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tk5 replied Dec 1, 2014it was not, only because you should have judged that sell as short pullback of the uptrend started earlier from RSi 30 (its even 20 in ur case)
Magic 5 - five pips only
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tk5 replied Dec 1, 2014so in this situation..as it went back below 200..we should wait it to pullback (reverse to bullish) then see if it continues going down (remaining under200)
Magic 5 - five pips only
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tk5 replied Dec 1, 2014looks fine setup..yes audusd will retrace. dont keep it much. CLOSE IT NOW. 0.8493. 7 pips enough now this is called market sentiment. after todays selloff of USD..now dollar hits back. you can merely visually see it byu checking EURUSD and ...
Magic 5 - five pips only
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tk5 replied Dec 1, 2014This is how one Proper day of trading looks like: image
Magic 5 - five pips only
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tk5 replied Dec 1, 2014you know, in such cases I get questions, and stuff..complicates my job. u should ustand me)
Magic 5 - five pips only
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tk5 replied Dec 1, 2014but you are adding your chart here. and it may confuse audience. its public. i try to keep method clean as original.
Magic 5 - five pips only
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tk5 replied Dec 1, 2014in this case, 200 is not involved. in ranging markets hou draw s&r lines, trade until breakout. i must remjnd that ema200 is not used for trade trigger. its there to show you market drection. to be more sure you can check h1 ema200, if it is well ...
Magic 5 - five pips only
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tk5 replied Nov 30, 2014I like Ranging markets. they are sexy. you draw lines. and do her up and down... 8 set-ups in two days. image
Magic 5 - five pips only
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tk5 replied Nov 30, 2014listen, why you struggle...first learn entering correctly in forex. that's more important. stop-loss is discretionary: at the discretion of the user. because in such method price may temporary and shortly move back and forth before reaching your ...
Magic 5 - five pips only
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tk5 replied Nov 30, 2014teach what))) I shared comments, rules and everything. its there.
Magic 5 - five pips only
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tk5 replied Nov 30, 2014yes. it's discretionary. SL is sth personal, its up to size of your balance and position opened. dont forget this is short term trading. if you enter with proper setup, very rarely it will go against you.
Magic 5 - five pips only
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tk5 replied Nov 30, 2014just foret about traditional SL RR thing in this case. SL is in this case to avoid 'armegeddon'

Magic 5 - five pips only
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tk5 replied Nov 30, 2014hey nation, I commented about stop-loss thing in earlier posts. I repeat again. I manage Sl manually since m15 is volatile timeframe. However, you can apply SL over/below last HA candle of opposite color as shown below: image In general, range of ...
Magic 5 - five pips only
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tk5 replied Nov 30, 2014yes sure craig. they are good sell setups for obvious reasons explained earlier. by the way, there's good buy setup where price is currently is (rsi and temporary or short term oversold situation)
Magic 5 - five pips only
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tk5 replied Nov 29, 2014why dont you try yourself and see. my success wouldn't help you anyways.
Magic 5 - five pips only
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tk5 replied Nov 28, 2014My inner whispers tell me that USDCHF heads to breaking the triangle and reach 2013 high of 0.98 then test 2012 peak of 0.99 finally. Fundamental sentiment of USD is still bullish and will be so in 2015 due to expected interest rate hike.
USD/CHF