fx, what is your policy when rsi is in process of breaking hl(i.e. 5min candle is still forming) when, at the same time, entry signal is given:
Become the casino
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DislikedI wondered about the 123 at the bottom, but stayed in for a full loss, tooIgnored
Disliked{quote} Seems as though that was a good set up considering if you look left it was at support. May be worth thinking about an 'Anchor' chart? to know what the dominant trend actually is. In this case, maybe the hrly, 30 or 15 min? Patterns always hold more weight when found at support and resistance...............just a thought. Be interested in hearing your thoughts FX.Ignored
Disliked{quote} It is always better to consider teh bigger picture but this system is not looking at bigger picturesIgnored
Disliked{quote} I've noticed in your previous posts that you almost demand 'absolutes' regarding rules. This system works very well for FX because it fits his personality, because he put it together. I believe its best to do the same for ourselves, design a system yourself, then it will fit you. I have taken something from his strategy that adds to mine. We never stop learning. There are no absolutes in trading, its a game of probabilities backed up by sound money management. A chunk of trading is discretionary. Absolutes are found in EA's.....................and...Ignored