Dislikeditrader, read through the thread! I told everyone just yesterday that I will be on a plane and will not be able to post any trades.Ignored
consistency wins
Murrey Math indicator is very useful in Forex 68 replies
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hello, Freewheelin is correct you were up one level too far for your stop. You must always double check you settings. You are on a daily timeframe so there is plenty of time to go back and double check everything.
hello, yes, in a normal setup you would close the bad trade and open a short trade if it closes below the 5/8.Ignored
Dislikeditrader, read through the thread! I told everyone just yesterday that I will be on a plane and will not be able to post any trades.
ab1, this would've been a no trade for me because the candle did not breach either the 5/8 or the 6/8.
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QuoteDislikedHi Mer,
glad to see you're back, so I can ask you a question.
Do you enter trades today (rollover from thursday to friday)?
And if so - do you stick to the positions 'till monday or do you close on friday night?
Sorry if this question has been answered yet, didn't recognize
The only exception to that rule is that I will not place any trades on that Thursday night before the Non-Farm Payroll (NFP) news.
DislikedYes, I will enter trades everyday. .......
The only exception to that rule is that I will not place any trades on that Thursday night before the Non-Farm Payroll (NFP) news.Ignored
QuoteDislikedSO if it closes above 5/8 tonight then its valid.. although theres a fair bit of resistance around that area, do you consider that with this system and if so how ?....please
DislikedFirst off Stevegee, I like the spreadsheet but I had one question. Does the "current price" column indicate the actual current price or the price the candle closed at?Ignored
Dislikedab1, as long as it follows the rules of the strategy, it is a valid trade.
BULLISH OUTSIDE BAR
• Bar 2 engulfs bar 1
• Close of bar 2 is higher than open and
close of bar 1, preferably two thirds of
way up or more
• Direction is up
Armed with this additional information, if this setup holds true I can then determine if I would like to use a larger lot size here, even though, according to the strategy rules, we generally use lower lots through the 5/8.Ignored
QuoteDislikedThat current price is a little hazy in my mind as well. It ended up being the price at which I entered. This was very close to the open price of the new bar but wasn't the same due to the time to enter the orders, etc.
QuoteDislikedHey Scott could you be a little more specific with some guidelines on "extremely low" lot sizes are? In the core system you refer to "larger" and "smaller" lot sizes; these terms appear to map to "larger" being 2X the size of "smaller" in your statements.
I was thinking maybe "extremely small" would be 1, "small" would be 2 and "larger" would be 4. Does this make sense?
QuoteDislikedOh just one thing anyone please...
Are we using the "Stealth" v2 now ? because thats the one that the template loads up with.
ab1
QuoteDislikedHaving room to double down after a loser makes sense. I suppose the theory is that you're already using smaller lot sizes on trades where you anticipate problems. In those cases, you just double down and reverse on an already smallish trade.
Worst case, you might be faced with doubling down on a "larger" lot size. This shouldn't happen as often since your larger lot size trades were placed because you anticipated better odds of success.