EURUSD - Trends, Forecasts and Implications (Part 1) - page 662

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Man, can we still predict the M1 chart?) I'm generally saying that the move could go as far as 1.53. Clearly there will be pullbacks along the way)))
On the H4 we take the low point and relatively to it build the movement through the corrective wave in the form of a flag (here the middle point of the whole movement) and get the point 1.5220, M1 is more confusing for the trade than useful. I had defined the reach as far back as last week, when the last rush to the lower trend line of the flag support started.
I think I survived, even made a bit of a profit
Most likely ~to 1.53 +/-.
Most likely so.
Yesterday, anticipating strong moves, moved the bot from a hard TR to a trailing one,
The results were pleasing, the drawdown was minimal
sonic's comment:
http://www.arif.ee/invision/index.php?showtopic=4193&view=findpost&p=76255
i like this guy ;)
and if p= 100pts or 200pts then the stops should be 25pts too?
Yesterday the same smart guys settled on 1.5 with a 100 pips stop
at 1.51 they all got blown away
a very bright very illustrative example
that gap was solely due to a massive pullback of stops as market analysis showed no pre-requisites for a gap
and if tr == 100p or 200p then what stops should also be 25p? don't agree
They can be. But stops are a measure of the risk allowed by the TS, i.e. a stop of 100pts on a 100pt profit means there is no stability of profit. And we have to be able to work in any market condition and to work stably. For this you really need to be able to work with short stops.
Euras is about to go down, for the next six months for sure...H1