mansan,
slow down its sunday everything is closed but the big bad Bitcoin...
we work the hardest pair due to the large spread and then everything will be less of a risk.
hard work first.
cpfleger
mansan,
I will throw you a Bone, upload the attached Template onto a 5M Chart ensure you have the same Indicators, see above paperclip, screenprint when done.
cpfleger
mansan,
arrows are optional for my old eyes, the SR Boxes are better.
so here comes a thought that you may or may not be aware of - we only trade the first 3 candles once a candle touches the 6 LWMA Line....
we add a trailing stop loss of 3 pips to ensure profitability to the open trade.
we do not trade until this rule is met, we follow the Market and close quickly to build confidence and self discipline.
magnify the chart all the way (zoom inwards).
cpfleger
mansan,
in between trades, we watch the candles and zigzag numbers (top and bottom) just like the resistance box is forming as I write, the market talks to us every minute.
cpfleger
mansan,
we do NOT care about TP / SL because when the market moves it tends to flow for 1 to 3 candles consistently, so we focus and with eyes open we manage the trade.
3 pips per trade for 20 trades gives us Confidence.
cpfleger
