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- philstodd replied Jan 2, 2022
Tradeable areas. Notice the stop loss levels. We need the heiken body to break above the wicks to be stopped out. image
Destroy Markets With Convergence and Divergence
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Destroy Markets With Convergence and Divergence
Started Jan 2, 2022|Trading Systems|39 repliesHello everyone. Big Phil back with a simple strategy to trade almost any market. My goto ...
- philstodd replied Jan 12, 2021
Ripping EUR/JPY right now with this edited system.....green beautiful continuous numbers. Excited to give you guys this new edited system after another 8 trades.
Easy Eyes Renko
- philstodd replied Jan 12, 2021
A trend that fails once with a small stop out is amazing...twice....can't believe it....3 times almost nil....4 times.....that's my record(after I understood markets)...speak for yourselves....all the while keeping greater odds in your favor and ...
Easy Eyes Renko
- philstodd replied Jan 12, 2021
Let me be frank...fuck the big money banks and hedge funds...you can trade with them if you see what they are doing and follow their manipulation. You can get better entries and get out early. Coming from a God fearing man...you won't hear this from ...
Easy Eyes Renko
- philstodd replied Jan 12, 2021
Something many of you new traders may not understand....if you are in a trend following stage with a trendline and price goes in your favor.....a possible exit signal break of that trend line will incur you a minimal loss because of that trend ...
Easy Eyes Renko
- philstodd replied Jan 12, 2021
Also another sneak peak...if my continued backtesting is correct....this will eliminate the 200 ema.
Easy Eyes Renko
- philstodd replied Jan 12, 2021
And a Sneak peak...why fib fan???? Because a trend doesn't always follow exact trendlines or a MA. Fib is part of this world...in almost every way.....now on the other hand...fib retracements...garbage...I've done my back tests many years ago on ...
Easy Eyes Renko
- philstodd replied Jan 12, 2021
To further the accuracy of this system I been using a Fib Fan.....so far so good. As I informed you all there would be an extra indicator. Not a fan of many indicators...but a couple will be sufficient. Stand by for photos after some more tests.
Easy Eyes Renko
- philstodd replied Jan 10, 2021
4 and 5 candle rule???? Maybe one trade I missed in that chart....love your sarcasm though.
Easy Eyes Renko
- philstodd replied Jan 10, 2021
May even do a 3 to 1....place take profit at 2 to win.....must take 4 to 1.....whole idea is to get to the 3 to 1 level.
Easy Eyes Renko
- philstodd replied Jan 10, 2021
also remember to close the trade out if it makes the 3 bars complete but doesn't take profit because of the spread......monitor....
Easy Eyes Renko
- philstodd replied Jan 10, 2021
Also sorry for the confusion....price moves up 2 bars....cut loss in half + spread.....rough weekend lol.
Easy Eyes Renko
- philstodd replied Jan 10, 2021
Let me clarify the ranging...simple.....price moves up 2 bars in profit...moves down 1 bar...then moves back up to 2 to 1...take it.
Easy Eyes Renko
- philstodd replied Jan 10, 2021
The main problem with the old system from my trading seems the break evens happen too much...although highly accurate...you never know when those few trades in a row will get you. I experienced it. A work still in progress. Possibly looking to add 1 ...
Easy Eyes Renko
- philstodd replied Jan 10, 2021
Ok I am going back to the original take/profit loss system. Had a few losses in a row that put my account 1 trade in negative profit. It happens, but my testing seems to work better with a 1 bar + spread stop out.....break even after 2 ...
Easy Eyes Renko
- philstodd replied Jan 3, 2021
image Look how we were saved from an 11 box stop out with that small candle look 2 times.
Easy Eyes Renko
- philstodd replied Jan 3, 2021
I've been noticing when we very seldom take an eleven box loss it seems as if the 200 is being broken...I may incorporate something to shorten the eleven box loss factoring in the 200 and if price moves close to our 11 box stop out but doesn't hit ...
Easy Eyes Renko
- philstodd replied Jan 3, 2021
image gbpusd. The arrow shows a no trade that saved us an eleven box loss. The circle would be a trade we are still in and not stopped out with the 11 box rule...
Easy Eyes Renko
- philstodd replied Jan 3, 2021
One of my biggest aggravations in trading???? A spread that moves to wide and I got a good signal......keeps me out of it....
Easy Eyes Renko