FX:AUDUSD   Australian Dollar / U.S. Dollar
42 6 0
How do you think about this ?
Good candle on the daily for me to sell. Good luck :D
what do you see in this chart that says go short, not long
or not stand aside ?
note.natrong dojitrader
I see the engulfing and inside bar.
dojitrader note.natrong
More questions if you're interested ???
Are there any other reasons that support this idea
or are you only using candlesticks ?
(such as support/resistance that is weak or strong - rsi divergence - harmonic patterns
- wave count - fib retracement/extensions ?)
Do you find that 1 engulfing candle is a strong enough signal ?
Have you considered using the inside day candle to signal a breakout
either short or long, before, you enter a position.
Is your risk to reward greater than 1:1 assuming a 50% win loss ratio
that would be needed to break even ?
{it looks like you're using 2 positions ? the first is less than 1:1 which is
probably unrealistic needing a win/loss of 70% just to break even}
These are all the things I would consider for a valid trade that has an edge.
Thanks for your thoughts ~~~~~~
Wishing you lots of pips in your pocket for 2015 !!!!!!!!!!!!!!!
Teddy dojitrader
good advice.
note.natrong dojitrader
Thank you so much for my Beginner.
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