A long signal popped up a bit ago on this pair.
Spent today getting Signal Stream uploaded, so I didn't have the chance to post when the signal came up.
Price has moved down a bit against it to test some support.
I prefer price not to violate the other end of the signal bar with this system. If price does not violate, it typically winds up being a much stronger move.
But even if it does, they are still solid, tradeable signals.
Given my knowledge and experience with Signal Stream, I anticipate price will move back up to at least around the 1.3250 area and I will exit the market there. The market looks like it might move higher from there though.
That's just the way I trade it though. You could also run a trailing stop or apply any number of trade management strategies to it.
There are many ways to trade Signal Stream.
Personally I take very small positions and ride out drawdowns. Signal Stream signals have a high chance of hitting their targets even if the market moves in the opposite direction, long after the signal appears.
It's like the market is attracted back to these levels if they don't hit it immediately.
I take small trades across a lot of charts. Even if one pair goes into drawdown, I am pulling in trades off other pairs or markets.
GET SIGNAL STREAM HERE
Spent today getting Signal Stream uploaded, so I didn't have the chance to post when the signal came up.
Price has moved down a bit against it to test some support.
I prefer price not to violate the other end of the signal bar with this system. If price does not violate, it typically winds up being a much stronger move.
But even if it does, they are still solid, tradeable signals.
Given my knowledge and experience with Signal Stream, I anticipate price will move back up to at least around the 1.3250 area and I will exit the market there. The market looks like it might move higher from there though.
That's just the way I trade it though. You could also run a trailing stop or apply any number of trade management strategies to it.
There are many ways to trade Signal Stream.
Personally I take very small positions and ride out drawdowns. Signal Stream signals have a high chance of hitting their targets even if the market moves in the opposite direction, long after the signal appears.
It's like the market is attracted back to these levels if they don't hit it immediately.
I take small trades across a lot of charts. Even if one pair goes into drawdown, I am pulling in trades off other pairs or markets.
GET SIGNAL STREAM HERE
