DISCLAIMER: Trading Forex involves risk and you may lose more money than you started with! These posts are not to be taken as trade recommendations or financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART!
Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.
@BALE_FX, The overextension you're showing here is on a 1h Heikin Ashi chart, whereas the overextension I was pointing out was on the 4h Renko/D candlestick charts. Which do you think works better for determining whether or not a significant correction may come? The 1h chart, or the D chart?
BALE_FX
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@Chris.cellura see the 4h time frame and see that it respect the 50ema line and still very much on uptrend
BALE_FX
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I used 1D and 4h mostly but I enter my trade from 1h all I do is look for pull back on smaller time frame to join the main bigger time frame w
BALE_FX
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Trend
BALE_FX
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Distance between ma don’t really matters
BALE_FX
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Remember eurnzd is still very much on up trend. There is always going to bell back before trend continuation