DislikedJat50b,
I will give you my answer to your questions - Cryten and Gnat may have a different opinion.
*Firstly, I always enter a stop loss on every trade. I do not have a set pip value for this. I like to place it behind the T3 if possible but will also use S/R levels as well.
*I do not trade the 5 min time frame. I only trade the 15 min.
*I do enter counter trend trades but one must also be aware of the trend and place stops and targets accordingly.
*I personally do not risk more than 5% of my account on any one trade - usually 3% or less. This is just my personal preference.
*I would not say that I have mastered this system but I have been trading it for probably less than 2 months.
*Yes, the QQE, DMI, momentum and T3 are the core indicators in the system.
*There is not to my knowledge any PDF document on this system. This thread is the only source of information I have found. I learned the system by spending a couple days reading this thread from first to last and I would suggest the same for anyone wanting to get a good grasp of the system - many questions will be answered in the process.
Good trading to you,
NOFXIgnored
I really appreciate the answers you gave me, they are a like a jump board for me.
- The 2 months you are trading using the Supernova strategy, are you trading on live account or on demo account?
- Do you sit your way throughout the London/US session, or when you see the trade is profiting, just put a preset trailing stop and comfortably walk off the screen? My work allows me to trade only from 1 AM to 6 AM Eastern.
- Is it prudent to trade using this method during a news release?
- Are you trading on the VT Trader or the MT4 platform? I am using the MT4 platform.