There are a number of great things about this method. One of them is that it offers the opportunity to scalp for a few minutes at a time. Wait for the new candles to form; flip through the charts; take the appropriate trades and let the trade manager set sl and tp. Brilliant.woodlands » Sat Oct 10, 2015 11:37 am wrote:I downloaded and traded manually for only about 45 mins on the M15 when I had a few moments, I followed your guide rules and closed out just on a feeling. The feeling was 'that's a profit, I'll take it'![]()
I opened positions at market when the ADX colour changed or when one of the other three changed at candle opening to make the set of four.
No reason for market trade instead of buy stop except that I was busy on the telephone at the same time......
I shall set up Steve's 'Goosey' this weekend and put your trade manager on the manual trading account for next week.
Thanks
Tony
Re this comment from Tony's post:
Couldn't agree more. I have noticed on the M15 that a candle that starts to retrace after reaching BE retraces to this point more often than not. Snaffle the profits whilst they are available - we do not go short of trades.I followed your guide rules and closed out just on a feeling. The feeling was 'that's a profit, I'll take it'![]()
You guys might even consider using Goosey as a semi-auto trader. Let her take the trades but then monitor them for closure yourselves. It is a thought.