Thanks for the info bro, will check it out.ODJ wrote: Fri Nov 22, 2024 6:05 am I read the "Hooligan" post with great interest.
You need to keep an eye on the Hooligan.
You need to always observe when it changes
(It changes six times a day)
You need to observe the direction of the M30 open and aim to trade in the direction of the Hooligan!
Hope this helps!
Ive been trying to solve an issue lately being quiet for quite a short while, since we or some of you caught or hit by false 2nd dot setup, heres my remedy to minimize it
*add fractals to you M1-M15 its up to you which tf you feel comfortable.
*adjust ema parameters to 21/9
*wait for the 2nd dot to appear, wait for the ema cross.
*when theres a clear ema separation, wait for the fractal to appear at pullback, all fractals can be a possible entry and re-entry
-this time we do not enter at 2nd dot, but at the succeeding fractals. 2nd dot will be our guide preparation for trade entry.
*for tp just aim for hard TP of 15-20 pips SL is i5-20 pips as well or at the top of the latest fractal. (ODJ's input)
*for trade management, i take profit at a half when price runs in my favor, trailing the other half just atop of every fractal.