Hi LL, i hope my homework is fine!
- Joined Feb 2016 | Status: New Era, Hello Future | 1,076 Posts
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DislikedHi LL, i hope my homework is fine! {image} {image} {image} {image} {image} {image} {image}Ignored
Disliked{quote} Well done S All perfectly good examples....now ya gotta admit that is a piece of cake or what lol....and no reason at all why no one else can set up exactly as you have ably demonstrated...good stuff mate. LLIgnored
Disliked{quote} Thanks LL, when you want you can continue to tell us more about your strategy!Ignored
Disliked{quote} What else is there to tell, you have nailed the principle now for this particular strategy....the rest comes down to an individuals stops, t/ps and general management of any given trade. One thing I would stress however, is ensure you allow enough slack on the trade to gain traction in your desired direction, because that doesn't always occur immediately, and that I suppose is really the main skill required with this approach. But hopefully others can now start seeing the potential of t/ls used in this alternative fashion with a bit of luck....Ignored
Disliked{quote} Ok! To open a trade, Do you wait until the "candle" closes beyond the tl? What is usually your RR? Do you use trail stop, do you go at BE when you rich a certain point? Do you filter your entry with multi time frame analisys, horizontal level, "normal" trendline, etc...? Since the semaphor you upload doesn't work in my chart (it make my chart freezy), what can i use instead of it (rsi 14 period? cci 14 period?) Some other your charts, maybe even in real time would be a great support! Thanks for now!Ignored
Disliked{quote} Anything better than 1:1 is a good return as far as I am concerned, but I often open 3 positions at the same time, and yes I move my stops when tp1 has been reached to look for a freebie on the remaining 2 positions. I am always aware of what higher t/fs are doing, and that gives me a sense of whether I need to pull in the reins a bit in terms of t/ps and stops, but trend for me is a very debateable subject and what I may perceive as a trend may not be seen the same for others. Google is a great source to find alternatives to semaphor....I...Ignored
DislikedIf anyone else has charts to post btw then go ahead let's have a look and I'll comment on them if you like. ps...I hope I'm not corrupting Daniels thread btw Let me know Dan Cheers LLIgnored
Disliked{quote} Hi LL, I believe you, so this strategy is the one you use mostly of the time I guess...? I will try it! You use also smaller time frame?Thank!Ignored