Very good setup forming on EURUSD 1M
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
DislikedStopping volume, looks like GBP might get some breating room for now, will look for long if retraces or if ticks give setup. {image}Ignored
DislikedHi janpec! Thanks for the thread! I would like to here you comment on this pic. Are those valid trendlines I've added? {image}Ignored
Dislikedah, "the kiss goodbuy" Could you give us some details about how you reason around moving SL to BE? For instance if you are 50% in profit (relative to TP) do you move SL to BE? or if you are 75% to target, do you further move SL to lock in some profit? For instance, if >75% in profit you could move your SL below/above last swing high / swing low?Ignored
DislikedGreat thx for info, and indeed. I will experiment with it a bit. I use the technique I described to protect against losses and locking in profit on another system with success (more profitable than not moving SL at all), but that is 5M system (w/ daily/1H bias). Downside is of course that I sometimes get stopped out just to see price turn around and hit my TP... so I suspect that problem might come more into play here on this lower TF...but we'll see.Ignored
Dislikedsorry for many questions here but I think it's relevant; Do you take into account "psych levels" like round numbers and pivot points when entering trades? For instance if you get a signal to go long at 1.4546 and your TP would be well into the 1.4550s, do you discard that entry or trade it anyway? (IMHO price is likely to have some reversal reaction to such a levels so if you SL is tight there's a significantly higher risk (than otherwise) that such a trade would fail). Other such levels of importance could be obvious supply/demand areas like recent...Ignored
Disliked{quote} By the way how do you know that price is likely to reverse at significant price levels of full numbers or pivots? That information is only valid if you have proof of statistical relaibility over 1000 of historical examples to prove that. If you have okay i will take your word into account, if not, there is no edge.Ignored