Thread: SAFE - KISS

Originally Posted by ;

My view of GBP/CAD Ralffe where are you? Your thoughts are missed by us!

https://www.nigeriaforextrading.com/...ut-system.html

Originally Posted by ;

My opinion of GBP/CAD Ralffe where are you? Your ideas are missed by us! Edit: Maybe the next one is correct? image image

First chart makes sence for me. Uptrend TL is set after which price made new HH.
If I was in Buy trade I'd close at a half place after daily bar moved entirely below this line.

On the next chart I would not place major uptrend TL like you did because there is no new HH.

A number of recent bars may be believed to be a pullback for downtrend, therefore second chart is rather good to help with new trade decision within next few days.

Only my thougts

Originally Posted by ;

quote Initial chart makes sence for me personally. Uptrend TL is set and then price made new HH. If I was in Buy trade I would close at half position after daily bar moved below this line. On the second chart I wouldn't place major uptrend TL like you did because there's not any new HH. A number of recent bars may be considered therefore chart is best to help with new trade decision within few days. Just my thougts

You are totally perfect. Thank you

Here is the right one. Sorry but I m posting from telephone

Originally Posted by ;

quote . . .isn't it too steep? picture

I don't think, it is something similar to a 45 degree angle

Anyhow, your trendline must act as a dynamic support in an uptrend... not resistance

Originally Posted by ;

quote . . .isn't it too steep? picture

Seeing it a little different. But we'll see.

I' am in EUR/JPY, Searching for add positions

Discount TP and SL pls

Edit: Closed. I see a lot of indecision and no momentum within this moment.

Originally Posted by ;

I''m in EUR/JPY, searching for add positions image

Possible inverted Head and Shoulders?

I Might be wrong but I see a Possible Harmonic Pattern

Originally Posted by ;

quote . . .isn't it steep? image

My understanding is that TL shouldn't be too steep when it is just placed to allow price to move from the direction of the trend, not generate exit sign too early by little pullback.
Afterwards while trend is progressing you move right side of TL based on major pullbacks, therefore TL becomes increasingly more steep ordinarily.

Attached chart shows already well established uptrend and TL doesn't look steep.

Originally Posted by ;

I' am in EUR/JPY, Searching for Include positions Ignore TP and SL pls Edit: Closed. I see indecision and no momentum within this moment. image

Always trust yourself and do not be greedy.