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Attachments: Continuation or reversal trading M15
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Continuation or reversal trading M15

  • Post #1
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  • First Post: Jan 30, 2016 1:08pm Jan 30, 2016 1:08pm
  •  dforant1
  • | Joined Oct 2009 | Status: Member | 462 Posts
Which is more successful continuation or reversal trading M15?
  • Post #2
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  • Jul 18, 2020 8:33am Jul 18, 2020 8:33am
  •  nakladalka
  • | Commercial Member | Joined Apr 2019 | 11 Posts
Depends on how you trade. Do you trade just candlesticks patterns, or you wait for reversal to happen and go test snr again?
  • Post #3
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  • Jul 18, 2020 6:10pm Jul 18, 2020 6:10pm
  •  MoneyZilla
  • Joined Dec 2015 | Status: Bang_OO_Mango | 2,822 Posts
Continuation trading is super easy on the MN. To trade it on W1, one needs at least 4 times the balance required for the MN. $1,000 for the MN is the minimum, as the draw-down and the return are both coming at 25-30%. W1 requires, at least $4,000. D1 goes with $20,000 or more. H4 goes to $120,000 or more. I am pretty sure it is more... H1 goes steady over $500,000, M30 is over $1,000,000 and finally, your favourite M15 - $2,000,000 at least. I am pretty convinced 2m is way too low for M15 continuation trading...
Reversal trading? Go to Pivot Trading tread. You can master reversals in there. It is just a piece of cake!
IQ 69. Bang_OO_Mango.
  • Post #4
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  • Nov 6, 2020 8:15am Nov 6, 2020 8:15am
  •  Brannel
  • | Joined Feb 2020 | Status: Member | 36 Posts
You should understand that everything depends on the chosen strategy and time frame. We can open opposite positions with you from one point and make profit in both cases. Take Profit and Stop Loss are also important here, as well as free margin, etc. I think it would be more appropriate to consider this situation from the position of a specific strategy - then it would be possible to discuss a specific action plan to implement this. But for this, it is also important to learn how to make accurate calculations so that you don't make a mistake and put your capital at increased risk. This is exactly what distinguishes a professional from an amateur and what makes it possible to achieve high results and remain successful in the market for a long time.
  • Post #5
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  • Nov 6, 2020 8:28am Nov 6, 2020 8:28am
  •  tommydoginti
  • | Joined Oct 2020 | Status: Member | 256 Posts
Quoting dforant1
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Which is more successful continuation or reversal trading M15?
Ignored
It really depends on the tools and strategies you choose to use.
Most tools are actually useful in both continuation and reversal. A few are focusing on only one type.

For example, I "invented" a MACD variation that can give me a "Slope" at verge of reversal instead of divergence. Can I trade reversal? Of course it can.
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But I actually use it for continuation afterwards when a hidden divergence appears. The reason can be very personal: I am more fearful of loss than missing out. A FOMO probably traded reversals.
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If optimized, you can have strategies for both types of trade each have >50% win at 1:1R and be profitable in a long run. Eventually it is down to your preference.
Strategy Refining Zone All Time Return: 4.6%
  • Post #6
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  • Jan 7, 2021 3:39am Jan 7, 2021 3:39am
  •  Sainrad754
  • | Joined Aug 2019 | Status: Member | 78 Posts
In my opinion, this is one of the most convenient and promising timeframes to work with short-term positions in forex, because it allows you to analyze more accurately while not creating unnecessary fuss - and this is really important at a time when you are in a more active environment. So I think it's popular for a reason - everything has its reasons. But in general there can't be any rigid recommendations - everyone has to choose what he likes and what provides the most complete understanding of the market, because we are all different and we all analyze the market differently and focus on some details, which really allows us to make the best decisions.
  • Post #7
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  • Last Post: Jan 7, 2021 12:41pm Jan 7, 2021 12:41pm
  •  Eredribaen
  • | Joined Dec 2018 | Status: Member | 102 Posts
Well, the most correct approach here is to buy at the end of the candle, when you can open an order at the best price.
Although some traders don't follow such strict rules and do it whenever they see an opportunity - the same goes for applying hedging.
Regarding this timeframe, I haven't heard any outright negative feedbacks, it does give a sense of freedom to some extent and keeps you from gambling a lot.
You really have to check everything by analysis and testing, because it's true that individual parameters can affect the results.
But it's something you can definitely try - it can work for a lot of people.
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