{quote} my opinion - Statistically speaking, you need to treat each swing/entry separately, if that's how you backtested your strategy. The second entry has nothing to do with the first entry other than giving you an "average position".
A taste of things to come. Enjoy the chart! {image}
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I love this. I think the think i so hungry to master is Money Management. I pray God continue to open my eyes. I miraculous found you. i don't have 1k for money management course but if hungry enough i believe it can revealed!
kingdomgloba : at the very first post of this thread you will find the link to the summary of this thread made by kilian... attached in the 31st post of that thread you will find the 2 main methods of mm explained and used by Damian ... just choose one of them and stick to it... hope this may help you
kingdomgloba : at the very first post of this thread you will find the link to the summary of this thread made by Kilian... attached in the 31st post of that thread you will find the 2 main methods of mm explained and used by Damian ... just choose one of them and stick to it... hope this may help you
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Thank you, I've read them I have a better understanding now, I was wondering do we have smoothed ratio excel sheet attachment. I'm not savvy with excel, but I wanted to apply the strategy in a more trackable way
{quote} Thank you, I've read them I have a better understanding now, I was wondering do we have smoothed ratio excel sheet attachment. I'm not savvy with excel, but I wanted to apply the strategy in a more trackable way
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Here (https://www.forexfactory.com/showthread.php?p=8824061#post8824061) you go.
{quote} Shit! I have put a 113% retracement on my fibs just for this reason, seems it'll hit that and then go in the original direction. Thanks again for the pattern tool!
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BMdenton23
Could I ask where you got the harmonic indicator from? I have a Ninja license, but am looking for a good indicator without having to pay.. at least without having to pay very much.
{quote} BMdenton23 Could I ask where you got the harmonic indicator from? I have a Ninja license, but am looking for a good indicator without having to pay.. at least without having to pay very much.
{quote} Shit! I have put a 113% retracement on my fibs just for this reason, seems it'll hit that and then go in the original direction. Thanks again for the pattern tool!
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Lawnman, interesting observation. For example, on a Gartley you would use just below/above the 113% for your stop vs. one much tighter as the expectation fails?
Happy Thanksgiving to all who recognize and celebrate it. I have been out a couple weeks and looking to get back in the action next week.
{quote} Lawnman, interesting observation. For example, on a Gartley you would use just below/above the 113% for your stop vs. one much tighter as the expectation fails? Happy Thanksgiving to all who recognize and celebrate it. I have been out a couple weeks and looking to get back in the action next week.
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Correct, what I have been working on uses a stop just above the 113. I looked for, but couldn't find a post(s) by jmezz, he used the 113 a lot. I think it has to do with market expansion.
Returned from the holiday and some travel today. One trade -47. Took a small risk (which ended up slipping about 20 points on the poor ISM news) on the larger order flow. Once price takes off like this, it is outside of my plan for entry, so back at it tomorrow.
Returned from the holiday and some travel today. One trade -47. Took a small risk (which ended up slipping about 20 points on the poor ISM news) on the larger order flow. Once price takes off like this, it is outside of my plan for entry, so back at it tomorrow. {image}
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it's drop 700+ point on first 2 days, the swing is untradable for now, hope the dust will settle soon.
Ratios & Harmonics: a Different Way to Trade
