dchappy
Big Happy Congras on a great trade !!! jb
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Thanks Guys ; Really appreciate your support . Nikki asked me to post a while longer
Somehow it helps me stay focused . Slept thru London again ..but took the sema at NY open & it's moving sloooowly in the right direction ..
Are there any Ninja traders who can code Ninja script ?? I'd like to look into auto-trading ..if so please PM me .......Thanks ...Chappy
Somehow it helps me stay focused . Slept thru London again ..but took the sema at NY open & it's moving sloooowly in the right direction ..
Are there any Ninja traders who can code Ninja script ?? I'd like to look into auto-trading ..if so please PM me .......Thanks ...Chappy
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- RicG
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Hi Chappy,dchappy wrote:Zig & Zag ..2 for 3 today ..2nd trade stopped out at -10 ..
Lesson : Trust the sema but be focused when price approaches the mid-channel area ....... Trade well ....Chappy
Do you have a hard SL at -10, or do you get out of a losing trade based on price action? other? And what about TP?
Thanks,
Ric
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)
Hi Ric : I set an initial SL at +3 above /below the last swing ( usually about 15 pips) . At 15 in profit the stop moves to break even . I try to let it run to the opposite side of the channel but if the HA color changes ( on bar close ) I pull the plug . I Like the EU cause it does'nt "spike" like some do . If I can bank 40 pips I'm done for the day ....Thanks, Chap
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- RicG
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Chap -- thanks for the info.
dchappy wrote:Hi Ric : I set an initial SL at +3 above /below the last swing ( usually about 15 pips) . At 15 in profit the stop moves to break even . I try to let it run to the opposite side of the channel but if the HA color changes ( on bar close ) I pull the plug . I Like the EU cause it does'nt "spike" like some do . If I can bank 40 pips I'm done for the day ....Thanks, Chap
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Hi Patriot : TRO has proven to me that price moves in a defined channel ,and that is what I base my trading on .
I have no template to give you but it's best if you build a chart yourself (you will understand it better ).
Any platform will work :
First drop a channel on your price chart ( regression ,deviation , price channel ,many names for the same thing ) a channel is just trend lines bracketing the prices highs & lows .
Give it a determined length ( I'm using 60 bars in length ,30,90,120 they all work ,If you have MT4 TRO has the indic 's ).
Then I add a trigger that I trust ( cci for me ,macd , stochastics ,z-lines, moving ave , really almost anything will work & after a while you may not need the trigger )
Then just pick a timeframe you are comfortable with and follow the rules(there are only 2 )
Sounds simple right ? It is ...
Will every signal be profitable ..............abolutely not
Will enough signals work to make me smile at the end of the day ?..You bet
Keep it simple , trust the sema & trade well.......Chappy
I have no template to give you but it's best if you build a chart yourself (you will understand it better ).
Any platform will work :
First drop a channel on your price chart ( regression ,deviation , price channel ,many names for the same thing ) a channel is just trend lines bracketing the prices highs & lows .
Give it a determined length ( I'm using 60 bars in length ,30,90,120 they all work ,If you have MT4 TRO has the indic 's ).
Then I add a trigger that I trust ( cci for me ,macd , stochastics ,z-lines, moving ave , really almost anything will work & after a while you may not need the trigger )
Then just pick a timeframe you are comfortable with and follow the rules(there are only 2 )
Sounds simple right ? It is ...
Will every signal be profitable ..............abolutely not
Will enough signals work to make me smile at the end of the day ?..You bet
Keep it simple , trust the sema & trade well.......Chappy
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