GBP/JPY M5 Long and Short Trades
EDIT: I am now using W1/D1 TF to Trade because of time restraints. See this Post #614
EDIT: I am now using W1/D1 TF to Trade because of time restraints. See this Post #614
Renko line in the sand 294 replies
Line in the Sand 106 replies
Line in the Sand Part 2 4 replies
DislikedGreat pic steve....perhaps you could also add text under neath to explain in detail and post template and indies for all to replicate and learn as we go.along?Ignored
Disliked{quote} Here are the Indicators and Template The remaining Indicators and Template will follow in the next post {file} {file} {file} {file} {file} {file} {file} {file} {file} {file}Ignored
DislikedHi, I'm curious because I thought you have developed a method based on market structure and now you have opened a thread about indicator trading. How come?Ignored
Disliked{quote} Hi MCFly; I'm still Trading Market Structure but I'm using the HalfTrend instead of the 288, 48 and 12 Simple MAs to set my Trade Bias. I'm always looking for ways of simplifying what I am seeing. I want to be able to look ONLY at the M5 Chart and be able to see my Trade Bias my Setup for Entry and Target Levels. I want to be able to set tight Stop Losses and have TP Targets of 1.5R to 2R maximum. My reasoning for limiting my TP is because it is rare for the Market to move further than this before Correcting. It is also down to my own phycology...Ignored
DislikedGBP/JPY M15/M5 Long Trade The Colour (Blue = Long / Red = Short) of the M15 HalfTrend sets my Trade Bias I then look for Pullbacks on M5 for my entries. I have a 15 pip SL and a 30 pip 2R TP . Keeping it SIMPLE WORKS {image}Ignored
DislikedHalfTrend in original form causes me MT4 freezing, so I added line which limits counted bars to set bars in input parameters (like 200 or any bars). When you need only specific number bars to be counted, freezing is away {file} {file}Ignored
DislikedGBP/JPY M15/M5 Long Trade In an ideal world I would be taking every Trade as it happens this would ensure my Trading Edge is maintained, of course that is assuming I have one. {image} {image}Ignored