TheRumpledOne wrote:TRO001.png
TRO_HL5 indicator and TEST template attached.
Thank you TRO! Printed on my charts
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TheRumpledOne wrote:TRO001.png
TRO_HL5 indicator and TEST template attached.
Mira wrote:I didn't trade this one, but after 1000+ zones that i looked at i have a feeling: it's all about stops.
Aliassmith and MightyOne wrote many times about this topic and i'm noticing that placing a Stop Loss at a pivot is like feeding my broker.
Having enough space would keep me safe from spikes when i'm right and would give me more possibilities to get out at zero when i'm wrong.
Do i have to "say goodbye" to tight stops? What about the (smaller) returns?
USDCADM30.png
LeMercenaire wrote:Mira wrote:I didn't trade this one, but after 1000+ zones that i looked at i have a feeling: it's all about stops.
Aliassmith and MightyOne wrote many times about this topic and i'm noticing that placing a Stop Loss at a pivot is like feeding my broker.
Having enough space would keep me safe from spikes when i'm right and would give me more possibilities to get out at zero when i'm wrong.
Do i have to "say goodbye" to tight stops? What about the (smaller) returns?
USDCADM30.png
Run a fib inside the limits of the zone. You may get an idea or two
Mira wrote:LeMercenaire wrote:Mira wrote:I didn't trade this one, but after 1000+ zones that i looked at i have a feeling: it's all about stops.
Aliassmith and MightyOne wrote many times about this topic and i'm noticing that placing a Stop Loss at a pivot is like feeding my broker.
Having enough space would keep me safe from spikes when i'm right and would give me more possibilities to get out at zero when i'm wrong.
Do i have to "say goodbye" to tight stops? What about the (smaller) returns?
USDCADM30.png
Run a fib inside the limits of the zone. You may get an idea or two
Mmmm.. I don’t know if I’m getting it right
Could you give me a clue about it?
Thank you!
LeMercenaire wrote:Mira wrote:LeMercenaire wrote:
Run a fib inside the limits of the zone. You may get an idea or two
Mmmm.. I don’t know if I’m getting it right
Could you give me a clue about it?
Thank you!
In effect, an S+D Zone can act as a retrace zone, just like a candle. So just like you can run a fib over the range of a candle and see a 50% level for the following candle to act inside, you can do the same with an S+D Zone. The candles that push into that zone will respect the fib levels.
Mira wrote:LeMercenaire wrote:Mira wrote:
Mmmm.. I don’t know if I’m getting it right
Could you give me a clue about it?
Thank you!
In effect, an S+D Zone can act as a retrace zone, just like a candle. So just like you can run a fib over the range of a candle and see a 50% level for the following candle to act inside, you can do the same with an S+D Zone. The candles that push into that zone will respect the fib levels.
Ahhh ok now I got it! Thanks!
Sorry, I was referring to my stop loss placement, not the entries.
I’m wondering if using the ATR can give me some edge (statistically).