Simple trading but profitable

Quoting metta87

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just like bubayaga said, the issue with this way of trading have always been that price can whipsaw around the line a lot more than you may think, resulting in many many small losses before price takes off...if it does indeed take off.Cause sometimes even when price decides to run away from the line, it doesnt do so enough to recoup the small losses endured. using the chart example in the post above, price crosses the line 5 times before moving 30 pips up..then returning to the same line Again. The problem is, it looks like price crosses the line...

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Quoting JacolineFIS

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Instead of entering on every line cross, the best way to reduce the noise is to go down to the 5min or 1min TF. So, on the hourly TF draw your line of interest. Say in EU the line is at 1.1820 because that is a significant level. when price hits that line, go down to 5-min TF and start drawing a range because price will likely "stall" at that price area. Only enter Long if the price breaks to the top, and only enter short if price breaks to the bottom. That way any price fluctuation within the range (that crosses the line multiple times) is ignored...

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Quoting MichaelSch

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{quote}Thats it. Do not complicate this, is so simple and gives me a huge smile after all the years i spent time with forex. Nice one liunliun ...

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Quoting metta87

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{quote} Well it looks simple in theory, but when you will go and try it in real time (demo or real) you will see for yourself. This « technique » has been discussed in ff many times before

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Quoting MichaelSch

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{quote} I do my test on real and for me it is good, so simple that i have get this not by myself. Without a money management you go with any strategy to nowhere.

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Quoting metta87

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{quote} Money management wont save you with this technique when price will chop around your line for ever, the only thing needed here is volatility. 1st to limit the crosses 2nd to allow price to move far enought to cover all small losses period.

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Quoting MichaelSch

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{quote} If you pick strong lines, the chance is good to have a good move. So many methods use bounce or cross technique, not new. If you reduce SL to a minimum you get more SL hits, but if you are on the right track and you able to let the trade run and stack trades you get the losing trades back.

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Quoting liunliun

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because its too simple ,that ppl don't believe that can make green pips. but in fact, every method can give you profitable ,that you just need to do is that make sure your tp:sl>=2:1

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Quoting liunliun

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this is not a system that teach you how to trade in the market. this is a tool or function that help you to know the market and deal with the market!! then i will show you guys some real chart in the future market.

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Quoting JacolineFIS

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here is what i was talking bout, the blue rectangle is my range. I too a sell stop below the range and will only take the buy stop above the range if price goes above it. If price goes below again, I will take another sell order, and so on and so forth {image}

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Quoting MichaelSch

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{quote} If you pick strong lines, the chance is good to have a good move. So many methods use bounce or cross technique, not new. If you reduce SL to a minimum you get more SL hits, but if you are on the right track and you able to let the trade run and stack trades you get the losing trades back.

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Quoting MichaelSch

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{quote} Your range is nothing in stone writen an can be any time take over by the next turn. You increase your SL by doing this and place this behind this. That is not part of the idea, the way i get it. Only the line and entry short above or under it. You going to want fix this main idea? You can also use LL and HH for a pending order in M1? Not part of the introducing. Hope LiunLiun will post further details, but seems all is said about ...

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Quoting MichaelSch

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{quote} .. and he give us a great enty model not a complete system with all what are need for this. It is our task to do this for OUR needs.

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Quoting JacolineFIS

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here is what i was talking bout, the blue rectangle is my range. I too a sell stop below the range and will only take the buy stop above the range if price goes above it. If price goes below again, I will take another sell order, and so on and so forth {image}

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Quoting JacolineFIS

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{quote} This is to reduce the number of crosses. If you take my method, the range has been crossed only 3 times so far, 2 long and one short trades. If you were to just take the "simple" crosses with no filter , you would have 17 crosses so far around the line .. so which way would u rather trade?

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Quoting MichaelSch

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{quote} You get it not. This entry model is for a simpliness without any interaction from ranges and so on. For sure i trade this with a short space, BUT not fixed to some other decisions. For me it work because it is simple as it is and for free me from another things i take in account. That is also not shown from the thread starter. Let us wait for him to make it clear what he make on the balance line.

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