The arrow indicates the momentum candle...it was during Lon Session...it did come very close to the stop loss but it did go to the 20 pips profit after a while...not a good example so have to learn how to filter trades...according to catextract89 the momentum candle was found..the 20 level was ok...the important part is the trigger now...to confirm if it was good to go or leave. Inputs guys
Is it that the trigger candle has to be at least 10 pips and at the levels you mentioned?
Ignored
no, this kind of rule always kill a system. you can't measure forex behaviour, because forex is forex, when they decide to go down for 100 pips, they will not follow what candle are before or what any indicator show you, or what position you have. they just go. but, we need to join them.
There are quite a number of big candles at S&R level and around 20 level...like I said quite a number of them still don't work...so what we are missing is how to filter them.
There are quite a number of big candles at S&R level and around 20 level...like I said quite a number of them still don't work...so what we are missing is how to filter them. Regards
Ignored
don't pay attention if it work or not. if the pattern is consistent, it may be the trigger that you are looking for.
remember i said, there will be loss, but you will cover the loses and end up with positive balance always!
Ur right it is better to look for trades during LON and NY sessions...the one I was looking at was during the Asia session...yeah there could be a trigger there so will observe some more charts.
