If you trade like me, you'll be homeless and broke within a week.
Goldilocks All Time Return:
-28.2%
Simple Monthly System (see attached calculator) 48 replies
Excel simple risk calculator needed 10 replies
what if every free system is attached to a trading explorer? 28 replies
If it's such a great system, why isn't there a Trade Explorer attached? 261 replies
Simple Fx Calculator 1 reply
DislikedOf course, it doesn't always present like the example above, sticking with the CAD, which we now know was STRONG By the time we get to Thursday, the Weekly Master Candle is huge RED already And conveniently, the price is breaking the previous weekly low, the Mon Tue low Not to forget a very nice Inside Day on Wednesday, fractal levels, the round number at 1.52 What more do we need? Put some MA's on there did you say? {image}Ignored
QuoteDislikedThe highs and lows of Monday and Tuesday often form the low or the high of the week
DislikedHi Simple Monday Tuesday community, I have just read the first post of this thread and not sure if what this first post says is what 4ecstasy wanted to say. It says that: {quote} And based on what I read in the lines below that text, the system relies on entries triggered by price surpassing those levels. Am I right? So that "often" word combined with entry points outside no-common levels (so to speak) makes sense? It sounds like trying to trade counter commonly maximum and minimum prices of the week. What chances of beating those levels we have...Ignored
Disliked{quote} I don't see it like that especially after viewing the Inner Circle Trader videos where he says to be alert for highs (or lows) on Mon, Tue or Wed even They form the Wick of the Weekly candle, so why wouldn't they often be the high or low of the week? The first chart I looked at has 2 examples; high is made, reverses, a breakout of the Mon Tue low Can you see it? {image}Ignored
Disliked{quote} And that is what I'm after. If Monday, Tuesday or even Wednesday have most of the times the low of the week (not sure whether that's true), then trying to make a profit for a short trade below that level does not make too much sense. Because as you states there, the low most often will be done from Monday to Tuesday and not after, and is after when you were trying to make money. Meaning, most of the times you won't have a new low (because most of the times has been already made) and so, won't get a profitable trade.Ignored
Disliked{quote} What part are you missing? The trade isn't in the same direction as the high or low - it's a breakout in the other direction, therefore the "most of the time high or low" is still in place. If you still don't see it, I suggest you study weekly candles, how are those wicks made anyway? Have you watched the videos I posted earlier? I have posted lots of charts, maybe you are overthinking the situation. Good LuckIgnored
Disliked{quote} You trade short if after Tuesday the price surpass the Low of the week. You trade long, if after Tuesday, the price surpass the high of the week. Am I right?Ignored
Disliked{quote} Study this chart for as long as it takes, until the statement about "most of the time the high or low of the week is made on Mon or Tue" Breakouts are everywhere you look; each trader has to decide which one to take. There are only a few ways to enter the market, on a breakout level, on a retracement level, or at the market on a psychic message. Good Luck and Happy St Patrick's Day Go the Green Pips {image}Ignored
Disliked{quote} Understood. I will make my research over this trading system and come back. Thanks.Ignored
Dislikedyou can sue 3ADR concept also on midweek reversal or Motu strategy,plese check this post.post 90. https://www.forexfactory.com/thread/...7#post13124447Ignored