Nice easy, clean strategy and great results so far - subscribed!
Broker with a pip by pip trailing stop 24 replies
Trendline, Trendline and Trendline 4 replies
Pip by pip - my trading journal 21 replies
GBP/USD daily pip movement vs. EUR/USD daily pip movement 3 replies
100 pip STOP for a 100 pip Target 7 replies
Disliked{quote} see this one? you took the trade on the next day. There is no 2 days.Ignored
DislikedI also have a question; If we pull the TLs today, to wait for possible setups in the next day. How does one filter out which line to take? {image} Point 1 has 2 bounces, where point 2 has only 1 bounce.Point 2 is pulled from a longer history Does that make point 2 stronger than 1? Or would you wait for confluence with the bearish TL in this scenario? Edit: After swapping around with the lines - implying the price stays around there, one could also go for this{image}Ignored
Disliked{quote} In the first picture both the trend-lines are not valid anymore as there has been a break.You can keep the trendline as a guideline so price might retrace back to that trendline to initiate short trade. But after london close i will stay away. In the second picture no 2 trendline looks valid for tomo hope price does not break further below. Day ends with Newyork close. After that better draw the trendlines.Ignored
Disliked{quote} Sorry my bad, i was thinking in the "retrace bounce" way with the trendlines. But let's assume the first picture occured in the first hours of London open, would you go for the first trendline to touch, or go a little saver and wait for the highest trendline? Risking to miss the trade, but waiting for a better price to sell into. I like the don't-redraw-trendlines on the trading day though, makes it alot easier to understand what's happening.Ignored