Afternoon, and big thank you for anyone who voted for me for "Best Journal"
cheers for that
BE a slow start for me this year but here is the first trade
long eurgbp at 8249 stop 8238
chart
View attachment 127308
target 1 is 8259
pocrel
Thanks for this thread. It looks like the sort of strategy that appeals to me,simple but profitable. I have read 31 pages to date and intend to start demoing after I have read more. Where can I get the indicator shown in all your charts in Indicator Window 1
Wishing you good health and good luck for the new year.
Afternoon, and big thank you for anyone who voted for me for "Best Journal"
cheers for that
BE a slow start for me this year but here is the first trade
long eurgbp at 8249 stop 8238
chart
View attachment 127308
target 1 is 8259
let me try and help you out here. your initial target was 8259. See attached chart. I have drawn in your target with orange line. Now once that pin broke it was very likely that price would go to the lows of the bar, 4 bars earlier (marked in blue) and it would have been wise to take action when price reached there. By action I mean take full profit/partial profit/do something. on the positive side at least you got our for b/e and didn't let price go all the way back down the pin that would have been criminal.
Not sure what your helping me with Dutch but thanks for your input
Not sure what your helping me with Dutch but thanks for your input
Trading into overhead resistance - the Orange line - a typical problem area hence Dutch's advice to be cautious/get out.:smart:
blue area was first trouble area and a place where price was likely to stall before pushing through or pulling back. orange line was pocrels original target.
There is resistance up there but I feel my target was conservative enough that price could get back up there, I think Dutch's resistance area is a bit low
Price is making higher high's and now higher low's also we have support around the .8238 level
Anyway trade has been scratched so not a big deal
No other trades on the cards so will call it a day and head to the gym
Not sure what your helping me with Dutch but thanks for your input
Not a very good response imo. Someone si trying to give you a reason why one of your trades failed. If you're not interested in why your trades fail and how to avoid them, then you've got no chance. All imo of course.
Not a very good response imo. Someone si trying to give you a reason why one of your trades failed. If you're not interested in why your trades fail and how to avoid them, then you've got no chance. All imo of course.