DislikedGreg, hope you're still around! I'd love to learn more about this strategy, and I'm amazed nobody else is posting. Please keep explaining and I'm sure more people will start to show interest.
Thanks!
CoryIgnored
Cheers!
Greg
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DislikedGreg, hope you're still around! I'd love to learn more about this strategy, and I'm amazed nobody else is posting. Please keep explaining and I'm sure more people will start to show interest.
Thanks!
CoryIgnored
DislikedThe height (marked by yellow vertical line) from the two barriers in the following chart is 76 pips. A 75% retracement (marked by ash horizontal line) of s/r height would be 57 pips if trade was taken off the break of the recent S. Now as you may have noticed. Risk would have been scaled to the 4% of account /76 pip s/r distance, and thus this trade, considering the 75% tolerable retrace level, if price were to have turned and gone there, would be less than my 4% risk allotment initially.Ignored
DislikedThanks for explaining this Greg! You also mentioned a sl placement that had something to do with a large bar, is that pretty similar to this method except just a percentage of a large bar?
CoryIgnored
DislikedGreat thread and clear explanations. Haven't seen many if any better than this.
Interesting to see so few people interacting here....Greg, maybe you made it too clear so not much else to add...lol
Keep it up, I am testing and following your "Strategy".... I'll post some trades when time allows.
CheersIgnored
DislikedWhen I started developing my method, I started by looking at zz indicator. Its does give good signals but sometimes its does not precisely tract price the way I would like to have price tracked. Thats why overtime, as my skills at framing s/r developed, I abandoned the zz altogether and instead stayed with manually identifying recent s/r in a non subjective way. A break below the first green box to the left was a good trade that zz did not identify for you. See chart below:Ignored