Hi Janqie, how have you been?
On vacation?
On vacation?
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Janqie "Mad Piphunter" trading 28 replies
Janqie's trading plan 5 replies
Janqie's simple System 22 replies
DislikedMML is used for the following:
a) Profit taking
b) Final profit exits. I use 1st level as a bank an 2nd level as a take out.
c) justify entrys - I never enter a trade when it is close to a level
These lines are calculated based on price range, so due to the tight range over the last week or so, the levels are much tighter. This has proved efficient for me these weeks to take out where possible. It has also kept me out of many rangebound trades plating around levels.
Hope this helps.
Janqie, good to see you develop this further, I have also...Ignored
DislikedThanks heaps! My next question is:
What P and MMPeriod do you use for the TF you trade?
For example, the default setting is 64/60 respectively (am using MML_Multi_Option_v1.24).
I've read of recommendations to use P=32 (instead of 64) for TFs M1 thru M15.Ignored
DislikedI use default settings as by changing it your levels are far too close to pick up good trending trades.Ignored
DislikedI think today people are staying out and closing out ready for FOMC tonight.
This week has been tough so far. Was an ok week last week.
These small trends are killing me....Ignored
DislikedAgreed.
In any case, Janqie's method is mostly about getting in on major trends following pullbacks anyway. When marquee economic events appear on the horizon, most scalping methods get unpredictable results.
Can't win 'em all. Might as well just sit this one out for a while.Ignored