DislikedI use IBFX Metatrader which gives me a 4 hour Sunday candle.It is always a small daily candle.How would you handle this? Fold that Sunday price action candle into the Friday candle?Ignored
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DislikedI use IBFX Metatrader which gives me a 4 hour Sunday candle.It is always a small daily candle.How would you handle this? Fold that Sunday price action candle into the Friday candle?Ignored
Dislikedthe only concern is one month records might not sufficient since the past few weeks happened to be trendy. you really need one year on several major pairs to be sure. but anyway this system appears with great potential resulted from your hard work.Ignored
Dislikedever thought about stacking additional positions as long as the trend is moving your way? the profit potential if it works out is enormous.
what I suggest is doing it like this:
when the stop of your first trade is at BE or in profit, place a new pending order above the present price.
do it in such a way that if the new candle is against the trend, it is not likely to trigger the pending order. suggest price + 1/2 the average daily movement.
suppose 14-day ATR = 100 pips; price at the start of the day = 1.3000
at the start of the day, place...Ignored
Dislikedis there a reason why you limit yourself to a maximum of 3 positions?
doesn`t seem logical to me.
as long as all your trades are @ BE or better, you can only lose on the last trade.
and sometimes the trend is so strong, there are really no pullbacks.
why not milk the trend for all its worth and the more positions the better, provided they are at BE or better.
I know it works.......Ignored
Dislikedis there a reason why you limit yourself to a maximum of 3 positions? doesn`t seem logical to me. as long as all your trades are @ BE or better, you can only lose on the last trade. and sometimes the trend is so strong, there are really no pullbacks. why not milk the trend for all its worth and the more positions the better, provided they are at BE or better. I know it works.......Ignored
DislikedVery nice thread. I use a similar system but with heiken-ashi candles for clarity.Ignored
DislikedBeautiful and simple system there Max, gonna try it out this week, will report back here. Keep up the good work buddyIgnored
DislikedI use a 10ema 21 ema and a 50 ema system-----I like heiken-ashi candles since they tell me the average price and signal trend changes before a cross many times. A doji on a heiken-ashi chart is to be respected and can be used to lock profits while waiting to see if the trend carries on or reverses. When I have both the 10 ema and the 21 ema crossing the 50 ema there is no doubt as to what the trend is.Ignored
Dislikedhello folks,
AUD/USD - period 1 Sept 2011 - 4 Oct 2011 - high 1.0764 - low 0.9387
can you devise a system for this period where entry, exit and SL are consistently used and be up more than 1,000 pips for this period?
I hope a lot of people take the challenge and the one with the most pips will be the winner!!!
good luckIgnored