Just happened. Short @1.0272 - 10pips SL.

H4 Power

Forgot this one. I told you the text deals with the general case, independently of both the strategies and the market conditions. Your trend and consolidation definitions are therefore irrelevant.

Hedge a losing position?

Your problem. Some day maybe you open your eyes. If you were trading like a mathematician you would simply buy the support THEN sell the resistance and make twice more money. When it comes to probabilities the obvious answer is usually the wrong ...

Hedge a losing position?

I bothered writing a 10 page pdf to prove wrong all the position fiddling in the general case, i.e. independently of both the strategies used and the market conditions.

Hedge a losing position?

USD/DKK long. The problem with this strat is to realize you have not enough ammunitions to chase all the rabbits.

H4 Power

It's not about agreeing or believing it's all about maths. Maths say you're wrong. 1+1=2. Believe it or not. Like it or not. Accept it or not. That won't change it. BTW closing half at 1R to have a "free ride" is also mathematically sub-optimal.

Hedge a losing position?

E/J Weekly - closed with a hanging man finishing a stalled rally pattern. (bearish) - Far above the MAs - Oscillators users may see a bearish divergence on RSI+Stoch. But I don't rely on that. image Daily - Clearly bullish but near the top - ...

H4 Power

Losing in a traditional way or losing in a fancy way is still losing to me... Be honest (with yourself) if you had closed at loss the 60pips and taken the short at the top would you have held on to get the 144pips or would you have closed at +60 ...

Hedge a losing position?

Don't get me wrong. I'm not critizing at all! I'm a strong advocate of "big RR is way better than big win rate". Actually the more I study your system the more I like it (please develop on the TP part). The total loss with the 3 first engulfers in ...

H4 Power

What's the difference with Step 1: Entry Sell 0.10 EURUSD @ 1.3073 ------------------> You are net short 0.10 the price going up 60 pips Step 2: Take the loss @ 1.3133 ------------------------------> You are out of the market with a 60 pips loss the ...

Hedge a losing position?

Sorry, it wasn't clear you were adding to the winning entries. I also understood you wanted the M15 trigger to appear within the very next H4. Below G/U 9th of Apr 02:00 UTC. Only the 5th M15 engulfer worked but it happend after the next H4 closed ...

H4 Power

Just an idea thrown in the air... What about drawing a line at the H4 SL then switch to M15 and enter with a M15 SL until the price closes below the line; which void the signal? The sum of the accumulated little losses should be smaller than the big ...

H4 Power

+1 That's exactly what I meant when I said

Question for experienced trade system creators and theorists

I suspect he means to close the hedger partially until completely closed. So he can vary the net lot sizing in the direction of the current move. madmax85 I wish you post an example. For now my optimal solution to the problem of riding the pullback ...

Hedge a losing position?

Don't limit yourself for bad reasons. You can download histo data from here for instance url

Question for experienced trade system creators and theorists

The more trades in a given period the more likely they will be correlated. But I don't know you system. The entry prices will be very near one of the others. In short you get a group of winners or a group of losers. It becomes more or less ...

Question for experienced trade system creators and theorists

Hello. In your example your system triggers a buy right into an obvious resistance; this after a big up move. Wouldn't it be safer to wait for a pullback?

Best Trading System (Only Momentum)

Hi! I don't consider myself an experienced system creator but I'm writing one. You say you are closed to discuss the R:R of 1. I hope you'll change your mind by yourself... Same for the 3 months test period. You need at least testing your system ...

Question for experienced trade system creators and theorists

Would you consider this 2-bar engulfer as a trigger as it closed below the 2 previous lows? image

H4 Power

Say I'm short from H4. I trail my stop on the H4. I use the 2 previous H4 highest (to allow for a minor pullback/continuation). At the end of the day the trade is still alive. Daily prints a candle that confirms the down move (or that you would ...

H4 Power