OK... Heres a good example of what to do on ET pair Daily This how it works an any time frame ....................if you can't get it from this picture then don't trade this Strategy Inside candles are a sign of continuation {image}
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thanks... made a successful trade earlier today on the Uj... slowly getting it....
I hope ya'll get it now................lots of opportunities USE Common sense and practice
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thanks bro.... earlier u said u only trade UJ, GJ, GU, AU, EU and GU. Today i see charts of NU and EA. Do you also trade those? Also just to clarify a bit on the 50% trades. So once we have a 50% or less bar, we can take either direction according to which direction 2-3pips it takes off in after that? Meaning we set 2 orders in opposite directions from the body close and open of the 50% bar and close one when the other triggers or do we only trade in direction of the 50% bar i.e trade long if the 50% bar is a bull bar? ALso exit rules, could you clarify the exit rules for the inside bar strat abit more? I get that the 50% trade we close on the high or low of the preceding bar to the 50% bar depending on the direction of the trade, but what about for trades taken off inside bar? The RSI rules? or ? Thanks in advance!
THis is an example of how a trade wouldn't have worked. Could you share if this was as per rules and if yes, some insights maybe as to why it didn't work out? CHeers!
THis is an example of how a trade wouldn't have worked. Could you share if this was as per rules and if yes, some insights maybe as to why it didn't work out? CHeers! {image}
{quote} thanks bro.... earlier u said u only trade UJ, GJ, GU, AU, EU and GU. Today i see charts of NU and EA. Do you also trade those? Also just to clarify a bit on the 50% trades. So once we have a 50% or less bar, we can take either direction according to which direction 2-3pips it takes off in after that? Meaning we set 2 orders in opposite directions from the body close and open of the 50% bar and close one when the other triggers or do we only trade in direction of the 50% bar i.e trade long if the 50% bar is a bull bar? ALso exit rules, could...
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You can trade any pair as long as the setup is in your favour
The MM is whatever you fell comfortable with ....normal TP would be the distance from the high to low of the same candle that your trading off of (the inside bar, if there two or three pick the biggest one)
THis is an example of how a trade wouldn't have worked. Could you share if this was as per rules and if yes, some insights maybe as to why it didn't work out? CHeers! {image}
Thanks for posting the counting indicator. I took a look at it just now and I see a way it could be traded. Look for this 3 daily candle pattern and trade the 4th candle by opening a trade at 4th candle open, and close the trade at 4th candle close. For a buy, find 3 consecutive red candles with this pattern 1, 3, 2. For a sell, find 3 consecutive green candles with this pattern 1, 3, 2. By "1, 3, 2" I'm mean something like 74, 103, 91. P.S. 3, 1, 2 works also, and I'm sure there are others.
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TGS....you can do what ever you want ....right know we're focused on what I'm doing please don't confuse things
Maybe start you own thread and clarify it there
Welcome for the indicator
THis is an example of how a trade wouldn't have worked. Could you share if this was as per rules and if yes, some insights maybe as to why it didn't work out? CHeers! {image}
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Ya gotta use some common sense (the bulls are pissed and are not going to let the bears win when price had fallen like it did)
Attachment g
The only problem is ...it's sitting in a support zone (look left)........Sell stop is set we'll c if it pans out
So what I'm going to do is go to the one hour and trade inside this daily trade
Thanks for this. When i first stumbled upon this thread, from the first couple of posts i would assume that this was a mechanical trade strategy. Given that from the first couple of screenshots, i see that you took every setup that would have occured regardless of the direction. In fact it was even stated that for counter trend, the probability is still quite reasonable. Naturally, there is some discretion involved and i am glad to be clear on this now. So therefore, even if the trade was with the trend being below SMA50 and RSI was down, i would still have to have used more discretion as to whether to take the trade, Got it. with regards to my SL being too wide, just wanted to ask why you have said that since i had this impression from your earlier post that it was to be set at the high or low of the first cadle OR the high or low of the wick of the second candle whicher is higher or lower. I might have misunderstood correct me if im wrong. Going forward i would also try to find all examples of the trade setups, mark em and counter check with you here if you had taken them or not and the reasons why so that we may all learn from the teacher himself. Cheers!
