Half top-Half bottom
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mieloo
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Re: Half top-Half bottom
another setup , this time we had a 2 pip tp miss. but what is more important is the clear reaction of the buyers from the 50% .
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mieloo
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Re: Half top-Half bottom
late in the american session we had another setup. but the pending wasn't launched till the end of the sessions , so got erased.
again low volatility....
again low volatility....
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mieloo
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Re: Half top-Half bottom
in the mean time another possible setup apeared.
i'm waiting for a close over the marked buy fractal. then for another buy fractal to form. then i will measure the distance from the second buy fractal till the marked sell fractal and place a pending buy on the 50%.
i'm waiting for a close over the marked buy fractal. then for another buy fractal to form. then i will measure the distance from the second buy fractal till the marked sell fractal and place a pending buy on the 50%.
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mieloo
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Re: Half top-Half bottom
ok, so we have set a pending order.
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mieloo
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Re: Half top-Half bottom
good reaction from 50% , but london open.... sl hit
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mieloo
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Re: Half top-Half bottom
another setup. pending on. this one looks very nice.
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mieloo
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Re: Half top-Half bottom
tp hit. notice if the setup apears in high volatility, it is more likely to respect the rules.
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mieloo
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Re: Half top-Half bottom
today we had 2 setups.
the first one was more of a lateral price action , not a V or A shape. in my manual trading this i will skip, but for automation porpose i have to take it into consideration as all the rules stated in the first post were respected. it resulted in a small 10 pips loss.
the second one was a perfect setup with a perfect outcome.
the first one was more of a lateral price action , not a V or A shape. in my manual trading this i will skip, but for automation porpose i have to take it into consideration as all the rules stated in the first post were respected. it resulted in a small 10 pips loss.
the second one was a perfect setup with a perfect outcome.
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mieloo
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Re: Half top-Half bottom
as i see no response to my post, i want to ask, is there someone that is interested in this method ?
or better stop the thread?
same thing happend with my counter layout thread.... maybe all of you are interested in multi-indicator , grid or martingale systems...
what i propose here and in the other thread are two specific setups, with medium freqvency and fixed SL and TP which make it possible to choose your own MM. both setups are quintesence of 10 months of at least 8 hour daily trading following the chart on M1 or M5. i'm not a begginer who discovered the "hg".
i saw them again , and again... what i'm trying to show here is that this can be automated, this is why i'm introducing indicators.
what are the advantages of this kind of trading"
1. you are not always in the market.. as you all know this approach is very dangerous.
2. the trades are very short and have clear reasons.
3. no trend recognition
4. both are reactive setups
5. usually you dont lose more then 25 pips on a bad trade and the chances of having 3 bad trades in a day are slim.
6. this is the safest way to trade and the results appear over a medium period of doing the same thing with discipline and patience... as every trading book says. so this is why the best way to trade them is an EA.
or better stop the thread?
same thing happend with my counter layout thread.... maybe all of you are interested in multi-indicator , grid or martingale systems...
what i propose here and in the other thread are two specific setups, with medium freqvency and fixed SL and TP which make it possible to choose your own MM. both setups are quintesence of 10 months of at least 8 hour daily trading following the chart on M1 or M5. i'm not a begginer who discovered the "hg".
i saw them again , and again... what i'm trying to show here is that this can be automated, this is why i'm introducing indicators.
what are the advantages of this kind of trading"
1. you are not always in the market.. as you all know this approach is very dangerous.
2. the trades are very short and have clear reasons.
3. no trend recognition
4. both are reactive setups
5. usually you dont lose more then 25 pips on a bad trade and the chances of having 3 bad trades in a day are slim.
6. this is the safest way to trade and the results appear over a medium period of doing the same thing with discipline and patience... as every trading book says. so this is why the best way to trade them is an EA.