Forget B, tried it to death, it does not work reasons.......... If you get 1 position in and market runs you make 1/5th the profit. If market moves against you, say 30pips it'll pick up all your positions and cost you, WAYYYYY more than the 1/5th made you. Also, it's too easy to get emotional, do a 6th, 7th, move SL, 8th, 9th, OMG where is my account, been there done that. I do 2nd position, but only if it looks REALLY nice and the 2nd positions got a REALLY tight SL, but to be honest I likely shouldn't. Got to stop doing 2nd positions really, stick to SL exit plan, don't get creative. Can't auto set SL closer than 10 without issues on DAX, can't manually set it closer than 6, so makes tight SL's tricky to do, spend too much time going, move SL to here, it'll moved the wrong way, rejected arggghhh too stressful.
heiken Ashi, look at my charts the weird colour doesn't change, it's like a immediate almost directional indicator, rather than getting all confused with random candles generated by the noise of the markets, smooths it all and calms it down nice. Should be in your chart option, MT4 it's a indicator you can add then turn all the normal candles to black so there disappear. Shouldn't of downloaded, American Sniper TOP film, my early night turned into 3am LOL
didn't like the movie? I haven't seen it. How's the new year started out? I could never really get the HA stuff to work consistently. What does it do for you? On position sizing: What I do is only add to a position if I went in initially with let's say . .half position then ok another half.. . Or.. 1/3 position then ok to add twice more just totally depends on scenario and perceived risk profile but don't find myself going further out than that lol. Also, always always always have a hard max position size
hmmm okay. Looking at it now. Thank you. Lets keep the discussion going. Will ask around regarding pullbacks and search too. No sense in reinventing the wheel here... The heavy lifting is done man. Congratulations. We both deserve one.
Awesome TOP film, wasnt supposed to watch it till 3am, early night lol HA gives me a less emotional less noisy current direction, its not perfect but its better than how i would react normally. I find my losses wipe out to many profits, maybe you hold for more profit and $62.50 per pt gets kinda scarey lol
Setup my charts you will see how to spot a possible pullback to reverse to a stay out this is a direction change. If there is enough momentum to push price below the envelope then expect down move, which is why your SL is there. Send over more examples later.
Cool. I will checkout the movie later today. Interesting about the way you use HA. I use 24ma to show me the smoothed short-term trend picture. And as you said. .nothing is perfect but we do get used to learning how to use certain tools. yea I do hang on to trades longer. But I do admire how you trade the 1m. I tried that years ago and it crushed me. I like the 1 hour but sometimes dive into the 5 min.. always considering the 4hr and daily of course (the forest). I like being able to put on a trade, alerted if x happens, do this or that .. decide what to do next. big news days are lil different depending on various things. Most important is to do what works is my take.. Good job. have a great day! nth
I want those strong intraday moves, you can't see even till after on M5, jump in mid way through where it's 95% sure you'll profit. I like to trade live, in and out, then off to do something more or less boring instead without worrying about the markets.