Live Trades

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Old Jan 18, 2017, 6:49pm   #1001
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Old Jan 18, 2017, 6:51pm   #1002
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Old Jan 18, 2017, 7:05pm   #1003
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Old Jan 18, 2017, 7:08pm   #1004
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won't trade now - in less than 2 hours Yellen speaks
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Old Jan 18, 2017, 7:48pm   #1005
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metrader started this thread that trade was not the best choice - must remember for the next time to choose only good set ups with all the conditions met (no exception)

PS It's good to have a list of all the conditions required to enter a trade apart from a standard set of mm rules
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Old May 13, 2017, 5:14pm   #1006
Joined May 2017
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Originally Posted by Will Duxon View Post
I'm planning to record my live trades beginning this week, so I'm using this post to start figuring out how to use the forum's available tools. I've developed my own trading system and proprietary indicators, which I have named "Proverbs 16:3" to give honor where honor is due.

Attachment 228632

The above screenshot is a Euro-Japan 15-minute chart and the strategy is extremely simple. If an asset is trending north, I enter a long position when price begins to rebound after falling below the floor of the medium violet envelope (click on the chart for a larger version) and I exit when it begins to pull back after breaking through the ceiling. If the asset is bearish, I do just the opposite, entering a short position when price begins to fall after climbing above the envelope's ceiling, and exit when it begins to bounce back after falling through the floor.

These envelopes are unlike any others I've seen and enable me to use historical data to analyze the typical price patterns that develop as a consequence of relationships observed between the trend, average price range and current market structure. As a result, I have no inclination to bother with lower panel indicators such as MACD, RSI, ADX, CCI or Stochastic Oscillators.
Sensible strategy. You using Keltner bands?
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Old May 13, 2017, 5:43pm   #1007
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Who ever brought the lord into this will be cursing him by the end
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Old May 13, 2017, 6:10pm   #1008
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Originally Posted by aag100 View Post
Who ever brought the lord into this will be cursing him by the end
Dunno why it's a well known workable strategy I think Linda Rashke uses something similar but generally on a 4H chart with Keltner bands. It's basically just fading extremes but Will has added the additional proviso of only taking counter trend extremes, a very good idea
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