I am working on filters for method 3 so that you choose best trades
THE PROBLEM OF MOST TRADERS IS THAT THEY CHOOSE THE WRONG DIRECTION
THE PROBLEM OF MOST TRADERS IS THAT THEY CHOOSE THE WRONG DIRECTION
atheer1
- #302
- Apr 4, 2016 10:56pm Apr 4, 2016 10:56pm
{quote} You should not take any setup................... Take setups which are reaction of recent 1 minute chart zones I will try to explain later
"If you run, you'll only die tired." - Sniper's philosophy
- #305
- Apr 5, 2016 12:33am Apr 5, 2016 12:33am
- Joined Mar 2012 | Status: Trader | 14,310 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #306
- Apr 5, 2016 12:39am Apr 5, 2016 12:39am
- Joined Oct 2006 | Status: Trader | 4,056 Posts
This method sound like RAT REVERSALS.
atheer1
- #307
- Apr 5, 2016 12:46am Apr 5, 2016 12:46am
- Joined Oct 2006 | Status: Trader | 4,056 Posts
Any fast answer?
atheer1
- #311
- Apr 5, 2016 2:44am Apr 5, 2016 2:44am
- Joined Oct 2006 | Status: Trader | 4,056 Posts
Hi Atheer, Using method 3 yesterday afternoon I had 6 trades in total across DAX, DOW and E/U, all 1mTF and in total made +40, and for the whole day yesterday, trading DAX all day, E/U all day and DOW after US Open (I am in London), it would have been about +110 in total. I place the stop 1 point/pip above/below recent high/low and TP = 10points/pips. No trade if distance to recent high/low more than 15 points/pips. SL to BE @ +9 I will see what happens today and let you know, as I plan to trade the same way all day today. Thanks.
Be careful don't over-trade
atheer1
- #312
- Apr 5, 2016 2:53am Apr 5, 2016 2:53am
{image}
but about zone 1, honestly i don't know how to mark that.
is the explanation on another thread?
bump on this link a few posts earlier http://www.forexfactory.com/showthre...54#post8780054 it's just that is for D1 timeframe.
so, does the concept apply for M1?
if so, then i should read the whole package
"If you run, you'll only die tired." - Sniper's philosophy
- #313
- Apr 5, 2016 4:01am Apr 5, 2016 4:01am
- Joined Oct 2006 | Status: Trader | 4,056 Posts
{quote} thank you sir, that was pretty clear. so the price must created a zone before. but about zone 1, honestly i don't know how to mark that. is the explanation on another thread? bump on this link a few posts earlier http://www.forexfactory.com/showthre...54#post8780054 it's just that is for D1 timeframe. so, does the concept apply for M1? if so, then i should read the whole package
Interval of drawing horizontal lines is different..............
1M every 1 pip
1H every 10 pip
Daily every 50 pip
atheer1
- #317
- Apr 5, 2016 4:50am Apr 5, 2016 4:50am
{quote} The same concept apply for any time frame.............. Interval of drawing horizontal lines is different.............. 1M every 1 pip 1H every 10 pip Daily every 50 pip
"If you run, you'll only die tired." - Sniper's philosophy
- #319
- Apr 5, 2016 4:55am Apr 5, 2016 4:55am
- Joined Oct 2006 | Status: Trader | 4,056 Posts
{quote} i'm lookin for zone 3 on my chart, found that my 2nd candle is bearish. {image} got any advice for more reliable and precision broker?
atheer1