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about the exits
hi all,
Happy new year ![]() I have plotted the Ind indicator on the M30 Chart and RSI(14) - they look very similar with big advantage to RSI that it has bounderies ... so nina - I think if you use this Ind indicator for exit- better to use RSI ( which is the original formula ) and as well has bounderies. Nina, What do you mean by scaling -- how to do that , as well how do you use TF5 for exit .. ?? I follow the entry rules, but still have issues in exit - if stick to stop and reverse will have days with -80 like the one shown before .. and if not may exit early and not capture the whole market move in good trades, so some more deep views & charts of how you exit will help us .. please don't issue the new system till we finish the current one with entries, exits and every exception arise in it. Thanks, FX_TRADER |
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Hi!
Thank you to all for the Inverseind indicator. Ader1: Quote:
Nina |
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Hi, Fx_Trader!
Quote:
I go always in with more than one lot, usually 5. Then, I close them one by one according to my confidence on the possie. Today, for instance, I bought cable at 1.7226. It made a high at 1.7248. I closed 3 lots at 1.7242 and I placed s/l at entry. The market is very thin. Sold 5 lots on USDCHF at 1.3144. Made a low at 1.3108. Closed 4 lots at 1.3116. Placed stop at b/e for the other one. Bought 2 EURUSD at 1.1842. Did it cause USDCHF was going down, price was above 50EMA and Step too. Made a high at 1.1866. Closed one at 1.1856. Placed s/l at b/e. Nina |
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