before candle 6, candle 5 would have been the trend extreme bar. so would you not have entered pending order at the high of candle 5 ? also why you say fibo 38.2 and why not 23.6 ? by the time you took the trade after candle 6, the move would have ...

The MotherFibber

i dont get it. a chart example would help. thanks

The MotherFibber

wait for candle x ? dont understand this. where did this new rule come from ? if candle z is too large then you forget the trade and wait for the next 81 pips move. that is my understanding.

The MotherFibber

never overcame the high of that 30m bar so no trade....

The MotherFibber

as i said, after the long candle 81 pip move. the next 81 pip would have taken you to level 13160. why didnt yiou take that one ?

The MotherFibber

i understand what you are saying. but the long h4 bar 81 pips exhausted at around level 13258. so are you not supposed to count the next 81 pips move from that level ? i.e. from 13258 to 13177. ? in which case there would be no trade triggered. so ...

The MotherFibber

well, readjusting was not explained in the original rules. please tell us how you redjust with chart examples.

The MotherFibber

where do you count the shortest move from ? as i can see on 4 hr , it was one contnuous move of over 140 pips or more...,

The MotherFibber

kind of risky this way. i have had more success by waiting for the m30 candle to close before setting pending orders. because this way once m30 extreme candle has closed, if the price then breaks the high or low of it, it is highly likely to ...

The MotherFibber

why is the criteria met here ? that move from long red candle to where you entered is over 140 pips move, way over the 81 pips suggested move. is that then not a risky trade to take ? also, what made you enter at that particular point instead of say ...

The MotherFibber

so, do you not need to wait for m30 candle to close, so that you may set the correct sl, based on high/low of that candle ? if not how do you decide if it is 25 pips sl, 30 pips , 20 pips etc..?

The MotherFibber

that is why i made the point about candle closing first before you set your pending order.. in this particular example, as the big red m30 candle was developing , you had already placed your pending buy at the high of it + 2 pips. imagine then if it ...

The MotherFibber

you got me curious again. so lets have the cot s.....r. pm me if you wish....

The MotherFibber

i guess the long red candle is your m30 signal (extreme) candle right ? but that is well over 30 pips, so does not qualify. so why did you set pending orders above and below it ? in such a case, what are you looking for next and how many m30 candles ...

The MotherFibber

if you dont wait for the m30 candle to close, then you wouldnt know where to enter. remember your entry is based on the high low of the m30, you wont know the high/low until the candle closes ?? you are saying that the m30 candle must be 15 pips or ...

The MotherFibber

nacho what if you open say a long, then market falls. and keeps on falling for the next few months ? never returns to your original position..... scary thought, eh ? complete wipe out !

No SL No Leverage Strategy - working so far

well, in my experience hedging does not work. it certainly has never worked for me in any case... various problems arise. such as what to do in a ranging market when simultaneous buy / sell signals are happening. you will be locking / unlocking your ...

No SL No Leverage Strategy - working so far

pangufx just curious, how did you come up with the idea of this system ? also, your sl and tp rules still appear vague to me. when would you have a tp of 10 pips as opposed to a tp of15 pips and why ? current 4hr eu showed an up move of over 81 ...

The MotherFibber

that is precisely what i mentioned about in my post #32 above. the stop loss was way too large. around 45 pips. so, to make just 15 pips you are risking 45 pips. very bad r:r. i will not even look at trade like this. so never took that particular ...

The MotherFibber

present m30 eu signals a setup to buy when current 30m candle closes. buy at the high of that candle + 2 pips...

The MotherFibber