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- AlistairC replied Nov 25, 2022
This USDCAD trade still on, but going nowhere. With the US Thanksgiving weekend now on, everything will be slow, and almost no news events in the calendar. Go out and have a picnic, be thankful.
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- AlistairC replied Nov 24, 2022
Maybe not such a good time for this trade to trigger. Holding thumbs for a quick breakout below this small consolidation.
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- AlistairC replied Nov 24, 2022
Just realised - its Thanksgiving weekend in the USA. Markets will be very slow.
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- AlistairC replied Nov 24, 2022
I'm in this GBPJPY trade now (the USDCAD one has still not triggered). This is a useful example of the emergency exit procedure I use - I deleted 25% of the lot size a while back, and was going to close down more but when I looked again, it had ...
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- AlistairC replied Nov 24, 2022
The daily chart I posted suggests that price might bounce at the support level where my TP is, and that might end up being the end of the run. But it's done that once already, so maybe this time it will push straight through. I think there is a fair ...
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- AlistairC replied Nov 24, 2022
I have a sell stop order waiting on this USDCAD H4 chart (see chart further down). My safety checklist: 1. Dominant trend: YES see D1. 2. S/R obstructions: NO. 3. Enter when price is close to the EMAs: YES, but not completely. I waited for price to ...
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- AlistairC replied Nov 24, 2022
Here is a trade I decided not to take. I received an EMA crossover signal on EURAUD H4. Apart from this chart just looking "spiky" (more chance of being stopped out), there is open space between the bars and the EMAs. In other words, the rubber band ...
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- AlistairC replied Nov 23, 2022
Just to emphasise that this strategy does not need to be improved, I closed today with 2.15% growth on account balance for the day. Naked EMAs only.
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- AlistairC replied Nov 23, 2022
Here's an example of a multi-leg trend. We could have profited from each of these. How could we know that leg 3 was worth taking? The next chart up (D1 in this case) would give the clue that we had a decent uptrend in place. image
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- AlistairC replied Nov 23, 2022
A note on where to enter a trend Trends have "legs". When a new trend forms, it goes on its first leg, then after some time, it pulls back significantly. Some traders call such pullbacks a "refresh". Then, most trends experience a second leg. But ...
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- AlistairC replied Nov 23, 2022
If you are wondering where I disappeared to, I decided to start my own thread. You can continue following my MA crossover thread here: url
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- AlistairC replied Nov 23, 2022
The purpose of this thread I didn't post any rules at the beginning of this thread, trusting in people's decency. So thank you all for respecting each other. I would, however, like to comment on what trading content we post here. This thread is ...
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- AlistairC replied Nov 18, 2022
I generally do trade on a Friday but will usually close before the NFPs or if there is any other major news event coming up. I like to close all my trades at the end of the week so that I can have a weekend with nothing nagging at my mind. Sort of a ...
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- AlistairC replied Nov 18, 2022
I placed this sell stop order during yesterday and it triggered later in the day. It would have been better to get in near the crossover, but looking at the daily chart at that stage I wasn't sure about it. It broke through local support / ...
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- AlistairC replied Nov 17, 2022
This trade has worked out nicely (so far!). I placed a buy stop order at the top of the consolidation area and, although it seemed to take an age to do anything, it has just taken off. I love that kind of breakout and it makes sense to look for ...
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- AlistairC replied Nov 17, 2022
I did an experiment, as much for myself as anyone else. I randomly went to CADJPY H4. Note that the chart has plenty of sideways movement, consolidation areas and some fairly jumpy price behaviour. It is not a cherry-picked case. I also zoomed out 1 ...
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- AlistairC replied Nov 17, 2022
Hi mq112358 If you have had two successful trades would you mind sharing them? How you entered, where you set your SL and TP, and other considerations / safety checks you used? We can all learn from that, I'm sure. Thanks, Alistair
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- AlistairC replied Nov 17, 2022
I usually place stops at the recent swing point. Exits are very important and I haven't cracked that one. At the moment I move to B/E at about 50 pips, depending on which pair it is and I set the target at 100 pips, again depending on the pair. But ...
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- AlistairC replied Nov 17, 2022
Here's where the OGT trend dashboard might be useful. This NZDCHF trade has survived and returned (very slowly) to the entry level and that S/R level. So should I stay in this trade? Breathe a sigh of relief and close at B/E? According to the trend ...
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- AlistairC replied Nov 17, 2022
Here's a tool to give you a view of trend behaviour across time-frames at "one glance". It comes from a fellow FF member, zoheb01 url who produces some very useful One Glance Trader (OGT) tools. It provides a dashboard showing when the three MAs ...
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