Nice longs on EU and AU H1 engulf
also GOLD TYPE 2
also GOLD TYPE 2
DislikedNice trades 60:
One question of the 15 min commando, sorry if it's basic but I'm slow sometimes. You said swing high, then 3 lower candles that can be bullish or bearish. The signal candle is the candle that closes back in the direction of the 50ma. You then trigger trade one pip above the signal candle. Is the signal candle the 3rd candle if it closes in that direction or do you have to wait for the 4th. Sorry about the newbie question, I appreciate your help.
DislikedI like the money management of this strategy, but the exit strategy may need some improvement. No strategy is perfect any way especially for discretionary trading.
Thanks a lot for sharing this system
DislikedHi 60MM , sorry for the previous post of mine. I now recognize that the inside bar method was something California mentioned way back in post 1675 and got nothing to do with this thread . My apologies !Ignored
Dislikedworks on all markets..
DAX30 last 2 weeksIgnored
Great post.... I really want to try this system in demo. Can you please elaborate on what type of stops you use at present? Also, do you generally use S/R line to limit trades or stick to fixed R:R.
Dislikedstops go above the signal candle +spread (sometimes if the signal isn't the swing high i will put it over the swing high) just want to add to that... generally the good entries will be new swing high/lows anyway
So many ways to deal with TP, but what ever you do, try and find something where you at least are in with a chance of the big R multiples,
trailing stops behind the high of the last closed H1 is a favourite of mine,
I also like to aim for daily s/r lines, then if price action keeps closing in my direction i stay in....
DislikedNice longs on EU and AU H1 engulf
also GOLD TYPE 2Ignored