The first arrow on the 240 is really far back but it looks like a level that price is keying in on.
Behind the second arrow price reacts, there are two stalling bars, & then a pinprick.
Since the weekly lines are 8 times larger than the M30 lines it is easy to get out of a trade with
less than a half of a line as a loss so I feel that I can take more chances.
This is not an SSG, as there is no close, it is more like a return to the previous SSG short...
or maybe I am bending the rules
How to be a MOnster
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Re: How to be a MOnster
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Re: How to be a MOnster
IgazI wrote:The first arrow on the 240 is really far back but it looks like a level that price is keying in on.
Behind the second arrow price reacts, there are two stalling bars, & then a pinprick.
Since the weekly lines are 8 times larger than the M30 lines it is easy to get out of a trade with
less than a half of a line as a loss so I feel that I can take more chances.
This is not an SSG, as there is no close, it is more like a return to the previous SSG short...
or maybe I am bending the rules
Mira.png
SSG is about close and a breakout that gives you the direction, if I’m not wrong.
Your trade looks like a return to the pattern, that is all we are trading here
Nice one
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Re: How to be a MOnster
forexmoney wrote:SSG, what is it?
SweetSpots-Gold.
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Re: How to be a MOnster
LeMercenaire wrote:forexmoney wrote:SSG, what is it?
SweetSpots-Gold.
Thank you !
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Re: How to be a MOnster
forexmoney wrote:I am sorry what are EIGHTS?
By my understanding, it's a variant of SweetSpots-Gold, with the difference being in the trade management but I am sure there are those here who can fill you in on the specifics.
It's actually the Eights v5 indi that's on the UC chart.
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Re: How to be a MOnster
LeMercenaire wrote:forexmoney wrote:I am sorry what are EIGHTS?
By my understanding, it's a variant of SweetSpots-Gold, with the difference being in the trade management but I am sure there are those here who can fill you in on the specifics.
It's actually the Eights v5 indi that's on the UC chart.
thank you Lem
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