winny wrote:stifland1 wrote:I had a question here. AT 00:00 hour, we had a sell. I entered short, it reversed and said Long. Should we reverse or is this a once an hour trade? Also how are the 3 pip spread accountrd for? I can only see I have to use a market because otherwise the mt4 doesb't take orders because it is too close.
In my opinion this system can be used several ways. Please, if you do not want to burn your fingers, then trade the buyzone during the London open. And forget the rest of the day.
But if you want to persist and like to trade all day long then I guess you could have reversed here. What you should do is use the blue lines and red lines as your trigger, but...........it must be accompanied by some other fast trend mechanism/indicator/strategie/system (whatever you want to call it). Only take longs above the buyzone, only take shorts below the sellzone.
Use the trend as your guide for riding the trend. This is also your trailing stop. Practice, you will do fine eventually.
This is very good advice. Might I also suggest the London open and GBPUSD.
