Work very hard until you get there (excuse my english)
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DislikedHello. I'd like to share a strategy that adheres to the principles of being simple, non-subjective, consistent, and most importantly effective. If a trading strategy is not based on sound ideals it is doomed from the start, no matter how many indicators or filters you throw at it. Beginners please understand this. This thread is open to all, and I encourage both beginners and pros to participate. One of the benefits of the above four principles is that anyone can learn the mechanics of the system quickly, because it is not complicated. This does...Ignored
Dislikednunrgguy, if I may add some thoughts on your comment: 4. Setups exist during all sessions (on a side note - I would be VERY suspicious if they didn't). This does not imply you need to take all of them. Hence, there's absolutely no problem to trade in this manner. 5. Same with the trade management - there's no need to move the stops at the exact moment the price hit 1:1 or some other level. Open the platform, check positions. Did the price actually reach your milestone? Yes? Then manage the positions. Unless the price moved back past your intended...Ignored
DislikedOK, here's another example from me: {image} Three consecutive engulfing patterns, four if you consider the continuation bar that engulfs the small pause bar. All engulfs close below the open price of the day they happen. The first one does not trigger a trade, however it still serves as indication, adding weight to the downside bias.Ignored
Disliked{quote} OK, there's some confusion here I feel - in post one it says you're going to trade with both the daily and weekly trend: "The goal is to stack H1 and H4 positions in the direction of the daily and weekly trend" but then only mentions trading above/below the daily open in the checklist. Now, how are you defining trend - also above/below the weekly open? Because, if so, on your gold example the OBs in some of those red boxes are from the weekly high, above the weekly open and back into the open i.e. if you're entering with weekly direction...Ignored
Disliked{quote} What I'm going to say is only my view, so don't take it as "part of the system". It might be, or it might not be. Also, pardon me if your questions were not targeted at me, but I got that impression since you quoted my post. For me, the weekly trend is my target, not my guideline. I intend to enter from H1/H4 in the daily direction (that is - buys above the daily open, sells below it). I'm not trying to predict the weekly trend, I'm looking for opportunities to join it, sometimes at the very start of the movement. It is subjective, I agree....Ignored