DislikedI usually place my orders a bit under the TL but noticed GBP was tanking so placed it a bit higher. {image}Ignored
Very nice Cryptosurf. Congratulations! :-)
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Disliked{quote} Thanks, i also load up the basket using the same technique. {image} Sometimes i will also fib out the swings to see if there's room, but mostly follow the TL on the daily candle. In the evening (asian session) place my pending orders after daily candle closes. Following this technique is Ultimate Reward indeed.Ignored
Disliked{quote} Thanks, i think it's important to let price come to you rather then chasing prices moves. If you plot out the trend lines and place your orders accordingly then let the price fall in the desired direction. Trading this way is actually a bit boring and much less stressful. You're not staring at the screen all day chasing price.Ignored
Disliked{quote} Thanks, i think it's important to let price come to you rather then chasing prices moves. If you plot out the trend lines and place your orders accordingly then let the price fall in the desired direction. Trading this way is actually a bit boring and much less stressful. You're not staring at the screen all day chasing price.Ignored
Disliked{quote} Hi Cryptosurf, here are my questions, if I may? I agree with You, systgem with two TL's are a little bit time consumption. - If I understand, You trade only "Breakouts", right? - You wait for close candle (Asian 11:00 PM), ok? - Which rules do You have form exit trades? - You mentioned here, thath You place orders a bit under the TL: http://www.forexfactory.com/showthre...12#post8768812 So, You use STOP orders? - How do You use SL? - How long do You have pending orders under TL? - Do You have any other screens for example?...Ignored
Disliked{quote} Well im not going to pretend that this can be achieved every day. Today's events are a bit of an outlier as cable is tanking due to brexit discussions. {image} But generally I plot out the TL on the 1D close and fib the swing hi/lows. Check direction of trend, if trending up or down i want to ideally get in on the pull backs so im always trading in the direction of the daily trend. I try not to long in a down trend or short in an uptrend. SL are set at 100pips once im in at least 50pips profit, move to break even, in 100+ profits move higher,...Ignored
Disliked{quote} Thank You very much Cryptosurf for explaining Your trading system. Great job! :-)Ignored
Disliked{quote} Thank you for starting this discussion here on FF. I think it's a much more rewarding strategy then chasing price/pips hoping for it to go in your favor. The beauty is in its simplicity.Ignored
DislikedI like very much this system, but there are so many trend lines that we can draw, how you know your trend lines are the right one? I draw trend lines but many times they are different than other traders... Thanks!Ignored
Disliked{quote} Hi sylbolid It is question on me, or on Cryptosurf? My TL's are built on higher TF's. Of course, TL's are about experiences. What is ok, what no. So, I recommend practising...Ignored
Disliked{quote} Agreed, it takes practice. I use the 1D and zoom all the way out and plot the latest swing hi/low's. Thats your long term trend. {image} Then I switch to 4H and plot the short term trend. {image} This is an example of the 4H breaking up. You can choose to place pending orders on either side of the TL's just be careful longing in a downtrend and shorting in an uptrend. In a downtrend this is what i want to see: {image} And this is how it pans out: {image}Ignored
Disliked{quote} Hi scardi, welcome :-) MTF 15 CCI is here. I am sending greetings to You to Chicago. In Chicago is CBOT. I think, one of the the world's oldest exchange (CBOT = CME now). Cool :-) Maybe in future I will visit Your nice country :-) Best regards Daniel {file}Ignored
Disliked{quote} ====================================================================== Thank you very much sir! You are welcome in the USA and Chicago! Good luck in your lifes and tradings journey. God bless you and yours!Ignored
Disliked{quote} Agreed, it takes practice. I use the 1D and zoom all the way out and plot the latest swing hi/low's. Thats your long term trend. {image} Then I switch to 4H and plot the short term trend. {image} This is an example of the 4H breaking up. You can choose to place pending orders on either side of the TL's just be careful longing in a downtrend and shorting in an uptrend. In a downtrend this is what i want to see: {image} And this is how it pans out: {image}Ignored