You seem to be having the most success here!! Care to slip in a few lines where I can discover more of your usual method of multiple TF trend following mate? Heh
Graviton,
As you seem to have the approach worked out, can you please post a couple of your successful DEMO trades so we can compare those to what the rest of us have posted.
Thanks.
hachi
My usual method is not very mechanical, it’s mostly gut feel and price watching. I look for a strong trend in higher TFs from monthly down to 15M charts and then look for a good entry in lower TFs, then move back to higher TFs to follow that trend. I’ll usually trade 2 to 5 pairs at any time, which ever pairs that seem to be trending the best. Money management is no more than 1% of trading capital risked on any one trade. Today I added Tymens method to help identify direction I want to trade on higher TF’s, moved to 5 min TF and used BB DNA for entry, then moved back up the TF’s as the trade developed following Tymen’s rules for exit in the end. Like I said, mostly gut feel but with better entries now and better able to ride profits. Not sure if this helps newer traders, but those with lots of market scars should see what I’m doing.
By all means take the BB walk trade in the GREEN area.
This trade starts with a CBL in a level/squeeze area beforehand.
(see entry rules for level/squeeze areas #2374 page 238).
Going back and checking. Yes, the 5M mid BB was against me on entry as Tymen guessed, but the higher time frame 15M, 30M & 1H mid BB’s that I was actually trading were trending well in the direction of the trade (down). I didn’t even check the 5M trend since it jumps all over. I don’t trade the 5M, I just slipped down to the 5M to get the best entry for a trade I had already decided to do. I had to wait about one and a half hours for the down BB DNA entry, but it was well worth the wait. I know, lots of words, no charts. I’ll work on that.
By all means take the BB walk trade in the GREEN area.
This trade starts with a CBL in a level/squeeze area beforehand.
(see entry rules for level/squeeze areas #2374 page 238).
Trading with the mid BB in the direction of your trade appears to be the decider.
… I just slipped down to the 5M to get the best entry for a trade I had already decided to do.
If you do this, you are not entering on the extreme candle of your high trading timeframe thus violating the entry rules!! :eek:
How did you solve that, if at all?
The risk of entering on a 5 min chart when you are trading a higher timeframe is that you may get an entry that you do not want!!
Further, there is the BB contraction to pay attention to.
I will have to see if there is indeed a better entry potential on a lower timeframe but there is the attendant risk of [U]getting into a trade prematurely [/U]and then being stopped out!! :eek:
Tymen hello, I’m sorry to post all goes, but I must reach 50 before they can post personal message communicate with you, so I’ll be posting like crazy (I am …) to go forward.
[B] Par tous les moyens de prendre les échanges à pied BB dans la zone verte. [/ B]
Ce commerce commence par un CBL dans un niveau de la zone squeeze / avance.
(Voir les règles d’entrée pour le niveau de zones squeeze / # 2374 page 238).
[U] ne [/ U] prendre les échanges dans la zone bleue.
salut Didilut, apparement tu as un problème avec tes balises de traduction.
Ouvres un autre onglet pour la traduction, mais reponds dans l’onglet avec la version originale
Sounds like Graviton and I have been looking at charts in the same way…just wish that I had his skill, expertise, and experience. These are mostly from the charts that I posted yesterday as I saw the EURUSD developing. It was obvious from the Daily, 4 hr, 1 hr that the main trend was down…and I wanted to catch the trade in that direction. So I will repost those from yesterday. The white screen posts are after the move today. I’m sure this is what Graviton was talking about in his trade. So, until he is able to post his charts with his entry, exit, and analysis…maybe you other members could take a look and express your opinions.