Thx for the charts man and explanations.
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Disliked{quote} Thanks parisboy! Do you have an indicator composite or wave a,b,c or all of them.Ignored
Disliked{quote} Thanks parisboy! Do you have an indicator composite or wave a,b,c or all of them.Ignored
DislikedHere is a trade I took yesterday at 0900 Central Time (U.S.) on a 1 HR chart. It is "Textbook" perfect. Let's review: 1. 15 EMA crosses 50 SMA up (first arrow) 2. Price retraces and touches the BB (second arrow) 3. StochasticRSI cycles down below 20% 4. Candle following the red candle that touches the BB is green and is NOT touching the BB (set-up) 5. Enter on next candle (white crosshair) Added bonuses: good separation of the 15 over the 50 Price has broken above the 100 SMA and is bouncing on it for support StochasticRSI is rising I held this...Ignored
QuoteDislikedA glance at my journal reveals approximately 20% daily, 40% 4HR, and 40% 1HR. This is not planned this way. It just so happens to be a rhythm I seem to have adopted naturally. BTW, that was 467, but it's 471 now.
Disliked{quote} Sorry no, I don't know. He mostly doesn't show us timeframe and instrument as you can see in his profile.Ignored
Disliked{quote} It's marked by red arrow: {image}Please help me: what was wrong in my rules reading or how could I set this trade without a SL? Thank you!Ignored
Disliked{quote} I only casually lurk on this thread so I may be wrong, but, it would appear your arrow location is incorrect. If long, price has to engage with the lower Bollinger Band (blue), then disengage, wait for a candle colour change and then buy at the open of the next candle. You appear to be using the Bollinger's MA middle line (white).Ignored
Disliked{quote} For the reasons I stated to @since80808, it doesn't look like a valid setup. See image below. {image}Ignored
DislikedMT4 Indicator built for this system. + Alerts (Not tested yet) It does not depend on external indicators. Use discretion regarding MAs separation Will update indy soon, bugs found Updated New fixes {file}Ignored
Disliked{quote} Where the arrow is should be where the continuation of the downtrend comes in since the averages are crossed downward. Also price has spiked the outer upper band. He removed the middle line on the bbIgnored
Disliked{quote} I'm interested to know why it didn't work also. It seems like a valid setupIgnored
DislikedHi WickedDaddy. Does it bother you when I want to ask a question? Why don't you make a trade at arrow number 1 (yellow). I see that the 1st arrow is very similar to the 2nd arrow trade you made. Is the trade with arrow number 3 valid? {image}Ignored
DislikedGood day WickedDaddy, Do you trade 4h exactly the same as Daily chart or do you add any confirmation (sort of MAs) as you do for 1h chart?Ignored