I have not given all the rules yet?
Teb
TEB : BB, Stoch & MACD- 15 & 60 min trading 21 replies
TEB sytstem 2,440 replies
TEB simple system 42 replies
TEB trading group 28 replies
DislikedHi TEB,
Thanks for posting your system here- looks excellent
If I have understood your rules:
1) The RSI 15 gives us a possibility of a trade
2) The RSI 3 gives us warning a trade is potentially on
3) A Breakout of a previous high for a buy and a previous low for a sell gives us the trading signal to act on
Am I on the right track?
In terms of a SL and TP how do you feel about fixed stops and targets eg 10/20 pips?
Hope you can help
Kind regards
MarkIgnored
DislikedAm I correct in thinking the trade shown in the Exit post would have been stopped out as the stop loss is hit before the first target?
AndyIgnored
DislikedI understand that, but the initial stop loss appears to have been hit before the first target was hit?
The trade looks like it would have been opened around 9.45 and stopped out sta 10am?
Thanks
AndyIgnored
DislikedHi,
Here's an example trade from this morning on GU which was profitable
MarkIgnored