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EurCad Analysis and Trading Ideas 594 replies
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Disliked{quote} When opening the trade, the opposite channel is quite a good place since that is approximately where price would be if the trend changed whenthe channel crossed back. As the trade progresses (hopefully in the right direction) you can move the stops tighter. However, I also take note of PA patterns and, if I think they are contrary to the trade direction, I'll cut it short.Ignored
Disliked{quote} Any tf you like, exactly the same process, it just depends on your preferred trading style. I prefer to be in and out quickly and on small tf's I can use reasonable sized trades and be done and dusted an hour or so after London open. If you prefer higher tf, you just need to adjust the trade size to allow for the larger movements involved.Ignored
Disliked10 consecutive 2R wins risking 50 % of your equity - and tadaaam : ) you have your 50k easy peasy ... lolIgnored
DislikedLast one for now as I have to concentrate on something else. Hope you get the idea, these small, reasonably low risk trades add up quickly to a nice daily profit. {image}Ignored
Disliked{quote} I agree but what you mean exactly? Are you trying to say that this is too hard and unreadable?Ignored
DislikedHi SilentFather, Really intrigued with this strategy. What are the settings you are using for the Price Bands indicator for ctrader? thanks.Ignored
DislikedI'm really not sure it needs to be any more complicated than Price Action + Patience The channels make the PA very much easier to spot and also give clear levels where support and resistance can be expected. PA for entry and channel HLs for exits has given me a very profitable morning. {image} {image}Ignored
Disliked{quote} Not really complicated mate. As I checked the old signals, when this happens, you have 100% chance that price will reverse. It works everytime. We can use it together with your style, then it is even better. I'm currently trading it.Ignored