Thanks for replying I went away from the computer sorry. Can you tell me what exactly changes colors. Well I'm looking at my chart at 7:30pm, personally since it's not between 2am -9am I would have not took the trade. But if I did I would had entered @232.67 (I use Vtrader) and set a stop loss at 60 pips and I would be at +25 pip right now and could lock in at 7 pips according to Spudfyre's Way (Since you use that) or you can stay in, personally around this time I would take the pips and close the trade. This currency pair is very different from others it can move fast so you have to be very careful. Now I need to understand what turns colors on your chart can you please advise me? What is making you exit the trades? Thank you
One more thang since your using the 5 minute chart before you place the trade take a look at the 15 minute chart and see if it is heading in the same direction if not you might want to really think if you should trade or not. Okay we would now be at +33 pips now. I just edited this post to include additional information.
One more thang since your using the 5 minute chart before you place the trade take a look at the 15 minute chart and see if it is heading in the same direction if not you might want to really think if you should trade or not. Okay we would now be at +33 pips now. I just edited this post to include additional information.
DislikedThanks for your help your awesome. I have been backtesting it but just started trading it demo today. I took my first trade approx 730pm EST. and have been trading entries ever since.....dont know how to post image. My set up is using Meta4, the very same set up as on post 1, I downloaded it everything is working very well, infact i have alerts also send emails! But i'm not sure why the trade will go for about 5 pips then stall/reverse and the blue bar on bottom turns yellow then I get out (red turns yellow on a sell). I am good at using stochs as I had followd spudfrye for sometime.
Thanks,
N8Ignored