And allow hedging! 
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M5
Another perfect entry as price bounces off channel bottom and the spread between green and red lines supported staying in the trade until upper channel reached.
**The trade was to go long after price dropped below lower channel line. So again, by placing the pending Buy order just above the Heiken Ashi I get the perfect entry. Had price continued to drop, the order would not get filled and could just be deleted.
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If only! I’d be like Xmas!
Nice one. Are you watching this the entire way up or have TPs set or a trailing stop?
It took me a while to figure out buy stops rather than limit buy orders. Still always want to get all the pips I can, but sometimes being greedy I get caught when price keeps going in the opposite direction!
Yes, I definitely have to watch it all the way up when the channel is angled a little downward and I’m entering a long trade.
Sometimes I can move the SL to be in profit if I need to walk away.
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Hi can you please give the list of the indicators using here ? please ?
Hi can you please give the list of the indicators using here ? please ?
Hello, i hope you’re doing well, you’re not using the same strategy of 2022 ? i mean the white EMA crossing over the green EMAs. if not, what strategy are you using now please ?
Hi Joe
I do a few strategies myself.
A main one is using pending orders when price goes outside a regression channel.
Like this:
One of my templates:
Support and Resistance - HP.tpl (28.4 KB)
Its a lot of fun using the pending order system because if price keeps moving away from me, it doesn’t trigger the order and the trade is invalidated.
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Support and Resistance.tpl (26.3 KB)
I think this topic should be like a requirement for trading graduation. Ha. Start to finish, test all the strategies and changes to them. You freaking learn so much just following a system with clear rules, and then when you get comfortable trading it, you add or remove something, rinse and repeat. And then you finally get to your last template of you want, or not. But along the way, you e been exposed to a bunch of different indicators, systems, and most important, the market itself. Hopefully with some winning trades!
Nice to see you posting again!
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I went ahead and setup the original strategy on my phone and it still looks great. I do still have the MACD on it too.
Anybody catch some pips on the dollar recovery this evening? Got lucky I was checking my phone when I got a TV alert. Caught a 50 pip move on EURUSD!
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i’m still riding it!
Awesome! I got lucky I was on my phone watching an open trade and boom, EURUSD started dropping out of a range I was watching. Bam! Got the 50 and then another 22!
@AmericanTrader How’s trading been in the last week or two? I’m sitting in some dollar long losers right now. Clawed back some of those losses yesterday. You?
I am down on 4 trades that have been open for quite a while.
Strange times. Even trying to hedge and having pairs that generally go in the opposite directions are going the same way.
I assume its all the uncertainty in the market. Hurts my mojo.
My open trades should be ok, but here I am again, waiting waiting waiting for them to get into profit.
I FINALLY got some back on my EURUSD shorts. I have… a couple open positions that need some love for sure.
I hope this love that the dollar is getting lasts. I made some pips back on USDCHF and USDJPY. I think USDCHF has some room to rebound.
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Good work, samewise.
Everything is going in the right direction for the moment. Which is why I’m nervous on my remaining E/U longs. Given the big distance E/U is above the 200 ema on H4, I think I should be considering shorting it soon too.
Well news comes hard and fast. Nothing is safe!