Watching chart with "Carmen" on 15 TF min.. Here is what I've
been notice.. In general pair always return to the middle in Yellow/Blue
line range. Problem of this method is that you losing all the profits while
waiting appositive direction crossings. Most of the trades are positive,
why not take 40-50 pips profit, but instead wait till white line cross another
those Blue/Yellow for the other direction and potentially get nothing or even
lose???
Here is what I can advise. (Based on 15m TF ERUJPY) when White line
cross the blue one (for LONG positing) enter long and we need another
line Adjustable let's say 40-50 pips HIGHER then Blue/LIME one which tracks movement (Like MA with +50 - 50 pips
away from Blu/Yellow), ones it's get hit
Take Profit and wait for another crossing either direction, same thing
we need for SHORT another line 40-50 pips (based on 15TF) below
YELLOW line, ones it's hit then Take profit So? We basically need 4 lines
instead of 2.. Check for your self! Ones Trade gets too far from Yellow/BLUE
it's always reverses, why wait??? Take Profit and wait for another setup!
Here: Take profit every time trade moving away from YELLOW/BLUE (LIME) in my example for 50 pips (adjustable
depends on the Pair volatility and TF) AND WAIT! for another SETUP. In my example when Pair gets away 50+ pips
from the Lime/Yellow it's more likely would reverse back to median and we don't want to wait for this.
Can Anyone ADD 2 more lines? below Yellow and above Blue (Lime) (Adjustable?)
Thanks.
been notice.. In general pair always return to the middle in Yellow/Blue
line range. Problem of this method is that you losing all the profits while
waiting appositive direction crossings. Most of the trades are positive,
why not take 40-50 pips profit, but instead wait till white line cross another
those Blue/Yellow for the other direction and potentially get nothing or even
lose???
Here is what I can advise. (Based on 15m TF ERUJPY) when White line
cross the blue one (for LONG positing) enter long and we need another
line Adjustable let's say 40-50 pips HIGHER then Blue/LIME one which tracks movement (Like MA with +50 - 50 pips
away from Blu/Yellow), ones it's get hit
Take Profit and wait for another crossing either direction, same thing
we need for SHORT another line 40-50 pips (based on 15TF) below
YELLOW line, ones it's hit then Take profit So? We basically need 4 lines
instead of 2.. Check for your self! Ones Trade gets too far from Yellow/BLUE
it's always reverses, why wait??? Take Profit and wait for another setup!
Here: Take profit every time trade moving away from YELLOW/BLUE (LIME) in my example for 50 pips (adjustable
depends on the Pair volatility and TF) AND WAIT! for another SETUP. In my example when Pair gets away 50+ pips
from the Lime/Yellow it's more likely would reverse back to median and we don't want to wait for this.
Can Anyone ADD 2 more lines? below Yellow and above Blue (Lime) (Adjustable?)
Thanks.
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