Hi Jaquemate,
Thanks for ur effort.Your system is working on 1H time frame.So will u look for large Time frames for SR?or blindly following 1H only?Post #23 leading kumo showing bearish trend but still u r looking for buys....
Hi Jaquemate,
Thanks for ur effort.Your system is working on 1H time frame.So will u look for large Time frames for SR?or blindly following 1H only?Post #23 leading kumo showing bearish trend but still u r looking for buys....
Hi negi29. You are wellcome. Thanks for question and thanks for your words. For me all is relative. If you see the this basket buy order put at one crosses single chart what do you see?. Up trend?. Down trend?. Range?. I see a little range inside an Up trend. Could be turn at Down trend today or next Monday?. Can be. I don’t know. The most important thing of this system (and of all system I think) is minimize loss and let run profit. If i buy and a Down trend is starting there is no problem. I loss this position with -50 or -100 or BE at retrace. But if price go up my reward is almost +220 at first position and could be ilimited at second position. R.R??. Regards.
Attached Image (click to enlarge)
That which you give to others, life will return it in spades
If i had dont closed the first sell position opened today i would be in profit now. But i prefer minimize loss and wait for another oportunity.
Regards.
That which you give to others, life will return it in spades
Hi Jaquemate,
Thanks for ur effort.Your system is working on 1H time frame.So will u look for large Time frames for SR?or blindly following 1H only?Post #23 leading kumo showing bearish trend but still u r looking for buys....
Yes negi29. i look for large time frame for have and hindsight and look one single crosses to see exactly where i put the order.
Regards.
That which you give to others, life will return it in spades
can you offer a template or at least the setting of your indicators?
This system will surely work in trending markets. How are the results during sideways markets?
How long are you trading this method?
Hi joker24. Indicators and settings are not important. Indicators are only a help. the Key is find a good system of entry and exit whats brind you a good R:R.
You must minimize loss and let run profit. All trending system not works at sideways markets. Its obvious. But the important is minimize the loss at this time. If i closed the position always when range is broken then i only loss 40, 50 or 100 pips. If i wait for a retrace after breakout i close at BE most times. It not happens at every crosses but its happens most time in a Basket chart.
Today is an example. 3 trades, all closed at BE. Where is the loss?. Today no loss at moment. If price go Down strong i loss an opportunity but i protect my capital and search for another opportunity. Thats all.
No make things difficult. Forex is so simple. Not easy but so simple.
Regards-
That which you give to others, life will return it in spades
I attached templates and indicators.
Basket V.6 for created basket chart.
Ichimoku settings (5,10,20). I only interesting at clouds. Rest is no visible.
21 EMA help too.
Regards.
Joined May 2011
|724 Posts|
Status: If you think I'm mad, I must be mad
Graphical explanation helps a lot.
To clarify ....
You set a range the when you get a close outside that range you set a new range even if it is above or below previous range and even if you are in a sell or a buy mode.?
At 12. you buy below the cloud ... is that because the range bar closed above? ... you still consider to be in an uptrend
You are using the 'kos' chart to trigger a B/S and then entering a basket of trades ... all opened and closed at the same time?
You set a range the when you get a close outside that range you set a new range even if it is above or below previous range and even if you are in a sell or a buy mode.?
At 12. you buy below the cloud ... is that because the range bar closed above? ... you still consider to be in an uptrend
You are using the 'kos' chart to trigger a B/S and then entering a basket of trades ... all opened and closed at the same time?
Thanks
M.
Hi futurespec:
See the chart please. It explain better.
More late i explain how configure chart.
Regards.
Attached Image (click to enlarge)
That which you give to others, life will return it in spades
Well closed Sell position at -145x2 = -290 pips of loss. Finally i dont wait for retrace cause bar was so strong and it could be a trend change.
Today 4 trades: 3 BE 1 Loss.
We are in an UP TREND.
Regards.
Attached Image (click to enlarge)
That which you give to others, life will return it in spades
