I see what you mean: for trend trades, only take the purest PBs, in strong trend (also on H1, H4), wait for good (not weak) retracements (around 21 EMA if possible), wick clearly stuck out and with negative divergence, even if 2,3 trades total per week?
I've read the thread of course, Ryan's posts from J16 and his comments. Backtesting this strategy shows to be very profitable, but since I started to forward test it (on demo) I blew up few accounts already.
I've tried all kinds of TPs,TSL... time frames, so far the only ones that seem to work somehow for me are on H1, 4% risk (that's what I use everywhere and that's what I think it's
part of the problem on M5). Another issue I guess I have is that the market is mostly in a range at htfs and I jump into these trap trades (M5), desperate not to miss any signal. So, emotions might be the main cause that I'm not seeing constant green pips with this.
Anyway it's good that this thread reignited a little. I just love this strategy!
I've read the thread of course, Ryan's posts from J16 and his comments. Backtesting this strategy shows to be very profitable, but since I started to forward test it (on demo) I blew up few accounts already.
I've tried all kinds of TPs,TSL... time frames, so far the only ones that seem to work somehow for me are on H1, 4% risk (that's what I use everywhere and that's what I think it's
part of the problem on M5). Another issue I guess I have is that the market is mostly in a range at htfs and I jump into these trap trades (M5), desperate not to miss any signal. So, emotions might be the main cause that I'm not seeing constant green pips with this.
Anyway it's good that this thread reignited a little. I just love this strategy!
r u ready?