I struggle with exits too. What I am finding useful though is once in a trade, move to a lower TF to watch price action. So, for the hrly engulfs, i'll use the 5min to manage the trade. Assuming the trade moves in the right direction, when it nears ...

Buy sell line trading

...sure, only have the ex4 though.

Buy sell line trading

Def worth keeping an eye on in the background

Buy sell line trading

Yes, good point I should have mentioned that. I'm finding the MA of less use now and beginning to focus more on price action between the pivots. As you pointed out earlier, the odd 20 pips here and there soon add up ...stop now at b/e, momentum ...

Buy sell line trading

Average Daily Range

Buy sell line trading

EURCAD - hrly BEOB — ..last trade for me today. Again, off pivot resistance and a drill down to the 5min for entry confirmation off R1, targeting the pivot.

Buy sell line trading

...be mindful of ADR. Lots of pairs really pushing their averages now.

Buy sell line trading

Yes and many think they're 'old hat' and are no longer relevant, i'd certainly beg to differ! Each to their own, i suppose.

Buy sell line trading

Thanks for the heads-up...looks interesting.

Buy sell line trading

..a very pleasing +30 odd. I really like this setup off pivots, gives more confidence to enter counter the MA. In fact, i'm now finding the MA a little redundant and have taken off the template.

Buy sell line trading

...and a similar setup now on AU (hrly short). Need to be wary of news in 5 though..

Buy sell line trading

AC hrly short earlier.. — ..even though price was above the hrly MA in this example, two successive BEOBs off resistance piqued interest. Dropped down to the 5min and entered off a 123. Watched price closely at the round number, there was a ...

Buy sell line trading

EUR/AUD on my watchlist too, although i'll be more interested in a short once price breaks and holds below 1.2400.

Buy sell line trading

...if Seabreeze is in the UK, probably sleep

Buy sell line trading

I took this one. Had to wait for a while and drilled down on the 5min to watch for momentum before pulling the trigger. Edit: 13:30 - stop to b/e.

Buy sell line trading

Correlation data — ...saw this on another thread yesterday, very useful correlation info: url

Buy sell line trading

...yes, so FF should perhaps have a Trading Strategies forum in which this strat would belong. I can understand the frustration here, as we're posting in a Trading Systems forum, which by definition should contain purely rules based / mechanical ...

Buy sell line trading

GBP/CAD long (1hr) — ...just watching this atm, i like the last 1hr bullish candle and the fib confluence. Would be another great R:R trade if it materialises. I'm waiting for more confirmation above the 50 psych level before entering. (NB: i ...

Buy sell line trading

...the missing ingredient for that setup candle was strength of bullish momentum. All the other retracements toward the MA were kick started back into the prevailing trend with much better bullish candles and momentum, circled on your chart.

Buy sell line trading