Never Lose Again
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monolisa
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Hi MO, I presume the "8" is not really number eight but a combination of "3" and a cross "X"? Is it correct?
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu
I would have used the closing price of the 1 Semafor
Manta wrote:Maybe this can help to somebody...Chart is 5M GBPUSD from yesterday afternoon. I did not take this trade, because i was not at my computer (I don't like friday afternoon trading), but it shows how I would trade.
Notice how small SL you need for 100-120 pips profit in just 2-3 hours.
MO, is the TL marked on my chart correct?
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Yes...
Manta wrote:Like this?MightyOne wrote:I would have used the closing price of the 1 SemaforManta wrote:Maybe this can help to somebody...Chart is 5M GBPUSD from yesterday afternoon. I did not take this trade, because i was not at my computer (I don't like friday afternoon trading), but it shows how I would trade.
Notice how small SL you need for 100-120 pips profit in just 2-3 hours.
MO, is the TL marked on my chart correct?
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monolisa
- rank: 150+ posts
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To MO and Manta: So do you short as soon as price break support (box with A low and B high) or wait until the next candle open? Where do you put your stoploss? Thanks in advance
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu
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jahjahblessed
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yes
MightyOne wrote:
yes those semafor 3 2 and 1 with x are very powerful been trading them for the pass 2 days need more test been good so far
transform to PIP"S FARI
Whatever the mind of man can conceive and believe, it can achieve.
Napoleon Hill
JAHJAHBLESSED
Whatever the mind of man can conceive and believe, it can achieve.
Napoleon Hill
JAHJAHBLESSED
You are confusing me for a systems trader when I am discretionary.
If you are asking if the probability that price will not return to the high is greater when price closes out side of the largest decline that returned to the high then the answer is yes.
I am usually short before the box is even hit.
I may go long shortly after the low break until price closes below the box.
My SL is either 9, 14, or 19 pips
If the spread is > 3 then my SL is not 9
If the spread is > 5 then my SL is not 14
If I scalp then it is added to my SL for re entry
My SL NEVER moves!
If I wish to reduce risk then I will take profit.
If you are asking if the probability that price will not return to the high is greater when price closes out side of the largest decline that returned to the high then the answer is yes.
I am usually short before the box is even hit.
I may go long shortly after the low break until price closes below the box.
My SL is either 9, 14, or 19 pips
If the spread is > 3 then my SL is not 9
If the spread is > 5 then my SL is not 14
If I scalp then it is added to my SL for re entry
My SL NEVER moves!
If I wish to reduce risk then I will take profit.
monolisa wrote:To MO and Manta: So do you short as soon as price break support (box with A low and B high) or wait until the next candle open? Where do you put your stoploss? Thanks in advance
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