Hi folks:
Just wanted to post a shot of a winning trade today. Entry at the pullback to 8 EMA, exit at +50 pips. I had to be away from my screen so I just set TP to +50, no genius on my part, just luck. I'm beginning to use this setup in agreement with the higher timeframe anchors. let's see how it goes.
Jim
Dashlat,
I like your system it's simple and not complicated. I've been trading on the 5min. TF with some good success...only targeting 5-10pips or so.
Have u traded different TF's? And Do you actually wait for the ttm to touch the 8EMA for entry?
Thanks
Congratulation , hope you win always at 5 min TF.
yeas i trade 15 min and 240 min some times only but generally i used to trade 60 min ( 1h ) .
its good. almost you can earn first 30 / 40 pips , then we can decide how to manage it without stress.
as you said the trigger is when ttm is touching 8 EMA
Good Luck
- | Joined Apr 2007 | Status: Stupidity is expensive! | 432 Posts
Hi Dashalt, this strategy is a combination of 2 John Carter strategies is it not?
I found the straight out squeeze, as he presented, not to work so well. False breakouts and all that. I'm wondering if your combination is better? Seems so at first glance.
Back test for June on G/U & E/U netted almost 600 pips each. When I backtest I run through each candle and ask myself, "do I enter now?" - or "do I exit now?" The BBMacD has kept me out of a lot of false entries and IMO is better than the BBSqueeze - but that may be just because I've used it for so long I can read it like a book, and it's become much more accurate for me. (Chart attached. I use the QQEv5 SOLELY for the alert, so I don't have to be chained to the monitor. It lets me know that something MAY be happening).
ALso attaching a PDF file on the BBMacD which shows just how good it is.
Hope this helps.
