Hi Rico my current stop loss is at the 20EMA at 85.00. Because the pattern breakout wasn't a strong one, I'm guessing a backtest might occur below the support line.
Hi Rico, for AUDJPY if you want a tighter stop loss then wait for a swing low to appear on the Daily chart based on TFG 10/20EMA and place your stop loss just below the swing Low.
Hi Rico, I'll try to reply to u as quick as I can but I'm usually out to work early n back late. I'll find pockets of time to reply u.
The cup n handle pattern or inverted cup n handle pattern are both great patterns to trade. You might want to go to thepatternsite.com to check out.
I learnt...
Hi Rico, I'm currently Long CHFJPY. Cup n Handle pattern. See if u can spot it on the daily chart.
I'm also Long AUDJPY. It's a double bottom pattern. Both were triggered yesterday n today.
Cheers.
Hi EVERYONE, I'm Raspy! I'm not new to trading. I was searching for an alert system for candlestick patterns and helping another friend when I came across THE FOREX GUY. So I decided to sign up and I'll see what I can contribute and gain out of it as well :))
I have been trading using...