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- philstodd replied Jan 2, 2023
The only downside to the system is it means you HAVE TO follow that instrument. If you set the time too high....you can wait weeks or months for the next trade. Be sure to make sure average trade time expiry is what you are willing to deal with. ...
- philstodd replied Jan 2, 2023
This system allows you to take a piece of the big boy moves without interfering with their "game". They know where you entered and they know you can't go for the long haul. Trade with them.....short and sweet. It's easier to make small moves instead ...
- philstodd replied Jan 2, 2023
As you all can see and I state it to this day. I don't play the follow the crowd game(full on price action). They know what you are thinking. I am strictly odds and percentages based. I know price action well and much of the time it disappoints. If ...
- philstodd replied Jan 2, 2023
for you bitcoin freaks ALL wins. image
- philstodd replied Jan 2, 2023
If anyone can find a chart with 4 losses in a row...I implore you to post it. I'm not shy about losers....I'm just a tad cocky in percentages.
- philstodd replied Jan 2, 2023
Also if you are looking to make more money more quickly but aren't afraid of the risk and can afford it....You can risk double on your 2nd trade and then quadruple risk on the third trade. Don't say I didn't warn you. Profits are amazing but be ...
- philstodd replied Jan 5, 2022
Here is some bonus advice with the same indicator with different settings. As I told you all in the first post, you need to examine the history to see if an instrument is following convergence/divergence levels. Sometimes a pair doesn't. If you add ...
- philstodd replied Jan 5, 2022
When your eyes see and catch this. Beware of the trend. Look to take smaller profits on those swings if you are trading against the trend.......with the trend, let the profits run. Open your eyes. Open your mind. image
- philstodd replied Jan 5, 2022
Currently in a bullish gold trade I entered. This is a tad bit more advanced but notice the strong level on the convergence??? image
- philstodd replied Jan 5, 2022
I've been enjoying this strategy to mix it up a bit. Anyone else profiting. Can't get any simpler to profit off the market. Seems some people complicate trading. Risk to reward and/or highly accurate strategies is all you need folks.
- philstodd replied Jan 2, 2022
If you would like to minimize your swings before profit even further look to set levels 3/4 the distance of a 1 to 1 profit. You will encounter more break evens but risk will be limted even more.
- philstodd replied Jan 2, 2022
Currently short image
- philstodd replied Jan 2, 2022
Another exit trade. Notice the size. image
- philstodd replied Jan 2, 2022
Welcome to the midwest traders. Just glad I'm not cutting my 5 acres of grass. First snow day...great day to trade. image
- philstodd replied Jan 2, 2022
Just as I said eurusd is currently selling off. In a case like this on the 15 min heiken chart....I would hope for a pullback to a decent level so my stop loss isnt so large. It is currently showing a large candle that I do not enter on, but I ...