Hi Ace,
Good job with this thread. Thanks for sharing your strategy. BTW, over the past 4 years, straddle trading has been the ONLY continuously profitable method of trading for me.
Do you still use that 1st 4 hour weekly candle if it turns out to be very small, say like a tight doji? In other words is there a minimum candle size? My concern is that with a very small range opening candle it is very likely both the buy and sell pending orders will be filled, and with very little "breathing room", both SL's will also be hit.
Best regards,
Bob
Good job with this thread. Thanks for sharing your strategy. BTW, over the past 4 years, straddle trading has been the ONLY continuously profitable method of trading for me.
Do you still use that 1st 4 hour weekly candle if it turns out to be very small, say like a tight doji? In other words is there a minimum candle size? My concern is that with a very small range opening candle it is very likely both the buy and sell pending orders will be filled, and with very little "breathing room", both SL's will also be hit.
Best regards,
Bob