hi, I think the pound is a bit stronger now, so I sold it at 1.58, but I have an order at 1.5826 too. it’s a previous resistance in my chart and it may bounce around it I expect. so my SL is a bit tighter. how have you calculated the stop?
good day!
here at EG, I suspect a miraculous long, but price will retrace at least 0.8516 - there’s an important EMA, in 4H, the 100Ema.
just my thoughts
Hit Stop Loss -50 pips
Presently the trade is up by 60 pips and moved SL to BE. Also the trailing stop of 60 pips also is triggered.
BIJOY
Welcome back Bijoy
Hello bijoy , what you think about this statergy… Advanced strategy #10 (Trend Line Trading Strategy) | Forex Strategies & Systems Revealed
Hello bijoy , can you share your email id, bcoz i am having one trendline statergy related to your statergy, i just want to share something about this statergy…
Going t
Going through it
tbh, you need more than this, what is SL? How do you draw a trendline?
I think most traders can’t even draw a proper trendline, even though it seems darn easy but it’s not that intuitive as it seems.
to me that trendline is unconfirmed, because there were only two touches - i wouldn’t even consider it a trendline.
Agree with you. Spotting the points and joining them to a meaningful trend line is not that much easy and some times it is very complicated.
Anyhow, the way I used to spot trend lines and S/R levels is already explained in this thread from post # 129 to post # 135
Hope that helps
I am still bearish on AUDUSD and waiting to short on a pull back of price to the 4 hour falling trend line some where around 1.0350 area.
Missed the rally on USDCAD. Price has already reached Parity without a retrace to the strong support at 0.9850.
Where it will find resistance: At Parity ?. or at 1.0100 ?
Seems GBPUSD is facing some resistance currently. Planning to short on a close below 1.5770.
What you think Guys ?
Closed trade manualy at 08490 for +20 pips expecting a pull back.
Planning to short again at 8550/60
Hello Bijoy,
Good to see you back in action. Good luck mate.
I am actually short on gbpusd from 1.5740. in the money approx 60 pips. bringing the stop in to BE +5 pips for me and let it run
please do advise if moving the stop at this point is advisable?
DD
Thanks for the prompt reply mate. will watch it. cheers
DD
