DT is easy...
It all comes down to:
Long above 4hr+ High BO
Short below BO line after High Breakout and reverse.
razorboy wrote:I am assuming this is a scalping play.............or are you dropping off units a price goes your way to build profit to grow your SL?
I am still beating myself to figure out how to use the dynamic trend approach and when the trend needs to be recalculated.........
MightyOne wrote:~ 2 ticks of movement from click to click.
razorboy wrote:What is your definition of "immediately"?MightyOne wrote:All you are doing is entering 20% of your position per click instead of all at once.
If you want the go long 1 standard at a line then go long 2 mini lots instead. If all is well then immediately add 2 more and then 2 more and then 2 more until you have 1 standard lot.
I'd say that the time between clicks is the time it takes you to say "all is well."
If some thing goes wrong you will know because your trigger finger will start to freeze over :shocked:
If price hits a 00 line and you enter 2 mini lots and price responds by reversing 20 pips then you are not going to keep clicking the button.
If price does start to take off then you have nothing to worry about; you are making money so keep clicking until you have a position of 1 standard.
Let patience be your edge...holy123 wrote:MightyOne wrote:I considered for hours upon hours which method of money management offered to lowest draw down and the greatest potential reward and have come up with a few answers.
Method 1: The Tortoise:
Let us say that you wish to go short 1 standard lot upon receiving an indication to do so:
1. Instead of setting your one click entry to 1 standard lot set it to 2 mini lots.
2. Push the button and enter 2 mini lots
Did price slam into your SL? No biggie!
3. Does every thing appear to be ok ie no adverse reactions? Ok then push the button again and now you are up to 4 mini lots.
You don't have to wait for a specific amount of time; think of it as crossing several streets pausing for a second at each one to make sure that there are no oncoming cars.
If price retraced 6 pips and held steady then your next push of the button would contain a SL that is 6 pips higher than the first short.
I would consider an adverse reaction to be a near instantaneous move against me of 9 or more pips.
What if price shoots up 40, 60, or 80 pips and I only got 1 click off!
How often does this happen?
You should trade as if only bad things happen and consider the good times to be a blessing.
always glad to learn from you.
could you please elaborate a bit more on this ?
Maybe give an example. That would be really helpful.
thanks a lot