Welp, I got this one completely wrong. This immediate went the opposite way & went hyper until it stopped me out in like 90 seconds. Thought it was bottoming out & it would pop up a little. Good thing I always at least set a Stop Loss. Not big on take profit targets, I like to let them run a bit. Trying out new indicators I have found & liked so will likely have...
Entered off the MACD divergence & RSI high/ crossing MA. Was wrong on this one and set my stop. Added some new indicators to test. Will continue
Chart showing uptrend continuing after my sale. Linked to my previous video
I entered into USD/CHF when it looked overbought on 5m chart. RSI was high & so was MACD. Notice the double top on the RSI below. Waited for a break below the 14 SMA on the RSI and was a little worried the uptrend would continue as my trade immediately went the opposite way. Bit riskier trade for me, especially with risk/reward ratio only being .54 Hit profit...
Glad I locked in profits when I did. Price reversed and started a small uptrend which would have eaten my profits. See the MACD where it meets the signal line to find equilibrium and then continued up. I could have exited when RSI breached signal line as well for better confirmation but that would have eaten about half of my profit. Let me know what y'all think of...
12/2/2022 EUR/USD 7.67% trade. Tried new indicator to spot reversals. Seems like a coin toss since gave a false signal before my entry; glad I waited. Entered when confirmed overbought and beginning to decline. Went sideways for a bit but was also over the lunch hour. Pulled out right when RSI started to trend upward a little. Might have gotten out early but 7.67%...
I entered this trade, was up pretty good for a bit then trend continued. Should have pulled out but greed set in I guess. Hit stop loss hours later. Added indicator to identify trend reversal which would have allowed me to enter earlier and gotten out when I should have. See my Short Position box and my entry exit points to see where I was during my trade.
Hello, First post here. No audio so forgive me, I am at work. Today is 11/30/2022 Check out my trade on GBP/USD for $52 return on 15,000 lot size. I have made arrows where I entered & also my confirmations on the indicators I am using. Feel free to pause the video & see which indicators I use or message me. Look forward to having more videos & more/better...