"the long red candle is your m30 signal...." wen i looked at the chart, that candle met all the entry criteria, so i set a pending, then it continued south, then rule 6 happenned. so because the candle hadn't closed, things changed in real time, so ...

The MotherFibber

off topic for one sec. — Keepin it Motherfibbin real!

The MotherFibber

when i see a FF member like billbss say that I'm not making sense, i start sweating bullets. lol, i mean I've been quietly reading his posts here for years.

The MotherFibber

yes — i didn't check closely, but at a glance it looks like you are correct.

The MotherFibber

hi there — well if the current m30 bar has not closed, and it would meet my SL criteria, then i wouldn't wait for it to close, i would set a pending order above/below the current open bar. I've seen 2 or 3 trades that i missed already this ...

The MotherFibber

sideways...waiting.... — this is sideways movement, i'm expecting a false breakout south, this may give us our needed trend extreme bar, the trend ext. bar we have now doesn't allow for <30 pip SL. for now waiting.....

The MotherFibber

rule 6 — we now delete pending order and wait to set next order....rule 6

The MotherFibber

yes based high/low of candle ,but doesnt' have to be closed. We should move in realtime with the live market.

The MotherFibber

here... — here we go friends....

The MotherFibber

divergence? — in my experience trading divergence works really well. I'm curious as to why, anyone know the theory behind whats happening in the market while trading off of divergence? I like your system.

EASY H1 trading using divergence and candle sticks

Eat your pips — Everything works, and Nothing works.

No SL No Leverage Strategy - working so far

actually a good friend of mine taught me this system. He told me not to show anyone . Its based off of the likelyhood of some traders taking profit after a nice move. while waiting for the next trade, I was thinking.... lets stick to original ...

The MotherFibber

H4 and M30 yes, i even go for it late friday afternoon session

The MotherFibber

i dont understand your question, i think the answer is yes.

The MotherFibber

yep — the move of 81 pips isnt related to a close of a 4 hour candle. simply, i look for the most recent move, i like H4 to spot it. then I move to M30, does it look like it bouncing and retracing, or is it moving sideway?, then set pending ...

The MotherFibber

ahhhh divergence — ahhhh divergence

The MotherFibber

30 pips is max SL — hi there, yes 30 pips is max stop loss, we dont take those, as u said, due to risk to reward ratio. nice positive postings

The MotherFibber

good input — hi there, I appreciate your input. I never saw this method as black an white. There is no need to wait for the H4 candle to close, as soon as we see an >81 pip move on the H4 chart, then immediately switch to M30. If you ...

The MotherFibber

hi ron — hi ron, the way i think about it is that on a 5-digit broker, the last digit is a 1/10 of a pip.

The MotherFibber

i know... — i know a pro investor, he enters $1 per pip for every 10$k in his account. he holds his position until profit, but you hav to be willing to be stuck in a trade for years. the other way is to only enter 0.10$ initially and then ...

No SL No Leverage Strategy - working so far