What kind of accuracy do you have with this method, Rob? What percentage of wins versus losses? Thanks, Paris
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I average 90%, I am sure there is some discretion in there but every trader develops their own over time yet rationalize it with all sorts of reasons. I do believe 80-90 is achievable by the majority.
Can you give a chart example of a high probability set up with the IB and the signal candle before it? Then you'll enter on the break with the new candle? If you can give a chart example with this high probability set up it'll be appreciated. Thanks, Paris
Can you give a chart example of a high probability set up with the IB and the signal candle before it? Then you'll enter on the break with the new candle? If you can give a chart example with this high probability set up it'll be appreciated. Thanks, Paris
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Here is what I mean by high probability setup that I use and recommend. See chart
Hi Rob, Thanks for the charts - lets say we were favoring a long on the left of that chart once it crossed the 50 sma and the trendmagic. Would the candles and price need to be above Ichimoku before considering a long ? Thanks,Tex
Hi Rob, Thanks for the charts - lets say we were favoring a long on the left of that chart once it crossed the 50 sma and the trendmagic. Would the candles and price need to be above Ichimoku before considering a long ? Thanks,Tex
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Yes exactly right , Ichi is a dynamic S&R I always pay attention to as 50ma crosses can fake alot, this gives a little more depth to the 50 cross the way I see it.
Here is a trade I missed because it looked like momentum was dying down. Should we only look at what momentum is doing on the fractal bar and not the break bar? or should we look at where momentum is at the inside bar?
Anther good trade. This one the yellow dotted vertical line i put on the IB . The momentum indicator has just broken into the + level. Good for at least a 10 pip scalp. Paris
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Joined Mar 2007
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Status: Emotion Free Trader
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Please explain what you did and how you arrived here, dates, pairs, ect. just stateing something doesnot work makes no sense. Thanks
Always good to have another point of view.
Please explain what you did and how you arrived here, dates, pairs, ect. just stateing something doesnot work makes no sense. Thanks
Always good to have another point of view.
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Yes, I know but it is not possible to add htm files. About settings I've tested OOTB settings.
Regards
I visually back tested it manually for 2 years on the 4 hour time frame and it's very profitable on the GBP/USD and GBP/JPY using the method with rules and only trading inside bars. The test was for a 100 pip take profit and stop loss on the GBP/USD and moving stop to BE after 45 pips. For GBP/JPY i use a 150 take profit and stop loss and move stop to BE after 60 pips. There is about 3 to 4 trades per month counting both pairs. Paris
I visually back tested it manually for 2 years on the 4 hour time frame and it's very profitable on the GBP/USD and GBP/JPY using the method with rules and only trading inside bars. The test was for a 100 pip take profit and stop loss on the GBP/USD and moving stop to BE after 45 pips. For GBP/JPY i use a 150 take profit and stop loss and move stop to BE after 60 pips. There is about 3 to 4 trades per month counting both pairs. Paris
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That is excellent I am usually oblivious to longer term and/or do not check often enough to catch. These are two of my most used pairs. This is where a new set of eyes can show you something obviously overlooked
