Backtesting showed that the results for me are much worse if I aim for tight stop losses. +5R reached.
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Disliked{quote} XAU May19 Tokyo 10am - Daily close with pull-back - looking for buy in LTF {image} ...Ignored
Dislikedmy suggestion to new traders is just to wait for weekly and daily support/resistance and high/low.Ignored
Dislikedmap levels, wait for engineered moves, confirm reaction, execute with fixed risk — repeat that and the indicators become optional.Ignored
Disliked{quote} XAU May21 Tokyo 9am - watching each day as the market progresses, - interesting swing on the Daily SnR 4538 and 4566 - ... {image} ...Ignored
DislikedAU, london session, 05-19. That may be a nice possibility to go long if a good rejection candle appears. Edit: no rejection, did not enter the trade. {image}Ignored
Disliked{quote} It is not always rejection candle price action ... Rob had shown many +7.5R trades with his rejection candle, but this is not easy for most traders. AND there are many other price action for entries without any techinical indicators ... which you can also make money with +3R to +5R on a daily basis. Think out-of-the-box here. ....Ignored
Disliked{quote} XAU May25 Tokyo 10am - price failed to make higher high + higher close - consolidation with small inside bar candle - Daily key level 4566 {image} ...
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Disliked{quote} I still trade rejection candle or pin bar but in other timeframes higher than 15m. 3*5m = 15m 2*15m = 30m 4*15m = 1H A general 15m rejection candle setup is probably other price action setups on 5m. A nice engulfing/inside/outside bar breakout setup on 15m could be a rejection candle / pin bar setup on 30m or 1H. Stock index futures markets are crazy in recent weeks. The lowest timeframe I would go is 5m pin bar. Like today's Nikkei, the pullback from a breakout of ATH only gives a 5m pin bar setup. 10 minutes later, price is on the moon....Ignored
Disliked{quote} An example would be yesterday's XAU H1. Do you see the price action at the 4th H1 candle closed? What would have been your trade entry decision? {image} ...Ignored
Disliked{quote} An example would be yesterday's XAU H1. Do you see the price action at the 4th H1 candle closed? What would have been your trade entry decision? {image} ...Ignored
Disliked{quote} XAU May 26 Tokyo 12pm that took many hours but it did happen. - filling the weekend GAP {image}
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Disliked{quote} XAU May 26 London 1pm - Weekend GAP filled when New York Opens {image} ... {image}Ignored