The TDI, (yellow) has hit a previous level which has caused a retrace to the lower TMA,(again) so hopefull of a retake, profit getting better as I type,here's hoping for the fall.
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DislikedHi and welcome back Pinkas Its been a good trading day EJ and GC gave good entries , going to let these profits run I closed all Nu positions today with 240 pips profit each trade = 750 pips GU I am still keeping open for now Good luck guys Let me know which pairs you are testing this onIgnored
DislikedHi Bendertrader, Nice thread! What are you doing if the retrace after you enter a trade is not big enough and the trend continues with some big move say 200 pips or more before the next retrace this could cause big DD how do you handle this? If I look at eur/aud for example in december last year when trend was big up?Ignored
Disliked{quote} Hi Jasper You have an excellent point, this is the only problem with this system, is sometimes you can be drawndown.....what I suggest is apply a filter like MACD to enter only once left the cloud ( see below) either way still returned excellent yields {image}Ignored
DislikedSorry BT, will not hijack your thread anymore, would certainley give the thumbs up to your system, the multiple entries and possible drawdows could be a problem, that said, the GBP/USD has thrown up some good trades in the past (4hr for example) but the ones of recent are in the red only by around 70 pips, would be a good confirmation though to see the rebound, all in all has given me a better perpective, hope to see more input and the thread kept alive, you've heard enough from me, let someone else have a turn keep it simple, thanks.Ignored
Disliked{quote} how can you be profit on those dots the candles are all bears?Ignored
DislikedHi Bender, Thanks for the filter idea. One question, are you keep adding trades outside the tma band with a yellow dot and are these new trades you take with the same lotsize as the first? 150 pips tp is large, what if the retrace is smaller then that do you set it at break even after it has gained some pips?Ignored