Kolachi Method of Trading - page 121
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Is there anyone who can tell me which way this consolidating market is going on?
3x trading lots closed at 1.3330 = +300pips
1x trading lots closed at 1.3300= +31pips
Total +331 pips
regards
Last trade closed at BE0 pipsBased on 4h chart i see euro near to 1.3500. I start selling at 1.3361 and if trade will be against of me 1.3430 3x and at 1.3500 5x down. At this stage my opinion is that noone MA can give us confirmed signal. regards
Hi,
At the moment I prefer to step aside. I don't feel that confident and I don't martingale.
Do you use any news source to confirm the momentum and direction of the trades?
I look forward to your posts, and I feel you are really good. Although I still can't realise how you managed to exit at BE with last sell trade at 1.2980. You said you wanted to martingale. I did the same trade and exited at 1.3160 with a loss.
Regards,
Wojtek
Regards,
Wojtek
I entered again sell 1.3400 with 2x trading lots. In this time of progress i dont use at all MAs as they are fully useless. Untill now 5wma at H1 chart has given 3 fake slopes. I use 2 major trendlines and resistence levels to enter and exit trades as well as 21ema which i consider more reliable that 5wma.
Regarding last trade i moved SL to BE when i was 30 pips in profit
Stay tuned
Hi,At the moment I prefer to step aside. I don't feel that confident and I don't martingale.Do you use any news source to confirm the momentum and direction of the trades?I look forward to your posts, and I feel you are really good. Although I still can't realise how you managed to exit at BE with last sell trade at 1.2980. You said you wanted to martingale. I did the same trade and exited at 1.3160 with a loss.Regards,WojtekRegards,Wojtek
Last trade closed at 1.3370
2x30pips= + 60 pips
Regards
I entered again sell 1.3400 with 2x trading lots. In this time of progress i dont use at all MAs as they are fully useless. Untill now 5wma at H1 chart has given 3 fake slopes. I use 2 major trendlines and resistence levels to enter and exit trades as well as 21ema which i consider more reliable that 5wma. Regarding last trade i moved SL to BE when i was 30 pips in profitStay tuned
I decided to place 3x lots here becouse it is a DAILY resistence and there was a big probability price to reverse. Dont forget that we saw a sharply uptrend for 400 pips
regards
Last trade closed at BE0 pipsBased on 4h chart i see euro near to 1.3500. I start selling at 1.3361 and if trade will be against of me 1.3430 3x and at 1.3500 5x down. At this stage my opinion is that noone MA can give us confirmed signal. regards
I forgot... areas around round numbers are strong psychological supports and resistances i.e 00 and 50. As you noticed apart from daily resistence price hit area of 1.3450. It went up to 1.3454
regards
sell again 1.3361 3x lots TP around 1.3000
sorry TP 1.33000
sell again 1.3361 3x lots TP around 1.3000
Trade closed 1.3315,
3x46=+138 pips
Enter buy 2x lots TP 1.3385
regards
sorry TP 1.33000