Disliked{quote} Demon, a great TP strategy is when APB candle change color And when it touches the 5 EMA see example. {image}Ignored
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Disliked{quote} Demon, a great TP strategy is when APB candle change color And when it touches the 5 EMA see example. {image}Ignored
DislikedThank you for sharing !! Are you only trading the US30? The APB are very similar to the Heiken Ashi bars but not exactly the same.Ignored
Disliked{quote} Yes I am only trading US30 at NY session 930-12 EST and ABPs are modified HA candles.Ignored
DislikedRISK MANAGEMENT I don't use % for RM I use something called Risk Per Click This is determined on my MAX FLOATING RISK. Currently my MFR is $1k. I am taking 250$ clicks. I can take a max of 4 clicks on any given setup. Big Stop Big Size (More clicks) Small Stop Small Size (Less clicks) And MAX RISK should only be utilized on a perfect setup, I am using a tool called "EASY ORDER PRO MT4" available from the MT4 market to do this.Ignored
Disliked{quote} RISK MANAGEMENT I don't use % for RM I use something called Risk Per Click This is determined on my MAX FLOATING RISK. Currently my MFR is $1k. I am taking 250$ clicks. I can take a max of 4 clicks on any given setup. Big Stop Big Size (More clicks) Small Stop Small Size (Less clicks) And MAX RISK should only be utilized on a perfect setup, I am using a tool called "EASY ORDER PRO MT4" available from the MT4 market to do this. The way you manage your risk is interesting. Could you explain more about this? So you have your stop loss; by calculating...Ignored
Disliked{quote} I am a scalper. Trades with a smaller stop are usually more risky and there is a greater risk of such positions instantly backfiring. Hence these positions use less clicks and less risk. I use 2/3 clicks on a setup that is good. Meaning it has a good stop and it's a valid setup with context. I understand this is somewhat vague in terms of defining the quality of a setup, but some setups are better than others and this comes in the form of experience/knowledge/instinct You can see additional markings on my charts, these all have meaning but...Ignored
Disliked{quote} Super clear explanation on the risk management and the setup. Thank you very much. Yes I was also thinking about "there must be more essential, fundamental things to look for besides candles changing color" then I see you are plotting the SnR (key level). Yeah, I think I know how you determine a better setup and a "normal" one. It all goes back to the fundamental comprehension of the market. This is KISS (keep it stupid simple) method that, in my opinion, can only be achieved after you experience the market and know how it flows. Wishing...Ignored