DislikedSorry to interrupt
As in my reading ... System II is so simple right? I quoted from the earlier post:
- 5Min Chart : wait for the market to have a 30-40 ticks swing at any direction
- Wait for a retracement
- set 2 horizontal lines - 1 at the beginning of the swing and 1 at the last swing high/low
- if the market resumes the swing, place a limit order 2-3 ticks above/ below the last swing
- your order gets filled. Now it's pretty much up to the market
Are those all for the rules?
Thanks for this nice threadIgnored
more things
1. the retrace should not be to big, some 50% is good
2. the stoploss should be adjusted to the retrace and if this is more the 20 pips the position should be smaller
3. TakeProfit should be at least as long as the Stoploss
4. Trail the stoploss if u babysit the trade
5. set SL to B/E if possible, dont let a winning trade become a looser