Nice bro, I just reduced my exposure cause I am long on Indices until it reaches former levels, I stopped using a physical stop loss as I am confident I can handle the drawdown if smaller positions are opened as I go deeper into drawdown until it reverses, its a different less stressful way to trade on the 4H and I don't need to look at my screen constantly, just buy the dips. I think my results speak for themselves, it would be good if you posted your MT4 historyxard777 wrote: ↑Thu Jun 04, 2020 11:44 pmHi Sappyjay,
This is my 2nd trade today, I did +60 Pip$ earlier and I know it says 217 but I closed out at +232 Pip$ for a total of +292 Pip$ so far today.
I tend to only use 30 min & 15 min but will look at 4hr TF from time to time just to get my bearings.
The best trades are at the cross of the Trend line if you are in a SELL on a Pink Candle then instead of a stop loss just bail if a Blue Candle appears. If you're in a BUY on a Blue Candle again bail if a Pink Candle appears. For the opposite colour candle to appear price has got to cross back over the Trend line which means that you should no longer be in that trade and you should without hesitation cut your losses instantly and WAIT sit back and reassess the situation (check higher TFs, previous highs and lows, how far has Mmath run, 2/8ths, 3/8ths, 5/8th, are we at overbought +1/8th +2/8ths or oversold -1/8th -2/8ths).
A 2nd red dot is great to a 1st Blue dot and a 2nd Blue dot is good to another blue dot or Arrow.
Until price has crossed the Trend line then consider the current trend to be still in play.
Again, this is why we WAIT for the cross. Keep it simple.
May the Pip$ be with you always....