Dan wrote:The template I'm after is the latest one you've been using with the ninja macd and also the trade info that tells you your percentages, very handy.
I struggle to find the time to even trade so it's hard right now to post here but I'll lift my game soon.
I've just marked up a chart showing the things I look for, hope this helps.
Inspired by Dragon, Doji and Mighty One (even though most of your stuff is still all riddles to me).
Any tips on how to tell when to stay in longer and when to exit would make my day. I'm just getting out at around 20 pips and waiting to re-enter.
Chart looks good to me Dan.
Tip for staying in longer: You're entering in on the pullback and using the smaller TF for entry right? Well on that timeframe lines are going to form too.
As long as those lines hold in your direction stay in until one of them breaks against you. Yes you will give pips back. I don't know ANY method of staying in for longer that, at the end of the run will not result in giving pips back, so there's 2 choices, keep cutting early or try to hold more and give some back.
Recently I've been dropping down one TF lower at entry, especially if the new trend has been established for a while and I think it might be nearing the end: jury is still out on that one TBH, sometimes it keeps me in for a nice run, sometimes it gets me cutting for BE or a bit less and then missing a run, so I'm starting to think of not dropping below the 5 minute if I'm looking at 5/15 initially....or only looking at the one minute towards the end of a run where I think price might start to turn and then using the 1 for exit.