Out by way of trailing stop.
+81 pips.
+81 pips.
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DislikedHi LG
I have placed this on my watch list. There are two touches. There are three down bars RSI down. Should the third touch be strictly observed? Thanks.Ignored
DislikedHowever, take a look at the same pair from an H1 4C BO chart. You will see an entry setting up.Ignored
DislikedI think that I figured out, what was wrong with my 3 taps after those serious hits last night and today also. There has been a trend change in the middle of the week this week in several currencies and thats poison for 3 taps. Has anyone of you figured out any cures in case trend changes during week? It is difficult to see because you may be expecting a temporary change and suddenly you realise that there is a larger move going on. I have seen this also during my backtests, but havent yet figured out a way to deal with them.
I think that there...Ignored
DislikedBe prepared for changes all the time, I had the same problem of hanging in shifted trades to long!!
Now I use a simple moving average to alert me I put this MA on all my charts its 20 on the close for a 1H chart so that makes 80 on a 15min and 5 on a 4H chart.
To make it more easy to spot click on line instead of bars or candles
If the price come near the average get prepared for a probable switch of market direction.
However keep always an eye on your support and resistance levels.
Try...Ignored
DislikedIn this on a 3 Tap set up, but also a daily BO...as well as an H1 4C BO,,,triple confirmationIgnored
DislikedThanks Hans. Informative picture. I just made a cuickcheck on sma 5 with 3 taps in 4h charts and it seems to work on both entrys and exits. On entrys sma 5 abowe/below atleast 2 of the last candle bodies in a 3 tap setup and exit when sma crosses a candle (or a line in line chart) whether itīs a winning deal or not. I think that the exit may work also with break out trades. One problem is that Im not always able to check the charts as often as I would like. I have to think how to apply this approach into my trading and timetables. I like 3 taps...Ignored
DislikedJust to let you know I use my Ma just as a wake up signal like " he your sure ? you wanna have that Ma above you and still being long ??"
sure you can find a crossover signal EA who send you a mail or something like that. ( set the fast sma to 1 on the median ) works best on a 15 min chart otherwise you get your signal far to late )
dont try to trade on crossing ema's your better just transfer your bankaccount directly to your broker.
Just use it as a warning signal.
good luckIgnored
DislikedHello everyone,
Can any one with 3T 4H experience tell me if this is a valid trade please?
Entered on 3rd tap of trendline with rsi pointing at 4-6 oclock. I am up about +47 pips, but i'm not sure if i was correct on entry.
Thanks!Ignored