EURAUD is getting out of the fan

[zrrsys]

it could be a fake out
the 20 and 50 EMA did not crossover yet
I would go small at first and each half hour use the martingale system
as long as price is out of the fan
if price goes back to the fan I would use the martingale system at each trendline of the fan reached
if price goes out from the lower side of the fan i would get out

[justshell]

i see it going up as well, nice

[MattyMoney]

Here, here. I’ve got buy and a sell orders placed on this as well:

[zrrsys]

personally i do not believe too much in currency correlation
maybe I should

[zrrsys]

nice set up

[MattyMoney]

It’s a thing, just look at AUD/USD and EUR/USD, they’ve been moving together for a while now. It’s definitely good to review them so you’re not overexposing yourself and tying up your funds.

[zrrsys]

it could be a fake out

I would go small at first and each half hour use the martingale system
as long as price is out of the fan
if price goes back to the fan I would use the martingale system at each trendline of the fan reached
if price goes out from the upper side of the fan i would get out
i would sell with a SL in the upper side of the fan

[biteshpatel]

Now its right time to buy. Long term 1.6298

[MattyMoney]

It picked up my short order:

Could be a fake-out or it could follow the weekly pattern down:

[zrrsys]

thanks God martingale system saved the day

[zrrsys]

it could be a fake out

I would go small at first and each half hour use the martingale system
as long as price is out of the fan (set buying pending orders at each branch of the fan)
if price goes back to the fan I would use the martingale system at each trendline of the fan reached
if price goes out from the lower side of the fan i would get out
i would buy with a SL in the lower side of the fan
never trade inside the fan if it is not for using martingale system to save the first entry that was initiated when price was out of the hun