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I apologise for the confusion. SL settings is very discretionary (requires some deoth understanding of trendines, fundamentals perhaps and also price action like reversal patterns). We will discuss it surely. Any questions just post away, i will do my best (as usual) to answer…
Thank you Sufian for taking your time to present this documentation and relevant examples. The explanations look pretty straight forward…now to follow the rules and test
Looks like GBP/JPY and EUR/GBP were good trades to enter based on the rules. Would you agree? The Macfibo day chart for EUR/GBP also signalled upward movement since a few days ago.
Price currently a bit too far from Support for my liking. Price is testing the daily pivot. Finding an alternative support for a good breakout (part of advanced Gap-Pivot, maybe in the future) is in order. Could there be a potential channel created from Sydney session price action? We shall see…
This pair is not the one I am focusing today for the sake of simpleness for other newbies. The setup is not nice though. A resistance breakout and testing the 320SMA willd definitely invalidate such trade…
It made it move tested the daily pivot (a pretty reversal pattern occured when that happen). Setup B is still good for today… I am monitoring how the price will react to that rising flag trendline support though. We can keep it simple and trade on Support breakout (if that happens). GBPAUD was a beast on Wednesday… made a correction of Thursday, made another waterfall move on Friday (though no valid setup for both A and B)… perhaps this pair will make some uneventful consolidation price action moves today… but who knows… no guessing game in Forex.