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- MnrComposite replied Jan 13, 2021
So once I put on a trade, I don't really monitor it (or shouldn't haha). Because again, I am ONLY focused on RISK TAKING. Once I take the risk of putting the position on, my work is done and however the die is cast, is how its cast. In terms of ...
(binned per thread starter’s request) 200MA f(x) Trading
- MnrComposite replied Jan 12, 2021
My pleasure! I hope you are able to learn some new ideas and improve your trading!
(binned per thread starter’s request) 200MA f(x) Trading
- MnrComposite replied Jan 12, 2021
Ah yes, I mean long! Sorry about that typo, corrected!
(binned per thread starter’s request) 200MA f(x) Trading
- MnrComposite replied Jan 12, 2021
Technical Reasons: 1. Above 200MA 2. Possible higher low set at 1.3620 area 3. Price has continued from that low by 33 pips or so (in our 20-40 pips range). Other Reasons: 1. Hedge USD Exposure.
(binned per thread starter’s request) 200MA f(x) Trading
- MnrComposite replied Jan 12, 2021
Also added a GBP_USD long to trade both sides of USD. Something important to do if/when you trade multiple pairs is make sure you are as neutral as possible across all the pairs. Ideally, your net position on every currency would be 0, although this ...
(binned per thread starter’s request) 200MA f(x) Trading
- MnrComposite replied Jan 12, 2021
EURUSD looks to be heading for the stop. Very likely to get stopped out. We are setting up to watch a great development for our next entry though. image You can see that we are below the 200 MA and have recently made a nice lower low around ...
(binned per thread starter’s request) 200MA f(x) Trading
- MnrComposite replied Jan 12, 2021
Current Open Trades: image Everything is green minus EUR/USD short. That has been consolidating quite a bit. It's still a great short here with a roughly 40% probability of reaching the TP before the SL. You can do the math on the current RR ...
(binned per thread starter’s request) 200MA f(x) Trading
- (binned per thread starter’s request) 200MA f(x) TradingStarted Jan 12, 2021|Recycle Bin|77 replies
Hello FF! Today I would like to share my 200MA f(x) trading system! new rules coming soon...
- MnrComposite replied Jan 11, 2021
Banked some pips. Shorting this pop to see what happens! image Looking at about a 38% probability of banking. Anything can happen though!
EURUSD only
- MnrComposite replied Jan 10, 2021
I got greedy EOD Friday and entered a short for the weekend. Glad I did though as it's playing out nicely now. image As long as we stay below the 200 MA, I will be trying to short any pops. Just ride the trend and look for good RR.
EURUSD only
- MnrComposite replied Jan 8, 2021
Ouch that was quick! Done for the week! 3 in a row? Clearly it’s time to stop
EURUSD only
- MnrComposite replied Jan 8, 2021
Was going to sit out rest of week, but looks like we could see a quick drop down. Trying short. Will hold over the weekend. image
EURUSD only
- MnrComposite replied Jan 7, 2021
It feels like everyone is starting to flip short. By the time the % flip we will be around 1.2340+.
EURUSD only
- MnrComposite replied Jan 7, 2021
Trying long side again. Looks like a strong bounce off of 200. Right now looking at about a 42% probability of success with a 1:2 RR. image
EURUSD only
- MnrComposite replied Jan 7, 2021
it was looking good but broke down. You can’t with them all!
EURUSD only
- MnrComposite replied Jan 6, 2021
It does look like we are hitting some. Based on my data though, if we encountered this exact scenario 100 times, approximately 82% of the time we will see 1.2380 before 1.2280. Doesn't mean it will happen today/tonight, but it's very likely. Based ...
EURUSD only