- Search Metals Mine
- lbtrader replied Aug 31, 2022
Hi NorthmanFX I'm a little confused here, which candle was your entry? image
The Small Turtle System (Donchian Trend +MACD)
- lbtrader replied Aug 31, 2022
Hi Ali, by break the low you mean wait for candle close?
The Small Turtle System (Donchian Trend +MACD)
- lbtrader replied Aug 22, 2022
Good idea, I will try to join whenever I can
Trendline Scalping System
- lbtrader replied Aug 22, 2022
I agree, I have not found the MFI useful myself and that's why I combined the RSI and MFI in one window. I find M5 TF to be more accurate for entry as it can show you a retrace for a better price, and since you already set your SL and profit then ...
Trendline Scalping System
- lbtrader replied Aug 20, 2022
problem solved? you also need to change the RSI to 7 not 8. Whoever changed those settings must have done some testing and found the right settings.
Trendline Scalping System
- lbtrader replied Aug 20, 2022
I think so, yes, I just kept is because I did not do any testing without it and did not want to change the original recommendations from the creator. PS: I just checked the settings of my MFI and found that the default is 15 not 14, try it and see ...
Trendline Scalping System
- lbtrader replied Aug 20, 2022
I am using the RSI and MFI bar, overlaid on top of each othe in one window. If you do that you will find that the RSI overpowers the MFI bar which I find useful and less confusing.
Trendline Scalping System
- lbtrader replied Aug 19, 2022
Plenty opportunities around LO and NYO image
Trendline Scalping System
- lbtrader replied Aug 19, 2022
Not sure what you mean by FAT, but yes if the trend remains valid then I will stay in. I've yet to find a good exit indicator that will not take me out prematurely. Most of the time if the RSI indicates exit and the trend still valid then re-entry ...
Trendline Scalping System
- lbtrader replied Aug 18, 2022
How is it different if I'm taking my trades in the same direction of the daily candle, do you think that D1 starts red and stays red all the time? or vice versa? sometimes like the example I showed it starts red and the trades were short, then it ...
Trendline Scalping System
- lbtrader replied Aug 18, 2022
The D1 candle is a dynamic price action in progress, unless you’re talking about the previous day candle which is already set and closed. Take a look at the D candle below, at the open and until the NY open it was red, then after NY open it ...
Trendline Scalping System
- lbtrader replied Aug 18, 2022
I took two trades on that same setup, but my entry was on H1. image image
The Small Turtle System (Donchian Trend +MACD)
- lbtrader replied Aug 15, 2022
yes, check direction of D1, wait for setups on H4 in the same direction, zoom down to H1 and check the RSI changing color, (I'm using the histogram but you can use the original above /below 50) if price already ahead of you don't run after it, zoom ...
Trendline Scalping System
- lbtrader replied Aug 15, 2022
No, I'm still using M5 but this chart illustrates what I said earlier.
Trendline Scalping System
- lbtrader replied Aug 15, 2022
image I took the trade on H1 image
The Small Turtle System (Donchian Trend +MACD)
- lbtrader replied Aug 15, 2022
SR are useful for entry points of price rejection on resistance or bounce off support and also for target projection. I use PVSRA or SonicR Access panel which provide all what I need, you can choose which type of SR you want to display. image
Trendline Scalping System