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Ralffe replied Feb 28, 2018No mate you got that wrong. See pic. Both yellow lines did not qualify cos all candles are crossed by the lines. So when price moved again a wave formed & the line "red" was moved UP. This is almost always a good sign a trend change is imminent.
SAFE - KISS
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Ralffe replied Feb 28, 2018Yes but the entry is now perfect on the UsdChf Daily. & the GU should be good to go tomorrow.
SAFE - KISS
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Ralffe replied Feb 28, 2018Common mistake & why many lose often. If SL is too expensive you are obviously using lot size too big. better to have half the lot size & add on when first trade is safe.
SAFE - KISS
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Ralffe replied Feb 28, 2018Yes you have jumped the gun. Should be OK though I would have the SL at 0.93. The SL is really only for black swan events. Otherwise the trades should be given room to breathe.
SAFE - KISS
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Ralffe replied Feb 28, 2018Yes good work If you missed the entry at 1.22 a sell stop order at 1.2090 would be wise
SAFE - KISS
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Ralffe replied Feb 28, 2018EU can be quite nasty at times & although a definite line break has occurred, a 100 pip bounce here would not surprise me.
SAFE - KISS
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Ralffe replied Feb 28, 2018Chart pattern, experience, 70% retrace. Beware of bounces on the smaller time frames now & on the way down.
SAFE - KISS
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Ralffe replied Feb 26, 2018Doesn't matter what time frame you use, just remember the lower the time frame the more the chance of getting caught on a retrace. I had a great time on the 15m charts yesterday but it was very intensive compared to the 4H & Daily.
SAFE - KISS
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Ralffe replied Feb 26, 2018Looks good May be due for a retrace which could take it back to 87 so be careful.
SAFE - KISS
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Ralffe replied Feb 26, 2018Some people don't get it because they just don't want to get it. Some are also confusing the lines with traditional trend lines which they are not. They are as much support & resistance lines as trend lines.
SAFE - KISS
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Ralffe replied Feb 26, 2018I guess you mean the DXY. The DXY is caught in a little triangle going sideways as are most pairs, waiting for something to kick start them. Could be today with the USD Core Durable Goods Orders.
SAFE - KISS
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Ralffe replied Feb 26, 2018Had a day with nothing to do so decided to play the AU & Gold retraces on the 15m charts. Gotta say this system brings back the joy into trading.
And now EU wants to join the retrace party on the 4H. Attached Image (click to enlarge)EURUSD
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Ralffe replied Feb 26, 2018Had a day with nothing to do so decided to play the AU & Gold retraces on the 15m charts. Gotta say this system brings back the joy into trading.
And now EU wants to join the retrace party on the 4H. Attached Image (click to enlarge)EURUSD only
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Ralffe replied Feb 26, 2018Had a day with nothing to do so decided to play the AU & Gold retraces on the 15m charts. Gotta say this system brings back the joy into trading.
And now EU wants to join the retrace party on the 4H.Cesarnc's market talk, gossips, rumours & fun