My trades from today EDIT: While they were successful in the end, they were also twice riskier because both them were of same currency running at the same time, in this case GBP. GJ from earlier today image GU from earlier today image

Roadmap - A Way To Read Markets

Nice analysis!!!

Roadmap - A Way To Read Markets

You will have to wait for Laura's feedback, but I don't see a valid entry for a short. Based on the image, the channel is above the SMA and MTF SMA's are not aligned for the time frame you are trading. From the 1st post:

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IBKR does not allow Spot forex for US residents unless you are an "ECP" in other words have net worth of at least $10M. Meanwhile I have heard many talk about IBKR in the other threads, looks like most of them are not based in US and hence they ...

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Didn't realize there are so many subtle nuances in that exit. I guess it takes a lot of screen time to monitor and absorb each of these smaller changes across multiple trades / chart and to do that constantly every minute or so, that is incredible ...

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NZDUSD from the Asian session. Took profit in 3 parts - 50% , 25% then let the rest 25% running with a trailing stop. Closed it later when the price started ranging, original target was ADR high. image

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It looks valid to me, if you are new probably you may want to go long when RSI is above 60 and short when it is below 40. Quite a few people do it at 50 above for long and below for short, but I believe the original recommendation was to use 60/40.

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Here is another reason why ADR trades are risky. CJ hit the ADR, however the RSI was above 60 at that time - which is probably going to be the case most of the times when ADR High is hit and despite the RSI reading, because the price already tested ...

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Try adjusting the x-axis, y-axis position of the indicators, that should help.

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Based on my experience - it is been a mixed bag, some times you get to see some action, other times it is kind of ranging, probably except USD based pairs. Unfortunately being in US means the avenues to trade Commodities or Indices are very limited ...

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I was watching that, I haven't the price retrace to daily open YET. But it seems to moving in and out of the channel so far, will just have to wait and watch I guess.

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Thank you for the information. Can any one recommend a good offshore brokers with FX, Indices and Commodities?

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That's impressive work! Thanks for putting it together - will help as quick reference.

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The same GBPCAD trade where I ended up losing, goes to say how 2 different people can manage their trades differently with different outcomes. My risk was more and the stop was placed accordingly - I guess how we manage the risk defines the exit or ...

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Closed these before the news, didn't want to keep it open. AUDUSD image EURCAD - Multiple entry image

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GBPAUD on M5 image

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My trades for today 1 on EURCAD and multi entry on EN, exited EC when it was stalling, and later it dropped nicely and retraced back fully , EN could have let it run and it is still dropping.. image

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This was one of my short trade which I took earlier today on EURGBP - was trying multiple entries or multiple bullet entries . When I planned for the entry the SMA was closer to the channel and price was around the daily open, so decided ...

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I guess that would be the risky ADR reversal trade?

Roadmap - A Way To Read Markets