dojirock wrote:2017-09-21_2201_9.jpg
doji
Well your stress was A+ approved this time around as we had a TL break, AO cross, S/R break, and a 123 Top. lol
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dojirock wrote:2017-09-21_2201_9.jpg
doji
prochargedmopar wrote:The last two swings were classic 123 patterns.
After the prior 2-3 swings being sketchy giving doublw 123's before a move or giving a false 123 and then continuation I was very hesitant to trade these two.
Have to be a dang soothe sayer with crystal ball to know which ones to trade.
Or have some kind of MM system to overcome the 60+% loss rate one would encounter.
Hmmmmmm
judokamak wrote:prochargedmopar wrote:The last two swings were classic 123 patterns.
After the prior 2-3 swings being sketchy giving doublw 123's before a move or giving a false 123 and then continuation I was very hesitant to trade these two.
Have to be a dang soothe sayer with crystal ball to know which ones to trade.
Or have some kind of MM system to overcome the 60+% loss rate one would encounter.
Hmmmmmm
Filter=higher TF position/zline/s&d, leave the rest of them
As Doji says...you only need 2 TF max
just a suggestion....
prochargedmopar wrote:I spent years trying to trade the triple screen. Not gonna happen.
Higher TF is great for levels but then I do not honor my smaller tiimeframe SL because I'm actually trading the higher time frame.
I'm not one to accept being stopped 3x to get into the bigger move. I'd prefer to just wait in drawdown for the bigger move to take place.
Or trade only the smaller move but this always leaves me in the 1:1 or worse profit ratios.
Anyway.
There were a lot of decisions to be made in ONE week on an m15 chart using only ej.
#decisions.JPG
prochargedmopar wrote:...
Nothing from arrow to arrow said to buy.
MightyOne wrote:prochargedmopar wrote:...
Nothing from arrow to arrow said to buy.
The chart is there, but what you are really trading is money.
+2 lines twice is +56.25% size and if I do hit a run where I make 16 lines then that is an extra 9 lines of profit.
Imagine targeting 20 pips but each time you reach it your broker credits you more pips than you have made:
+20, +25, +31, +39, +48, +61, +76, +95
Stacking: +395 pips
Not stacking: +160 pips
---------------------------
Difference: 235 pips (+11.75 trades winning trades)
Of the 395 pips you are risking 98.7 pips (your stop is not 98.7 pips, it is worth 98.7 pips) on one trade; that might seem like a lot but even if
you were to lose your next 2 trades you would still be up more money than the person who is not stacking.
I'm just risking lines and making lines; I do whatever I feel that I can get away with using acceptable levels of risk.
If the idea is based on H1- then more often than not I am going to 'exit too early'
If the idea is based on H4 then I am going to catch a nice run or if the idea is that of the daily+ then the pip gain will be epic.
All that I am saying is be smart without being too rigid.
Every trade is simply the risk weighed against the reward.
EURJPYM15.png