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Dislikedmark,
I use my 5/15 Strategy the same on both time frames depending on market.
I don't wait for my signals to come on the 1H, but I look at the 1H for my direction.
Meaning, if the 1H trend is UP, I will only scalp LONGS.
If the 1H trend is down, I will only scalp SHORTS.
So, I use the QQE and ZL Stochs on the 1H and then scalp in that direction only.
Just safer, as you know the saying....... Trend is your friend....
Learned the hard way, it's not worth it to scalp against the trend.
I'd rather make 3 trades of 2 lots each and win them all then 6 trades of 1 lot each and lose 2.
Make sense ?
Did that answer your question ?
Just want to make sure.
kjIgnored
Dislikedhi kj
thanks answering my question
so how do you define up or down trend on 1hr chart
like SMA cross over,qqe5 cross up or down,zlstoch cross.....is that right or something else
and what time frame is the best 5 or 15 ?
thanksIgnored
Dislikedmark,
I use my 5/15 Strategy the same on both time frames depending on market.
I don't wait for my signals to come on the 1H, but I look at the 1H for my direction.
Meaning, if the 1H trend is UP, I will only scalp LONGS.
If the 1H trend is down, I will only scalp SHORTS.
So, I use the QQE and ZL Stochs on the 1H and then scalp in that direction only.
Just safer, as you know the saying....... Trend is your friend....
Learned the hard way, it's not worth it to scalp against the trend.
I'd rather make 3 trades of 2 lots each and win them all then 6 trades of 1 lot each and lose 2.
Make sense ?
Did that answer your question ?
Just want to make sure.
kjIgnored
Dislikedwell, right now, if you went by the LAW of the strategy, you would have exited at the close of the last 15M bar, above the SMA.
BUT, as I said, I'm also going with the 1H trend, so I'll stay in a bit, until the 1H Stoch starts to level off and then I'll debate getting out.
A Strategy is a set of rules.
They can be interpreted as well.
As long as I'm with the trend, I'll go until the SMA cross and turn UP completely. And then jettison from the trade.
if this 1H bar closes below the lower TL it's at, I'll stay in.
If it gets caught up here, I'll exit.
Trade what you see...... not what I do..........Ignored
Dislikedthere was a lower Trend Line on the 1H chart that ran up, at an Ascending angle that hadn't been broken......
This is what I'm talking about.
Broke.Ignored