audusd should give a long entry i 10m on H1

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Dean, re the sl, I'm comfortable with it especially if I can fine tune the entry, my mind set is that if price turns around by 25 pips then tdi will probably go flat as well which suggests it's time to exit stage left Agree re Asia however if you ...

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Currently have no trades running but am watching EURUSD for a possible long set up, a bit annoyed that I didn't get into the long eurjyp and gbpjpy long trades a couple of hours ago - both good for 30 odd pips. The other thing i look for is ...

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Re leverage - on this size account I have gone as hard as i can, call it stress testing but I did note in a later post that when the account size grows my leverage will become more conservative. On TDI crosses - I consider it to be valid when a ...

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same thing happening on gbpjpy

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ej trade — eurjpy is a good live example of comparing different time frames, H4 looks like a bounce trade, h1 looks good for a long whereas M5 suggests that a better entry point might be achieved by waiting until it confirms the higher time ...

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I like to feel like I have real money at stake - regardless of the amount. With demo trading I tend to go a bit crazy and trade unrealistically. I don't know what all those simulators are that people have mentioned so for me to test a system I start ...

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2 weeks doesn't make a summer but it is a good start, the proof will be when we have all had a couple of years experience and are trading much bigger account sizes.

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My style is still evolving, these trades were taken primarily off H1 charts but H4 has to be in agreeance and I have also taken to having a look at M15 and M5 to confirm entry points ie if they are in a moving contrary to my trade direction then I ...

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May — I started trading this system at the beginning of May on a small live account (I hate demo accounts, don't believe they make you take trading seriously enough). Have taken 29 trades for 23 wins and 6 losses, of those 6 losses at least 3 ...

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Wouldn't expect a lot today - most bank traders are as superstitious as all hell and Friday 13 spooks them no end, in a lot of the trading rooms around the world they don't even let people have red pens on their desks!

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If you use a 100 pip sl what's your tp? Don't know which broker you use but a 6 point spread on GJ sounds way too high. Each broker manipulates the spread to attract customers ie a US broker will have tight spreads on USD pairs whilst a Japanese ...

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I agree, on the H1 charts 25 is reasonable, if trading off H4 and higher larger stops are needed.

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A simple method of managing a trade eg place a 1 lot trade with a 25 pip stop loss, if trade runs your way instead of moving stop to BE take off a portion of your trade and then let the remainder run with a trailing stop of 25. If you do the maths ...

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nzdusd — a thinly traded pair especially at this time of the trading day and therefore susceptible to irrational moves, suggest you stick to the majors.

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after the aussie jobs data it's hard to get excited about going long aud but it is forex trading after all and anything can happen

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For what it is worth I have a simple 10 period ma set to median price

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moving average — I'm curious as to whether a moving average is needed whilst using the HA candles. If it adds to the trading capability what type of ma and what period is best?

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markets might take a breather during asian session after all the action overnite, the exception will probably be the aussie as employment numbers are due out at 11.300 Sydney time, many commentators are expecting that these numbers will have a ...

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Here's the 2 trades I took I have marked the entry candles. On the gbpjpy I exited when tdi went flat and on the aud I ran a trailing stop as I went to bed but woke to see I was still in the trade and manually exited when tdi flattened.

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