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- Edbegs replied Jul 8, 2014
I just found this Thread Good Job Too Slow (A real Teacher/Mentor)
Simple & profitable: 00 horizontal line trading
- Edbegs replied Jul 8, 2014
Common Sense- Trade the Breakout, and then trade the retracement back up. image
As simple as possible: 00 level trading
- Edbegs replied Jun 19, 2014
It does, but after a while you will recognize this Price action. I have found discretion helps me win more.
As simple as possible: 00 level trading
- Edbegs replied Jun 19, 2014
Not that I use Fibs, But EJ is at a confluence of fibs at structure, I am prepared either way using random lines.
As simple as possible: 00 level trading
- Edbegs replied Jun 19, 2014
Discretion and an understanding of the markets might have helped on this one. At that time of day markets tend to revert, rather than break to new highs.
As simple as possible: 00 level trading
- Edbegs replied Jun 18, 2014
Anything Interesting? I know Volatility was higher! I actually traded this during that period, but with different parameters.
As simple as possible: 00 level trading
- Edbegs replied Jun 13, 2014
There are underlying principles here that have yet to be explained. I think those of you trading this system could benefit, so that when market conditions change you know how to tweak this, so you can stay profitable.
As simple as possible: 00 level trading
- Edbegs replied Jun 13, 2014
I have been trading this way since 2008. It is not about the entries and the lines. It is about bias, momentum, and volatility. The lines are a training mechanism, just to get you into the trade.
As simple as possible: 00 level trading
- Edbegs replied Jun 13, 2014
You may now have realized, it is not about timing your Entries. It is all about EXIT efficiency. It has nothing to do with the Entry. You can take an entry anywhere and make money.
As simple as possible: 00 level trading
- Edbegs replied Jun 13, 2014
Once volatility picks up, your stats will change. You need to figure out how to change the system, when the market changes. I have been trading this system when GJ volatility was over 200 ADR, and even more recently, under 100 ADR. I also look at ...
As simple as possible: 00 level trading
- Edbegs replied Jun 12, 2014
Consider other random cross entries? MA's, RSI, CCI, Fibs etc. They all work just like this. I have profitable EA's for MA and RSI crosses.
As simple as possible: 00 level trading
- Edbegs replied Jun 12, 2014
With the H1 candle you are exploiting the average hourly range of the currency.
As simple as possible: 00 level trading
- Edbegs replied Jun 12, 2014
This is how we know it works. It is more than just ADR and ATR.
As simple as possible: 00 level trading
- Edbegs replied Jun 12, 2014
Just wanted to see what people do when it opens on the line, or within 1 pip of the line.
As simple as possible: 00 level trading
- Edbegs replied Jun 12, 2014
After a while you don't even need the lines. You know when to take trades just with the H1 candle. That is really what this is about. Trade what you see! Trade with momentum. What is price doing right now! It really has nothing to do with the lines.
As simple as possible: 00 level trading
- Edbegs replied Jun 12, 2014
Make them flexible in the EA. The option to turn on/off
As simple as possible: 00 level trading
- Edbegs replied Jun 12, 2014
Why not take 2 trade per hour if it presents itself.
As simple as possible: 00 level trading