{quote} Thanks for your hard work Atheer and for not giving up on me/usHave a nice weekend !!! Regards Nikki
atheer1
- #201
- Apr 1, 2016 9:32am Apr 1, 2016 9:32am
- Joined Oct 2006 | Status: Trader | 4,056 Posts
- #206
- Apr 1, 2016 10:16am Apr 1, 2016 10:16am
- Joined Oct 2006 | Status: Trader | 4,056 Posts
Sweet system! This is nearly identical to how my original mentor trades. He exits at 5 pips usually, but I like that you've focused on the fact that you can use a tiny stop and let it run. Got this one and the EU pullback to broken support with a 1.8 pip stop, took 18 pip target = 10:1 Reward:Risk. Very nice - {image}
atheer1
- #207
- Apr 1, 2016 10:18am Apr 1, 2016 10:18am
- Joined Sep 2010 | Status: Trader | 2,034 Posts
EU M1 0826 NY Time. Question on this screenshot of your screenshot from chart #191, Pg. 10, Post #194.
I reviewed your rules from Method 2 and need clarification please.
Your quote from line 2 under 'Sell Entry':
*** Wait for the price to come to the area of the upper thread of that type 1 candle.
In this SS the 2nd bar following the "Type 1" candle, goes into the body of the "Type 1" candle, but not into the 'Thread', which I believe is your normal term for what I know as a 'Wick'.
#1 The "Method 2" entry does not have to be from 'Only' the 1st bar following the "Type 1" candle? And if so, is there any limit to the number of following bars that can qualify?
#2 To qualify as "Method 2", the price does not need to reach the upper "Thread" (Wick) of the "Type 1" Candle?
Sorry for all the questions, maybe I'm over thinking this. If I am, a simple "Shut Up" will suffice.
I reviewed your rules from Method 2 and need clarification please.
Your quote from line 2 under 'Sell Entry':
*** Wait for the price to come to the area of the upper thread of that type 1 candle.
In this SS the 2nd bar following the "Type 1" candle, goes into the body of the "Type 1" candle, but not into the 'Thread', which I believe is your normal term for what I know as a 'Wick'.
#1 The "Method 2" entry does not have to be from 'Only' the 1st bar following the "Type 1" candle? And if so, is there any limit to the number of following bars that can qualify?
#2 To qualify as "Method 2", the price does not need to reach the upper "Thread" (Wick) of the "Type 1" Candle?
Sorry for all the questions, maybe I'm over thinking this. If I am, a simple "Shut Up" will suffice.
- #208
- Edited 11:10am Apr 1, 2016 10:55am | Edited 11:10am
- Joined Oct 2006 | Status: Trader | 4,056 Posts
EU M1 0826 NY Time. Question on this screenshot of your screenshot from chart #191, Pg. 10, Post #194. I reviewed your rules from Method 2 and need clarification please. Your quote from line 2 under 'Sell Entry': *** Wait for the price to come to the area of the upper thread of that type 1 candle. In this SS the 2nd bar following the "Type 1" candle, goes into the body of the "Type 1" candle, but not into the 'Thread', which I believe is your normal term for what I know as a 'Wick'. #1 The "Method 2" entry does not have to be from 'Only' the 1st...
*** for one minute chart setup its enough to look back for the current and previous hour taking into account S/R formation
*** ideally price should retrace to the wick zone,but if you see the need to trade an obvious S/R reaching the open may suffice
*** if you want not to be aggressive wait for the 2nd candle to close to take the trade ,but sometimes aggressive entry can give excellent R/R
atheer1
- #212
- Edited 12:26pm Apr 1, 2016 12:10pm | Edited 12:26pm
- Joined Oct 2006 | Status: Trader | 4,056 Posts
atheer1
@atheer1
In first post You posted a picture with entry according to basic rules.
I have SS from today. There are also entries with basic rules from the first docx.
Look how many SL's was on this chart.
Is there a simple way to filter bad trades?
Please forgive me my question but im little confused with Your methods.
English is not my mother language so maybe i dont understand it corrrectly.
Maybe You or someone else can write in one post step by step entering the trade.
Thank You
In first post You posted a picture with entry according to basic rules.
I have SS from today. There are also entries with basic rules from the first docx.
Look how many SL's was on this chart.
Is there a simple way to filter bad trades?
Please forgive me my question but im little confused with Your methods.
English is not my mother language so maybe i dont understand it corrrectly.
Maybe You or someone else can write in one post step by step entering the trade.
Thank You
Ok, thanx. From last pic i chose couple of trades with filters:
*** BB extreme trades are more accurate trades
*** Avoid taking trades within the same 10 zone
*** 2 successive candle filter of same color(3,4)
*** Avoid taking trades in opposite direction while you are in a trade ( reach 10 or stop )
*** Small candles filter
*** BB width filter i.e avoid taking trades while BB squeezed
I had 30 pip profit and 3 pip loss.
Now You talking
Do You see other good trades that i missed?
Forgive me but in this way i can learn faster and easier.
*** BB extreme trades are more accurate trades
*** Avoid taking trades within the same 10 zone
*** 2 successive candle filter of same color(3,4)
*** Avoid taking trades in opposite direction while you are in a trade ( reach 10 or stop )
*** Small candles filter
*** BB width filter i.e avoid taking trades while BB squeezed
I had 30 pip profit and 3 pip loss.
Now You talking
Do You see other good trades that i missed?
Forgive me but in this way i can learn faster and easier.
- #217
- Apr 1, 2016 5:37pm Apr 1, 2016 5:37pm
- Joined Oct 2006 | Status: Trader | 4,056 Posts
Ok, thanx. From last pic i chose couple of trades with filters: *** BB extreme trades are more accurate trades *** Avoid taking trades within the same 10 zone *** 2 successive candle filter of same color(3,4) *** Avoid taking trades in opposite direction while you are in a trade ( reach 10 or stop ) *** Small candles filter *** BB width filter i.e avoid taking trades while BB squeezed {image} I had 30 pip profit and 3 pip loss. Now You talking
atheer1
- #220
- Apr 1, 2016 6:01pm Apr 1, 2016 6:01pm
- Joined Jun 2012 | Status: Trader , Analyst and Mentor | 5,884 Posts
Say something meaningful or Silence!!