Simple and profitable trading style -
1 2 3 4 12 ...

thread: Simple and profitable trading style

  1. #11
    Senior Member pochis's Avatar
    215
    quote I am cautious of this opening an brief order on the EU, because of: 1). Risk reward looking at my goal isn't adding up. Risking 56 pips to create 76 pips. 2. What do you consider the service lines in 1.221 just below the current price point. Also I wanted to ask just to get a refresher, do you set goal points for this egy. I remember at the start you said to close the transaction as soon as the MA crosses ( if I remember correctly), what is your current take on getting profits? image
    1.221 isn't a visible service. When you zoom your chart out you would see some strong S/Rs. And besides its associated pair, AUDUSD had formed tops that are strong on the weekly and is already down. It was shared by me on AUDUSD thread. Some I set take profit with the last S/R that was weekly. Till I see reversal and exhaustion around the Upcoming some I simply ride the trend

  2. #12
    I am currently considering USDCHF to go into long is the daily closes above the middle ring and 4 hr above upper ring. It is almost there.

  3. #13
    I made a decision to combine the EURUSD bears with the daily centre band and 4hr reduced group. Trend appears exhausted.
    I'm cautious of the opening an brief order on the EU, due to:
    1. Risk reward looking at my target is not adding up. Risking 56 pips to create 76 pips.
    2. What do you think of the support lines at 1.221 only below the current price point.

    I also wanted to ask only to get a refresher, do you put target points for this egy. I remember at the start you said to close the trade when the MA crosses ( if I remember correctly), what is your current take on getting profits?

  4. #14
    Senior Member pochis's Avatar
    215
    When it's time, EURGBP would wreck strong. It had been with CADCHF - shing within range for weeks. The interesting thing about the EG is that swap rises by the day while it ranges.

  5. #15
    Senior Member pochis's Avatar
    215
    While the powerful Shooting Star shaped on EURGBP 12th October remains valid, I decided to exchange the range. While the previous keeps running yesterday there was installation and group rejection, and so had to take another place

  6. #16
    Senior Member pochis's Avatar
    215
    I made a decision to combine the EURUSD bears using the daily middle band and 4hr group. Trend seems tired.

  7. #17
    Senior Member pochis's Avatar
    215
    This week was really bloody

  8. #18
    Senior Member pochis's Avatar
    215
    Have Been from CADCHF at last. Aren't safe today

  9. #19
    Senior Member pochis's Avatar
    215
    Check out the USDJPY Hammer

    Chart Neglected to upload. Anyway it had been formed on strong support

  10. #20
    Senior Member pochis's Avatar
    215
    USDCAD monthly ( September ) more than legitimate. Pin Bar that is such has strong bullish bias. The bulls are looking for entry point. Glad to have joined them

  •