There was a SELL signal on AUD/JPY today. Despite the fact that both the upper and lower wicks are equally as long as each other (which indicates indecision), it still looks like a decent setup to enter, (primarily due to the smooth Stochs, and helped by the similarities shown in the AUD/USD short).
Hi Ash,
Where you will put SL and TP on AUD/USD ?
SL on the candle before or on 0.9327 and what about profit ?
According to the system this is your exit: If the day, or any consequent day, has closed in your direction (i.e. you’re in profit at the end of any given
day), then close half your position & move SL to break even. Close the other half once either the AO or
PSAR turns the opposite colour/direction. Only exit at the candle close.
According to the rules I believe the SL should be above the previous high, or about .7640 area.
Cheers,
MIke.
Mike is right.
Swiss, you should have set your SL at the swing high, as is stated in the official rules in the PDF. You wouldn't have been stopped out, and you would be in guaranteed profit by now.
Don't worry about it, we all make mistakes. It's how everyone learns - experience.
NZDUSD LOSS
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