I know some of you are trading only with this.
I have made some experiments and I couldn't make a trading system, which has a 80% probability and abandoned those experiments.
On a ranging market it is simple: is the price reach the S1 or R1, then buy / sell, take profit around pivot and a bit after that to be sure.
The problem it was when I couldn't realize the ranking is ended and goes to trending. Than I had a nice minus.
Some are trading this method even in trending market too, how is that?
If the price reach the R1 and close the bar after R1 are you opening a long position? Target is the old R2 and SL is the Pivot? The bias is the uptrend continue?
What if price reach the R1, but the bar doesn't close above? The bias is a pullback, reverse it is?
I would like to read those who are using this method at least a year!
I have made some experiments and I couldn't make a trading system, which has a 80% probability and abandoned those experiments.
On a ranging market it is simple: is the price reach the S1 or R1, then buy / sell, take profit around pivot and a bit after that to be sure.
The problem it was when I couldn't realize the ranking is ended and goes to trending. Than I had a nice minus.
Some are trading this method even in trending market too, how is that?
If the price reach the R1 and close the bar after R1 are you opening a long position? Target is the old R2 and SL is the Pivot? The bias is the uptrend continue?
What if price reach the R1, but the bar doesn't close above? The bias is a pullback, reverse it is?
I would like to read those who are using this method at least a year!
I want to buy PATIENCE