Almost an exact repetition of this morning. First trade loss of 15, second trade profit of 30. Fine by me if it continues in this way.
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DislikedAlmost an exact repetition of this morning. First trade loss of 15, second trade profit of 30. Fine by me if it continues in this way. {image}Ignored
Disliked{quote} For myself, I've got the same pairs om my monitor every day. Lately it's just been EU, GU, AU, and UJ. I don''t trade AU and UJ much but I like having them there for reference. I usually won't have more than 2 open trades at any one time. I had 6 pairs on there but I got rid of UCad and UChf for reasons I won't get into right now. I have 2 monitors with one dedicated to the charts. The other monitor is to stay current with what's happening in the world and communication. That's just me, OK? I know traders who only watch one pair and do just...Ignored
DislikedHey bobby, I just read through the whole thread, and I like what you shared so far. The MTF system looks simple to learn and hard to master at first glance. When i have time i will try to fit my personal MM approach on the system and see what happens. Since its really hard to backtest those kind of stuff it will be the best to forward test it on a small account (i dont like demos). Usually i try to have a fixed MM system. It looks like you are more flexible with your SL and TP decisions. Thats a skill i havent mastered yet, so maybe this system...Ignored
Disliked{quote} On the subject of a trading method being boring, when someone finds a successful "way", one that delivers what they are after most of the time, if they're smart, they don't change a thing and simply keep repeating the process the same way every time. IMO it only gets boring when we stop seeing the value in what we're doing.Ignored
DislikedFirst of all i wanne thank you for you contribution to this forum so far, i really believe this method has a lot of potential. Testing it for a week now, and the amount of ''safe'' trades are actually pretty amazing. The only thing i added was a smoothed 130 MA, just to trade with the ''flow'' Personally i only trade when the 50 line is hit, and only got good results so far. My little contribution to this tread for now is the thing i find interesting and seems to repeat almost every day(?) It seems like the best opportunitys are around the london...Ignored
Dislikedi watched the EUR/USD 5 min chart today, and my question is, how long do you actually wait when the mtf stoch is crossing the 50 line? because sometimes there is a cross, and the ctf is also pointing in the right direction, but 15-30 min later it repainted. Are we waiting until it cant repaint or what kind of filter do you use because especially in ranging markets like today, there are many false signals in the live chart, that arent visible 30 min later.Ignored
DislikedThanks for your detailed answer. I forgot that the word "repaint" has such a bad connotation, and it misses the point i was wondering about. Basically i was asking myself if you would take a nice setup at lets say 14.05, or would you wait until the current 15 min candle is finished or nearly finished. And if you took a trade at 14.05, but when the 14.15 candle is finished the setup is not valid anymore, do you just cancel it? Im just wondering about the timings with this strategy because my experience with such an indicator is limited and im trying...Ignored