My testing showed that 2 bars back was optimal.

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My testing years ago proved to me that going in all at once from the beginning (if you are using a successful strategy) gives better returns than adding more along the way.

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It's always smartest to add to a winner and to never add to a loser. How you do it is something that you have to study and figure out what fits your own personal risk tolerance. I really like both strategies, entering all at once, or adding to ...

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The image below is for TheSpoof because he uses something similar and I told him that I would show him my version. You always start with 3 units. If successful on all 3 units, you make 6:1 R/R. OR what I like even better is, you can just let the 3 ...

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I have tried to help you and to be patient with you and that's about to stop. Why do you always try to start something when most of what you say isn't even true? 1. I'm sorry but that's really an irresponsible and insulting question to ask given the ...

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The reason that I don't use traditional support and resistance lines/areas (except in rare instances) is because sometimes they work and sometimes they don't. Which means that they are not reliable enough for me to use to make trading decisions off ...

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That's so true. It's always truly amazed me.

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1. On the 4 hr. charts and the Daily charts, did you first confirm EVERY TIME that the next higher time frame chart was moving in the same direction as the chart you used to enter on?? 2. Did you ONLY enter trades when ALL 7 indicators "agreed"? 3. ...

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All of the lower indicators were below the Purple 50 Line on the 4 hr. chart when I placed the trade.

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vae victis, chrisoko, & PhillipmC You are all welcome and I appreciate you each taking the time to say thanks . It gives me great pleasure to know that I have helped some struggling traders to start getting profitable. That was my intent from the ...

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To be completely transparent, I was talking on the phone, and was distracted and I inadvertently moved my stop to the wrong number. I got stopped out and when I saw the error, I immediately re-entered a tiny bit of pips lower, but with a slightly ...

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I did NOT enter when the lower indicators were above the Purple 50 Line on the 4 hr. chart. Read post # 1279 where I said: I just shorted the EURCAD on the 4 Hr. chart. Then read post # 1293 where I said: I am ONLY showing a 5 min chart so people ...

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Yes, absolutely.

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No, I think I have posted some multiple trades before. Sometimes I trade a little on a lot of different pairs, and sometimes I trade a lot on just one pair. It's just depends on what I see. When I get all of the "stars to align" so to speak, I load ...

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It doesn't matter what time frame you trade, the rules are always the same. What people have to consider is: how do you want to get there? By horse and buggy, by car, by train, or by jet plane? I prefer the jet plane, which in my opinion are the 4 ...

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Given the choice I would trade 15 min charts and not 5 min. As far as tips go, I don't like trading those lower time frames because they tend to whip around back and forth too much so I can't help you with that.

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It doesn't matter. It's still technically in a downtrend on the Daily chart AND so is the weekly AND so is the monthly. It's likely just a retracement on the daily chart and may eventually turn into a continuation trade. And if I lose, it's no big ...

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That's really good to hear. Great job!

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I just shorted the EURCAD on the 4 Hr. chart. Right now my risk is about 35 pips. image

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It appears from what I can see that you entered correctly.

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