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BASKET TRADE Management: Using multiple trade management EA's on basket trades 9 replies
3 Bar Fractal with mid-bar and bar on each side 11 replies
Change indicator narrow range bar NR4 to wide range bar WR4 0 replies
TMS basket: Dashboard for a basket of MA-Filtered RSI Signals 135 replies
Pin bar, pin bar, pin bar 0 replies
DislikedHi All:
Nobody taked this trade?.
+1400 pips untill now...
Regards.Ignored
DislikedDear Jaquemate,
I have been watching this thread sometimes, and have three questions:
1. There is no engulfed candle in the chart quoted which has touched LRB.
So there should be no trade here?
2. Also several posts talk about having no SL. But in your post #1 chart#2 you do mention
that if the 1H candle after the entry point closes below LRB (in an uptrend), the position
should be closed. So that then is the standard definition of a SL?
3. I am comparing your method to the very popular PeterCrowns DIBS (Daily Inside Bar Setup) with
which...Ignored
DislikedHi atharmian and thanks for questions.
Im so buy now and I will answer later but i only want answer you to point 1 question.
At the trade you are talking about 1h RBL price is 123.20.
If you look at 5m chart you could be taked this trade buying around 123.15-123.20 when 5m price formed a new RB and the next bar touched this RBL.
And how clarificate i must say that i dont take this trade cause i dont stay at office at this moment. If i taked i +2000 pips now.
Regards.Ignored
DislikedDear Jaquemate,
2. Also several posts talk about having no SL. But in your post #1 chart#2 you do mention
that if the 1H candle after the entry point closes below LRB (in an uptrend), the position
should be closed. So that then is the standard definition of a SL?
Ok. i have a minute to ask this question.
When i talked about no SL im saying that i dont use SL orders for this systems. Most traders put stop orders at predefined price. At generally i dont like stop loss orders and particularity at basket trading...Ignored
DislikedDear friends,
I'm just a newbie thus have less experience in this field. However, I have joined FF to enrich my knowledge about how to be profitable in this business. I have been reading many threads and I came across this trading methodology. My question is can we use the strategy in trading a currency pair, not those in the basket but just one pair among them. I haven't explored yet if this is available in my platform. Thank you.Ignored
DislikedHi Jaquemate,
Did you have time to think about my last question (see below) from my earlier post?
Athar.
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3. I am comparing your method to the very popular PeterCrowns DIBS (Daily Inside Bar Setup) with
which you must be familiar DIBS judges a daily trend by market price being above/below
DO (Daily Open) which is the same as last daily close (if there are no gap ups, especially
Monday morning).
DIBS method then says that if the price breaks above the inside bar, buy
as long as the price is above...Ignored
DislikedI have marked the Range Bars in the attachment. Thus if we know the trend, we can enter position say buy if the price goes above the high of the Range Bar.Ignored
Dislikedhallo jaq, i missed it for 45 pips. was not in front of screen.
I need to start placing orders 50 pips inside RB
what pairs are you trading? edit: EURJPY, sorry did not see
Ignored