Thank you very much for your quick answer. Yes you assisted me. My SL was incorrect place today and I lost 20 dollar. (To inform the throuth 1h chart didn't give a fantastic signal, inspite of the I exchanged.) That really is too much for me personally, because on my subaccount has 450 USD. I use all this ammount for a single trade, so when I grab 10 pip/day I am quite satisfied, it's quite great for me. More than 2%/evening it isnt bad. I like this method, and that I try to utilize it more efficiently.
If you've got more charts, please reveal me/us.
I use also fundamental technical analysis to understand where possible points of reversal could be (pivot points, fibonacci, trend lines, etc.) and await the confirmation. Then is strong reason price should return.
We must be very carefull while we overlook the entry point and the strong trend will begin. This system grabs the tops and the bottoms also if there is a strong tendency we might be out and do not get even 10pips, so know about that.
The good thing is that the every tendency has some start and we can grab it using this system.
There is one thing
I do not understand why, sometimes on various platforms (I have demo account with MetaTrader, and real acc utilizing DealBook360) the%R appears different. In one platform e.g it points down, and on the other it points upward. The price in both platfors is exactly the exact same and installation for indior also.
I attempted this system other pairs also, and it worked, but I closed the trade only 3-5 pip plus.
Thanks for brand new charts, but the second isn't so clear for me personally.
After You exchange GBP/USD whith tenno Can You use a big portion of your account?
(My borker company:OANDA, and that I trading on its own platform.)
I use about 5% of my account (because I lost in first two months roughly 40%).
I've change little piece rules of TP. If this system works good in better then 50% so TP = SL spread. Then risk/reward # 1 and it needs to be profitable in extended term.
Today I've also try on another pairs like USD/CHF and that I gain profit.
Since other major pairs has significantly less volatility SL could be roughly 5-7 pips from bottom or top.
Now when I pull the trigger I will setup my SL and TP, setup alerts on this price levels, and turn off my screen. The market also I have exactly the same chances, but I believe that TP will be struck more times afterward SL. Today, just like. is the key.
Thanks for posting your charts and bringing this thread back to life. I will be trading this egy live on the eur/jpy. Will inform you how things are going in a week or so.