Dislikedthanks for posting, its difficult to analyze, i'm sure the charts look diff. then when you entered. best of luck to you.Ignored
DislikedHi whatfx, your M30 chart shows the wrong end of the bar for the long trade. Long trades are meant to be placed with a gap ABOVE the extended M30 bar, not below it.
This means you only get triggered if the price retraces.
Looks like you are trying to check the system by reading the action on the screen.
I would suggest to actually trade them on a demo account, then you will get the feel of why each part of the rules are there & how it all fits together. Sorry if you are already doing this.
Like your chart profile name by the way.
PS:...Ignored
Disliked. No pangu doesn't wait for a gap above he enters trade immediately the 81 pips is passed on m30 which is what I didIgnored
Dislikedstopped out - 30 pips.
sorry, this system aint for me. bad risk / reward ratio. in the long run such bad r:r systems dont work out.
i won two trades this week, +10 pips, then +10 pips. now a loss of -30 pips.
so overall down by - 10 pips this week. sorry, not for me. you will lose in the long run with such a bad risk / reward ratio.Ignored
DislikedHi whatfx, your M30 chart shows the wrong end of the bar for the long trade. Long trades are meant to be placed with a gap ABOVE the extended M30 bar, not below it.
This means you only get triggered if the price retraces.
Looks like you are trying to check the system by reading the action on the screen.
I would suggest to actually trade them on a demo account, then you will get the feel of why each part of the rules are there & how it all fits together. Sorry if you are already doing this.
Like your chart profile name by the way.
PS:...Ignored
Disliked. No pangu doesn't wait for a gap above he enters trade immediately the 81 pips is passed on m30 which is what I didIgnored
Dislikedwell actually i was watching and didn't see the trade you took, also i do wait for a gap. its called a buystop/sellstop pending order 2 pips above/below the high/low of the trend extreme bar.Ignored
Dislikedplease see your post 184 above. if you do not wait for the candle to close, then obviously you do not wait for the gap upto place pending order 2 pips above.
i also refer to some of your previous trades where you did not wait for the m30 candle to close to enter on gap up or down. you entered as price passed 81 pips and while that m30 candle was still developing.
although i did question you at the time about this, you said that is what you do. so i was only following your example.
iam aware about gap up / down, for this you do need to...Ignored
Dislikedplease see your post 184 above. if you do not wait for the candle to close, then obviously you do not wait for the gap upto place pending order 2 pips above.
i also refer to some of your previous trades where you did not wait for the m30 candle to close to enter on gap up or down. you entered as price passed 81 pips and while that m30 candle was still developing.
although i did question you at the time about this, you said that is what you do. so i was only following your example.
iam aware about gap up / down, for this you do need to...Ignored
Dislikedif price drops below the that m30 trend ext. bar, then this pending buy order will need to be canceled. if price starts retracing above that m30 trend ext. bar, then I'm long.
there is a general rule that i'm breaking...
"never tell your friends about your trade"
Ignored
DislikedI would imagine you should have a new trade on. Shouldnt you have amended your pending buy stop order to a couple of pips above this current m30 candle (the lowest one) ??Ignored