Disliked{quote} Hi, One question please: the line derived by the channels cross acts as a magnet for price. Is that it? Thanks and Regards S.Ignored
SF
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Disliked{quote} Hi, One question please: the line derived by the channels cross acts as a magnet for price. Is that it? Thanks and Regards S.Ignored
Dislikedwe have finally a working system. We know what to check and what to seeIgnored
DislikedThe pattern to look for is a spike on one channel being crossed by the opposite channelIgnored
Disliked{quote} Sorry, SF, but I'm still confused about the main idea. {quote} We still don't have a filter to know: wether price is going to return to the cross line or price is going to make new HH|LL and continue the trend . In other words: {quote} Or I have missed something?Ignored
DislikedBy the way, My eyes often see a picture like this "cap": {image} (upper OR lower band "crosses" ITSELF with spikes) I think it's just a variant of SF's blue indicator's trendline technic, but it strongly gives return&TP as I can see. And repeats often. . The question is where to set SL? Not a nearest spike, not a current band price are good.Ignored
Disliked{quote} Signal is correct buy. I might have a filter, I will check it as soon as possible. SFIgnored
Disliked{quote} Sadly not. The thing is that band will penetrate the band and return back. This works 99% of the time. I saw one that never came back but it is only matter of time. But as said, no have has the filter. I believe the filter is the normal price. SFIgnored
Disliked{quote} I belive we need to trade without SL. But use SL as a balance. For example we deposit 100 eur and our risk is 100eur if we make 100 eur we withdraval it if we lose then deposit another 100 eur.Ignored
Disliked{quote} {image} So...I didn't take the bounce trade on gbpjpy, because I was asleep , however the trend line was respected, price paused at that level, broke it, it came back to it, became resistance and bounced down from it. Took a small trade for small profit (all trail and error for me at the moment. I'm starting to really like these lines Cheers EzzyIgnored
Disliked{quote} Which indicator is that? I mean, the blue one for MT4. I saw back there lot's of trying. Which simulate better on MT4 this blue indicator from ctrader?Ignored
Disliked{quote} I belive we need to trade without SL. But use SL as a balance. For example we deposit 100 eur and our risk is 100eur if we make 100 eur we withdraval it if we lose then deposit another 100 eur.Ignored
Disliked{quote} It Is possible but not really needed for example if you scalp. Even then if you enter with exact rules, you will be more in profit than in negative balance. SFIgnored
Disliked{quote} Excuse me, Do you mean trendlines strategy or channel cross? Do exact rules regulate SL?Ignored
Disliked{quote} But then you loose the value of compound... 500 Euros: 100 Trades a month, with a tiny 0,2 R edge, compounds roughly to a million in a couple of years. That is the challenge! To trade for 100 bucks a day?...too much work for little money.("mucho trabajo, poco dinero").[/q 1uote] Me gusta sun un dos tres quatro sinkonses pappy. If pattern what we talk anbout works 99%of time. then its best money managment by logic not to use stop lossIgnored
Disliked{quote} Channels losses almost every time to me Almost every time. I use big SL but it continues trend usually and hit SL. How do you guys make it win 99% - I just don't know.Ignored
Disliked{quote} This is also something personal.....i rather have a 1:2 risk to reward and a 60 %winning percentage .... I don't like big DD and cut my losses early, you can also use a emergency stop but I think this is something personalIgnored
Disliked{quote} I'm not sure what approach you are taking but this is some of the easiest money I have ever made trading manually. Identifying the trend is key for my strategy - after that I wait for spikes in the channel in the appropriate direction to appear and trade towards them. I've tried to show the strategy in the chart and my trades so far this morning (it still has a bit further to go down). Ultimate SL is a trend change but putting in a BE after the move covers you. Price usually reaches the spike but I tend to place the TP a few pips above as...Ignored