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.
Thanks,you mastered your system. what is your average position size?
and can you please post here the trade when you enter then so i can jum in if it agree with my system too?