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Forex Opportunities / Re: Post Your Opportunities Here
« Last post by AshF on February 12, 2021, 10:26:27 am »Potential 4 hour DT on AUDUSD?
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Forex Opportunities / Re: Post Your Opportunities Here
« Last post by AshF on February 12, 2021, 08:20:07 am »Potential 4 hour ABE set and forget sell set up on USDJPY. Would it be better to wait for confirmation on this?
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Forex Opportunities / Re: Post Your Opportunities Here
« Last post by AshF on February 12, 2021, 08:18:25 am »8 hour DB set up on EURGBP. Is this something you'd consider Tyrone?
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Forex Opportunities / Re: Post Your Opportunities Here
« Last post by Jamie on February 12, 2021, 06:37:22 am »Here is the 1H. If its valid to your strategy and I was to place a sell limit at the extreme am I right in thinking it would need to be cancelled if price made a lower low on the 1H before hand? There is a high pip target of well over a hundred pips for a 10 pip stop on this trade
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Forex Opportunities / Re: Post Your Opportunities Here
« Last post by Jamie on February 12, 2021, 06:31:38 am »This is very similar to USDCHF earlier in the week but this time there is a 1 hour trend line break so a possible sell limit entry for double top near the extreme.
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Forex Opportunities / Re: Post Your Opportunities Here
« Last post by Jamie on February 11, 2021, 07:10:05 pm »Ahh ok Tyrone. I thought because the 1H candle hadn't closed below the trendline that the set up was valid with your strategy for some reason. Thanks again!
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Forex Opportunities / Re: Post Your Opportunities Here
« Last post by TyroneArcher on February 11, 2021, 06:50:47 pm »You were right about the Higher Time Frame ABE - Spot on. The lower time frame confirmation happened after the trend line break so really you want this to happen bouncing off the trend line or ideally just before so that when price retraces back to your lower time frame level, you are bouncing off the trend line. If higher time frame is a Daily, Weekly, Monthly & the lower time frame was a 15, 30 or 60 min chart then the odds maybe worth the gamble because of the reward to risk but if price spikes through trend line and closes the wrong side of the trend line then its a no go for sure.
Its frustrating I know but quality over quantity. Your on the right path. I actually took a GBPUSD long last night but didn't have time to post so I did not want to put this on the facebook after the fact or on the trading log as a winner. I will only put the winners on trades setups I place before the fact to give confidence to those that follow.
But here is the GBPUSD trade so you can see the difference in being patient for the right setup. FOMO (Fear of missing out) is the hardest part of trading especially when you want to try something new out. instead we take too many medium quality trades which add the losses up quickly. It's hard enough to become profitable even with high quality setups but this limits your losses.
Its frustrating I know but quality over quantity. Your on the right path. I actually took a GBPUSD long last night but didn't have time to post so I did not want to put this on the facebook after the fact or on the trading log as a winner. I will only put the winners on trades setups I place before the fact to give confidence to those that follow.
But here is the GBPUSD trade so you can see the difference in being patient for the right setup. FOMO (Fear of missing out) is the hardest part of trading especially when you want to try something new out. instead we take too many medium quality trades which add the losses up quickly. It's hard enough to become profitable even with high quality setups but this limits your losses.
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Forex Opportunities / Re: Post Your Opportunities Here
« Last post by Jamie on February 11, 2021, 06:29:12 pm »Going to give this trade another go as there is now a 5 minute confirmation entry. This time I have placed a buy limit.
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Forex Opportunities / Re: Post Your Opportunities Here
« Last post by Jamie on February 11, 2021, 05:56:48 pm »I entered this with a one minute confirmation entry. I was a touch to late so I entered one pip higher than the zone but I still have a 5 to 1 RR. Entry 0.7225 4 pip stop and 20 pip target which is the highest close from the swing on the 1 hour chart which I forgot to place.
Stopped out
Stopped out
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Forex Opportunities / Re: Post Your Opportunities Here
« Last post by Jamie on February 11, 2021, 05:00:23 pm »An ABE set up almost in play with NZDUSD. Going to wait for a lower TF confirmation.