“At the same time” means you will enter if you get an entry signal from either method. IMHO, that’s not what a cheetah would do.
Did anyone catch this H1 2 bar break out trade?
No “trend” was harmed in the taking of profit.
The 2 bar high breakout is entered when the current price is equal to the highest high of the previous 2 bars. The stop loss is a function of the trade risk and the position size. Profit is taken if and when available. If the price moves to entry +5 or more in less than a minute, the stop is moved to entry +2 or entry +3 to become a break even stop. If the price takes longer than a minute to move to entry + 5, any profit available is taken.
Is this explanation sufficient to conform to any unwritten forum rules regarding chart posting?
The H1 2-bar trade continues to be profitable.
When price fails to make a new M5 high may be considered time to exit part or all of the position.
The D1 2 bar high is on the horizon.
All done. Cheetah fed. No hurry to chase another gazelle.
Another attempt being made to reach the D1 2-bar high.
More breakouts.
The Cheetah can reverse direction.
LOOK MA, NO TRENDLINES!!
A quick kill before the lion got there.
A nice feast for the cheetah.
Noticing the different lines in the form of the five minute, hourly, and daily highs and lows, would it affect your trade strategy if a 5 minute break turned into a one hour break?
Looks like it would be a possibility occasionally.
I wish I could hang out for this trade to trigger but even cheetahs must rest sometimes.
If you mean if I enter a M5 break and then it also breaks H1 would that alter how I handle the trade, the answer is no it wouldn’t. Once a trade is on, it is all about the “kill”.
This is another set up worth waiting for.
And another.
The cheetah is stalking.
Do you see where the last blue candle tail went below the black dot? That was the entry. There was about a 7 pip drawdown before the profit came.
Is this commentary sufficient?