Why Simple is better in trading and Complex is not
{quote} Ok just hitting and running here have to go - to your question your question the rule of "4 to 6 times" is the answer ie. 15 min & 60 min & 240 min - all are 4 x bigger Day & week & Month all 4 or 5 times bigger week - day - 4 hour is the one I use the most they are 5 or 6 times bigger this has been proven the best ratio for momentum trades cheers teb
very interesting I see a flag 1. But how do you know to sell there you do? 2. what is the trigger? 3, what is your stop ? 4. what is the target? -the flag pole length? {image}
{quote} Very interesting. Where can I get it? any thread about it? Thank you in advance.
{quote} Check my M15 Journal, moved back to M1 then to M5 since that, only the latest posts and 100's of other method's tried and rejected. ignore the first page, not updated that yet. I haven't got time to trade it, someone else might aswell profit from it
ok you say you take the opening price is it a set and forget or do you do it by hand {image}
{quote} Set and forget. Regarding the top one when you say this was set up here, I personally would not have took that position, because as you can see that move away from that area had already been hit once (think of it in terms of steps, the first step is the very first return and bounce away from the area...that is the one I get in on). Think of it as a stairway, and the more steps there are on it, the less chance of that particular step holding / giving a winning position. Does that make sense? lol
{quote} ok your idea of fresh is not the traditional one, interesting "sam" would say step one makes step two fresh - traded both ways through up and down ok why would you not have taken the trade at step 1 then? thanks hope its ok I ask - I like to understand things
{quote} It's just what I prefer to do. I most likely did have a buy order for step 1 but it would not have been hit due to the market not dropping enough, that level would of been confirmed as hit though, so I would of then disregarded it and moved on.
{quote} Here is my response -- I see divergence 4h, 1h, and 15m at the same time. (though I didn't trade this -- I don't trade divergence.) BTW divergence could make a simple way of tradeing...
{quote} I use divergence differently... To me divergence on a move represents a completed trend move, and I will be starting to look for larger countertrend formations/ counter trend entries to get back into the trend.
{quote} I find 9 pips silly to, sometimes that's all the market gives you but I to take 100+ pips of M5 trades, normally for risking 20-30. But I don't think your method, or you are profitable, your just a newbie who talks a good talk, IMHO!!! And yes, I find H4 based trades as totally ridiculous, they all end up being random chance trades, all the TA ( which is BS anyway ) doesn't get you anywhere, might aswell just flip a coin.
H4 is only ridiculous if you don't know how to trade it I suppose (perhaps you haven't tried?)
