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Hit and Run Strategy

  • #101
  • Nov 30, 2017 11:04am Nov 30, 2017 11:04am
Quoting blewab
{quote} CADJPY H4 - The market reversed and I had my S/L set to break even. Potential new setup forming.... {image}
Yes after the new high is made it can make another setup. Just follow the same rules as the first entry.

Also, the NLD does not technically have to stay blue. This is assuming you already have a position. If the NLD closes red here and you have no position, then there is no entry.

It just depends how you want to do money management. If you are in a trade and NLD changes color. You can:

1. Get out on the close of red
2. Keep your original stop and target
3. Tighten up the stop to a recent significant low (If its higher than the original stop)
  • #102
  • Nov 30, 2017 11:08am Nov 30, 2017 11:08am
Quoting Fiddy
{quote} Yes after the new high is made it can make another setup. Just follow the same rules as the first entry. Also, the NLD does not technically have to stay blue. This is assuming you already have a position. If the NLD closes red here and you have no position, then there is no entry. It just depends how you want to do money management. If you are in a trade and NLD changes color. You can: 1. Get out on the close of red 2. Keep your original stop and target 3. Tighten up the stop to a recent significant low (If its higher than the original stop)...
Thanks for clarifying Fiddy. I just saw your video on setting up the buy or sell stop. Thanks for that!
  • #103
  • Nov 30, 2017 11:21am Nov 30, 2017 11:21am
Fiddy, I'm applying what I've learned in your video. Is this the correct buy stop?

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  • #104
  • Nov 30, 2017 11:24am Nov 30, 2017 11:24am
Quoting blewab
Fiddy, I'm applying what I've learned in your video. Is this the correct buy stop? {image}
Perfect!
  • #105
  • Nov 30, 2017 12:22pm Nov 30, 2017 12:22pm
GBPUSD 30 MIN
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  • #106
  • Nov 30, 2017 3:43pm Nov 30, 2017 3:43pm
Quoting Fiddy
GBPUSD 30 MIN {image}
Hey Fiddy,

I got a question,

Can you list the different pip ranges of entry setups for different timeframes?

Fore example: 4 hr tf we zoom in on 1 hr tf to look for entry and we use 8 pip box for entry?

So if u can list the time frame being traded, time frame to zoom in, and the entry box pip size. For each time frame from 15min up.

thank you,
  • #107
  • Edited 5:40pm Nov 30, 2017 4:18pm | Edited 5:40pm
Quoting hibra68
{quote} Hey Fiddy, I got a question, Can you list the different pip ranges of entry setups for different timeframes? Fore example: 4 hr tf we zoom in on 1 hr tf to look for entry and we use 8 pip box for entry? So if u can list the time frame being traded, time frame to zoom in, and the entry box pip size. For each time frame from 15min up. thank you,
As a rule, drop 2 timeframes to Zoom In. So Daily - H1, H4 - 30, H1 - M15. There is no set pip range. The idea is that as you go up in time frame, you will have a greater pip box size. The problem with just setting one fixed amount for trading forex, every pair has a unique range and volatility. So ultimately, there is no set amount.

Post #98 - Has a video that explains how you can take each chart, regardless of the time frame or pair, and measure 1/3 of the pairs range and volatility to find an good spot to place your orders.

Post #73 - Also, there is a Type 2 entry where there is no measuring involved you can just use the high/low of a prior candlestick.

Hope that helps!
  • #108
  • Nov 30, 2017 7:33pm Nov 30, 2017 7:33pm
Hi Fiddy,

- For type 2 entry, do u keep on moving the high/low till the market trigger the pending order ?

- What is your recommended time frame to use for day trading (i.e. close the trade at the end of the day or sessions)?

- Can this method apply to scalping. If yes, what is the best time frame to use?

Thks )
  • #109
  • Nov 30, 2017 9:26pm Nov 30, 2017 9:26pm
AUDNZD, M30 21 pip profit. There's a new setup forming as well.

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  • #110
  • Nov 30, 2017 9:41pm Nov 30, 2017 9:41pm
Quoting dylanwee
Hi Fiddy, - For type 2 entry, do u keep on moving the high/low till the market trigger the pending order ? - What is your recommended time frame to use for day trading (i.e. close the trade at the end of the day or sessions)? - Can this method apply to scalping. If yes, what is the best time frame to use? Thks )
Yes type 2 to you keep advancing the pending order as long as its an down bar in and UP TREND, and an up bar in a DOWN TREND.

Day Trading is 15 MIN or 30 MIN

Scalping? a 15 MIN chart will probably give you 15 - 30 pips
  • #111
  • Nov 30, 2017 10:16pm Nov 30, 2017 10:16pm
GBPCAD, M30 - 36 pip Profit

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  • #112
  • Nov 30, 2017 10:26pm Nov 30, 2017 10:26pm
Quoting Fiddy
{quote} As a rule, drop 2 timeframes to Zoom In. So Daily - H1, H4 - 30, H1 - M15. There is no set pip range. The idea is that as you go up in time frame, you will have a greater pip box size. The problem with just setting one fixed amount for trading forex, every pair has a unique range and volatility. So ultimately, there is no set amount. Post #98 - Has a video that explains how you can take each chart, regardless of the time frame or pair, and measure 1/3 of the pairs range and volatility to find an good spot to place your orders. Post #73 -...

Thanks Fiddy all good explanations.

This might turn into an EA one day.
  • #113
  • Dec 1, 2017 12:35am Dec 1, 2017 12:35am
EURAUD, M30 - 22 pip profit.

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  • #114
  • Dec 1, 2017 3:38am Dec 1, 2017 3:38am
Quoting hibra68
{quote} Hey Fiddy, I got a question, Can you list the different pip ranges of entry setups for different timeframes? Fore example: 4 hr tf we zoom in on 1 hr tf to look for entry and we use 8 pip box for entry? So if u can list the time frame being traded, time frame to zoom in, and the entry box pip size. For each time frame from 15min up. thank you,
Use brain and ADR or ATR, you cannot use fixed pip amount, because market behaviour change all the time, discretion needed
  • #115
  • Dec 1, 2017 3:52am Dec 1, 2017 3:52am
Quoting longtrader
{quote} thank you
these videos don't have sound in it.
  • #116
  • Dec 1, 2017 7:06am Dec 1, 2017 7:06am
Quoting T4Trade
{quote} these videos don't have sound in it.

yes he is explain well why need to sound buddy?
  • #117
  • Dec 1, 2017 9:16am Dec 1, 2017 9:16am
Is it going to bounce?
EUR/USD
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  • #118
  • Dec 1, 2017 10:11am Dec 1, 2017 10:11am
BOOM
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  • #119
  • Dec 1, 2017 10:33am Dec 1, 2017 10:33am
SCALED OUT 1
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  • #120
  • Dec 1, 2017 11:11am Dec 1, 2017 11:11am
Quoting Mhons
{quote} Use brain and ADR or ATR, you cannot use fixed pip amount, because market behaviour change all the time, discretion needed
what u mean brain?
are u suggesting im not using my brain? or are u talking about braintrend indi?
if its first one, i am using my brain and asking the op the details about his system and not making shit up like atr or something else.
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