Here's an example of a long EURUSD trade that I've been in since yesterday. I realize the bias showing a currently profitable trade, but nobody likes to see a system that does not show results that they talk about. Note, I do have losing trades like anyone, but the average R:R and swift-loss-cutting money management helps me keep things sane. I am a part-time trader, looking for opportunities mostly on larger time frames, I suppose you can call me a swing trader, but my trades can sometimes be day trades.
Had some free time and was in a good enough mood to post a mini-lesson of some sort :) Hope it's useful.
Comments
metalhe4der
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{Update: Stop has been moved to 1.29444}
QuantitativeExhaustion
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looks like our current area has some confluence ... not bad
metalhe4der
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By confluence, are referring to the recent pin bar with bullish follow thru and a supporting MA? Or something else or more specific? Confluence is definitely always a good decision making factor.
QuantitativeExhaustion
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confluence is stong or weak support/resistance lines .. stockta.com/
metalhe4der
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ahh ok, so in this case you are referring to the S&R...gotcha.