This pre NY open Eg trade paid 22 pips from entry from 21H down to the 00 psycho level where price has stalled before.
This stuff works!
Steve
This stuff works!
Steve
bringing bottom indicator window to the top 3 replies
Trading The House Down 11 replies
RSI level cross arrows (up->down down->up) 0 replies
Bringing The Sexy Back To CCI 15 replies
DislikedMadness,
Can we focus on the with-trend trading a little more before moving to CT? I am still trying to figure out when to get in/out of the trades. Here's one idea that I would like your comments.
Example for short trade using your previous chart (look only the light blue color on top chart for my with-trend entry/exit)
1. BB turns red on 30m.
2. Waiting for 5m to close below MA-Low and enter on the open of the next 5m candle with SL at the BB
3. Exit when 5m closes above MA-High.Ignored
DislikedInteresting method. Similar to Joe Ross Camel Back method (he uses 40ema tunnel).
I like the use of the two time frames which helps to filter out some of the noise. However, I think your entry would be more enhanced by considering using a Traders Trick entry (google Joe Ross Law of Charts -its free), as a lot of times in a strong trend price will not pull back to the ema tunnel (for multiple entries throughout a trade).
Deeper pull backs on the other hand, could be enhanced by placing your entries at the low of the cluster of candles at the...Ignored
DislikedHi Madness, I am trying to understand the significance of the BB bands and their use. I understand how you use them but sill can't find that they hold much value. I am not an indicator fan tbh especially when I don't know how they are claculated. Do you know? I googled it but found nothing.
Nice thread by the way. You sound like a well rounded trader.
Regards
PPIgnored
DislikedHi Madness, I am trying to understand the significance of the BB bands and their use. I understand how you use them but sill can't find that they hold much value. I am not an indicator fan tbh especially when I don't know how they are claculated. Do you know? I googled it but found nothing.
Nice thread by the way. You sound like a well rounded trader.
Regards
PPIgnored
DislikedHi Madness, I am trying to understand the significance of the BB bands and their use. I understand how you use them but sill can't find that they hold much value.
Porkpie:
Try Googling them again. There is all kinds of stuff on google on the bands.Ignored
DislikedChamane:
With your stop loss behind the 30m Bband you'll be profitable now with this trade. So you had a good trade but bad stoploss.
been there, done that...we all have.
SteveIgnored