DislikedYep - I have been using RB5 for many months now and it suits my style of trading.Ignored
QuoteDislikedBut to each his own...........
Of course.
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DislikedYep - I have been using RB5 for many months now and it suits my style of trading.Ignored
QuoteDislikedBut to each his own...........
DislikedRB5 is still the way to go methinks. RB3 is useful occasionally, but RB5 is all one needs, I think.Ignored
QuoteDislikedbut I still like flicking to RB3.
QuoteDislikedSorry no chart for me, prepping for an interview tomorrow - hopefully will be my last day job ever as I'm planning on this job getting me through until I'm good to go FT with the charts! Wish me luck ya'll
DislikedHello Medici,
I am trying to get all things together and get a better idea of the rb setups you and other ppl (i suspect all of you to be cyborgs ) use on this thread.
I have a problem with
http://www.forexfactory.com/showthre...66#post5171966
I am not sure if you remember -It was dead simple, hmm but not for me. Was that trading of pivot or earlier established resistance? Those trades are killers and I bet you set sl just above their highs...
Can you comment that post please?Ignored
DislikedHello Medici,
I am trying to get all things together and get a better idea of the rb setups you and other ppl (i suspect all of you to be cyborgs ) use on this thread.
I have a problem with
http://www.forexfactory.com/showthre...66#post5171966
I am not sure if you remember -It was dead simple, hmm but not for me. Was that trading of pivot or earlier established resistance? Those trades are killers and I bet you set sl just above their highs...
Can you comment that post please?Ignored
DislikedNice cloud reversal in cable for what seems to become 25+ easy ones
Now some lunch.Ignored
DislikedExactly. In the development of the system used we (Auron112 and I) had a slogan which was "One pair, one chart, 100 pips per day", and the RB5 seems at the present moment to be the best solution for that.
Me too. Question is when not to flick, or, differently put, how the RB3 could be integrated into some set of rules.
Hope it went wellIgnored
DislikedSo for the benefit of newcomers to the thread (and some of the vets like myself as well), could you provide a bit of detail on how you properly time entries like the first arrow you've marked here? Why would you wait to trade on the arrow rather than on the bar two earlier that gets near full drawdown? Both are LHs that push past a downward sloping cloud (or MA8). So how best to select the ideal low drawdown entry?
I'll share my own impression but yours would be useful as well. For me the key to properly timing the continuation would be the...Ignored
Disliked
Note: I've also included an interesting RB3 trade (the thumbs up) I've been watching as I typed this. Assuming you missed the rather nice divergence long off the 3100 level it provided a good little pullback to jump in on.Ignored
DislikedI actually entered on the very first LH using RB3 based on the hypothesis that price would very likely return to 3138 and that I could make a decision on whether to cut the trade based on what happened around that level.
When price broke above 3138 after the green HL candle I cut it without a loss. Then it was a 1-2-3 entry on the break below the low of the previous green candle, and I should perhaps have marked the level for clarity.
Thanks for RB3 chart. Did you take that trade based on that alone? One thing I am cautious of is to use RB3 when...Ignored
DislikedThanks for the additional detail. I figured your second entry would be below the green candle which I marked (which works nicely with the break of the trendline) and that makes more sense because it explains why the candle two prior wasn't a proper entry. Interesting to see you already integrating RB3 into your trading of levels. I am watching it carefully...
As for the RB3 long, it wasn't off that alone. I only sat down at the charts just before the prior drop into 3100 which I took. I got out as we rejected but we came off the level too...Ignored