Fair enough, my apologies. Happy New Year to you too. The question remains if the cost averaging method serves you so well. Why not teach the method to others? It would appear this is a simpler method then counting 3 candles. Just requires patience ...

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Finally got a moment to make an example chart of the FVG Reversal Method showing how it works and repeats with the cycles in the market: image The blue and red lines are fractal period 5. Target tends to be last fractal LL or HH to the left of the ...

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Thank you. It has all been done before! It is just findng what provides the best probability of success. However I'm trying to keep it as simple as possible. Yes I find it works best on M1 and M5 time frames. Wait for the change of direction of FVG. ...

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The moving averages are not really needed for this method as we are looking at market structure. I tend to look for "M" moves trying to catch the last leg with this method. Look for areas of liquidity as targets. Handy148 will be happy as fractals ...

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The second template I like is below using 20 SMA high and low. This is basically the !!! Trend envelopes v2.02 indicator and OV 20 / 200 SMA. Obviously zigzag channel can be used etc... image

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Hi X, hope you feel better soon. I will give some background to this tease as the trading methods in this thread are discretionary i.e. not 100% rule based. Whilst SR Direction is a good indicator, the repaint was fustrating and did catch traders ...

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Thank you for the kind words.

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If X and C give approval I will share. It has made the difference for me.

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I have trained the cat and it is doing well! 118 pips today (still small lot size). Thanks for the support and help. image image

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These maybe of use: The first one can be used to alter SL levels etc.. file file file

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15 pips up, no losses. Off to work, have a great weekend everyone. R

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Trying out another method today: If zigzag 3,,0,2 does not match 12,5,3. Then potentially a pullback within trend. image

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Ced74, how do you do that; amazing! It looks like you turned your back for a moment from the computer and a child came along and pressed the buy / sell button numerous times. Maybe I can train a cat to do that. . You turn back and 100% ...

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Done for the day using a simple strategy. Small scalping trades as working, so could not let them run. Only one losing trade. Slowly getting there. image image

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Well had one of those days, today. Going well, then wrong decision and let it run. Followed C advice, was patient, let price comeback, did some counter trades and recovered 99%. Down by 0.9 pips / 80 pence. This is the problem when trying to trade ...

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Thought I would join in too. Still practising image 1 losing trade, wrong call and shutdown quick. +71.5 pips.

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Got out too soon, Should have waited for the liquidity level. So did some counter scalping. Still learning. image

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See javipenjamo. It was going well and then I made wrong decision on 3 buy trades (not following the plan). Had to use cost averaging to end in profit. image

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Know the feeling. Cut bad trades quick, so the small loss can be recovered. There will always be another trade. You can determine if a trade is bad, if the loss is more than your average profit per trade; by x amount as an example. As OV states you ...

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Need to have standard MT4 HA indicator in the mt4 indicator folder: image Always look at the expert and journal tab, to start with, when something is not behaving.

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