Disliked{quote}Pip guru, is the red TL on the chart valid? If not, why? {image}Ignored
What's win loss ratio since you've been using? Any chance scaling in, in other words pyramiding?
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DislikedHi Pip Guru thanks for bringing back basics. One question about this. Is this purely a breakout system or also do you use Trendlines for taking trend following trades?Ignored
Disliked{quote}Pip guru, is the red TL on the chart valid? If not, why? {image}Ignored
DislikedGU looks promising for the day for a downside trade.. Let's see what happens.Ignored
DislikedCan you explain the entry/exits a bit better? I still don't understand what you mean. Price has to close outside of the trendline on 1HR, and then has to do what? Retrace back to the trendline before you open a trade? So if it open above trendline and then closes touching the trendline/back into the trendline, you enter? this is confusing.Ignored
Disliked{quote} The 1 hr bar should break the trendline and close above it and next bar or subsequent bar should retrace back to the trendline to initiate the trade in that direction. Always stop loss can be 30 - 50 pips... TP can be to the significant line.Ignored
Disliked{quote} What if that subsequent bar closes below/above the trendline and back into the direction of the trend?Ignored
Disliked{quote} NZDUSD just closed above, then retraced and went below the trendline. Can anyone answer this?Ignored
Disliked{quote} NZDUSD just closed above, then retraced and went below the trendline. Can anyone answer this?Ignored
Disliked{quote} Always remember when you are trading for the day your trend lines should end a day before. You should not include the days action in the trendline. That is the concept. At least 2 days of prior data for 1 hr trend line.Ignored