Dislikedc-12 u told the details of indicator at 1st post but didnt post the trading rule that is the problem , nebbie dont know the trading rule for this system like Buy Rule 1:watch H4 timeframe , if H4 Tf is at demand and retouching it 2: then go to lower TF m30 and watch if it is also at demand and making Engulfing candle 3:then enter buy when engulfing candle should close , and put SL below the zone , or below that engulfing candle low same but opposite for Sell trade setup plz make rues like it thankx .. does my above lines are true ?Ignored
You need fixed rules for position sizing, risk management, R:R ratios, daily loss stop limits, news trading etc. This is all down to personal preference.
If I'm confident of D1/H4 direction then I can go to H1/M30/M15 to find a PA or zone entry (which you can see highlighted on the recent 150 pages of this thread). Stop goes behind the entry PA or zone. Exit will be next obvious zone as long as that is at least 2:1 RR away.
The most important thing is to never let losers spiral out of control. Cut them fast at all times. If your zone fails or the engulfing PA gets engulfed in the opposite direction then cut the trade and accept the loss.
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