MightyOne wrote:Aren't bar/line charts so much easier to read than the blindingly colorful candles?
I enjoy reading your posts THEDOMINICANREPUBLIC, keep it up.
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Thanks.
you just trend lines to enter your trades?
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MightyOne wrote:Aren't bar/line charts so much easier to read than the blindingly colorful candles?
I enjoy reading your posts THEDOMINICANREPUBLIC, keep it up.
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THEDOMINICANREPUBLIC wrote:Thanks.
you just trend lines to enter your trades?
MightyOne wrote:THEDOMINICANREPUBLIC wrote:Thanks.
you just trend lines to enter your trades?
If price can only touch a single point of a trend line then doesn't that make it a horizontal line for the duration of the bar?
Enter because:
1) price returns to area one
2) price returns to area two
3) price touches a line
a) price closes over a line.
No matter what I do I am just risking x number of lines to make so many number of lines.
Taking a longer term view, you might wait for the daily to enter area 1 and then enter short within an hourly charts "1" or "2" area.
I am sure that you are already aware that there are more strategies than can be posted to a forum. You just do whatever pops into your head, note your experience, and then move on to the next trade.
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THEDOMINICANREPUBLIC wrote:hi,mightyone.
What is the win rate of your system?
and what is the name of the indicators that you are using?
i like to combine some ideas with my own ideas.
Ido not get influenced by traders that hate to use MA and others classical indicators, as i said that is their style.
MightyOne wrote:This is all that I have on my charts (i_sweetspotsGOLD_EIGHTS_v5)
There is no single system, just what one clearly sees when looking at the price charts: patterns, breakouts, break-ins, & horizontal lines.
The indicator from top to bottom:
Hourly%: the lower the number the greater the price risk
Tick-Counter: used for trading the buy-zone:
you might switch charts at the open and then go short when the pip counter is equal to the line width but only if it does so within so many ticks.
$/line: the amount by which each line grows in value per button press.
lots_isdollars/line: helps to answer the "is my trade worth holding or should I take profit and work on building my lot size" question.
Spread_%: if the spread is greater than 50% of one line then the chart cannot be traded.
The spread could be 50 pips, but what does that mean in relation to the movement of the pair?
If 50 pips is only a 3rd of a line, and you are not a scalper, then don't even worry about it.
All that I can really do is explain how I see things, which is largely influenced by TRO, the rest is up to you.
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