now.. SL and exit..
sl always goes above/ below the last PB.. it maybe 25 pips or as little as 10.
exit.. its simple... you set your heart like a scalper to pick +10/+15 when Price reaches the band and gets stuck..
if it breaks it hard.. you ride with it till you can secure comfortably your +10/+15 or take a nice little +30 or +40 at the end of its first exhaustion post band strong break..
this style of trading produces high hit ratio once you eliminate the silly mistakes at first.. and it produces minimum of 2 signals a day on each pair.. so there will be more than enough action and taking +10/15 out of each could some up to a very nice profit at end of the day.. that's only if you can stay contain and not worry so much that why you did not get the whole +150 ride..
we are after consistency and not predicting the runners.. if they come to us easily and within our set of rules.. fine it's bonus and we take it but if not, wont sweat it...
anyhow if you follow the concept you will see that you are in the mix of most breaks from a very early point.. so the chances are good that you could catch some of those sudden big moves and capitalize big.
I think i have covered the basic ground work for now... i will be stepping out for couple of hours.. this could give you time to settle in and pose your questions.. when i come back we get to it or i just continue about a few other important matter such as filtering and etc..
to be continued..
everyone welcome to the thread its nice to have you around.
regards,
Dean
sl always goes above/ below the last PB.. it maybe 25 pips or as little as 10.
exit.. its simple... you set your heart like a scalper to pick +10/+15 when Price reaches the band and gets stuck..
if it breaks it hard.. you ride with it till you can secure comfortably your +10/+15 or take a nice little +30 or +40 at the end of its first exhaustion post band strong break..
this style of trading produces high hit ratio once you eliminate the silly mistakes at first.. and it produces minimum of 2 signals a day on each pair.. so there will be more than enough action and taking +10/15 out of each could some up to a very nice profit at end of the day.. that's only if you can stay contain and not worry so much that why you did not get the whole +150 ride..
we are after consistency and not predicting the runners.. if they come to us easily and within our set of rules.. fine it's bonus and we take it but if not, wont sweat it...
anyhow if you follow the concept you will see that you are in the mix of most breaks from a very early point.. so the chances are good that you could catch some of those sudden big moves and capitalize big.
I think i have covered the basic ground work for now... i will be stepping out for couple of hours.. this could give you time to settle in and pose your questions.. when i come back we get to it or i just continue about a few other important matter such as filtering and etc..
to be continued..
everyone welcome to the thread its nice to have you around.
regards,
Dean