Quote Originally Posted by ;
Hello,

Thanks for posting your trade, will learn from it.

1. By the way, why are some of you using other indiors beside on the one
cited in the articles.

2. I'm still trying to digest some of the articles concepts like the
stop reduction and whether to use MACD with the RSI, confusing to me.
Anybody to clean my confusion.

Thank
the way I exchange the egy is a bit modified....
I use the rsi whatsoever....
Only macd is needed for verifiion....
I consider larger timeframe(daily) for confirmation on where the market is going
then I will wait for a pull back(a pullback can generate a signal on the 4h interval,dont take it,instead wait for the tendency to continou and you will find a signal in the path of the daily trend on th4h period.

Stoploss is 15-20 pips from ema 55,and goal is always 1.5*your calculated sl.

Like the nzdusd my goal should have been struck if I stick strictly to the principles but I saw a possible downward movement --such as 200pips - so I immediately removed my tp and allow the market run.now I've place my sl at breakeven....cheeers