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niks replied Feb 28, 2023that is excellent, you must be passionate about trading... this website is inspired by al brooks and many like him, it is VERY educational if you are interested url url
PA Trading with EMAs and common Sense
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niks replied Feb 28, 2023you anticipated correctly, it appears it was just your patience that let you down... it is hard, but following your instincts will always be your best option until the chart proves otherwise - waiting for the test of the high would of been a better ...
M1 Countertrend Scalping Strategy
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niks replied Feb 28, 2023that is a tricky one but it might get there, 67.05 may be\have been a safer target, i'm currently cost averaged long and will take another entry if your target hits so i hope it gets there for you, but if it breaks and holds ema200 from here your ...
PA Trading with EMAs and common Sense
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niks replied Feb 28, 2023i will - once i see a successful trader with a 100% record! as for fixed stop losses never working with the KoF strategy, technically its true, because it is no longer the KoF strategy if stop losses are being used, it then becomes a different ...
M1 Countertrend Scalping Strategy
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niks replied Feb 28, 2023thanks vvm - wish they were all that easy... this next trade made me work! AUDUSD 1M this counter trend pulled back longer than i expected - when i first entered i was targeting 67.15 and it went against me straight away, so rather than manage the ...
PA Trading with EMAs and common Sense
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niks replied Feb 27, 2023EURUSD 1M oversold ema9 extension counter trend long targeting ema50\200 image SL and TP adjustment image SL adjustment image TP achieved image
PA Trading with EMAs and common Sense
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niks replied Feb 27, 2023fixed stop losses will never work with this strategy, managing risk certainly requires skills, not sure equity has anything to do with it though. but certainly some days will be better than others and some days will be bad, but the primary goal is ...
M1 Countertrend Scalping Strategy
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niks replied Feb 27, 2023AUDUSD 1M frustrating sequence... but finally caught one, jf the break of ema200 holds, should be good for target! image stop loss adjustment, ema20 and ema200 protection, target 67.10 image another SL adjustment, ema20 protection image and TP ...
PA Trading with EMAs and common Sense
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niks replied Feb 27, 2023EURUSD 1M ok, the trade before was audusd 1M this one is eurusd 1M, i only trade audusd and eurusd 1M double top counter trend ema20 target image
PA Trading with EMAs and common Sense
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niks replied Feb 26, 2023AUDUSD 1M if countertrend fails, then go the opposite 30 point TSL is being well protected by ema9... image ema20 also provided good protection on the way down... image and ended hitting TSL on ema20... image
PA Trading with EMAs and common Sense
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niks replied Feb 25, 2023thanks, i agree - very good analysis using 1234 entry 1 was most aggressive and a bit early but still ok, stop loss could be on retest of high entry 2 was best because it completes head and shoulders for extra confirmation and now there is tighter ...
PA Trading with EMAs and common Sense
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niks replied Feb 25, 2023sim time again - and this opening sequence really made me wish it was that easy! lesson for me is to adapt an identical mindset while trading live... image
M1 Countertrend Scalping Strategy
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niks replied Feb 24, 2023that ripper of a trade speaks for itself, well executed!
PA Trading with EMAs and common Sense
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niks replied Feb 24, 2023it happens, in hindsight it is always easy to see... nice trade, obviously a bit late, but i would of suggested 1.3650, hope you hit it i have trouble hitting targets with higher timeframes, for me it boils down to fundamentals regarding the USD ...
PA Trading with EMAs and common Sense
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niks replied Feb 24, 2023yes, risk management in a tight range can be tricky and frustrating! here is one i just worked through, the first was expecting continuation up above ema200 but failed, the second was looking for counter trend but exited too early, until finally the ...
PA Trading with EMAs and common Sense
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niks replied Feb 23, 2023i hope you hit TP before TSL on this one? here is another example of KoF basic EMA strategy, it is hard to post live because always on 1 min TF, but i will try image
PA Trading with EMAs and common Sense
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niks replied Feb 23, 2023very nice trade, could of doubled up with a re-entry at 162.38 once support became resistance, hindsight of course! for the loss you took with gold, especially if it was unlucky, it might be worth just considering if cost averaging down may have ...
PA Trading with EMAs and common Sense
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niks replied Feb 23, 2023thanks, it helps a lot - do you use fixed stop loss and do you have example where you are compounding?
PA Trading with EMAs and common Sense
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niks replied Feb 23, 2023of course vvm, once you read the thread it will make sense, but here is an example played out just now, the basic idea is when the price over extends from the ema9, expect it to pullback into and beyond ema9 for a target image the stop loss is up ...
PA Trading with EMAs and common Sense
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niks replied Feb 22, 2023hi thehusla, that first trade was very well executed, can you please explain the second trade a bit? and do you have anything to add regarding your risk management style?
PA Trading with EMAs and common Sense