I know that analyse past events are very easy because your mind is not under pressure. Here are a couple of things we can take in mind in this trade.
Pls take a look at the 15 TF chart I attached, there are 4 red vertical lines, the 1st one is the london open line on Nov 23rd, the second one is when all parameters are in line, but pls see that the signal was given below the support line.
The 3rd red line is todays london open line, the 4th one is when you entered the trade just above the support with room for just 5 pips.
The support lines are a relative, I didn’t had the bottom support line, there was just one bottom point when I have entered and you need at least 2 points.
Anyway is a news release loss, I guess, but is OK and natural in Forex.
This is the strategy I’m using with good results so far. I called it 30 pips because 30 pips is the goal of each trade.
About me there is nothing to say, I’m not an expert, I know about forex like 1 year ago, and I’m still a newbie.
About the strategy
I use one indicator written by Jason Robinson called Double CCI-With SMA that is well explained by Janqie in Forex Factory page 4 in his strategy “Madscalper”. Also I use 2 MACD’s, 1 Stoch, 2 EMA and Fractals. I trade the majors when London opens in the 15 min TF.
Attached is a screenshoot of how it looks.
Hope you enjoy it and sorry if my english is not very good but spanish is my first language.[/QUOTE]
Do you ever use the Pivit points and RSI ?
Is it possible to get a clear picture of you sceen.
Sell eurusd @1.3337 SL 1.354 TP 1.3303 at 10:18 am GMT+02:00
The 2 MA’s are 6 exponential moving average and 23 exponential moving average, and MACD are 12,26,9 and 30,60,30. If you donwload the zip file you can explore the indicators.
The strategy is still working and always will. All indications are in the first post, pls download the files and get a try. Is the only way you can gain experience.
