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DislikedHello Brian:
If we have a UP wave in 4h TF and it is in a DOWN pullback, the entry has to be done when the price breake UP the last HH of the down move in 30m TF?
Please let us know how do you the end of the pullbacks.Ignored
DislikedIf the 4hr is up, and 30min is down...
We would look for the previous high of the 30min chart to be broken for our long entry. This means that 30min would turn back into an up trend, which typically means the retract on the 4hr chart is over.
BrianIgnored
DislikedJnita what trading result did you have the 24 ?
seems like you had way better than brian the 23 but you have some trades against you also that have great pips against you more than -40 where do you place your stopp ?
best regardsIgnored
DislikedJnita I shall read up on the strategy i have not seens he updated the first post i just have had an quick look at it i must read up some. But i think this have been a really bad week if you think of what brian say he use to have 200 or so a day i was thinking of tighten up the stopploss but maybe it will do more harm then good but smalllosses and big profit is the name of the game winner
best regardsIgnored
DislikedThis is a pretty good approach. We are always trading with the trend and always cutting losses short and letting profits run. Did very well with it today.
I am using a MTF Hi Lo indicator I wrote for another system on this forum that turned out to be not so good, but it works very well in this application for seeing the 4 hour, 30 minute and 5 minute all on the same chart.
Very easy to trade it.
Congrats on a nice simple method.
PS, please ignore the stuff in the upper left. That is for a long term trade I am testing outIgnored
DislikedIt consists of just using the same indicator twice. One instance is a 30 minute (Blue for High, Red for Low). The other is a 240 minute (Green for High, Tomato for Low).
Included is the indicator and the template I am using.Ignored
DislikedRough day today, but if -297 is your worst day in 11 months, I don't think you have anything to worry about, especially if your average take is around 200 per day.Ignored
DislikedHello,
It was interesting trading last night without Brian in the room....Ignored