Good system, thank colostar for your sharing.
pipdude pls. share indicator.
Thanks,
pipdude pls. share indicator.
Thanks,
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DislikedGood system, thank colostar for your sharing.
pipdude pls. share indicator.
Thanks,Ignored
DislikedHi Colostarr,
Thanks for sharing a simple system.... I would like ask whether in your eyes the above would have qualified as possible trades (in attachment)
Regards,
DanielIgnored
DislikedDaniel,
Yes they both would have qualified for a valid set up. The first would have resulted in a loss. But if you would have entered short on the subsequent bearish divergent candle you could have rode that wave, made up for your loss and banked a few pips. The second arrow I know first hand about. I took it yesterday and banked 17 pips
Hope this helpsIgnored
DislikedColostarr,
how do you set your profit targets or trailing stops if you don't close the trade manually?
Cheers.Ignored
DislikedExcellent .... thanks for this and we look forward to you posting more successful setups that we can all learn from
Tried the 15m. TF but got bitten a couple of times... back to the 1hr TF as you recommended
Thanks,
DanielIgnored
DislikedI’ve recently added this system to my arsenal of trading techniques. The method is extremely simple yet highly effective.
The system is derived from “Bill Williams Balance Line trading” and is a variation of his system. I am aware that there are other threads covering Bill Williams and his systems; this is a “Variation” of the 5th Dimension (Balance line trading) as I have been trading it.
Please do us all a favor and DO NOT POST a reply to this thread saying “Isn’t this already posted somewhere else?” I’ve searched the forum and...Ignored
DislikedThe re-assuring aspect of the USDCAD trade is that on the 4H the candle closed above the blue line, and is in an obvious up channel.
The scary thing is I have to step away from computer today and leave this trade running. I have a class to attend from 0500 z to 1000 z.
We shall see!
You'll notice on the chart I have a pending sell stop just below my stop loss. I do this when I know I will be away from the computer for an extended period of time. Otherwise I don't "Stop and reverse" this method unless there is a good signal!Ignored