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- bishopdotun replied Mar 25, 2022
GBPJPY H1 Guppy & Double-top. image
- bishopdotun replied Mar 23, 2022
Only few hours and you have corrupted this space again. Now I will permanently ignore you. You have your own thread. You can post all your content there. I wish you all the best. I need this space to be without conflict.
- bishopdotun replied Mar 23, 2022
Time frame you are trading matters. A long signal on M1 can just be a failed reversal on H1. The M1 trade would have profited. That does not necessarily invalidate the H1 signal. The market consist of cycles within cycles. You just need to trade ...
- bishopdotun replied Mar 23, 2022
EURUSD - M30 image I would rather maintain the short position for the moment.
- bishopdotun replied Mar 23, 2022
These are other examples: - SMAI: sets direction - PlanetX: entries and exits Swing - Short AUDCHF - M30 image NZDJPY - M30 image USDJPY - M30 image
- bishopdotun replied Mar 23, 2022
Now you get the short swing in play... GBPJPY M30 image GBPUSD M30 image
- bishopdotun replied Mar 23, 2022
Another example. - SMAI: sets direction - PlanetX: entries and exits Adjust your lot size accordingly. AUDJPY M30 image
- bishopdotun replied Mar 23, 2022
Example GBPJPY M30 image The annotations on the chart are self explanatory. Trade wisely.
- bishopdotun replied Mar 23, 2022
SMA Intersections (SMAI) R4m made this indicator. This indicator is a by-product of Focal Point conversation. Now that focal point has moved to its new home, we can continue PlanetX and SMAI. SMAI plots areas where there is interactions between 2 or ...
- bishopdotun replied Mar 22, 2022
To all... The past few days, we have been trying to get around oscillators. Parisboy, R4m, BTEv e.t.c have contributed immensely in different capacity. However, I feel things are a bit stuck. There is a bit of disjointed argument over the Focal ...
- bishopdotun replied Mar 21, 2022
Another set of assumptions that are neither right nor wrong. I have read everything so far. Focal points alert you of the direction of the market. I want to trade in that direction. That's all that matters. However, your approach has other benefits. ...
- bishopdotun replied Mar 21, 2022
Are you using the strict mode or the relaxed mode. Apply the relaxed mode.
- bishopdotun replied Mar 21, 2022
Additional charts for consideration I prefer EURAUD but you can check how well this works across pairs. You don't have to trade all the time. Take a bite and rest if you want. AUDCAD - M30 image AUDJPY - M30 image AUDUSD - M30 image
- bishopdotun replied Mar 21, 2022
Assumptions: If you lose 3: Pick the chart I showed you. count the number of potential trades. Count the number of SL and TP you would have hit. Check the percentage. you need 3 profits in the row just to recover the loss: you assumed the 3 will hit ...
- bishopdotun replied Mar 21, 2022
Again that's wrong assumption. You are assuming - I risk the same account percentage per trade - That my RR is the same for every trade You are wrong. Fact is you can't model it that way. I deploy a method that allows me to win variable RR at ...
- bishopdotun replied Mar 21, 2022
Notes on PlanetX and Focal Points (SMA Interactions with TF candles) So far, we have distilled focal points thanks to contributions of R4m, Parisboy, BestTraderEv e.t.c Lot's of theoretical perspectives and jargons. I am more particular about how it ...
- bishopdotun replied Mar 21, 2022
I wouldn't argue that with you. Take it with a grain of salt but I can tell you that a strategy with 30% win rate can be profitable with the right MM approach.
- bishopdotun replied Mar 21, 2022
I find M15 a bit noisy. Yeah I get your point. RR v SL v TP What if the RR is too small? See my next post on how I evaluate this and how I consider trading this method going forward.
- bishopdotun replied Mar 21, 2022
I understand your argument. But the problem is the trader. Retail traders always looking for the holy grail. There isn't. There is no perfect strategy. What wins is MM. In fact MM can turn a strategy of 30% win rate to a profitable strategy. So it's ...
- bishopdotun replied Mar 21, 2022
Nice little swing on EURAUD M30. image