Great thread to all contributing.
feb2865 are you familiar with the Darvas Box method? it compliments itself well to the trading methods here and gives some clear rules re-price action, entries and exits on pull backs.
Although this theory often get criticised for giving back to much profit based on the stoploss from box to box it excels in trending markets. This may be useful on a lower timeframe i.e. 4hr for initial entry and SL and has some very clear rules for defining boxes based on price action.
I use the Darvas box in trending markets but have modified based on modem market volatility for SL. These have been based on a three candle reverse and additional box strategies for SL.
feb2865 are you familiar with the Darvas Box method? it compliments itself well to the trading methods here and gives some clear rules re-price action, entries and exits on pull backs.
Although this theory often get criticised for giving back to much profit based on the stoploss from box to box it excels in trending markets. This may be useful on a lower timeframe i.e. 4hr for initial entry and SL and has some very clear rules for defining boxes based on price action.
I use the Darvas box in trending markets but have modified based on modem market volatility for SL. These have been based on a three candle reverse and additional box strategies for SL.