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hello lady and gents,
if you guyz don't mind, i have a few of questions about endy's strat and pimp's strat
endy, where's the stoploss for ur strat?
i've always been uncomfortable with buying on retracements when price is travelling down..cos i always have a fear that they'll turn out to be reversals instead..
am i missing the point? or do i have a valid concern?
would it be better to enter in the reverse order instead when price is coming up? like from the 50sma 4units, the middle 3units, then the 20ema2units?
fxdiva, just to check
i'm using ibfx as well, and there are a lot of pairs missing, which are needed in endy's indicator
do u just go ahead and use the indicator anyway? or did u switch to another broker?
and just to clarify pimp's strat,
(seniors pls help me out here if zak's busy)
are there a ranks of importance among MAs, TL breaks, chart patterns and the CCI?
like for example, yesterday there was a flat top triangle on the GBPJPY.
there was a downside break but the trend was up, pivots and MAs from 1hr and 4hr were all under price.
so i decided to stay out.
it might have been a bumpy ride, but price still managed to fall right through them a long way
would it have been prudent to ignore the MAs and take the break?
how important is the CCI past 200, a signal not to take a trade?
if i see price break out from the day high or a 15min chart pattern or a major support/resistance level with a nice 1-2-3 on the 5min, but 5min CCIs are past 200
what should i do?
should i look at higher timeframe CCIs and take the trade when they're not past 200?
or should i pass on the trade?
sorry for all the questions
my trading's pretty bad lately, not identifying good setups and taking lousy trades.
need a little clarity and help, thanks!
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