Disliked{quote} since u mention GBPUSD, i saw a setup from yesterday. {image} 1st, is this valid setup? 2nd, how do you respond to that movement? cheersIgnored
I manually close the trade if candle closed between triangle.
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Killer B 71 replies
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Disliked{quote} wouldn't that one be stopped out by the touch of the flat line at the top? {image}Ignored
Disliked{quote} since u mention GBPUSD, i saw a setup from yesterday. {image} 1st, is this valid setup? 2nd, how do you respond to that movement? cheersIgnored
Disliked{quote} No, the as per strategy, I do not set SL, but manually close the trade if candle closes between triangle. The SL should be 5 pips away from the candle not touching the 6EMA OR manually close the trade if the candle closed between triangle BTW GBPUSD trade closed in profit at 1.4160Ignored
Dislikedthanks for the answer abhirag. and thanks for the tip, MichaelSch. about your suggestion to look on lower TF, which TF u recommend? is this strategy works in lower than H1? (bcos from abhirag's rule, he use only from H1 to W1). cheers.Ignored
DislikedI signup to Forex Factory just because I want to make this post. I have tested abhirag Killer Strategy a few days ago. This technique is very simple, easy to setup and the accuracy is very high to win the trade. I just follow the rule and trade in H1 TF. I have nothing to comment except trading with real money by next week. I big thank you to abhirag for his excellent contribution. As for newbie, this technique really powerful. {image}Ignored
Disliked{image} Wait for current candle to close below the line and then set pending sell order...Ignored
Disliked{quote} Hi abhirag, I have a question concerning the picture from post 136. You said that you wait to close below the line and then set pending short. This is correct and following your rules. But ... If I watch at post 22, for example, in about the same situation, you didn't wait for closing below the line, you went directly long at touching the line. OK, you said that if the candle would go below the line you would close with a loss. But this direct entry isn't per your rules, and it's kind of aggressive. Why did you thought that you have a chance...Ignored
DislikedHi abhirag, Concerning the example of the last trade on GU, here it is one more situation when a good resistance line can be obtained from the triangle ( green lines are from H1, violet from H4 ): {image} CheersIgnored
Disliked{quote} Agreed.... my main objective is to let everyone get the basic idea of trade setup, you may modify it according to your style....Ignored
DislikedHi abhirag, Concerning the example of the last trade on GU, here it is one more situation when a good resistance line can be obtained from the triangle ( green lines are from H1, violet from H4 ): {image} CheersIgnored