Eurusd/gbpusd - page 441
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If the price moves down into the shaded area I'll go long with a stop on the outer edge of the ellipse.
If then price moves up to the shaded area then i'll go short with a stop-loss on the outer edge of the ellipse.
Reversal/profit target is the opposing ellipse.is the price move to the shaded area??
If the price moves down into the shaded area I'll go long with a stop on the outer edge of the ellipse.
If then price moves up to the shaded area then i'll go short with a stop-loss on the outer edge of the ellipse.
Reversal/profit target is the opposing ellipse.when will you go short ??
m8!good morning !! i dont said i trade only what happend according to the week no.
No worries m8 but if this type of price action occurred after touching your weekly levels even 10% of the time then it would be worth mentioning (otherwise you are reporting a random event) but the reality of the situation is - while your levels indicate a spot (it does this very well) where the price may cross through a number of times - it rarely - perhaps 5% of the time actually gets the weekly low or weekly high correct +/-50pips. So this begs the question, why do you actually call it a 'PH/PL'?
is the price move to the shaded area??
down ?? i think no
No worries m8 but if this type of price action occurred after touching your weekly levels even 10% of the time then it would be worth mentioning (otherwise you are reporting a random event) but the reality of the situation is - while your levels indicate a spot (it does this very well) where the price may cross through a number of times - it rarely - perhaps 5% of the time actually gets the weekly low or weekly high correct +/-50pips. So this begs the question, why do you actually call it a 'PH/PL'?
sorry i dont get you . to what im calling pl/ph??
sorry i dont get you . to what im calling pl/ph??
Forget it. It's not important.
down ?? i think no
I honestly don't think anything: see:
If price moves down to shaded area then
go long - stop loss below shaded area.
elseif price moves upto shaded area then
go short - stop-loss above shaded area.
end if
Forget it. It's not important.
m8 realy i need your explanation?? i dont understend ,maybe you make it clear to me thx
I honestly don't think anything: see:
If price moves down to shaded area then
go long - stop loss below shaded area.
elseif price moves upto shaded area then
go short - stop-loss above shaded area.
end ifat what price are you going long?/
at what price are you going long?/
Look at the chart above.