just added a re-cap of todays trades, losing day but still up for the week....
http://www.nakedforexnow.com/showthr...ll=1#post10645
http://www.nakedforexnow.com/showthr...ll=1#post10645
tradewith60
Something a little different 21 replies
Widely different ADX values from different accounts 2 replies
Different Pivots with different brokers 2 replies
DislikedIf we reduce the number of inputs the mind has to deal with we can make better intuitive decisions - if our entries are essentially a coin toss then why waste our brains ability deciding when and where to enter?.... build a simple repetitive entry system, based in logic, based on what the market does everyday, and then use your brain power to make good exit decisions.... Thats Flow trading strategy.Ignored
Disliked{quote} Aha! So here's where the open minded gather. Many thanks for spreading the word, 60minuteman. Will follow with interest.Ignored
Disliked{quote} Hi EternalNewB; The line in the sand is set at the previous days close. Sell below this level buy above.Ignored
DislikedHi 60minuteman i have a question? what do you suggest? 8 candle hi/lo breakout as you use in one hour chart? if i have to use same strategy in daily or 4hr chart what candles breakout should be considered as entry point? thanksIgnored
Disliked{quote} Harry made you a vid... sound is a bit quiet im afraid https://www.youtube.com/watch?v=POAz...ature=youtu.beIgnored
Disliked60 I have a Q if you don't mind your SL is always below (above) the "line in the sand", no matter how "high" (or low) you open your trade am I right ? if that is the case then I think your trade becomes smaller and smaller as the market moves into your direction no? how much below the low you put the SL ? CheersIgnored
Disliked{quote} hey EB... I do put my SL the other side of the low/high for the day and the line in the sand..... but you don't have too. Essentially I am advocating a wide stop, so you can use whatever is comfortable for you. Apparently 3ATR is optimal, but that is just what I have heard fro "pro" traders.... Seems feasible to me. I always use the same lot size no matter the size of the stop - I know that is very contrarian, but I like contrarian, the 'rules' of trading are largely bull and largely based on fearIgnored
Disliked{quote} Thanks 60mm One more maybe? let's say price is below the line and you are selling, you have a PO below the 1hr candle but the next 3 bars are bullish, your PO remains below the lowest one or you move it up with each closing bar ? e.g. {image}Ignored