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
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DislikedHi 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.Ignored
Disliked{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 packageIgnored
DislikedPlease tell me atheer, is this method 3 setup is correct? I think i dont understand it correctly. Thx {image}Ignored
Disliked{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?Ignored