Hi Stuart,
I would suggest you only trade a few pairs. I personally like the JPY pairs, so I primarily trade them. Others like the USD pairs or the CAD pairs. Focus only on a few and, as you noted, learn how they move, either slowly or fast. The GBP pairs are the most volatile and many traders love this as you can make quite a bit due to their large pip movements. See the screenshots of a few pairs below. Decide what is your style of trading. Also, which timeframes you prefer, and then stick to that.
I wish you all the best and great success trading with the XU-Hybrid system.
Warmest regards,
BeatlemaniaSA
Dear BeatlemaniaSA,
Good day to you.
My primary entry rules is based on XU-Hybrid 4.0. RSI MA and CCI (Higher time frame) are supplementary.
Currently, i am using a demo account.
On 2022.08.08 I went short on AUDUSD (Daily Timeframe). Next day, market pulls back to the upside, a bullish bar that closed above the previous day's high.
Is there something that i need to take into consideration before taking this trade?
What i need to do when the candle turned bullish and closed above the previous day high?
I sincerely hope to hear from you.
With heartfelt thanks.
Sincerely,
Stuart
[attachment=1]AUDUSD@2022.08.08.jpg
