that's right,Landmine it seem like a lot of people like this system ,lets hope its a winner !
- #129
- Jun 2, 2017 5:51am Jun 2, 2017 5:51am
- Joined Sep 2012 | Status: AlgoTrader | 3,610 Posts
No guts, no glory
- #130
- Jun 2, 2017 7:45am Jun 2, 2017 7:45am
- Joined Jan 2014 | Status: Trader | 1,783 Posts
Here's an example on AJ via the daily chart of using the V concept in a basic simplified fashion so far as I'm concerned that is. It has one line only to allow me to more easily visualise the formations that I've talked about previously and thus the real indicator is therefore price and where it lies! Other lines exist to help me determine my stops/tps etc, but have removed those for clarity in this case as that aspect will be different to everybody
It should be noted, that whilst these formations are often present near a reversal or potential reversal level, the V formation is also present of course in continuation trading, but, in my case at least, with a slightly different approach than when I think it is likely to be a reversal, and involves single PO's, as opposed to a set of three accompanied by a single MO, which I addressed earlier in the thread and is seen in most of the images I've posted in this thread.
Imo, if trading the daily t/f for example, then I personally see no sense in needing robots and such like to make the trade decisions for me, but perhaps there is a case for the lower t/fs I guess, because the same rules as described apply on all t/fs.
Remember, each individual will naturally have a different view, along with different appetites to risk in particular. One or two failed trades often dis-spirits some people, and they quickly move on to the nest "hottie" thread, and never really getting to grips with any of them as a result. Some of this, maybe most of this is due to so much complexity being introduced or is already present in the methods, and it's just another one of those things we see in FF time and time again. Simplicity rules in my book.
Anyway enough of that for now, here's the chart
It should be noted, that whilst these formations are often present near a reversal or potential reversal level, the V formation is also present of course in continuation trading, but, in my case at least, with a slightly different approach than when I think it is likely to be a reversal, and involves single PO's, as opposed to a set of three accompanied by a single MO, which I addressed earlier in the thread and is seen in most of the images I've posted in this thread.
Imo, if trading the daily t/f for example, then I personally see no sense in needing robots and such like to make the trade decisions for me, but perhaps there is a case for the lower t/fs I guess, because the same rules as described apply on all t/fs.
Remember, each individual will naturally have a different view, along with different appetites to risk in particular. One or two failed trades often dis-spirits some people, and they quickly move on to the nest "hottie" thread, and never really getting to grips with any of them as a result. Some of this, maybe most of this is due to so much complexity being introduced or is already present in the methods, and it's just another one of those things we see in FF time and time again. Simplicity rules in my book.
Anyway enough of that for now, here's the chart
- #133
- Jun 2, 2017 9:35pm Jun 2, 2017 9:35pm
- Joined Oct 2015 | Status: Focused on the Results | 1,491 Posts
R:R "Percentage Focus"
- #136
- Edited 2:30pm Jun 4, 2017 1:37pm | Edited 2:30pm
Hi all traders and special thanks to Landline for many useful inputs.
All is well and it is good to see other threads opening the subject! Already posted an invitation there
Money management is the secret here and leaving a small portion as long as you can will really pay back.
It's personal preference at the end of the day
Make use of ADR number for each pair so you always let the trade breath , I would say 1:1 or 1: 2 then close 70%o of your position but please leve the other 30% as much as you can while you go fishing for other pairs..
Will do a quick scan and post any charts with comments
All the best
All is well and it is good to see other threads opening the subject! Already posted an invitation there
Money management is the secret here and leaving a small portion as long as you can will really pay back.
It's personal preference at the end of the day
Make use of ADR number for each pair so you always let the trade breath , I would say 1:1 or 1: 2 then close 70%o of your position but please leve the other 30% as much as you can while you go fishing for other pairs..
Will do a quick scan and post any charts with comments
All the best
What goes up will come down...
Here is some "selected" pairs to look at :
Week June 5-9
Week June 5-9
- AUDUSD ( SHORT )
https://www.mql5.com/en/charts/71558...choice-limited
- EURAUD ( LONG )
https://www.mql5.com/en/charts/71558...choice-limited
- EURJPY ( LONG )
https://www.mql5.com/en/charts/71558...choice-limited
- CHFJPY ( LONG )
https://www.mql5.com/en/charts/71559...choice-limited
And to add to the member who mentioned commodities , please see this chart of German Index , if signal followed you would have been long since January! just by compounding every time the blue dot appears above the MA...
- DE30
https://www.mql5.com/en/charts/71559...choice-limited
- Bitcoin , a buy signal @ 637.60
https://www.mql5.com/en/charts/71559...choice-limited
Green Pips to all
What goes up will come down...