Let it turn and find your entry.
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
Custom Indicators vs. Technical Indicators 6 replies
Lagging Indicators -vs- Leading Indicators 48 replies
DislikedUPGRADING MY GAME
Having analysed most of my loosing trades I have come to further filter my set-ups and come up with different grades for them. Finally all I have to do is wait for my GRADE A trades to show up and take them without thinking.
GRADE A
Where price closes above Top BB and 24LWMA is already white take a buy (without thinking)
Where price closes below bottom BB and 24LWMA is already red take a sell (without thinking)
GRADE B
Where price closes below bottom BB but 24LWMA still white but DeMarker Price line has...Ignored
DislikedM5 ACTION
M5 allows most entries and exits (and also false signals)
The Stochastic Slope indicator color change often times gives an early warning to leave a trade or enter a new one.Ignored
DislikedM5 ACTION
M5 allows most entries and exits (and also false signals)
The Stochastic Slope indicator color change often times gives an early warning to leave a trade or enter a new one.Ignored
DislikedHello,
Nice thread. By looking at your system this is more into short TF trading? Did you try this system on Longer Time Frames.Ignored
DislikedThank you.
No I've not tried this on long TF trading, but it's so adaptable.
The principles are the same and can be applied on M30, H1, H4, D1, W1 and MN.
I could come up with a set of simple rules for trading higher TFs but you they require wider SLIgnored
DislikedBigger SL's, holding over news so more at risk to changeable direction and you need longer term trend strength or you'll just get frequent SL hits while holding for more.
EJ is a good example currently, Any time frame so much strength.
GU is only of use H1 and below, mainly cause it's previous uptrend is turning down currently, so all H4 or D1 trades haven't adapted to the possible direction change yet.
It's never easy, M1 or D1 same issue, only slower and less frequent trades for the same 3% risk and 1 - 9% reward potential.Ignored
DislikedThank you.
No I've not tried this on long TF trading, but it's so adaptable.
The principles are the same and can be applied on M30, H1, H4, D1, W1 and MN.
I could come up with a set of simple rules for trading higher TFs but you they require wider SLIgnored
DislikedTotally agree with you on the SL. But I would like to give it a try with your system. Lets seeIgnored