There is no holy grail in trading – only discipline, consistency and edge.
Rules based method based on zz, fractals, psar, and s/d 118 replies
EA based on indicator which changes based on numbers of bars 0 replies
Trading Price Based Charts Instead of Time Based Charts 1 reply
Price-based Vs. Pip-based 5 replies
Conservative Outcome: +4R
Aggressive Outcome: +6R
Quick Note: Trade 1 came just after the Asian open, and Trade 5 right after the New York open — both were losses. I’ve included them intentionally to avoid any hindsight bias. Whether you’d take them depends on your session filters and risk tolerance, but they’re valid setups by the book.
DislikedLondon session trades today. Took a more risk averse approach today with there being lots of news releases (GBP CPI, USD Unemployment Claims, and Fed Funds Rate) 1: 0R. Trade skipped as price had moved to the baseline 2: +2R 3: 0R. Breakeven trade for me as I moved stoploss to breakeven on the second bullish candle following entry. Could've held for +2R. 4. 0R. Another breakeven trade which could've been held to +2R 5. -1R. Overall: +1R {image} {image} {image} {image} {image}Ignored
Disliked{quote} Would you mind sharing the MT4 template with indicators, Detto?Ignored
DislikedHey Rishee, Really enjoyed this thread — it actually lines up pretty closely with how I see the market too. In simple terms, price usually wants to return to its average once it gets stretched too far in either direction. You might want to look into Bollinger Bands a bit deeper. There’s this concept called BBMA by Oma Ally that really nails this idea — it’s all about spotting extremes or turning points and using them to time your entries more precisely.Ignored
DislikedSorry for my bad english, but i wanna ask is the dot in the TTM Squeeze indicator important? because i see all your trade recap and im very thankful for it. not matter what dot is displayed on the indicator the strategy is only required to entry when the 2 blue bars appear for shorts and 2 yellow bars for longs. i simply ask this because i was merging MACD and TTM Squeeze into one indicator because.. yk you can only use 2 indicators without subscription. this is what it looks like {image} i know its little bit confusing too see but if u used to...Ignored
This post might add more context - https://www.forexfactory.com/thread/post/15252789#post15252789
Disliked{quote} Awesome breakdown! Just one question—curious, not criticizing—why did you move Trades 3 & 4 to breakeven after 1R, but not Trade 5? If you had let all the trades either hit full TP or SL, the total would’ve been +5R. But if you had moved all to breakeven at 1R, it would’ve been +2R. Just trying to understand the thought process!Ignored
Disliked{quote} Unfortunately wasn't able to actively monitor this trade so when I got back to my pc, price was just below breakeven and pretty much just decided to let it run after seeing how trades 3 and 4 wentIgnored