Here is a close up of a few trades to show the fraction co RR closes.
Please code "Parabol trendline" or "Curve trendline" for me 0 replies
bo7a method... method for GBP/JPY 205 replies
Trendline, Trendline and Trendline 4 replies
1-2 Trendline Method 43 replies
Disliked{quote} I was considering this yesterday, funnily enough...so I took a look at last friday chart and did an analysis usin RR. The rules I used were to place the SL at the low/high of the candle that broke the diagonal line and move the SL up/down at the touch of each level until price comes back and closes it out. If price keeps going up/down without closing on a re-trace then the trade closes on the first Zig Zag anchor candle that is over 1000 points (Gold 1M chart) The results were 8.4R for the day. The decimal point trades were because sometimes...Ignored
Disliked{quote} I guess we're misunderstanding each other. If the previous swing was 100 pips and I enter the new swing at 100 pips, then for PT I need the new swing to be at least 160 pips. That's unlikely.Ignored
Disliked{quote} You need the last swing to be at least 100 pips in order to draw the 10 candle out line and the diagonal from the lowest/highest point in the last 14 candles, then wait for a candle to break and close beyond the diagonal line from which you plot a 40 pip SL and a 60 pip TP...that is it.Ignored
DislikedHi I have recently been looking at a 40 pip stop and a 60 pip target and be breakeven at 40 pips method using a trendline trick first of all you need to see a previous swing in the market of 100 pips i trade gold with this on the 5 minute chart i use zig zag for the swings , its a zig zag counter indicator it may seem confusing to you ,, but once you get used to it its good so what you do is ,, take the most recent close high or low and place a trendline on the close price reecwent high or low and project that trendline by 10 candles to the right...Ignored
DislikedI can see 10pip swings on 1 min chart but not 100pip swings or am i missing something?Ignored