Not a fractal but allmost. I shouldn't have done that but it paid out
This time is really close the charts and play with my kid !
This time is really close the charts and play with my kid !
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DislikedMelpheos, what session do you trade? Do you think this will work on the NY session?Ignored
DislikedHello all,
Great system... I must say I was backtesting it some and found some pretty good results.
Are these valid entries? EurUsd gapped but it retraced and found support at the 50ma then brokeout first that is why I took that over the eurjpy.Ignored
DislikedHello all,
Great system... I must say I was backtesting it some and found some pretty good results.
Are these valid entries? EurUsd gapped but it retraced and found support at the 50ma then brokeout first that is why I took that over the eurjpy.Ignored
DislikedExcept for the 2nd graphically speaking , all are valid entries. But the 2nd one should i fact be valid in a strict price point of view as there was a gap.
In particular the 3rd one represent exactly the addition i have made, that is one of the 5 candles breaking the SMAIgnored
DislikedThanks, I was slightly wondering about how gaps would seen in regards to the system rules. I liked it's retest and support of the 50 sma before it broke the fractal so that is why I took it. Hopefully I can get some more good trade pictures.Ignored
DislikedMelpheos, you start this thread by saying the system is completely mechanical, but that you need to find a good exit strategy. Obviously for it to be mechanical you must have an exit strategy. Have you found one? If so, what is it?Ignored
Dislikedmelpheos, something I found gives me a heads up on the 15m is a 5 by 18 cross. The 18 provides good mobile support and resistance. If they both cross the 50 then I stay in watching the 18 and 50 or keep watching the 5 and 18 on the next highest T/F.
If your scalping the 5 by 18 you can take profit at the Bollinger bands, works 70% of the time.
All MA's set to Linear,and Typical.
RoyIgnored
DislikedCircled in green the entry that would have made your previous loss.
Also if you had entered the first trade you pointed out, you would not have entered the second one so you would have one loss and one gain, the gain making at least 3 times more than the lossIgnored