Dislikedharnessing the strength of bullish news USA
m5 35/50 price action
enter buy
++16Ignored
But EU maybe a better pair to trade atm...
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Dislikedharnessing the strength of bullish news USA
m5 35/50 price action
enter buy
++16Ignored
DislikedReason for exit:
1.Daily S1 reached
2.Trendline at the bottom
3. Really got enough for the day.Ignored
DislikedMissed the big move this morning, but grabbed good Choros pips afterwards at touch of M15.10 and then M15.35/50.
I was stopped out BE at my first M15/35/50 entry, then decided to try again when price approach WP.
This is the last one for today and probably the best of all that I took.
Entry:1.29575
Exit:1.26355
Reason for entry:
1.M15.35/50+D1.10+WP confluence
2.Support turned resistance zone
3.M5 PA(small spin top)
4.H1 diagonal trendline
Reason for exit:
1.Daily S1 reached
2.Trendline at the bottom
3. Really got...Ignored
DislikedGot to love your 3rd reason for exit. I will put this in the CHOROS rules....Ignored
DislikedHi Kostas1,
1. Was my Trade 1 a bad entry?
2. How would you have determined the TP for Trade 2?
cheers,
kk007Ignored
DislikedI actually learned that from you and Clay, in a very early post between you two:
[color="RoyalBlue"][i]Originally Posted by kostas1
The reason of exit is achieving my daily target of 30 pips (in one trade, done for the day).
Clay:
Kostas1, that is probably the absolute BEST reason to exit a trade I know of. Having a plan and trading it exactly is the BEST way to trade. A GREAT trade is NOT one that gains huge pips, it is the one that you execute flawlessly "by the rules" of your strategy so you can consistently grow your account and...Ignored
Disliked1. No, that was also my entry. But my SL was 20pips higher, can you guess why?
2. Same way as Darkforce. Got enough for the day....Ignored
DislikedHello i tried thid system but not with very much succes because i know i make mistakes.I would like to ask you if you would be so kind to answer if on 15 min price is above 35/50 MA but on the 1H and 4H is bellow the 35/50 MA on what time frame should i bo looking for trend directionIgnored
Dislikedto check the trend see 1hr chart, sometimes 4hr to confirm, sometimes even 1 day, but 1hr is the most important imo to check trend, and yes, MA will look different on each charts
Trade on 15 min chart.
this system is succesful for me and in 130 trades I made 30% profit in bit more than month as a beginner.Ignored
Dislikedbtw it works only on currency. I trade silver a bit and I see that trading choros there has no point :-)Ignored