GBP/JPY : BUY 07/29/2016

FX:GBPJPY   British Pound / Japanese Yen
160 6 3
Trade active
Trade closed: stop reached: Need Learning more about Price Action and Good Entry...!!!!
Hey man, actually we think that was a good entry, had nice candle formation, and support, but the stop was to tight ! try the 2ATR stop or a well placed structural stop ! Nice analysis though
UzumaruKizuki CortesTeam
Thanks.. :)

Sorry I dont understand with this "2ATR"???
what is the meaning??
CortesTeam UzumaruKizuki
A classic but efficient way of setting stops is with the ATR indicator, you can find it in the indicators library, so what you have to do to configure it is the following:
1. Set the ATR (Average True Range) in the chart layout,
2. Set the ATR with 7 Periods like your RSI
3. And when you see an Entry (Long or Short) you take the previous low or high and add the ATR number to that high or low

UzumaruKizuki CortesTeam
Ahh... I see..
Ok thanks for that suggestion... :D
it's helpful for me
CortesTeam UzumaruKizuki
Hey one question, where did you learn to trade forex ? who taught you?
UzumaruKizuki CortesTeam
I'm started trade forex 3 months ago first week May
I'm learned from youtube, google and from this site (Tradingview)...
Nobody taught me, I'm learning by myself.. :)

I'm Learned from other people in here which the chart they shared it, and how they make analysis in FOREX???
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