thanks bud, must have a chat soon hope all is well with you
That was a nifty win on the Dax, mate. I did not like that pin too much so did not make anything.
A dull morning for me, so far.
That was a nifty win on the Dax, mate. I did not like that pin too much so did not make anything.
A dull morning for me, so far.
pocrel
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here is an entry trade here on the eur/gbp which i wont take
chart
reasons for not taking
1/ R and R barely 1 TO 1 so no room to manouver
2 we are nearly at the extreme of the ATR
3/ overbought/oversold indicator looking terrible (this is just a guide you dont need to use this)
all these things help you to build a case for entry or in this case not to enter
and again i could be wrong on all this this is trading for you :cheesy:
chart
reasons for not taking
1/ R and R barely 1 TO 1 so no room to manouver
2 we are nearly at the extreme of the ATR
3/ overbought/oversold indicator looking terrible (this is just a guide you dont need to use this)
all these things help you to build a case for entry or in this case not to enter
and again i could be wrong on all this this is trading for you :cheesy:
pocrel
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That was a nifty win on the Dax, mate. I did not like that pin too much so did not make anything.
Sometimes its the little bars that will pay off Splitlink, you can take alot of small losses on these bars and it only takes one to explode like the dax trade and you will be in major profit so keep a close eye on these bars especially on the index trades:smart:
pocrel
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pocrel
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for me mags the close of that bar is far to positive, ideally you would want it to be much closer to the open (check a bar chart to)
pocrel
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Great pin but Risk/Reward to R1 is terrible for a start so no trade on that pin, also my pin is not touching the R2 so i would not have seen it with my chart, i would always double check that IG chart i think you are using, always good to have 2 references smart live or fxcm offer free indexes too
advfntrader
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porcel for FX what is the pivot indicator you use ?
I use City Index. The risk/reward ratio has improved somewhat. I may have a dabble.
pocrel
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View attachment AutoPivotIndicator_ver5.zipView attachment AutoPivotIndicator.mq4
i hope that works as i have not posted indicators before, if they dont work pm me your email and i will send it that way
i hope that works as i have not posted indicators before, if they dont work pm me your email and i will send it that way
andrusdavis
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Forgive this reply from the wrong person. But looks like the FOREX Market Reversal Levels from FF.
Phiksalamuk
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I'm short GBPUSD. Entry at 16047.
Phiksalamuk
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Out at -8pips. Just seen that previous range may act as support....
At least you stuck to your stop and got out. I might have a go at this one as the stop is very near giving a good risk/reward.
Attachments
Phiksalamuk
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In reality, it didn't hit my stop, it's just that I got nervous with PA. Too bad, because now I would now be in a free trade...
. I really need to stick with the plan once executed!By the way, I'm short AUD. I don't know if you would have taken this trade, pocrel. Price didn't cross R1, although was 1 pip close to it. I entered, because monthly R1 was just below (1.0310) and the pin bar closed belor it. Let's see...
pocrel
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In reality, it didn't hit my stop, it's just that I got nervous with PA. Too bad, because now I would now be in a free trade...
By the way, I'm short AUD. I don't know if you would have taken this trade, pocrel. Price didn't cross R1, although was 1 pip close to it. I entered, because monthly R1 was just below (1.0310) and the pin bar closed belor it. Let's see...
looks like a great setup but just a bit to close to news adp non farm at 115pm uk for me but good luck sometimes you will win with news and some you wont
