On my Quartile I have added two more levels , the 1.27 and the 1.618
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Dislikedhey jazz , how was the trading today, can you post your chart with todays entries marked and explain why you took these trades thanksIgnored
DislikedWhy is it so easy to see the entries in hindsight, shiny and clear, but so HARD if I do it live?Ignored
DislikedI can find some good entries LIVE actually. But I get stopped out, since I want to keep my risk around 50$/0.4Lot/1th. step. After the SL hit, the move begins... Scream... I don't want to dilute the concept MM here, but I get a bit in love with Alan´s Quartille "SL/TP" tool. Alan, what do you think about if I would combine your Cable-concept with Quartille? It is a different SL/TP situation and would produce lesser profit per day. But it could help me probably to "widen" the action range? It would be further even a bit more mechanical and lesser...Ignored
Disliked{quote} I use it all the time, it helps me find those 50% ZOO points.Ignored
DislikedWhen I see a div at a ZOO point, I see potential. Going Long I can measure the distance from the div point to the EMA and know I have to get at least my first two trades on ASAP before price get's to that EMA. T3 would be a pending order at least 40 pips from the target and above the EMA. So if I can see we are say 15 pips from the EMA at the div I can hit the script to enter T! and place pending orders at T! + 5 for T2 and T1 +20 for T3 Then I need to be able to move all stops to T1 + 1 Then T2 + 1 When T3 is triggered all stops to BE+1 Finally B3 +1Ignored
Disliked{quote} Happy to see so many doing well here. Alan has surely put everyone willing to work at it on a path to good outcomes. As for your observation Robert see this for an explanation https://www.youtube.com/watch?v=-oV9aCTKk3Y. Just to clarify, undisciplined retail traders are the fish .Ignored
Disliked{quote} But for me, since it’s hard at the moment to find the right 1-3th entry trades to achieve 1K profit with 50$ risk, I thought about to simplify the entries and widen the stops, using the entire Quartile method from your Quartille thread. Even using the double sided entry (cancel the opposite one after entry of one). The profit would be most likely bit lesser than 40Px25$ per day. But probably easier for me as beginner. Because it’s much more mechanic and lesser dependent on the exact pinpoint of good entries and hedges. I truly believe in...Ignored
DislikedWell that was definitely a hit so we could look for shorts now. {image}Ignored
DislikedWell that was definitely a hit so we could look for shorts now. {image}Ignored
If so, do you simply enter as soon as the upward bar (3) closes?
Cheers
Disliked{quote} Alan, am I correct in my understanding that bull support is defined by the following three conditions (and the opposite for bear support): Price has closed above the EMA A downward bar prints (but doesn't close below the EMA) Then an upward bar prints next If so, do you simply enter as soon as the upward bar (3) closes? CheersIgnored
Disliked{quote} Not really. The normal thing to do is to take a first entry on a div before it actually crosses the EMA then a second entry after it cross and then retests. The retest is the second entry. If it closes back across the EMA then I close the trade as a dud. With your ABC drawn simply select the AB line and the hold down Ctrl to make e a copy of it and put this on CIgnored
Disliked{quote} Thanks Alan. At what exact point do you enter after the retest? CheersIgnored