Hi,
I am not a pro in this system but i realize with this system since it works off resistance/support levels, usually it means you can reenter a few times before the trade actually goes in the direction of profit.
just to share: i use the luktom visual order editor (it allows me to move my sl and tp graphically instead of crunching pip math). By using this, i can quickly claim profit and reenter as it hits the top of the resistance/support again.
here are my trades from today only. ALL using this system.
As you can tell: my trading style is different...but we all use the same system so everyone has their own style of trading. i prefer trades that i know almost 100% will go in my favour and i do NOT let my trades run long (as you can see most are for very few pips).
In summary: if you see a bar touching resistance/support for the 2nd time, then just keep reentering on that bar. This makes sense only if you can have big lots, small spread and use a visual order editor (just to make your life easy).
See attachment of photo
I am not a pro in this system but i realize with this system since it works off resistance/support levels, usually it means you can reenter a few times before the trade actually goes in the direction of profit.
just to share: i use the luktom visual order editor (it allows me to move my sl and tp graphically instead of crunching pip math). By using this, i can quickly claim profit and reenter as it hits the top of the resistance/support again.
here are my trades from today only. ALL using this system.
As you can tell: my trading style is different...but we all use the same system so everyone has their own style of trading. i prefer trades that i know almost 100% will go in my favour and i do NOT let my trades run long (as you can see most are for very few pips).
In summary: if you see a bar touching resistance/support for the 2nd time, then just keep reentering on that bar. This makes sense only if you can have big lots, small spread and use a visual order editor (just to make your life easy).
See attachment of photo
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