DislikedIn the further quest to get closer to Islanders methods, the spin that Mrs V and I have on 1 min.
Admittedly today was a good example.
OK the simple basis is, we viewed ej as down, well daily, 4hr, 1hr everything is down so we are looking to sell. When price has any green ie up move followed by a red negative close candle we are looking to sell a break below the low of red candle.
The attached screenshot shows x where there is a red close but no move below low of red candle SO NO TRADE and the check marks are the successful trades.
A high...Ignored
Hi V
I have been following this thread for a while. And its interesting the way Islander enters and exits. Could never quite zero in on things.
Thank you for your explaination on entrys. Is your plan only to trade with the trend (with the day/4hr/1hr) or do you trade counter trend as well - i think Islander goes both ways.
How do you exits your trades on 1 min - with target or do you have runners? Or some kind of combination. Would really appreciate your thought process on the matter.
Thanks and Cheers