Hi farang, no problem. Thank you for taking time in replying. I hope I can be of some aid directing aspiring traders about the right thought process.Originally Posted by ;
Hi farang, no problem. Thank you for taking time in replying. I hope I can be of some aid directing aspiring traders about the right thought process.Originally Posted by ;
Hi Seeley, Honestly speaking, I hope in your thread. I am new to FX trading and I just started to study how trade FX. Based on your explanation earlier, you're saying... If it is 4 pips or more away sit on your hands until it is 1 pip or touching. If you don't receive the transaction you wait. You can't trade all of them. Let price come to you.... I do not know what you meaned from that. Can you pls give example chart and detail. Many Thx.
Thanks for your query and answer. I will post a chart as soon as I can.Originally Posted by ;
What I mean is, you can't exchange every setup each time and there might be cases where you're possibly over exposing your risk by trading related currency pairs.
You wait for price to come to your entry at the first touch of the 21 ma as it is the principle for entry on this specific methodology.
I hope that helps?
Please ask anything else if you're unsure.
I enjoy your egy. Simple and stress free. Can you examine this chart?
When it is traded from the loion where it first touches 50 MA, there are a few such powerful results.
True monitoring, yes, it's sell now, but I believe there has to be a space. In eurusd there is no space right now.Originally Posted by ;
Exit depends. I believe at least between 100-200 pips, stop 50 pips, breakeven when 50 pips
....And in line with the OP you want the 21 MA to enter...Originally Posted by ;
We do not require simplicity. We need a consistently profitable egy. Complexity is immaterial.
Thanks for answer the best ma. Yes looking in the chart it is effective from the 50ma. You should back !Originally Posted by ;
I will adding to my egy farther in this thread as I have only covered touched and entry on Trend v Ranging
I will be following up with risk and transaction management along with multiple time frame analysis.
That has some truth to it dokopy. I am aware there's not a consistently profitable egy that exists. There maybe some who are 60%-70% profitable but they are very rare or they have too small reward for risk and won't endure over the years. Some tendency after egies are just right 30 percent of the time but make money over the Long RunOriginally Posted by ;