Simple as 1-2-3

[Columba]

EJ doesn't have anything on this!

EURTRYM15.pngEURTRYM30.png

It's a bird, it's a plane . . . no, it's the TRY.

Now changing symbols.

[prochargedmopar]

EJ doesn't have anything on this!

EURTRYM15.pngEURTRYM30.png

Mastery first instead of jumping all around the globe.

Honestly, which one would you pick or does it NOT matter?

[MightyOne]

Sometimes I feel like grabbing two slices of bread and...

...but that's probably when don't have my morning coffee

[Columba]

:smt023

Enjoying your success with the EUR/TRY trade this morning. And I know it is quite a success.

However, I am wondering about the spread which on Oanda, my broker, is pretty steep (~ 30) whether figured as a % of price or the ATR (D1).

If the EUR/TRY moves like today, well, who cares? My question is how much consideration do you allow for spread on your entry decisions? If we were looking at a 1440 chart, it really doesn't matter, but at M15 . . . it probably does.

Thoughts? . . . especially with the EURTRY or something like the EURSEK. I have always stayed away from these on lower tfs, maybe I need a rethink.

Thanks, Columba

[Mr. Hyde]

:smt023

I love your charts.

[MightyOne]

I would not trade a chart where the spread is greater than 2/3 of a line.

A spread of 50% or less is ideal.

HISTORICAL SPREADS

EURTRY_HISTORY.png (14.18 KiB) Viewed 6606 times

[Columba]

I would not trade a chart where the spread is greater than 2/3 of a line.

A spread of 50% or less is ideal.

HISTORICAL SPREADS

EURTRY_HISTORY.png

Just what I needed. Thanks for the helpful advice. C

[prochargedmopar]

The AO cross and I so far have not got along very well.

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[dojirock]

The AO cross and I so far have not got along very well.

IMG_1904.JPG

IMG_1905.JPG

Hi Pro, good to see you back looking at charts.
I drew the best I could..im on my tablet.
All you need is a bit more patience. Im not sure if you use my zones...but the cross of the trendlines which you have drawn correctly, needs to be crossed by the ma. or If you do use my zones, a failed retest, then the break of your trendline will almost get you in on the right side of the zone every time, thus eliminating the reversal trades.

Just jumped the gun...thats all

doji

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[prochargedmopar]

The AO cross and I so far have not got along very well.

IMG_1904.JPG

IMG_1905.JPG

Hi Pro, good to see you back looking at charts.
I drew the best I could..im on my tablet.
All you need is a bit more patience. Im not sure if you use my zones...but the cross of the trendlines which you have drawn correctly, needs to be crossed by the ma. or If you do use my zones, a failed retest, then the break of your trendline will almost get you in on the right side of the zone every time, thus eliminating the reversal trades.

Just jumped the gun...thats all

doji2017-09-21_1356.png

No i don't use doji zones.
Last I knew you were trading ABCD patterns and swore once you go black, errrr stack, You'll never go back.

Anyway. MACD3 traders use to wait for the H1 6ema to cross a S/R before they would consider it a breakout.
They would then enter on smaller tf pullbacks targeting higher timeframe S/R.

So your saying we do the same with the 2sma/trendline, and AO cross?

Hmmmmmm
I could use it as a filter for my ZL/MZ trades.

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