prochargedmopar wrote:MightyOne wrote:prochargedmopar wrote:Horizontally the rule of thumb is the tighter the better.
Will you please put this into the context you are referring to?
I understand the next 2 statements, just not that one.
And, I really appreciate that chart and the guidelilnes you've writtin on it.
The rule of thumb is to take a chart like this:
| | | | | | | | | |
and make it look like this:
The tighter the better...
Thankyou, I understand. (ZOOM OUT) LOL
Your teaching is brilliant and the last few weeks have opened up doors for many traders on this site. Simple but powerful.
If you are trading the $450, please show us some trades.
Seeing is part of learning and this would be very helpful to many of those who doubt.
I have not placed a trade on the micro account as of yet
I have been busy just writing the trading plan.
I have been working on a formula for targeting profit and selecting only the best trades and its name is mfAR or Momentum Filtered Average Range.
It should allow me to pick great trades on the six hour + without having to drop down to a smaller time frame.
I modified the formula to trade charts all the way down to H1
Soon you may get your hands on another rat trade...