Mr. Hyde wrote:prochargedmopar wrote:Where's Mr. Hyde?
Sorry Pro, dealing with health issues.
So basically for the past two weeks all I do is get up during London, look at 3-4 pairs on the 1hr, Switch to the 15 m chart then lay in bed till a momo bar shows up and enter. been working out pretty good. I really like this method. but for me its missing something. I need either something for direction or anhothe indy for to confirm the trend. I say this only because I want to get it more mechanical were all I don is wait for everything to line up and place a trade. Also I use the momo bar extreme as my sl and I aim for 2-1 RR. So it is agrresive on that part and is probably causing some of my loses. If I could get a solid 2 or 3-1 RR each day I would be in heaven. And I want to do that with about a 2 out of 3 win rate and not having to watch a million charts. Back when I got into day trading when Lem was helping I would be watching way to many pairs and just cause to much anxiety. I burnt myself out doing that 8-16 hours a day. The money was great but u cant do that forever.
Even with very little effort on my part I have already seen about a 20% increase in profits with this method. Which is awesome. I think a 50% is def in the cards. My biggest thing is, I don't just want to use this as an entry method on trades im already doing off a HTF. I would like to be able to use it on pairs im not in trades on. I did a quick test. Taking every trade using my sl and tp over three weeks I won 20 out of 35 trades. Not the best win rate, but the RR makes up for it. This was off a 15m chart.
Just relized I have been using a ema and not sma. Could be making a difference.
Nope. NO other indy required.
I took the mo bar indy off my chart.
I took the MAs off all but m5.
They will disappear this week.
Back to Naked Price.
ZL/Momo/MZ/Gaps.
I must master these as es/pip did.
The accuracy is uncanny. SL can be 5-8 pips on EVERY trade.
Watch this 3 min video.
Do you see where he could have ADDED to the trade?
You may have to slow it down to 1/4 speed to see annotations as price developed and pause where needed to read them.
It is a silent vid.