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yes aap forex ko full time kay liye join kar saktay hain chahain tou full day trading karain ya aap ka jo bhi daily kaQuote:
Originally Posted by kulith6
target hay wo achieve karain aur exit hojaen eskay elawa ye hay agar aap mehnat kar kay achay trader ban jaen
then aap ko kisi job ki zaroorat nahi hogi..
My point is, if all the indicators are in their respective positions and the price returns to EMA30 then that is the best place to buy/sell and can be done at any time without having to look at the clock. You can ignore rule no.3 above because the rules are for me personally or for fellow traders from Jakarta so that they are aware that sometimes signals appear in the morning.
Yes, the best pair for this method is USD/JPY.
Indeed the results are not many sometimes only 88 pips, 168, 112 a week but at least this method can provide profits above 400 pips in a month.
It seems like it's still a long time to get a signal in the USD/JPY pair because the Pivot indicator says "Buy" while other indicators support "Sell".
A Gorilla must choose other foods if there are no bananas available so he can glance at other fruits to eat like cucumbers or sweet potatoes, otherwise Gorilla will go to sleep for 3 consecutive days while hoping that next week he will have good food.
Gorillas must remain patient and happy.
Here is one i'm keeping my eye on with the arrow.....the candle hasn't closed yet so will see.There is also a couple more pairs i'm looking for on the 5 candle setup.Also when i get time
i may discuss more on engulfing candles if there is any interest.Little more risky but more trades. Take care
If your going to trade multiple positions i would suggest to use a trend line as a filter when to get out.We never know when we are going to get parabolic moves or nice waves up and down.Everyone has to make there own decision on money management and managing their trades.Personally i like momentum. I don't mind several break even trades.But when i see a good runner like the eur/jpy i cringe I got out too early Yall have a good day.There is only one thing i don't like about this trade is i would have liked the price to come back over the 50 rsi and back down...otherwise everything looked
great as for the setup.I know some guys and gals that traded this one
for example a green bullish pin candle or bar that has a top 25% close would be up.Bears the opposite.Ok Alvarogj good. Remember you don't get trades everyday.Have to be patient.Try to trade during the high liquid times . During the london session and start of the us open.Watch for impact news Yes Happy i do still trade them if they meet the criteria
Noticed priced bounced right off the flip zone to the left. Looks like
there could have been some limit orders allready there in place.Nice red lower 25% close pin and no heat This was 4 hrs after the US Session. So all the news or something pushed it lower.
Anyway i come very close reaching my target .I'm covering now since it's
friday. All rules applied.Take care and have a good weekend.I placed a sell limit on this one because i was late entering .
If you stayed with the nzd above without moving stops your first target should be hit.Of course i covered so i went out with a break even
trade. Take care
An aggressive approach would take it to at least the close of the highest candle to the left which would be a lost.Here lately the aggressive approach has worked
out fantastic....so just up to the trader.Hope that cleared up some questions. Take care. Ok this entry was at 00 gmt time which is right at my daily candle close.The volatility usually is slower during this time unless there is important news
taking place--also i've seen entries during this time that went 2 or 3 to1 RR so really up to the trader since this the 4 hr candles.Ok the green entry candle with the red arrow below is the lowest low of the last 5 candes. 130.97 -130.73 = 24 pip range. So if we are trading a conservative approach we would take 130.97 + 12 (high of entry candle) = 131.09(cover price) The second candle to the right of the entry candle -price went as high as 131.13 so this would be a break even trade trading conservatively.