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  • #101
  • Nov 9, 2016 8:09pm Nov 9, 2016 8:09pm
In conjunction with what rifid has described here you may want to mix it up a bit.

In the 1 min chart below I have recognized a potential top on the 5 min chart.

However instead of putting the whole trade on I put half on at the potential top with the stop being the same distance as my normal entry would be placed

The chart better describes this than words. The advantage is the a 1 for 1 trade can be turned into a 3 for 1. It will also be noted that we are already in profit by the time we place the other half of our trade keeping our risk under control.
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  • #102
  • Nov 14, 2016 4:09pm Nov 14, 2016 4:09pm
Hi,

Thank you for this method. Today I had a few bad trades. Please see charts. Any comments or ideas? Thank you

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  • #103
  • Nov 17, 2016 4:17am Nov 17, 2016 4:17am
Why no one is interested any more in this threat? It's a great strategy.....
  • #104
  • Nov 17, 2016 4:37am Nov 17, 2016 4:37am
Quoting kleybenny
Why no one is interested any more in this threat? It's a great strategy.....
Good question Kley, Maybe because it is not full of indicators, and people have to think for themselves, doesn't matter that it actually makes a nice profit once learnt
patience is bitter, but its fruit is sweet
  • #105
  • Nov 17, 2016 4:55am Nov 17, 2016 4:55am
Quoting rifid
{quote} Good question Kley, Maybe because it is not full of indicators, and people have to think for themselves, doesn't matter that it actually makes a nice profit once learnt
Maybe.... But I don't understand this, because it's the first time in my trading, since many years, I see something makes sense in trading. Thank you for your support and your knowledge you shared here with us. I for myself study every word and chart over and over again, and try now to practise this in demo until I profitable. I downloaded a free forex simulator and spent some time now every day to simulate the last years markets and try to simulate trades based on this market structure strategy. I love clean charts. It makes it possible to learn and see price action. Without lagging indicators and all the bs you can find every day on other threats which claiming to be profitable...

Thank you again rifid, you opened my eyes
  • #106
  • Nov 18, 2016 1:27am Nov 18, 2016 1:27am
Not ideal but still a winner. Also I took the low of the 1 min for my tp by mistake instead of low on 15 min
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We are all One. Be present. Be the Observer
  • #107
  • May 2, 2017 9:11am May 2, 2017 9:11am
Quoting kleybenny
{quote} Maybe.... But I don't understand this, because it's the first time in my trading, since many years, I see something makes sense in trading. Thank you for your support and your knowledge you shared here with us. I for myself study every word and chart over and over again, and try now to practise this in demo until I profitable. I downloaded a free forex simulator and spent some time now every day to simulate the last years markets and try to simulate trades based on this market structure strategy. I love clean charts. It makes it possible...

You are very Welcome
patience is bitter, but its fruit is sweet
  • #108
  • May 2, 2017 12:31pm May 2, 2017 12:31pm
Yes, wondering too, how great and simple truthful threads like this one get so little attention...
There are many ways to experiment with trade management styles to make the best of this trading style.
Scaling in on the same wave with position splitting (1/2 position TP at 1R), takes out a lot of stress but makes only sense for big R trades (>3R final TP) while using the high risk approach.

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BTW incorporating strength and weakness analysis as done by the Ratio&Harmonics guys could be pretty helpful in timing the entries and scale ins on the LTF waves.
the 3rd wave is the crowd's wave
  • #109
  • Last Post: May 4, 2017 12:48am May 4, 2017 12:48am
Great Thread Rifid ..I have learned lots from you and this thread . Incorporated this into my trading strategy . I do use some indicators so i dont want to post any charts , but wave formations is the most important aspect .. I have a suggestion , try Renko charts , wave formations gets more clearer with that ...Thanks and Good Luck ..Green Pips for all ...
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