I believe this is a very good start. I like the 1:1 TP, SL also. • After some checking I've determined that using about 90% of ATR for Profit & Loss levels, may provide a slightly better win/loss rate. Some of the entry bars are 1.5 times ATR, or ...

4H Daily Chart Noob Friendly Trading System - No Fancy

+++++++++++++++++++++++ 15 - 0 - 15 - 0 for now

Daily Charts and Stuff

++++++++++++++++++++++++ I 100% agree, this is YOUR opinion. Cheers

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+++++++++++++++++++++++++++++++++++ Answer in post 44 above.

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+++++++++++++++++++++++++++++++ ADR/ATR (used interchangeably depending on which TF you're trading on) is used to calculate profit targets & stop loss. The general rule is (for some of us) 1 ADR/ATR is 1st Profit target. 2nd PT is a runner. Stop ...

Daily Charts and Stuff

++++++++++++++++++++++++++ Hi Dave. To be fair, when the market is generally ranging on many pairs (D1) It's tough to make anything work. In fact my research on this general trading style comes from VP video , who is probably not trading D1 at ...

Daily Charts and Stuff

++++++++++++++++++++++++++ Hey Dave. The baseline I'm using in pics, is Kijun-sen. Guess I never mentioned that. Also I like 26 ema or sma. If you want to use a baseline, choose which looks best to you.

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++++++++++++++++++++++++++ Thanks for sharing TR

No nonsense Forex - VP

++++++++++++++++++++++++++++ Good stuff Chris. Have also been thinking about adding an additional TP. Seems like many trades do go 2X's ATR with no problem. ? Are all three of your positions the same size?

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AudChf Hit First Target. Just over 5 hours. * Update: 2nd position Hit BE Stop

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Daily open trades. • CadJpy & NzdJpy are trades from D1 • AudChf & EurNzd are trades from H4

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Here is Result for GbpJpy trade, and how many pips I would have saved. • Arrow shows where H4 signals exit. • Vertical line on Sub Graph 2 (i Trend_Ronsite) shows 4th indicator confirmation. • Orange Line (Exit Level) shows where my actual exit was.

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Have been looking at a few of last weeks trades, and applying idea of using H4 signal as exit. Here is Result for EurJpy trade, and how many pips I would have saved. • Arrow shows where H4 signals exit. • Vertical line on Sub Graph 2 (i ...

Daily Charts and Stuff

Here's a pic of what I'm currently using. And opened a thread for input. url

No nonsense Forex - VP

Currently, I only trade majors, excluding CadChf, EurChf, & NzdChf. Generally due to lack of volatility. Should anyone choose to monitor H4, feel free to post here. Meanwhile, stay safe, and GREAT trading.

Daily Charts and Stuff

CadJpy

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What I'm watching for week beginning May 11 (May 10th in US) NzdJpy

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UCad looked promising when I took it long. It disappointed from entry. I closed it prior to NFP with about a 60 pip loss.

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I broke the rules (Only 3 of 5 indies in agreement) and shorted NU, based on USD strength. I watched it all week, and finally bailed with about a 25pip loss. I was a bad boy!

Daily Charts and Stuff