monolisa wrote:Similar trade. Today's EURJPY MZ trade.
Lis
cant argue with that
nice
Moderator: moderators
es/pip wrote:es/pip wrote:prochargedmopar wrote:Anybody else take the m5 momo trade long??
long as well
little different reason
out at 134.05
we also had this h1 zl i was aware of--- wanted to get the h4 target ---
es/pip wrote:aliassmith wrote:Stage 1: 1 lot at 1.6312 58 pips
Stage 2: 2 lots at 1.6297 73 pips
Stage 3: 4 lots at 1.6288 82 pips
and out at MZ of 1.6370 about 15.5%
This is how I build a position using the H1 charts
nice trade
what was the 1st entry at 1.6312 based on?
aliassmith wrote:es/pip wrote:aliassmith wrote:Stage 1: 1 lot at 1.6312 58 pips
Stage 2: 2 lots at 1.6297 73 pips
Stage 3: 4 lots at 1.6288 82 pips
and out at MZ of 1.6370 about 15.5%
This is how I build a position using the H1 charts
nice trade
what was the 1st entry at 1.6312 based on?
es/pips,
I build my position with stage 1 being placed at the open of the next candle after a momo candle. That takes care of when the price just breaks and runs like hell. Stage 2 is at the 50% level of the momo candle and Stage 3 is at the 75% pull back of the momo candle.
It makes it easier for me to get into a position without worring if I am entering correctly. I developed it when Mightyone told you to break your order up.