Hi,
Glad I stumbled across your thread a few weeks back. Been trading your setup (albeit somewhat filtered as I've indicated in prior posts) with considerable success on the 4 and 8 pip range charts.
An even bigger impact on my profits has been switching my thrust trades (my big money makers) from the 7 pip chart with a 10 minute guide to a 4 pip chart with an 8 pip guide. Lots of additional pips there.
I'd like to share the final version of my filters with the group but have a question. I want to be sure I've identified all the triggers as correctly as possible. In the following chart, assuming all the EMA's are lined up, which of the four trend line breaks (blue dots) would you consider to be takable signals? Based on my interpretation of the rules you initially posted and the video examples, and assuming the relevant swing low is the first one in the attached chart, it appears to me all are valid signals. I know the second and third breaks only have 3 bar pullbacks but I've seen you treat that kind as continuations of the first pullback. For the ones that are not, why not? What are the rules/guidelines that would eliminate them?
Incidentally, all would have been eliminated out by my filters (even though the EMA's were indeed all on board).
Glad I stumbled across your thread a few weeks back. Been trading your setup (albeit somewhat filtered as I've indicated in prior posts) with considerable success on the 4 and 8 pip range charts.
An even bigger impact on my profits has been switching my thrust trades (my big money makers) from the 7 pip chart with a 10 minute guide to a 4 pip chart with an 8 pip guide. Lots of additional pips there.
I'd like to share the final version of my filters with the group but have a question. I want to be sure I've identified all the triggers as correctly as possible. In the following chart, assuming all the EMA's are lined up, which of the four trend line breaks (blue dots) would you consider to be takable signals? Based on my interpretation of the rules you initially posted and the video examples, and assuming the relevant swing low is the first one in the attached chart, it appears to me all are valid signals. I know the second and third breaks only have 3 bar pullbacks but I've seen you treat that kind as continuations of the first pullback. For the ones that are not, why not? What are the rules/guidelines that would eliminate them?
Attached Image
Incidentally, all would have been eliminated out by my filters (even though the EMA's were indeed all on board).