USDJPY 4H hit my stop loss. GBPNZD 4H is still running and looks good. Put on a new trade for NZDCAD H4: image

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Two ongoing trades I have: GBPNZD 4H (Yes, entry is into support but I don't care too much. I will exit early if the price coming back) image USDJPY 4H image

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There are SR-levels everywhere. If you care too much about this you miss out on a lot of trades . I think catching of the momentum, follow the trend, and trade management (f.eks. how to exit) are more important.

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I use only the next higher timeframe. I trade 4h so I use daily to look for ranging pairs. Another method is to use 30sma: if it's flat or close to flat it's a range.

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Long on CADJPY 4H and GBPJPY 4H: image image

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Roni, RoobinHood describe this in post 16: url I use exactly what RoobinHood describe in this post for trailing stop. I didn't take the EURCAD trade because Dragi had a speech 1 hour later.

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Initial stop loss is 2 candles back from entry candle. In addition to this I will exit the trade if HMA change color. InI will also trail my stop loss if the trade going into positive pips (candle by candle). By trailing the stop loss you get as ...

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To take losses it's part of the game. My self I have 0 wins so far this week and 2 small losses for EURUSD and EURJPY. But I doesn't care because I know soon the will be some winners too.

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Sorry I made a mistake. I was counting for AUDCAD. But my counting for USDCAD shows 32 possible entries in the period. So you only take 37% of all possible entries. Here is a screenshot from 1.04-19.04. Green vertical lines shows possible entries. ...

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Fun facts: For USDCAD you had 12 trades from the beginning of April. I counted all entries with the indicator rules and time between 6 AM GMT to 9 PM GMT, and I got 25 possible trades. It means that you take about half of the possible trades. So ...

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Roni, I'm in the same trade as you. Took it also at daily open. To early to tell if this is a looser or not (I put stop loss over the swing point). RoobinHood was early because he testing new combination of indicators.

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Very good picture that shows the reality. I started to get okay results after 5 years but after soon 6 years in the business I still have something to learn. My advises are: stick to one method (do not change if it's go bad in some periods (that's ...

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Looks to me like 50% fib retracement where you consider new LL to be part of it

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I use what RobinHood described in POST 16: Move stop loss manually from candle to candle. Start stop loss is high/low two candles before entry candle.

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I use the same as described under POST 16: url

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Exit by trailing stop. +70 pips. image

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It's a good trade but with no real money. When I test a new system I always use demo until I'm 100% sure that I'm profitable with the system before I use real money .

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I have been busy this week and I have only time to put on one trade. Using candle by candle trailing stop and I will exit (if not exit by trailing stop) on color change for 2-3 indicators. I let the CADJPY 4H trade run over the weekend: image

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Emmanuel, thanks for info. When I get 6 losses I will first find out why it happens. I will not start trading again until I know the reason. If I find out that I didn't make any mistake and I did not find something wrong with the system it's ...

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Yes, it's long only. To me it looks like it soon will break the resistance (easy to see on 4H) and continue up.

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