Roncriss
Long

Is AUDUSD Still Bullish?

FX:AUDUSD   Australian Dollar/U.S. Dollar
142 9 4
a year ago
I Think AUDUSD             is Bullish in a channel so am looking for pullback or consolidation back to bottom of the channel and BUY.


My buy setup will be around 0.70426 where i believe there is a support
a year ago
Comment: Updated BUY order

snapshot
timwest PRO
a year ago
Can you wait until it reaches your entry level to publish your chart? That would be easier :-)
Reply
timwest PRO timwest
a year ago
What about a stop loss? 1/2 the distance to your target?
Reply
Roncriss timwest
a year ago
Here is buy target and stop loo
Reply
Roncriss Roncriss
a year ago
snapshot
Reply
timwest PRO timwest
a year ago
If you used 1/2 the distance to your target, you'd have made the profit. Ugh
Reply
Roncriss timwest
a year ago
Okay,Thanks
Reply
timwest PRO Roncriss
a year ago
If you put your stop too close, like that, it will get stopped out often. If you use a wide stop you stand a much better chance. The rules for 3 times the stop are BS. Those are just manufactured numbers that have no base in reality.
+1 Reply
timwest PRO timwest
a year ago
And you put 5.79 reward/risk ratio in that trade setup. That is way too much upside potential for downside risk. If you were right 30% of the time, you'd own the world in no time.
+2 Reply
Roncriss timwest
a year ago
That was a worse R:R, I will work on risk/reward ration.I appreciate your advice
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out