But that does mean to trade by the heiken ashi itself but to use as a reference on the daily. I'm just throwing ideas. Anybody got any?
different systems for different markets 3 replies
Why different candles on different platforms? 2 replies
Widely different ADX values from different accounts 2 replies
Different Pivots with different brokers 2 replies
DislikedGood to see you back here. After some visual backtesting I see that price is going to range in tight channel before closing the NY. There is point to use stop orders with TP 3 pips on both side of the channel. {image} It is a UJ 1M chart and red vertical is 30 minutes before NY close. This pattern is common and worth for further investigation. SPIgnored
Disliked{quote} Please be careful. The reason for my revision is because of that particular pair I went long yesterday and my drawdown was bigger than expected. It scared me enough to make me close out. Even though I knew it would turn back eventually. And it did come back to where I would have made my target. Here I'll post a pic.Ignored
DislikedGood to see you back here. After some visual backtesting I see that price is going to range in tight channel before closing the NY. There is point to use stop orders with TP 3 pips on both side of the channel. {image} It is a UJ 1M chart and red vertical is 30 minutes before NY close. This pattern is common and worth for further investigation. SPIgnored
DislikedThis trade entry method has good propabilities for winning, but some classical trading methods should be applied for avoiding the losses. 1. SL and risk should be fixed for the black swan events. 2. BE or partial TP after some pips of profit (5 to 10). 3. Many experienced traders are saying: cut the losers and let the profit run. Small losses, small wins, profit comes from bigger moves. May I ask, how did you kept your DD such low? What is the expected profitability for wins of 3 pips? SPIgnored
DislikedThis trade entry method has good propabilities for winning, but some classical trading methods should be applied for avoiding the losses. 1. SL and risk should be fixed for the black swan events. 2. BE or partial TP after some pips of profit (5 to 10). 3. Many experienced traders are saying: cut the losers and let the profit run. Small losses, small wins, profit comes from bigger moves. May I ask, how did you kept your DD such low? What is the expected profitability for wins of 3 pips? SPIgnored