we have 1st, 2nd signal & super confirm signal
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Disliked{quote} I live trade something very similar to this but only using daily charts as I have other businesses to run. My brokers EOD (UK trader) is 11PM so it takes me around 30 minutes a day to look at 20 pairs, silver, gold and BTCUSD. I haven't time to daytrade this but I would imagine the Frankfurt-London window should provide most liquidity. G/U looks a good setup on the H1.Ignored
Disliked{quote} I live trade something very similar to this but only using daily charts as I have other businesses to run. My brokers EOD (UK trader) is 11PM so it takes me around 30 minutes a day to look at 20 pairs, silver, gold and BTCUSD. I haven't time to daytrade this but I would imagine the Frankfurt-London window should provide most liquidity. G/U looks a good setup on the H1.Ignored
Disliked{quote} Yes, all fair comment - I accept that, of course. Thanks both for what you said and the way you said it.Ignored
DislikedSo i took 2 trades on E/J. I am not sure about the second one. The signal candle is quite big, but the first entry was fine. I don`t belive the initial R:R (Minotawr sayed 1:3) is working on D1, so what is best for daily? {image}Ignored
Disliked{quote} I couldn't say what is the best R:R at Daily. I would adjust it manually. Take a look at the chart and see if there are some pivot points. And then just follow the chart to watch for price action bars. I am going to make a comprehensive backtest on this strategy soon. I will tell about my findings in the thread. Why are you trading daily? Because of work?Ignored
DislikedI have updated my answer above. It is often seen, that a big bar is followed by a bar at the same size in the opposit direction. I think that it is some people with loads of money that manipulates something. At some post OP in the matter fact did tell what he does when a large bar occurs. If the signal bar is very big (he did not specify a size), then he wait to see, if the coming two bars can have the same size in the trend direction. Then he might take the trade. This is the approach I will take. I will also take a look at RSI, Stocastich, CCI...Ignored
Disliked{quote} This time i catch the trend early we have 1st, 2nd signal & super confirm signal {image}Ignored
Disliked{quote} Aliens HAS left the trade. Don't write her anymore. Minotawr - the thread starter hasn't been at FF since last summer. He got the Covid and he might be one of the people that died?? I really wish that people all over the world would fear this illness more. Too many people keep ignoring it and thereby feed the pandemic. Xmess7 who wrote a fantastic EA for this strategy, haven't posted in this thread since 1. september 2020. His last post at all was 8. november 2020. He was top 1% High impact member with 4,748 posts at FF. What became of him??...Ignored
Disliked{quote} I have heard from Xmess7. Appearently he is busy in some Bitcoin forum. I use his EA. In this strategy you cannot just let an EA run constantly. It must be fed with the pairs that are trending. So I feed it daily and if I dont have time for that, then there is no trading.Ignored