Thanks Patreze! I just think about it and scratch my head. Because when you set a SL only 10 pips away you often just get stopped out due to the noise. Reentering right at the SL level again doesn't look that sexy to me. Sorry if I don't get that ...

Nanningbob 4H trading system

Thanks for that. But wouldn't be that almost the same as let the initial trade open without paying the additional spread?

Nanningbob 4H trading system

What does that mean "it reenters at MPTM BE"? Thanks!

Nanningbob 4H trading system

Got it thanks. What I still don't understand is how do you handle those reentries (in case of a +10 BE stop using that trade manager)? When does the EA enters the trade again if you were stopped out at BE? With the next 6x6 cross?

Nanningbob 4H trading system

lol. Grüß Dich! Might be a stupid question but what does this "MPTM" mean?

Nanningbob 4H trading system

There's a daily trendline coming down around 8900. This would be the next resistance. But I expect to see 9000+ levels again. This could become interesting till 6th of May and somehow volatile...

EUR/GBP - What a great pair to trade!

I lower my target for EUR/GBP to 8900 for 2/3 of the position because of a daily trend line coming down there. Added more longs in EUR/USD all with a target of 1.38.

Xaron's 1,000 to 10,000 live trading horror show

My first week was rather bad, got stopped out in my Oil short exactly to the pip at 86.40 only to see it reach my target of 84.50 after, without me. AUD/JPY was stopped out as well and took a dive afterwards, Thursday and Friday I was just sick, ...

Xaron's 1,000 to 10,000 live trading horror show

No, these prices are tradeable at Oanda.

EURUSD

There are no gaps in the Forex market.

EURUSD

Correction 1.3566! And the markets haven't even open yet.

EURUSD

1.3550... Already now. Phew. I think this might lead to some nice short squeeze. With Euro net short positions at historical highs it's enough when a lot of those positions get closed. The Euro even don't need real buyers to go up.

EURUSD

Already at 1.3535. url

EURUSD

The main protective rule is low leverage. The second thing is some kind of comfort zone (which comes from BWILC), the third is closing losers when it's obvious that I am totally off.

Xaron's 1,000 to 10,000 live trading horror show

Yes of course. I did that but this does not work correctly at MI... And the MA's are only a very, very rough thing, nothing in stone.

Xaron's 1,000 to 10,000 live trading horror show

The reason for this counter trend trade is simple: The daily looks a bit overstretched and we might have a double top in the hourly: image This comes hand in hand with my long USD/CAD as well, so let's see how this plays out.

Xaron's 1,000 to 10,000 live trading horror show

Good luck to you as well! New trade: Short crude oil at 85.55 with 30 units.

Xaron's 1,000 to 10,000 live trading horror show

Chart for the AUD/JPY: image You see the failure to make new highs in the hourly at the top and new lows. I think there is a bubble to pop.

Xaron's 1,000 to 10,000 live trading horror show

Went long USD/CAD at 1.0009 (might bounce from the obvious big parity barrier) and short AUD/JPY at 86.77 (lower lows in the hourly and possible equities sell off, plus the fact that the RBA has hiked and might pause now).

Xaron's 1,000 to 10,000 live trading horror show

EUR/GBP looks like a screaming buy to me, possible bounce of the daily trendline plus the fact that I think the pound will tank heavily this year: image

Xaron's 1,000 to 10,000 live trading horror show