1:1 doesn't work in trading. You need at least 1:1.5 and preferably 1:2 or more. Read post 112 on page 6 if you want use "risk to reward". It's a really good method.

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NOTHING is easy in a sideways market...except for losing.

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6 Continuation Trades How much easier can trading get than this ??? image

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There's not much I can say about it other than you entered correctly and you should not be using profit targets (unless you are going to trade 3 units (or more) and exit at predetermined spots along the way like I explained in detail in post 112 on ...

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For those of you who are struggling with trading profitably, I would suggest that you ONLY trade Continuation Trades for a while. Once you get good at them, THEN you can start trading Crossover trades also (if you want to). The chart below shows 3 ...

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You're welcome and best of luck to you!

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Someone in a private message asked me to take a look at another type of HA candle that we may could incorporate into the template. Since I can't post the image in a private message, I told them that I would post it here. image

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Posting charts would not prove that a market moves fast because it's a still picture. Learning what pairs really move comes from watching the Forex pairs for a long time. It's like if you are standing on the side of the road and a car passes you. ...

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Good. What do the blue boxes represent?

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I just shorted the GBPAUD on the 4 hr. chart. It's a Continuation Trade Even though I got the signal over 30 minutes ago, I dropped down to the 5 minute chart to fine tune my entry. I waited for a "clean break" below the lower trend line, meaning a ...

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Excellent!

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You have to back test some pairs and decide that on your own. I take both.

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Well Done! Thanks for sharing that. It would be helpful to others if you also share some more info on those trades, like: What time frame charts, exits, stops, trailing stops, etc.

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I'll trade any pair that moves well. I don't care what the pair is. But my favorite pairs are the AJ, EJ, & GJ.

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YES

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"Are there any preparations you usually do when trading the 4 hour or Daily, like any specific routine to set up your charts or specific analyses, procedure you do before looking out for possible trade entries?" I have several Profiles set up on MT4 ...

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While that's a good idea, it's not that simple. Because you are not being alerted to Continuation Trades which USUALLY have more SUCCESSFUL trades on a chart than Crossover Trades (if the market is trending). In MY opinion, Continuation Trades are ...

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I wrote this on Post # 1... What you must understand is that what's presented, as it's presented, is NOT a trading system. A system has concrete rules with no variables. Methods don't. What I am presenting are trading methods, tips, and suggestions. ...

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Trading longer time frames usually yield better profits, so if a 4 hr. trading is trending well and the Daily chart later says to enter, why not just keep the 4 Hr. trade and turn it into a Daily trade? That's what I do any time I can.

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When they are blue/blue it means UP. When they are red/red it means DOWN. When they are blue/red they are in transition. Only initiate trades when they are blue/blue or red/red.

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