Hi guys,
I have read the thread and started demo trades today.
Trying the MN=W1=D1 method.
Only found 2 setups.
(I also entered 2 other setups with the D1 NOT having the reversed candle, knowing it has higher chance to be a loser.)
I decided instead of fixed SL 100 TP 20 to use the ATR10 to decide. You will see on the screenshot the actual numbers if you want to check them.
I do not get up until 3-4 hours after the open of the new trading day, so I put all market orders.
Went off for about 4 hours and when I returned, saw nice GREEN!
+19 pips from 2 pairs entered "by the rules"
+46 pips from 3 pairs entered not quite by the rules.
Total: 65 pips for about 30 minutes of actual time at the computer. TOO EASY!
Results
by the rules
USDCAD +15
EURCAD +4 (manually closed it)
EURCAD +15 extra later entry
without the D1 reversal candle
AUDJPY +9
EURNZD +22
Note that I later looked at the EURCAD chart and saw it is stuck in a resistance area near my entry. When it retraced a bit, I put a pending buy limit that later was filled and ended + 15. Because those 15 pips were even more than the first EURCAD order that was "stuck", I closed the first one with just 4 pips.
DrDave
I have read the thread and started demo trades today.
Trying the MN=W1=D1 method.
Only found 2 setups.
(I also entered 2 other setups with the D1 NOT having the reversed candle, knowing it has higher chance to be a loser.)
I decided instead of fixed SL 100 TP 20 to use the ATR10 to decide. You will see on the screenshot the actual numbers if you want to check them.
I do not get up until 3-4 hours after the open of the new trading day, so I put all market orders.
Went off for about 4 hours and when I returned, saw nice GREEN!
+19 pips from 2 pairs entered "by the rules"
+46 pips from 3 pairs entered not quite by the rules.
Total: 65 pips for about 30 minutes of actual time at the computer. TOO EASY!
Results
by the rules
USDCAD +15
EURCAD +4 (manually closed it)
EURCAD +15 extra later entry
without the D1 reversal candle
AUDJPY +9
EURNZD +22
Note that I later looked at the EURCAD chart and saw it is stuck in a resistance area near my entry. When it retraced a bit, I put a pending buy limit that later was filled and ended + 15. Because those 15 pips were even more than the first EURCAD order that was "stuck", I closed the first one with just 4 pips.
DrDave
To free Gazans of Hamas, use whatever it takes.