then this EU short on a 1h:
EDIT: in fact this trade was clear on 30 min, not 1h
added another pic.
EDIT: in fact this trade was clear on 30 min, not 1h
added another pic.
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DislikedHi guys, im a follower of this thread, but I have an observation which is weird... but learning forex we learn to use candlesticks and are steered away from "line" because the candelstick shows more info. I just think that without all the noise on the line chart we can better see where the price is going and can probably create or improve existing strategies,,Am I the only one thinking this??Ignored
DislikedI just think that without all the noise on the line chart we can better see where the price is going and can probably create or improve existing strategiesIgnored
DislikedAre you saying you agree with leaving candlesticks off of the chart, or are you trying to put them back on the chart?
I'm not going to tell you what you can and cannot post in the thread, but I don't believe Bill had discretionary rules based on candlestick patterns in mind when he started this.Ignored
Dislikedhe said "that without all the noise on the line chart we can better see where the price is going and can probably create or improve existing strategies". Then he said if he was the only one wich had this idea.
there is a member at Forexfactory.com that had this idea and opened a thread about it, his nickname is billbs and this is the thread.Ignored
Call them filters if you want, but I think they just make sense.
DislikedFebruary
16 W
15 L
March
30 W
26 L
April
16 W
5 L
Total = 82W / 58L
58.6 % W
41.4 % LIgnored
DislikedFinal trading day in October, let's see what happens!
U/C sell on the 30m. 2xATR = 38 pips
edit: stopped out -- chart updated.Ignored
DislikedI've noticed for a few trades that Cos you often took these very "fast" set-up.
"fast" means that the setup from beginning to end is very short, say only 1 or 2 hours, that makes the setup less significant. Considering the setup is formed near the end of day(i see it is close the vertical dash line?), it is even less significant.
On the other hand, to me, the white line and circles demonstrate a far more significant set up with larger price movement. and two possible entry levels indicated by blue lines.
my 1 cent tho.Ignored
DislikedThat brings my October records to 16-11 (59% winners, average win = 1, average loss = 0.922), with three of the losses as partial losses (closed early due to weekend). Expectancy was 0.217 and monthly return when using fixed fractional MM of 3% yielded 17.8%. The equity curve looks like shark teeth.Ignored
DislikedAs for your suggested trade, the valleys on the left side do not line up, so I did not count it as a trade (I'm pretty sure this is an original stipulation of Bill's from day 1).Ignored