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Hi Chehab,
I highlight trendline because as per your chart you were trading counter trend. Which is usually much more risky and the move may just be temporary and short.
If you are new at it perhaps you want to just follow the trend first..and buy on dips in this case the default Ozfx setting should be sufficient. As you can see from my chart when u follow the trend the reward is much bigger.
Not sure of the time frame you are using but double checking for long term support and resistance on daily or weekly gives u a higher probability trade. I know i used to hate doing that too but it helps
Anyway there are a few variation to this strategy, mainly with more indicator and arrows to pinpoint entry, alert, EA and dashboard.. But I don;t think it would be rite for me to share it on Oz' thread. Could PM you if you want.
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Hi Hytten
Thank you always for the good recommendation--
Pls find herewith attached one chart showing a possible sell entry on chfsgd
on daily of Fxpro platform
your comments on this are appreciated
rgds
===============
Hi Hytten
Thank you always for the good recommendation--
Pls find herewith attached one chart showing a possible sell entry on chfsgd
on daily of Fxpro platform
your comments on this are appreciated
rgds
Another counter trend.. you are one big sucker for pain aren't you.. haha
As you know already, I take counter trend with trendline confirmation. IF I would take this trade.. would have profited from the big red candles that formed and move SL to BE by now.
There are a few reason I would not take this trade:
-Exotic pair, my spread is 10..I do not trade more than 8.. that is just my rule. I would pay higher spread for GJ that is simply because it has large movement like 200 plus pips per day. CHFSGD only moves average of 80 per day
-Support at 1.3650
-Currently at Fibo 50-61.8
Then again I don;t know maybe it would work out.. I cannot read the future..but based on the above I would rather not trade than to take a chance.
Any chance you are Singaporean? Not much ppl trade SGD pairs.
I have traded every system you can think of but this system is the easiest system I ever traded. Please keep it going. We just need an indicator that gives us a headsup that a trade is setting up.
really good Lines V4 which make easier the work to one,
but I think they are wrong drawn.
Nevertheless, Entry is to the Close of the candle, thus today to the Close and not like with you to open!!!!
Today the signal can still change in the opposite!!!
Can you change the signal of your lines on the Close from today in the code???
Or is the order right with the Open and me crazily me?
Dnn cannot still change the signal and I must wait for the confirmation of the signal by the evening???
Please OzFx, post your Entrys for the next days.
Regards gatowman
SwingMan;196298]A new version 4 for my signal and lines indicators.
With the Lines indicator is possible to make statistical analysis and to find good trading parameters.
.[/quote]
ozfx that ling to your signals you posted doesnt work can you add me to your mailing
EURGBP Signal
Linear Mode
