I have been playing with C4 as I like seeing actual price over a brick. I basically use all the same C4 rules with a few changes in stops and TP's. However my exits are still a work in progress which if anyone is interested in helping me with some ideas on this please do.
Trading Time:
4-9 am PST, Im usually done by 7-8
Pairs:
EU, GU, AU, UJ, EY, GY (just the ones I use may work on more)
Entries:
Look at the current trend of the 5m TF. Draw your TL and look for clear breaks. If the break of the TL and MA is with in 2 candles look to enter. Now if I wasnt making coffe I would have got in at the red vertical line, But on the next candle I did get in. (My rules are in my head and I learn better with seeing charts than text so this may be unclear)
Stops: Look for your most recent swing low which is shown by the low green horizontal line. Add in the spread plus a couple if you feel the need
TP: look for the swing high shown by the upper green horizontal line.
As for the exit price may not reach your TP so watchign PA is vital to making more than the standard 5. If you go up 10 pips going to BE is usually pretty safe to let these run.
Attached are todays trades both ran well but PA was shaky due to the late entry I took my positive pips which you have to do with this.
Ill post the indys next.
Trading Time:
4-9 am PST, Im usually done by 7-8
Pairs:
EU, GU, AU, UJ, EY, GY (just the ones I use may work on more)
Entries:
Look at the current trend of the 5m TF. Draw your TL and look for clear breaks. If the break of the TL and MA is with in 2 candles look to enter. Now if I wasnt making coffe I would have got in at the red vertical line, But on the next candle I did get in. (My rules are in my head and I learn better with seeing charts than text so this may be unclear)
Stops: Look for your most recent swing low which is shown by the low green horizontal line. Add in the spread plus a couple if you feel the need
TP: look for the swing high shown by the upper green horizontal line.
As for the exit price may not reach your TP so watchign PA is vital to making more than the standard 5. If you go up 10 pips going to BE is usually pretty safe to let these run.
Attached are todays trades both ran well but PA was shaky due to the late entry I took my positive pips which you have to do with this.
Ill post the indys next.