Hi, if someone can help me place my stop loss on the Japanese fan, I will truly appreciate that.
Thanks a ton.
Thanks a ton.
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DislikedAgain can anyone pause from making money to answer? I got low to low part but, what next?Ignored
Disliked1st screen shot, had to zoom out some to include the 2 candles I chose. The white lines are the decision lines and light blue target lines. 2nd chart is zoomed in to show the confirmation candle. What'd you guys think? Based on this we have a long condition up to 1.9790 pretty easily.Ignored
Disliked1st screen shot, had to zoom out some to include the 2 candles I chose. The white lines are the decision lines and light blue target lines. 2nd chart is zoomed in to show the confirmation candle. What'd you guys think? Based on this we have a long condition up to 1.9790 pretty easily.
Oops. The fib level low on the charts should encompass the low's. My mistake.Ignored
DislikedHi, can someone please help explain this failure? This can be considered a failure as there is no way to justify a drawdown of 800 pips to gain about 100.
Thanks.Ignored
DislikedThe blue arrows are the candles that have been selected and the red arrow is over the candle that triggered a long trade.Ignored
DislikedHi, can someone please help explain this failure? This can be considered a failure as there is no way to justify a drawdown of 800 pips to gain about 100.
Thanks.Ignored
DislikedI know Scotty mentioned to try and not pick extreme highs or lows, but whatcha think?Ignored
DislikedHello everybody,
I haven't been on for a while. I have family visiting, and have been away from the good old factory. Okay some notes. About stop losses, I don't use stop losses but I do manually exit trades that reverse direction on me. Sometimes what will happen is, you will get a long signal like the example posted, and it goes against you for a while. I think a safe SL location would be past the opposite target line. I say this because sometimes it will go to the opposite target line then reverse, but then sometimes it get way away from the fan itself. In those instances get out of the trade and go with the trades in the other direction, but keep that upper original target line in place so that you can take advantage of the huge ride back to that target. Sometimes that best trades can be ones that go against you. search the charts for those candles that defy the fan and take advantage on the big rides back. It always comes back, but no don't wait for 100 pips after an 800 pip DD.
As for candle spacing, I like to space things far enough apart so that the angles the lines make are nice and low.
Keep posting your trades folks, let get the fan in action some more next week!Ignored
DislikedOK looking at the pound yen, I am now short to 205.85. Justification for this trade is based on a modified Japanese fan, what I call the Japanese butterfly.
I'll type out all the instructions later, detailing the technique then.Ignored