Not a perfect trade as the money management part not being very well.
But it does hit TP1 and 60% of position is closed.
Currently wait for TP2.
thanks a lot for sharing your strategy. Maybe you can explain me some questions.
1. Could you explain me how to set tp1, tp2 and tp3, because i did not understand this.
2. Do you always looking for divergences in TF1 or TF4, before you enter a trade, or is this only for confirmation for a better "entry" chance.
I hope you understand my questions. Thank you a lot.
Basically, place TP according to the SR provided by the indicator.
Somehow, you must need to go to larger TF to look for any posible TL or SR zone by naked eye. Bcoz those zone is more important compared to the SR provided by the indicator.
Target for +ve divergence is the Previous HL.
Target for -ve divergence is the Previous LH.
Refer to attach file.
For the divergence case, it could be both way.
Either I saw a divergence, and I find entry at 15m.
Or I saw an entry in 15m, then I use divergence as supporting detail.
Try to post some example of your trades and I will try to explain further.
Image explained thousand of words.
here's a great indicator that shows the 1,2,3 positions on your chart, so you don't even have to figure them out yourself. This is a very simple system that works most of the time. No 100% winners in forex. Also, as MP said, never go against the MA. Only go long when above, and short when below. I like your take profit areas.
There's a very good write up on the 1,2,3 system. Basically, it's a prediction of price action. Hope this indi helps.
take SHORT when 123 below MA
Image explain thousand of words, attached.
The indy looks well. But it makes the chart quite messy whereby I cant concentrate on the price action. Still, i prefer using naked style.
Btw, you program it yourself? I nvr knew indy could recognize 123 formation
I hunted this one.
Gu have a similiar entry as well
SL hit for EU
GU hit TP
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