Let Market Tell You
- #1,481
- May 23, 2017 4:44am May 23, 2017 4:44am
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
- #1,482
- May 23, 2017 5:11am May 23, 2017 5:11am
Hi Monokl,
This strategy looks interesting, I would like to try it. Thank you.
Could you answer a few questions for me please?
Are the only indicators I need to set up:
20 Custom Moving Average
50 Custom Moving Average
100 Custom Moving Average
Is there anything else I need to put on the chart? Such as, have those Support and Resistance lines been put on by yourself before posting images here?
Looks great though. I'll give it go in demo.
This strategy looks interesting, I would like to try it. Thank you.
Could you answer a few questions for me please?
Are the only indicators I need to set up:
20 Custom Moving Average
50 Custom Moving Average
100 Custom Moving Average
Is there anything else I need to put on the chart? Such as, have those Support and Resistance lines been put on by yourself before posting images here?
Looks great though. I'll give it go in demo.
- #1,483
- May 23, 2017 5:21am May 23, 2017 5:21am
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
USDJPY
This one of pair which still survive
This one of pair which still survive
Let Market Tell You
- #1,484
- May 23, 2017 5:24am May 23, 2017 5:24am
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
Hi Monokl, This strategy looks interesting, I would like to try it. Thank you.
it is 20,50,100 Ema.
that is my only indicator...
I keep it simple and nice to see
Let Market Tell You
- #1,485
- May 23, 2017 5:31am May 23, 2017 5:31am
{quote} Hi plymgary, it is 20,50,100 Ema. that is my only indicator... I keep it simple and nice to see
I've opened a sell on USD/CHF and a buy on EUR/USD using 1HR charts. I've set a s/l at 15 pips, and a t/p at 15 pips. I'll see what happens.
- #1,486
- May 23, 2017 5:41am May 23, 2017 5:41am
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
{quote} Thanks very much. I'll give it a try now. I've opened a sell on USD/CHF and a buy on EUR/USD using 1HR charts. I've set a s/l at 15 pips, and a t/p at 15 pips. I'll see what happens.
glad to hear...
looking to see your sharing chart..
Let Market Tell You
- #1,487
- May 23, 2017 5:57am May 23, 2017 5:57am
{quote} Hi plymgary, glad to hear... looking to see your sharing chart..
With the EUR/USD I placed the Buy order because it was close to (what I would consider?) a support level. It was also in an uptrend.
With the USD/CHF I placed the Sell order because it was closer to the support level than the resistance. This is also in a downtrend.
What do you think?
- #1,488
- May 23, 2017 6:06am May 23, 2017 6:06am
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
{quote} Sure, here's what I did. Let me know if there's any errors in my logic! With the EUR/USD I placed the Buy order because it was close to (what I would consider?) a support level. It was also in an uptrend. {image} With the USD/CHF I placed the Sell order because it was closer to the support level than the resistance. This is also in a downtrend. {image} What do you think?
Great to see your also in EU.
I also trade this pair. In that case, it will be lovely if you could aim higher your target profit.
it is because since you are already risk your position in the market, why not aim higher or more high...
for UChf, it is looks like in consolidation mode. To me, I also don't know what to do
better avoid at this moment
Let Market Tell You
- #1,489
- May 23, 2017 6:10am May 23, 2017 6:10am
{quote} Hi plymgary, Great to see your also in EU. I also trade this pair. In that case, it will be lovely if you could aim higher your target profit. it is because since you are already risk your position in the market, why not aim higher or more high...
Ah, I didn't notice that about UChf. Well, I'll hope for the best!
Thanks for sharing your strategy btw. Are you actually in London? I think a lot of the people I've seen in here so far are from the USA?
- #1,490
- May 23, 2017 6:16am May 23, 2017 6:16am
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
{quote} Ah, I didn't notice that about UChf. Well, I'll hope for the best!
No problem. just sharing my 2cents advice ...
Now it is night time in here. Malaysia
You are from London?
Let Market Tell You
- #1,491
- May 23, 2017 6:19am May 23, 2017 6:19am
{quote} Hi plymgary, No problem. just sharing my 2cents advice ...
My dad is from Malaysia. He left sometime in the 1960's so I imagine it's unrecognisable compared to then! I'm in Plymouth - I think it's about 200 miles away from London.
- #1,492
- May 23, 2017 6:24am May 23, 2017 6:24am
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
{quote} Well, thanks for it. My dad is from Malaysia. He left sometime in the 1960's so I imagine it's unrecognisable compared to then! I'm in Plymouth - I think it's about 200 miles away from London.
Mostly business trip...
so sad...
Let Market Tell You
- #1,494
- May 23, 2017 6:27am May 23, 2017 6:27am
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
{quote} Ah, when you've made your millions on Forex the world is your oyster!
Let Market Tell You
- #1,495
- May 23, 2017 6:36am May 23, 2017 6:36am
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
{quote} EURUSD looks like very good for starting this week go go ! {image}
Can the price make another high?
Let Market Tell You
- #1,497
- May 23, 2017 6:42am May 23, 2017 6:42am
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
Let Market Tell You
- #1,499
- May 23, 2017 7:44am May 23, 2017 7:44am
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
In again for EU. Met support and still in an uptrend. {image}
I also re-entry
Let Market Tell You
- #1,500
- May 23, 2017 8:17am May 23, 2017 8:17am
{quote} Great entry.. I also re-entry
My strategy for this (so far) is to set a s/l and t/p of 15 pips. When it reaches a 10 pip profit, I then set it to b/e. I don't really want to aim higher than 1:1 and as long as most of them make a profit then the losses that happen will be fine.