Not rude of you at all.
When you need to study, then that is the call.
I trust that you will passs all of your exams - that is what is important.
Your posts have been welcome here!!
… I was informed of an alleged practice called stop loss hunting. If such a practice has any grain of truth (which perhaps is why an EA providing such features was coded), would it affect our CBL/Naked Trading Method?
Stop hunting is a real practice and it will affect any trading method.
However, we may have a slightly better edge against this practice with the CBL.
Further, we have the relative safety of the price action walk of the Bollinger Bands.
You are the first people I think of as contributing because of your special skills.
However, others are welcome to give input too.
The part I want to play in this matter is to use my teaching skills to develop the contents list and set the correct order of presentation, especially with regard to the explanations required.
You do not need a higher timeframe to use it but if you think that you can improve the odds with the use of a higher timeframe, then there is nothing to stop you from using it.
I don’t know the first thing about backtesting but I have my doubts about any improvements using another timeframe.
And also one small thing, you mentioned earlier you would wait for the opp BB to contract before entering? But i think you mentioned few post back that it is not required?
If you are going with the NO TRADE AREAS, you do not need to read the point of opposite BB contraction.
But the [U]orthodox method[/U] does not recognise such areas so…yes, in that case we need to read these.
But if you can [U]definitely see[/U] that the price action is not going to go in your favour, then it would be useful to close the trade at half of the stoploss.
I would have thought that since the second candle body is much larger than the extreme candle body, then the entry could have been made earlier, at the height of the extreme candle itself.
Tymen thank you take me back (it’s a pun in French …) I do not have to justify myself, but when the actual level CBL was reached I was not looking at the screen, but I am happy with your comment, which incidentally is confirmed by xxtrizzlexx (oups. …), who has learned their lesson and reacted like lightning quick silver!
I’m certainly not the master of lots added in a pyramid, but if I have time to try it, so why not, and it will perhaps take some ratios between the different methods based on DNA Tymen mixed Graviton pyramiding, and Final Tymen Dodge v83.
I try a bit of everything to see and show, eagerly awaiting the reactions of all, and yours in particular.
I do not lose sight of the thread is devoted to trade naked, and I try to emphasize that in the graph that I send.
Regards Didier:)
My broker is "Actives Trades in England.
But what I wanted to show with this trade is that the best to run a business is, in my opinion, the EA you have developed.
I have not yet tested with 2 lots, but I’ll do it, and I say if it works.
Regards, Didier:)
Thank you for your detailed explanation with the charts tymen! It just kinda reinforce all that you have taught and understand it all to the tiniest of tiny details. Thank you
The 1st trade is self explanatory using the simple exit method at TP2.
The 2nd trade at B cuts the yellow extreme candle in half.
TP1 and TP2 follow.
The 3rd trade is more complex.
The first extreme candle C is used alone because the 2nd candle is the long red candle.
It gives a nice entry (pink) but cannot be used because the opposite BB has not yet contracted for this bubble.
We then see a second (yellow) extreme candle and use that because we must always use the most recent one.
It is not until candle E that we can enter according to the opposite BB contraction.
