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DrForexMD replied Jul 30, 2016I missed this nice Consolidation then BO last week ! image
Trade What You See - Almost Naked Trading
- DrForexMD replied Jul 30, 2016
image I went long on this Pair, but not a good trade due to a Consolidating flat or sideways trend...I will get out on Sunday 5 pm EST tomorrow.
Trade What You See - Almost Naked Trading
- DrForexMD replied Jul 30, 2016
image A winning then a Losing trade...maybe it is best to trade a pair only once during the week only if there is a good setup...and maybe not twice ?
Trade What You See - Almost Naked Trading
- DrForexMD replied Jul 30, 2016
image Very Choppy Pair...there was a Bullish trade, but still too risky !
Trade What You See - Almost Naked Trading
- DrForexMD replied Jul 30, 2016
image Not the best Pair as the areas of Consolidation are to frequent and too close to each other. There appears that there was 1 good trade as noted above.
Trade What You See - Almost Naked Trading
- DrForexMD replied Jul 30, 2016
Besides USDJPY, I also avoid EURGBP due to the "messy" "choppiness" that only leads to more SLs and small TPs...these pairs are just not worth it...another maybe the USDCHF: image
Trade What You See - Almost Naked Trading
- DrForexMD replied Jul 30, 2016
image But, the higher TF less affected by News and need to have only TF D1 and WK in same direction with T3 BO or Three Candle touch of major Trend line - see Post #1 here: image So, it may take longer to hit 2:1 to 3:1 Target and SL is larger ...
Trade What You See - Almost Naked Trading