Forex Trading 2018- TA/FA- Setups and discussion, page-3782

  1. 2,131 Posts.
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    The problem with any system that uses averaging of trade positions is that it needs to be applied to pair only when your confident of the weekly direction. Your betting on a move that will run for a month or more.
    Then you need to know when the move is wrong, take the lost and move on. The idea is of course you have made hundreds of pips which are already banked into your account, so you are just giving some a few back.
    That is the price for trading average trade positions.

    This is a pair I MAY go long next week, should be good for the MEME strategy - Long
    I expect a pull back so I need to see how Fridays action works out.
    EURJPY Weekly 12th.png
 
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