Kingdom2008
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short eurgbp from 8575 stop 8595
Pocrel have you ever used this method on individual stocks
drawing your own supports and resistance lines and waiting for daily pin bars to cross?
Attached is just a recent example of morrisons
I traded this in the live room this morning, let me know if this answers your question, just not using daily time frame but 30min
View attachment 125268
In regards to your own S/R yes thats what i mean, but regarding individual stocks in the FTSE on the daily time frame there is two reasons i am looking in to this,
1) on the daily timeframe it is easy to trade with your day job but with the 30M indices and forex you need to be at the computer from 7-5 daily...
2) If you haven't got 10k that you are willing to risk you can trade daily stocks with as little at £500/1k as many of the stocks are you only risk 5-20 pips per trade
so just wondering if you had ever looked into this also?
Thanks
In regards to your own S/R yes thats what i mean, but regarding individual stocks in the FTSE on the daily time frame there is two reasons i am looking in to this,
1) on the daily timeframe it is easy to trade with your day job but with the 30M indices and forex you need to be at the computer from 7-5 daily...
2) If you haven't got 10k that you are willing to risk you can trade daily stocks with as little at £500/1k as many of the stocks are you only risk 5-20 pips per trade
so just wondering if you had ever looked into this also?
Thanks
Long audusd now from 1.0002 stop 99.72 target 1 1.0032