i should of done the same! PA leading up to these news events can get unpredictable... the snapshot below shows my crappy AU trade from yesterday which normally don't show up on a 1H chart! EURUSD AUDUSD 1H OBSERVATION here is EU and AU 1H charts ...

PA Trading with EMAs and common Sense

ema200 is a very good one to have on your chart, i was using it all day to monitor the progress of my trade...

PA Trading with EMAs and common Sense

hope you had better luck than me! i spent the day working my way out of a bad trade, but i survived! AUDUSD 1M entered first two orders with a plan to continue cost averaging to manage the risk, then price moved against my positions rapidly - i've ...

PA Trading with EMAs and common Sense

use this for mql5, posTime is your time to close: PositionSelectByTicket(ticket); if ( (long)TimeCurrent() - PositionGetInteger(POSITION_TIME) > posTime) { trade.PositionClose(ticket,); }

Free Grid EA Ikarus - From zero to hero

AUDUSD 1M MISSED\CONTEMPLATED OPPORTUNITY contemplated an entry long in the yellow area, for far too long unfortunately! image

PA Trading with EMAs and common Sense

they're all nice simple setups your looking out for thehustla, and yes that last trade i did was exactly your second setup, and i would of normally taken that last order, but that price action in yellow at the time threw me off, i had trouble ...

PA Trading with EMAs and common Sense

AUDUSD 1M pullback long off support, cost averaged, didn't take third order at bottom because of preceding price action highlighted in yellow which confused me, so felt better to wait for clearer sign then it shot back up so let it rip to targets - ...

PA Trading with EMAs and common Sense

i agree, its a VERY deep read, its very impressive that your have read all of it vvm

PA Trading with EMAs and common Sense

that's unfortunate, i know the feeling very well believing in yourself and your setups is the hardest part to master in trading, thanks for sharing...

PA Trading with EMAs and common Sense

AUDUSD 1M pullback entry long off support, first entry was late, so took second entry, then support broke, then cost averaged at next level of support, still ended in a nice profit... image tricked again, same setup, same result, smaller profit! ...

PA Trading with EMAs and common Sense

AUDUSD 1M trend continuation pullback long, bounce off ema200, i thought i had it covered! image then the market shows its true colours and stops me out, fair enough, so i try again, same result! then this happens... it reached where my target was ...

PA Trading with EMAs and common Sense

that's clever, two failed bearish IB's, i'll look out for that one, this is an excellent trade...

PA Trading with EMAs and common Sense

i hope so! AUDUSD 1M ema9 overextension trend continuation after pullback bouncing off support long no initial SL, cost averaging was used as required, could of taken a third at the low but the gaps between orders is important, especially with only ...

PA Trading with EMAs and common Sense

BTCUSD 1M (DEMO) check this out thehustla, an example of the power of cost averaging - leading on from the quotes vvm just posted, that is the philosophy behind these trades, that we never know where price will go, but it will all make sense if we ...

PA Trading with EMAs and common Sense

that's brilliant vvm! "every trade is wrong until proven right" is another way of looking at it...

PA Trading with EMAs and common Sense

and you say you are not technical?! looks like technical analysis to me vvm! they look like good setups, i'll look at them in more detail...

PA Trading with EMAs and common Sense

cost averaging is used with the aim of always breaking even or better, cutting losses quick is not the approach, instead, giving the trade every possible chance to produce a profit is where the risk and money management skills lie - every trade is ...

PA Trading with EMAs and common Sense

yes, overextended plus wick! and yes, extremely risky, that's why i added the WARNING! the risk is only mitigated by cost averaging, when you do these enough times it gets a lot easier to manage, no other factor plays into these trades other than ...

PA Trading with EMAs and common Sense

always a pleasure vvm, you do have plenty of ideas for technical things, that's what price action is all about! i've had mixed results trading the one bar range, it is a tricky one, and ye, the probabilities aren't the highest for a fixed setup like ...

PA Trading with EMAs and common Sense

hey vvm, this one is 50\50 when i look at it technically, and also when i think about it fundamentally due to being a daily timeframe technically, the downtrend started by the even bigger inside bar circled on the left and made a strong move down, ...

PA Trading with EMAs and common Sense