I would appreciate if you leave a comment or like as a thank you Allen
Order cancelled
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Although this pair pulled back, it did not reach out trigger and has now broken out to the downside invalidating the trade.
Order cancelled
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Even though I cancelled this order, it did pullback but literally 1.3 pips from our entry. This does happen when trying to be precise with pullback trades. However, i rather miss a trade then pick a bad level.
thanks for sharing very generous , please explain a type 1 and type 2 trade gratitude respect
AGold54
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@amk12, A type 1 trade is a trend continuation trade. Usually, but not always, it will have 2 potential entries, a Breakout and a pullback. A Type 2 trade is a short term trend reversal trade. Hope that helps :)
On a 10 day trend, (240 period Bollinger band on a H1), GBPAUD selloff appears overdone. We saw the previous break below the BB Low at 1.7865 and the most recent break went to 1.7900 and is starting to reverse from there (on the way up now from a oversold point, and potentially making a higher low).
AGold54
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@Skucchal, Sunell, I agree in part. if you notice I only was taking the pullback trade,no breakout, as the market was extended (BO extended). That said, I have learned that the market will run beyond all sanity, so I will stay with a trend till it has reversed...I no longer speculate on when it ends