firecard: 10 years have past, anyone else can say something if they have tried and successful with the system ?
technical analysis will not works! simply because SL and TP are very small! and RR cant reach 1:3 or more! but if you play on pair that have low volatility, probably it can works for a while! better swing or daily, because movement are very predictable!
Trading no more than 10% of your account per day is still way too big, because there is no such thing as certainty in trading regardless of how good your trading strategy performs in the past, you will never know when those series of losses will come and it will come, and when that happens your account will gets wiped out easily. Trading is not just about winning it is also about controlling the risk, its the loses that hurt one's account. But if you still get emotional in your trading even just once in a while, its too hard to be in control of your actions especially in the area of risk management. Any good strategy wont work if the trader who utilize it were not able to follow its trading rule consistently.
this system is reasonable. STOCH coud be lagging, but for divergence it is a leading indicator
AU open very strong for XAUUSD better put a liitle safet here.
Not sell XAUUSD @1968.18, but from 1980, SL1990,86
and is at the top of price channel, slop down slightly. STOCH shows divergence XAUUSD, STOCH already OB, SHS newly formed,
recent H4 trend still up, so this is a counter short term SELL trade
SL 1982, TP1961.5, TP2 1951
edit:
More confluences:
price was rising, not only divergent to STOCH, but also with low volume support too, newly appearing more of RED large candles with higher volume then average could indicate current market supports lowering the high price, which already is higher then reasonable price shown by volume VWAP
Allow the use of cookies to log in to the MQL5.com website.
Please enable the necessary setting in your browser, otherwise you will not be able to log in.
You are signed in. Two-factor authentication has been disabled. Set it up again and scan a new QR code, or continue with two-factor authentication disabled.
10 years have past, anyone else can say something if they have tried and successful with the system ?
this system is reasonable. STOCH coud be lagging, but for divergence it is a leading indicator
AU open very strong for XAUUSD
better put a liitle safet here.
Not sell XAUUSD @1968.18, but from 1980, SL1990,86
and is at the top of price channel, slop down slightly.
STOCH shows divergence XAUUSD, STOCH already OB, SHS newly formed,
recent H4 trend still up, so this is a counter short term SELL trade
SL 1982, TP1961.5, TP2 1951
edit:
More confluences:
price was rising, not only divergent to STOCH, but also with low volume support too,
newly appearing more of RED large candles with higher volume then average could indicate current market supports lowering the high price, which already is higher then reasonable price shown by volume VWAP
Short EUUSD @ 1.1896
SL 1.19128 TP1 1.8630l TP2 1.8360
Similar reason like GOLD above, at least it sho weaknes and bounced the upper trend line several times