First of all, great system, but I do not understand everything in it:
1)"A)4hr chart:First confirm the 4hr Strength indicator has turned bullish "- What do you mean? The line should bent northward or should I check the last 2 values of it and see if there's a positive difference between them? Or do you mean that there needs to be a crossover of the two lines in the strength indicator
2) " SL aprox:100 pips from the 1hr , 50line crossover price." - Let's assume the open price of the crossover 1H was 226.00 , So My SL would be 225.00 If long, and 227.00 if short?
3) Do you have to wait for the 4h candle to close above the Gann line and then look @ the 1h line, or is it ok if you start looking at the 1h candles sooner?
4) When do you exit if the trade seems to go bad (Not talking about the 200/300 TP targets)? Do you lock in profits ,and if yes, after how many pips?
I think it's enough questions for one day... I think the best thing would be to publish a nice clean comprehensive PDF GUIDE for you systems... With the MT4 charts, since I don't think anyone except you uses the VT . It's just a suggestion and it would be very helpful for the new guys (like me).
Have a great day!
P.S - 5) How do you scalp this pair during a consolidation? Please give a complete explanation .
1)"A)4hr chart:First confirm the 4hr Strength indicator has turned bullish "- What do you mean? The line should bent northward or should I check the last 2 values of it and see if there's a positive difference between them? Or do you mean that there needs to be a crossover of the two lines in the strength indicator
2) " SL aprox:100 pips from the 1hr , 50line crossover price." - Let's assume the open price of the crossover 1H was 226.00 , So My SL would be 225.00 If long, and 227.00 if short?
3) Do you have to wait for the 4h candle to close above the Gann line and then look @ the 1h line, or is it ok if you start looking at the 1h candles sooner?
4) When do you exit if the trade seems to go bad (Not talking about the 200/300 TP targets)? Do you lock in profits ,and if yes, after how many pips?
I think it's enough questions for one day... I think the best thing would be to publish a nice clean comprehensive PDF GUIDE for you systems... With the MT4 charts, since I don't think anyone except you uses the VT . It's just a suggestion and it would be very helpful for the new guys (like me).
Have a great day!
P.S - 5) How do you scalp this pair during a consolidation? Please give a complete explanation .
Money for nothin' and pips for free!