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- Esser replied Jun 7, 2012
Well luckily for me, I closed my eurusd trade at 1.2617 :-) So just before the huge drop! It was by accident though, but it still counts... Sort of... I've heard people say you shouldn't trade right before news releases, but what news is it exactly ...
Price Action with Indicators! ~The Freebie Newbie BOLOSO System~
- Esser replied Jun 7, 2012
So, you are actually saying that I did not completly mess up my entries? :-) I know you are learning as well as me, but you are just a couple of steps ahead, which is why I find your help great! Or really all the help I can get from anyone really. I ...
Price Action with Indicators! ~The Freebie Newbie BOLOSO System~
- Esser replied Jun 7, 2012
The usdjpy and eurusd is starting to look pretty good now actually! :-) So maybe there is still hope that this will be some good trades! But, what should my take profit target be?
Price Action with Indicators! ~The Freebie Newbie BOLOSO System~
- Esser replied Jun 7, 2012
So, about 2 hours ago i placed three orders. Two buy stop, and one sell stop. Buy stop on usdjpy and eurusd, and sell stop on euraud. They all got triggered something like 1 hours after i placed them, and so far, about an hour into the trades, they ...
Price Action with Indicators! ~The Freebie Newbie BOLOSO System~
- Esser replied Jun 7, 2012
Thank you very much once again! I think i had misunderstood the rules of the strategy before... But one more question, do you set any TP level when opening an order?
Price Action with Indicators! ~The Freebie Newbie BOLOSO System~
- Esser replied Jun 6, 2012
So, what you are looking for in that setup is for the price to reach the previous swing high, going with the general trend, is that correct? :-) Do you set your buy stop at the exact level of the previous swing high, or do you set it above or below?
Price Action with Indicators! ~The Freebie Newbie BOLOSO System~
- Esser replied Jun 6, 2012
Wow, thank you SO MUCH for giving me all this great advice! :-) So, basically, I should never trade against the overall trend. Also, if I want to trade long, i wait for a swing low to form, and then place a buy stop order at the most recent swing ...
Price Action with Indicators! ~The Freebie Newbie BOLOSO System~
- Esser replied Jun 6, 2012
Thank you so much for your help! Can I ask you, what signals made you go long on the E/J at that particular price level? And also, how is this strategy working out for you in general? :-)
Price Action with Indicators! ~The Freebie Newbie BOLOSO System~
- Esser replied Jun 6, 2012
I'm trying this system out. I just made the following orders on a demo account, using the 1 hour chart: Sell eurusd at 1.25003 Buy usdchf at 0.96125 Sell eurjpy at 98.788 So far, it's not looking good... :-( What did i do wrong? Thank you in advance ...
Price Action with Indicators! ~The Freebie Newbie BOLOSO System~