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DislikedMore testing on this slow day, but still using REAL money account...
My indicator found an "Extreme Hook" on the AUDUSD on the 1-min chart. That was cool, but then a few minutes later on the 5-min, then later on the 15-min. That's when I took a closer look and found a nice divergence occurring. And then the 30-min hook alarm went off.
Attached are two charts. One of the AUDUSD 5-min right after I placed my second (1/10), as things were "textbook." The second, is just before my trades reached TP.
This "Extreme Hook" idea just gave me...Ignored
DislikedSee #925
Hello Carl
Great design!
Could you post all your indicators and templates in the attachment, so I can make a link at p.1, #1.
Think about it.
Best regards from Switzerland
FXcubeIgnored
DislikedOf course I will. I'm still finalizing the divergence indicator with CCp, and I'm working on the "Extreme Hook" indicator.
I'll post soon.
CarlIgnored
Dislikedincredible - i'm with you - i understand how to make these quick wins. But, your open trades still will resist in your account, and their Lotsizes are big enough to generate big losses or wipe out the account - what are you doing when the market is awaking and volatility increases? When will you start hedging a position? You won't sit 24 hours a day to watch your trades - am i right? I would enter hedgetrades at the moment i leave the Tradingdesk and i would check the charts again when coming back for the next trading session. What is your preferred...Ignored
Disliked...It is like a Babouschka-Strategy - start with the 1-min-Chart and go to the next higher level when S&R-Levels where broken - recover the Trades on higher levels or wait for rebound. I hope i'm correct - otherwise i should read all posts again or ask politely for the next lesson on LOM....thx in advance - RobIgnored
Disliked.. don't read between the lines and search for criticism - there was no critic meant - i only tried to resume for myself. So let's put aside that emotional frame and use another one (should work, you are a psychologist). I#ve really appreciated that thread so far. I by myself trade several systems with hedging components too - but i am using my own progged EAs.
Thx for your answer, you gave me the confirmation that i'm on the right way. I think i've understood what you meant. Everybody is trading on his own risk and i will handle that risk appropriately...Ignored