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Over extended on the daily with all the MA below price will allow it to move down. Positive. At the bottom of the 4H range with mixed DM negative. Mixed confidence in my opinion
you get to a conclusion from your analysis?
yes send me an email on [email protected] and we can figure out how to communicate
THANKS
Net DM missing from the 4H chart?
Hi, ye I will post results from the next 50 trades when they are done. I’m really trying to figure out a strategy that I can use around work. its meaning less trades but focusing on 4H reversals trades with collapsed squeezes. if I get a strategy to work around work ill make sure I post it.
Nothing complicated. I just only risk 1% per trade and try have my risk reward at 1:1 minim. Can you suggest any better options?
Because I work a lot and can’t be at a computer in work. Iv been focusing on 4H range reversals.
For my stops and TP.
I do my stops two ways.
All set in the book1: I use a mk stops on the chart if possible if it is available
2: I just use 1:1 of my targetMy take profits.
I just close 50% at the 4h blue band like and hold the other 50% and close if I see DM switch or weakness
Probably not. I would say with enough capital and some advanced spoofing techniques you could creat a simple enough system to move price. Maybe some machine learning but I don’t think it would be some AI system.
I would say its probably brute force then some element like an AI.
I guess you could say retail traders are so small they don’t bother worrying about them. It wouldnt even be enough out of their profits to notice.
Price is very over extended. Entering a long would be seen as entering expensive. When price has moved away from DM positions this much they are probably already priced in
I tried this but it only last a couple weeks and then people stop posting. Might be worth another try.
February 20, 2023 at 9:39 pm in reply to: You can post free MT4 indicators here which could be of value. #58264Can anyone recommend a 4H range indi for tradingview cant seem to find one
will you just close the trade if you see a small DM switch or does it have to be a significant switch before treating the trade as invalid?
Trade 3:
Trade: Short GBPUSD
Trade type: 4H range rotation + stop run Date:16.01.2023
Trade idea: Move down to take lower MT stops and complete range rotation
Y-axis PB: Not clear (neutral) 60%
X-axis PB: New longs entering the market( positive) 100%
Net DM: No squeezes short decreasing longs just spriking up (neutral-positive) 75%
Net T-in-prof: Longs in profit for a long time(positive)100%
Lev Positions: New leveraged longs(positive) 100%
1D chart: All MA below price(positive)100%
Where in range: Very top of range and just tool local high(positive)100%
Trade Score: 6.35/7 90% (high confidence trade)Entry: 1.21894
SL: 1.23222(in middle of LT stops)
TP1:1.21000(at the lower MT stops)
TP2:1.20200(at the low of the range) TP3: (To be determind or triggered by DM switch)Trade Closed: 1.2322
Outcome: New longs came in and squeeze continued -
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