WOW.. I really like this one so far.. will test it out!..
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Classic Article / Price Action 0 replies
DislikedSorry for the mistake i've done : if the candle is too small, you can trade the next candle if point 3 (instead of 2) is respected.
When the first candle go through the EMA but is too small, you can trade the next one even if it doesn't go through the EMA.Ignored
Dislikedhard to manage the lose as u mention at first post, because u are trading GU with 4 pips spread, and u setting 7 pip stop lose?Ignored
DislikedWhat do you mean when you say that " When the first candle go through the EMA but is too small, you can trade the next one even if it doesn't go through the EMA"?
Are you saying that if the first candle to break the line is less than 20 pips or if the body is less than 10 pips, then you can make the trade on the next candle even if it is NOT thru the line?
Why would you enter the trade on the next candle if it is not through the line?
I don't understand.Ignored
Dislikedhow about MM ?
Do you trade fixed lotsize or lotsize based on stoploss ?
with the latter : small candles -> tight stoploss -> large lotsize -> very good Risk-Reward.
Ever thought about additional other filters ? (larger MA, pivot points, open of the day,...)
I like this approach ! Thank you !Ignored
DislikedNice simple system Zebulon.
If a candle closes through the line but is less than a 20 pip candle or the body is less than 10 pips, can you enter on the close of the next candle as long as it, too, is through the line?
ThanksIgnored
DislikedCan you provide little more detail about the size of the candle >20 or
if the body of the candle >10
Is it the opening and closing price of the closed candleIgnored