demonl
do you use same method for hourly tf?
do you use same method for hourly tf?
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DislikedAs price moves up ( in this case) against the previous bar, I may also move up the the pending order.Ignored
DislikedSometimes I will place the pending order even if the trade does not go at least 1/2 way back the body of the previous closed bar.Ignored
DislikedHello, Thanks for sharing that interesting thread. Lots of questions {quote} - What are the conditions? {quote} - I suppose its when there is a big trend, but how do you know it? http://www.forexfactory.com/attachme...8&d=1440644290 - If price pull back more than the 1/2 way back of the previous candle, you have 2 enters in the direction of the previous bars? one on close, one on open right? - non lags and channels are only for SL and TP? or can be used to show you a big trend too? - does your strategie is the...Ignored
DislikedHi Damonl I love your charts, very simple, very clean. I love the KISS principle. Thank you for starting this great thread. Ok I love to trade trend reversals.......but more often than not I get run over by the price action as it turns around and resumes its original trend. So can you elaborate on how do you handle trend reversals. Looking forward to more nuggets of trading wisdom from you. F25Ignored
DislikedNew trade entered: Here is the chart of a trade that just entered. I did not need the trade to get to the center body of the previous bar, as it got to the support level. If I wanted to be riskier I would have entered long at the support level, but I need to stick to my rules. Anyway, enjoy the chart, and I hope that the pair makes a new swing high during this 4HR move. That will be a nice profit! It is a tough trade though as it is right at resistance as well, so I went in smaller than normal. {image}Ignored
Disliked{quote} Hi damonl, quick question , do you stay at the computer from the start and close of the entire 4H candle ? from the above picture it seems you do , am i right ? please correct me if i'm wrong.Ignored
Disliked{quote} Not always. Not even close to all the time actually. I will check it out sometimes to make sure I did not make an error. I will also make sure that I am around at the end of the bar to close the trade. But no, it is not my practice to watch the charts for the whole time that I have trades open. Especially, since the best TF to trade from has got to be the DI, but that does take constant monitoring to make sure that I am around to be there to enter a trade if the opportunity comes up. I hope that this clarifies things for you.Ignored
Disliked{quote} Hi damonl, quick question , do you stay at the computer from the start and close of the entire 4H candle ? from the above picture it seems you do , am i right ? please correct me if i'm wrong.Ignored
Disliked{quote} Perhaps this will make your life a little bit easier? https://www.mql5.com/en/market/product/10911 By the way, do you think m30 is too small?Ignored
Disliked{quote} Hey: Thanks for that little golden nugget. I had not looked at the 30M at all until you asked, so I pulled up the geppy, and it looked like a fantastic pair to trade on the 30M chart so I am sure there are other pairs that would work a well. The only thing I can say is that there is going to be a lot of pullback on your profit on the 30 minute bar before it closes. So, you may want to close byefore the pullback happens so that you keep you profits, and that would mean closing before the bar does. That is my thoughts when it comes to the...Ignored
Disliked{quote} You could trade the 30m open on a 1m chart so you can put your stop @ last h/l for a smaller stop. Use the m-candles indie or a mtf ma.Ignored
Disliked{quote} You could trade the 30m open on a 1m chart so you can put your stop @ last h/l for a smaller stop. Use the m-candles indie or a mtf ma.Ignored
DislikedSubscribed. Love to learn something new. Hope you will have long lasting topicIgnored