Risk tolerance is different for all people, so it is really up to trader how to exit. Me personally, I am usually happy 30-50 pips and sometimes riding longer, but I am very familiar with this YEN-MIRROR, I made it from another indicator like long time ago, so I can even sometimes take counter trend trades, because I know what these MA`s do, but anyways, and if you want longer YEN trend like weekly, put 1440 in M5 and there you have it.
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Re: YEN Trading M1
FBI, Sat Jul 21, 2018 2:05 am
So that yen-mirror shows daily (1440 minuites) trend for all these pairs, when they are above the price, it is down and vice versa, and when down and under bfg, yellow indi, then signals from that stoch, could add there where cadjpy makes turn in usdjpy price.
Risk tolerance is different for all people, so it is really up to trader how to exit. Me personally, I am usually happy 30-50 pips and sometimes riding longer, but I am very familiar with this YEN-MIRROR, I made it from another indicator like long time ago, so I can even sometimes take counter trend trades, because I know what these MA`s do, but anyways, and if you want longer YEN trend like weekly, put 1440 in M5 and there you have it.
Risk tolerance is different for all people, so it is really up to trader how to exit. Me personally, I am usually happy 30-50 pips and sometimes riding longer, but I am very familiar with this YEN-MIRROR, I made it from another indicator like long time ago, so I can even sometimes take counter trend trades, because I know what these MA`s do, but anyways, and if you want longer YEN trend like weekly, put 1440 in M5 and there you have it.
