Bollinger Band Confluence Trading 16 replies
Fibo Cluster/confluence 6 replies
Fitz Confluence Discretionary System 7 replies
confluence of events!!!! 0 replies
Questions on fib arcs, fans, and time series and confluence 0 replies
DislikedI will add a new rule to my strategy. I sometimes have a lot of draw-down and 30 pips stop-losses are triggered. This is why from now on i don't pick tops and bottoms anymore. I wait till the fact happened and trade the 1 minute time-frame break/retest and max 10 pips stop-loss. If it did not happen right at least i did not get stopped out for 30 pips. Also i was short before at the green and red line. This was a long wait without profit and finally i got stopped out. I wanted to close it at break even but it did not happen. So by doing this i also...Ignored
Disliked{quote} I keep moving my entry but i don't lose any money. {image}Ignored
Disliked{quote} price went higher and i did not lose anything. parallels also work on the 1m timeframe. {image}Ignored
Disliked{quote} It broke my channel but not for long enough for a valid retest. it looks more bearish now. confirmation of the R&S is the neckline. I don't sell the top of the right shoulder, there is no confirmation yet. Although a small stoploss would be needed.. This whole H&S structure is 10 pips high. So no stop-loss of 30 pips is needed. If i traded the top of the right shoulder i would just risk 5 pips. {image}Ignored
Disliked{quote} It might be a complex H&S. I wait till the whole thing is played out and short the neckline retest only. could also be a descending triangle, again only a retest of the whole structure.. {image}Ignored
Disliked{quote} price went higher but i did not lose any money... now start all over again. {image}Ignored
DislikedEUR/CHF perhaps later today. target is not even on the chart. {image}Ignored
DislikedUJ... the technical target for breaking a channel is the width of the channel. there should be profit taking there. i go take a nap... {image}Ignored