You're doing so well with it man. This is a great threadeconome wrote: Thu Jan 03, 2019 12:45 am Just came back to this - as stated above - now has reached more than 1:4 risk to reward. At no time has there been any indication whatsoever to buy since the entry.
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Awesome update. How were your trades during the flash crash? Were you in any trades at the time?econome wrote: Fri Jan 04, 2019 10:45 pm Yesterday's trade was a clear 'no entry' from the Schaff Trend Cycle, tempting though it was. The long trade was precluded by our friend, the MultiInfo, but could have been entered after the news, on the fundamental basis.
There was one late opportunity to enter the uptrend, which I've marked, but it was out of time (16:15 GMT entry) and needed exiting clearly at the after hours doji.
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Today's long was not an entry as the Multi-Info remains short. It's a continuation long from the bearish USD news yesterday.
There may be a short set up in the next 60 minutes, but I am very cautious given it is Non-Farm Payroll day, and the employment numbers yesterday were down (market has been thinking the same thing.
Will likely be out of the market 20 minutes before Non-Farm Payroll, no matter what, unless the short gets triggered and can move a stop at BE+20 or more, which is unlikely.
AUDUSD and USDJPY are offering better volatility right now, so reports to email are saying.
Great, many should think like you and give their knowledge back to the members here.econome wrote: Sat Jan 05, 2019 1:21 am Hi ChuChu,
Do you mean the other evening? I was short during the day, but normally close around 6 pm at the latest. I only got 1:2 instead of about 1:30 risk reward, because I was too busy with beginning of year.
There was an easy non-farm payroll short that is live right now, given the small reaction, might as well traded it, since it turned into a valid signal.
I am in a 'free trade' short now, with stop at BE+1 going for 40-60 pips this afternoon. Otherwise, ending the week.
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Econome