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DislikedHi Teb
This sounds like a great way to trade. Is there any material (PDF files,etc...) out there to read up on this more in depth?
Thanks,
fxstIgnored
DislikedAttachment
the move may still be moving up.
BUT the second target was taken out
I find that is often the time the trend turns
or we have a small correction
cheers
TebIgnored
DislikedHi Teb,
I don't understand why you would go long here. On the daily we are under the 200 MA on the 4 hr we are moving up toward the 200MA (pullback). If anything wouldn't this be setting up for a short trade???Ignored
DislikedYES 1,2928 short there was the daylow on the way...
1.2796 for short if i comes today. ADR=247. Would you mind it if it comes today and skip the trade ?Ignored
Dislikedwell
its kin' my system
nothing is new
but I have never seen anyone do this quite the way I do.
so you will have to read the thread
cheers
TEBIgnored
DislikedWell to answer my question and hopefully some others, I did some research, copied it and made a PDF file out of it. It tells a little about this kind of trading. Hope it helps.Ignored
DislikedGood job on the pdf...
So if I trade M15, I look to h1 and h4
If I trade m5, I look to m15 and H1
and if I trade m1, I look to M5 and M30
Does that make sense?
Cheers
CanuckCTIgnored
DislikedI wouldn't personally
esp. without the 1.2.3 break part of the system
I have found anything less them 5 mins very hard
(5 min, 15min, 1 hour or 5 min 1 hour, 4 hour)
& then ONLY with a strong trend on the last time frame
I have said the 200 ema is for trend only & it works very well
but its the enteries you make your money with
remember .
To win in the 4X you only need 1 set -up
1. A trend -- The 3 EMA
2. A tool -- The Fractals
3. A trigger -- 1.2.3 break
4. A target-- TEB Fibbs
cheers
tebIgnored
Your help is highly appreciated!
Thanks!
PS: BTW, does it make any sense to work also with 60m, 240m and 1 day? or even 240m, 1d and 1 week?
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Edited: PS2: same TF for 123 and WSS?
DislikedSorry for going so slow, but...
I understand (from your first post) that 15m, 60m and 240m is a safe way to trade this system.
But when going to 5 min, it is not clear if we have to look at:
- 5m, 15m and 60m, or
- 5m, 60m and 240m?
Your help is highly appreciated!
Thanks!
PS: BTW, does it make any sense to work also with 60m, 240m and 1 day? or even 240m, 1d and 1 week?
------------------------------------------
Edited: PS2: same TF for 123 and WSS?Ignored
DislikedAttachment
lot 1 taken out
move stop loss up on 2nd lot
& I will let it run
see you later I am out of here
cheers
TEBIgnored