Would you trade this pair?
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inzider wrote:By the way....
you guys ain't using the MO candle number any more?
No use ?
Later


TheRumpledOne wrote:A few quick questions (I often trade similar to this anyways) but just putting some thoughts out there.
1. assuming you are using 5 pips or grab what you can as a take profit - how does this work for you using say a 10 or 20 pip sl (I typically use the S/R line as my stop loss and then adjust my position size based on the distance to the S/R line). I guess what I am trying to ask is are you using static S/L's and position sizes or are you risk adjusting them based on the potential S/R level - larger SL - smaller position
I DON'T USE A SL OF 10 OR 20.
2 - Based on the trail indicator, which I am just starting to play with, I see you have a H1 bias indicator - essentially so you don't get caught on the wrong side of momentum - and that you are generating most entry signals on a retrace of the prior move and not entering on breakouts
I'LL TRADE THE BREAKOUT AND THE REVERSAL.
3. For the trail indicator, from your experience, is 5 the best setting for the i periods - or have you played around with that
YES, 5 IS THE BEST
4 - when you say that you have entered 3 times, how do you mean? [s]3 times on the same 15 minute candle? [/s] ( my bad, reading error) 3 successive 15 minute candles? Were all 3 profitable?
ONE ENTRY PER M15 CANDLE.
