Trend lines replication or preservation on various asset / TF 0 replies
HYBRID: trading system within a trading system 30 replies
multiple systems per pair/multiple pairs per system? 3 replies
Trading 24 hours per day, 5 days per week 14 replies
Disliked{quote} Thanks again for you views and please don't take it as critique, I am not saying you are doing anything wrong. I am just trying to understand how your mental processes works around this system so I can better understand it. Like you, I have no statistics on price behaviour around these levels. However, after having spent thousands of hours watching FX prices move, I do believe there's some relevancy to my claims in previous post. However, I am not going to hijack your thread here and talk about how I take them into account.Ignored
Disliked{quote} This is good example how you were stoped out just becouse you were late in entry. Look at correctly drawn trendlines acording to relative price action. If you drawn correctly you would actually won, but being late made you lose the trade. As i said many times before, last two major highs or lows are the most important, after you get print of those two new highs stop looking at any other highs or lows in history becouse it doesnt matter in terms of near term change. {image}Ignored
DislikedAgree 100%. In the spirit of sharing, here's a good tip I wish somebody had told me when I was starting out: I use Ninjatrader market replay functionality to test out new strategies. With that function you can replay any day in the past for as many pairs (or other instruments) as you want. So I have 4 screens and with 4 pairs per screen that totals 16 pairs. It's exactly like real trading except you can "fast forward". Using Ninjatrader is absolutely free (until you go live) . I am in no way affiliated with Ninjatrader. Only thing is their function...Ignored
Disliked{quote} Just to give my 2 cents. Look the image below... If you draw some horizontal lines where SR are present (black lines) you could have avoided that trade altogether. If you are familiar with simple patterns we know that price will form a flag, pennant, or triangle after the impulse leg, therefore considering that resistance level where you got stopped would have saved you. As Jan pointed out, if you had made your entry earlier you could expect the price to move until that resistance where you would had taken profits out. I'm still working...Ignored
Disliked{quote} Yes the whole structural high has to trade higher with candle closes in order to validate further upside movement. However the black resistance line that you drawn should be from the strongest high point of that last high in order to validate it. The longer the price trades above it the more valid it is, basically the oposite of what 90% of trading information is going to tell you (trade bounces when price hands around for while). {image}Ignored
Disliked{quote} Just to give my 2 cents. Look the image below... If you draw some horizontal lines where SR are present (black lines) you could have avoided that trade altogether. If you are familiar with simple patterns we know that price will form a flag, pennant, or triangle after the impulse leg, therefore considering that resistance level where you got stopped would have saved you. As Jan pointed out, if you had made your entry earlier you could expect the price to move until that resistance where you would had taken profits out. I'm still working...Ignored
Disliked{quote} Are you going to trade around the U.S. Unemployment Claims or the Crude Oil Inventories?Ignored