Charting Markets into the Future...MǎҖ€¥.
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Quoting JayalFXDislikedthank you both, Sun and MaxIgnored
Quoting yulvmeDislikedFirst off, I'd like to say this system rocks. Great system, but I have a question. Do you guys usally enter the trade once the candle breaks the line? or do you wait until the retrace before entering? I'v noticed many times the retrace after the break. But, then again it sometimes there's no retrace and it just keeps on going the way as planed. What's the ratio of this does anyone know? any suggestion would help, IE: narrow slops don't trade etc..Ignored
Quoting carmelDislikedIn addition to only going with the daily trend, I use another recommendation provided on this thread: Enter once the new bar forming over/blow the trend line has made a positive move of at least 20 pips. I often place a stop entry buy/sell at a point about this far out then set a limit of a modest amount somewhat short of the projection. If I see a projection of 80 -100 pips I may set the buy/sell at 20 pips into the breakout with a 20-30 pip limit. Pips are often left on the table should the move hit the projection, but taking 20-30 works for me!Ignored
DislikedIn addition to only going with the daily trend, I use another recommendation provided on this thread: Enter once the new bar forming over/blow the trend line has made a positive move of at least 20 pips. I often place a stop entry buy/sell at a point about this far out then set a limit of a modest amount somewhat short of the projection. If I see a projection of 80 -100 pips I may set the buy/sell at 20 pips into the breakout with a 20-30 pip limit. Pips are often left on the table should the move hit the projection, but taking 20-30 works for...Ignored