DislikedHi Alan, I read this thread from first post. It sound great and thank you for sharing this strategy. I sometimes confuse AB=CD and ABCD. So when we use ABCD and when we use AB=CD. In Post 5,861, I see you add AB=CD and ABCD .Ignored
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DislikedHi Alan, I read this thread from first post. It sound great and thank you for sharing this strategy. I sometimes confuse AB=CD and ABCD. So when we use ABCD and when we use AB=CD. In Post 5,861, I see you add AB=CD and ABCD .Ignored
Disliked{quote} AB=CD and ABCD give you additional targets for the price to move towards. Usually I'll choose a closer target because it's safer. Remember that these tools only tell you the target. Time, entry, timing, money management are equally important.Ignored
Disliked{quote} No not at all. It is a method based just on the 20 pips of movement until a target is reached or we get stopped out never risking more than 1% So, today's collective trades add up to 24% and we never risked more than 1% {image}Ignored
Disliked{quote} Good morning Allan That is based on your quartile idea right? I mean, it is absolutely worth trying it out. 24% in a day, (are u for real?), pretty genius though!Ignored
Disliked{quote} Hi Alan, thank you for sharing. I read to page 46 and I have a question. In this time, this trading method still work correctly, right? Do you change any thing from the first page?. Have a good dayIgnored
Disliked{quote} Hi Alan, thank you for sharing. I read to page 46 and I have a question. In this time, this trading method still work correctly, right? Do you change any thing from the first page?. Have a good dayIgnored
DislikedJust to recap on the way I do it, here is a 5 min chart explanation. {image} We see we have a target 40+, worth a go. Once we get in, we move the stop to far less than 1%. We can add more trades if: (a) we want to make more profit. (b) we want take make back a previous loss.Ignored
Disliked{quote} Sorry Alan, I have a question, on how to set your current stop loss (not immediately after the tested candle or 10pip). With such a large price gap, will you close the order when the price is not running as you want?Ignored
DislikedI am just taking little scalps today and only made $5.52 so far. {image}Ignored
Disliked{quote} I set an initial stop that is half as much as my target. Then I move the stop as I add more entries.Ignored
Disliked{quote} I understand your current money management strategy limits the risk to only 1% while being able to get more profit when adding new entries. But I have a question if my entry seems to be running in the wrong direction but not yet reaching the sl or the price is not hitting the target which is likely to change direction when blocked at the div. Should I close the order or leave it as it is?Ignored
DislikedGrrrrr $6.51 profit and off to bed. Too many tiny stop outs today the darn thing will not run in any direction for any length of time.Ignored