This is the way it looks on the H1. Note the sl has been moved up so there is no real risk in the trade anymore. I have pips in my pocket and I'm just waiting for the retracement to end to put the next lot on.
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DislikedHi nogames2014, CAD has news coming up in less than an hour. Personally I would have waited to see if the setup still existed through the news as the market can easily jump the 50 pips to your stop temporarily if the news comes in against you. I don't worry much about news releases once I'm established in the stack of trades but I do try to avoid them on the initial trade which is where all of my risk is.Ignored
DislikedMy first trade according to your system...Any Comments? All TFs lining up, and the currency metre agreein at the moment...SL is near previous lower high...(At daily Open)Ignored
Disliked... do u trade forex just to complement your other incomes or its your main income? and if so...whats your day like? how often do you check charts, financial reports or news...just curious...just want to emulate you if you do forex seriously as thats my longterm goal...Ignored
Disliked{quote} Nogames, this is my main income. I dabbled and studied for about 10 years, then traded part-time in stocks, commodities, futures and options for about 20 years, and I've now been in currencies for about 10 years.Ignored
Disliked{quote} ...So central bank interference and the lack of volatility in FX could also be to blame for trend-followers' woes. What has been your experience in finding trends, before and after the crisis? Was it really that bad for trend-following in 2009-2013? Thanks for your thoughts.Ignored