hi Lou thank you for the thread it seems to bne a different and interesting way to trade
- #101
- Mar 1, 2024 7:21pm Mar 1, 2024 7:21pm
- Joined Mar 2004 | Status: Senior Member | 1,634 Posts
{quote} It makes a lot of sense with entries and exits and works on the time frames that I like. Check YouTube for TheStrat. Lots of good short videos on how to trade this method. The contributors to this thread are also helpful ... my contacts here are Sonicvista12 and Terry Dawe.
- #103
- Edited 1:41pm Mar 2, 2024 1:31pm | Edited 1:41pm
- Joined Mar 2004 | Status: Senior Member | 1,634 Posts
{quote} Would love to see some more trade examples! I am very interested in how you manage targets. Many of the YouTube videos I have watched talk about usung previous candles high/low as the first target which is often very close to the entry price. From a risk reward perspective I would be very interested to see how you manage that
As far as finding the R:R you want, that is up to the charts and you. If the first target is not to your liking, find another pair Or.. consider another entry point trading wicks with attention to FTFC and broadening formations and reversal areas. Also determine if you are going to watch the chart or set up a 'set and forget' trade. Image shows ATR in pips
- #105
- Edited 6:06pm Mar 2, 2024 5:31pm | Edited 6:06pm
- Joined Mar 2004 | Status: Senior Member | 1,634 Posts
{quote} Another meaningless chart,how about showing the time scale and the actual trade details?
.The poster was given some information to help with looking for better Risk to Reward ratios. He was given a way to find pairs that moved more pips than others in his chosen TF by using the ATR in Pips . His question was about what to do when entry points and TP points were not within his Risk Reward requirements. It was apparent he knew how and where trades were made. It was suggested that if he did not like the R:R that the pair offered, to move on to another pair with a high pip count which he could find using the ATRinPips . It was also suggested he could wait for another entry point.
The purpose of the chart is to show what the ATR in Pips looks like on the chart and it does show the 4 Hr time frame.
I ask that you be helpful on this thread and help this poster.
Especially in this case if you have another method of answering his question about Risk:Reward. I would be interested in seeing that as well. - #106
- Mar 3, 2024 10:42am Mar 3, 2024 10:42am
- Joined Mar 2004 | Status: Senior Member | 1,634 Posts
{quote} Would love to see some more trade examples! I am very interested in how you manage targets. Many of the YouTube videos I have watched talk about usung previous candles high/low as the first target which is often very close to the entry price. From a risk reward perspective I would be very interested to see how you manage that
Inserted Video
{quote} Hi again. Have you seen this short TheStrat video about how to find more favorable risk reward set ups... using both higher and lower TFs ? I think it is a very clear explanation. https://youtu.be/aj9ow4h1-3w
{quote} It makes a lot of sense with entries and exits and works on the time frames that I like. Check YouTube for TheStrat. Lots of good short videos on how to trade this method. The contributors to this thread are also helpful ... my contacts here are Sonicvista12 and Terry Dawe.
looking forward to trade this method
- #111
- Mar 6, 2024 7:15pm Mar 6, 2024 7:15pm
- Joined Mar 2004 | Status: Senior Member | 1,634 Posts
EURUSD: Remember we talked about the weekly hammer recently Lou, looks like it yielded quite well so far. {image} {image} {image}
I got distracted with shorter TFs.
- #115
- Mar 7, 2024 2:44am Mar 7, 2024 2:44am
- Joined Jul 2011 | Status: Gold Again | 10,611 Posts
Price action description on chart.
It takes a lot for me to IGNORE you, but you can try.
I took a sell on gbpjpy
daily 22 continuation and timeframe continuity
1h entry after inside bar when next bar was 2 and went back down more than 50%
sara sniper said when this happens the bar has chances to become a 3
daily 22 continuation and timeframe continuity
1h entry after inside bar when next bar was 2 and went back down more than 50%
sara sniper said when this happens the bar has chances to become a 3
- #120
- Mar 7, 2024 9:18am Mar 7, 2024 9:18am
- Joined Mar 2004 | Status: Senior Member | 1,634 Posts
Price action description on chart. {image}