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DislikedHere's how I'm setting up my GBPUSD. Experimentally, I'm using the Trend Channels indicator on TradingView to determine H4, H1, M15 trend directions / support and resistance levels and then setting up my risk management around those levels instead of arbitrarily setting up 2:1 brackets. Similar to an EMA, Trend Channels merely just tells us what direction price wants to move on any timeframe giving the simplest of edges. I'm still risking more then I'm taking in this trade, but its definitely less. Essentially just adding top down analysis in conjunction...Ignored
Disliked...DislikedHere's how I'm setting up my GBPUSD. Experimentally, I'm using the Trend Channels indicator on TradingView to determine H4, H1, M15 trend directions / support and resistance levels and then setting up my risk management around those levels instead of arbitrarily setting up 2:1 brackets. Similar to an EMA, Trend Channels merely just tells us what direction price wants to move on any timeframe giving the simplest of edges. I'm still risking more then I'm taking in this trade, but its definitely less. Essentially just addingIgnoredIgnored
DislikedHere's how I'm setting up my GBPUSD. Experimentally, I'm using the Trend Channels indicator on TradingView to determine H4, H1, M15 trend directions / support and resistance levels and then setting up my risk management around those levels instead of arbitrarily setting up 2:1 brackets. Similar to an EMA, Trend Channels merely just tells us what direction price wants to move on any timeframe giving the simplest of edges. I'm still risking more then I'm taking in this trade, but its definitely less. Essentially just adding top down analysis in conjunction...Ignored
Disliked{quote} TMI We know nothing, PA will do what PA will do, we just have to take probabilities into calculation. This will only come with backtesting ea. 10 more manual trades and then I may pay a developer to create one.Ignored
Disliked{quote} Seems like it, but it’s really not. 3 htf confluences with basic analysis to help create more favorable entry and exit points. I’m not saying it’s better but it’s nothing to dismiss completely. As you can see it was definitely better on that recent GU trade. CPP is doing the same thing, using algorithmic based analysis to create favorable areas to trade in. We can’t just say PA does what PA does, as this generic statement can invalidate every strategy created. PA analysis is what this system was created onIgnored
Disliked{quote} I do not disagree. This techniques is already based, as is, on a very valid technique of expansion towards the previous S4, R4 levels. I consider that to be 1 indicator. I have been trading live for 3 years, I am putting my today swing trade for display to sort of making a point. All based on backtesting 1,000 trades with my personal technique. I do use only one indicator(not shown here). Dow Futures 5 min. {image}Ignored
DislikedDefinitely looking for long. H4 and H1 are in uptrends, and M15 is in downtrend, wait for m15 trend break and CPP will handle the rest. Showing short setup too {image}Ignored