am avoiding taking correlated pairs. This is because a strong retracement on the correlated pairs could easily wipe account even when our positions and analyses are correct." ThanksIgnored
Disliked{quote} You could see now that it's time for EURO. It's dominating for now. If you take all in one platform as they form, by the time they start retracement or even reversal, account may not be able to stand it. All your profits would disappear. And secondly you may be emotionally ready to leave all your positions open even when your analyses tell you that it's just a retracement/adjustmentIgnored