nice flat market so far... (yawn)
Right. I do not know where we are heading. It could be a very awful day or it could not. But looking at price action, it does not invite to trade. So, we ought to take care.
Sorry for asking this question ...maybe this question already answered in your hundred threads here...
regarding your system...is it good for daily trading?...ex.entry point using daily chart ? if ok...How many pips should I put my TP and SL ?
Forex Indicators Collection
It is well known that EMA50 works fine on dailies. But you should use a wide stop and you should look at overall trend. Then, you should use fibos.
Signals so far 12:35cet:
EURUSD, level 4 sell (08:00cet) @ 1,2703 with stop loss at 1,2723. It has made a low so far at 1,2679. +25 pips. 1:1
USDCHF, level 1 buy (08:30cet) @ 1,2519. No trade. Stop loss should have been placed at 1,2485. It has made a high so far at 1,2528.
GBPUSD, level 1 sell (08:30cet) @ 1,8968. No trade. Stop loss should have been placed at 1,9011. It has made a low so far at 1,8961. From that level gone up to 1,9026. Had we taken that signal, a big loss, mates. So, as you see, your MM is essential.
EOD recap 20:00cet:
EURUSD, level 4 buy (15:30cet) @ 1,2719 with stop loss at 1,2701. It made a high at 1,2782. + 63 pips. 3:1.
USDCHF, level 4 sell (15:30cet) @ 1,2494 with stop loss at 1,2522. The red bar was forming. A safer trade was when it broke right fractal down (16:00cet) @ 1,2483 with stop loss at 1,2507. It made a low at 1,2413.
+70 pips. 3:1.
GBPUSD, level 1 buy (10:00cet) @ 1,9014 with stop loss at 1,8981 or at 1,8958. The last one is too huge. So no trade. Lets take the first one. - 33 pips.
GBPUSD, level 1 sell (12:00cet) @ 1,8967 with stop loss at 1,9029. No trade.
GBPUSD, right fractal up buy (15:30cet) @ 1,9013 with stop loss at 1,8981. It made a high at 1,9097. + 84 pips.
TOTAL= + 209 pips.
this is my first post on the forum,
I'm realy amazed that you still have losing trades even when all your entry and stops and profit are ALL in hindsight,
with hindsight you should have no losing trades, keep posting those great hinsight trades, not a SINGLE live trade in more than 600 pages
how could we use t.s.r daily range in CatFx50 trade signals
hi mike cole thats an old story already dont expect nina to do that hindsight is always better you know what i mean