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Saroj - the BB's give natural exits along with other approachs so that part doesn't worry me
Could you explain how to set the BB to show me exits. i have MACD BB in my chart. I am struggling w/ exits, so needed some help
Here are two must watch videos for all traders that are struggling or new traders that think money will just flow into your accounts. Trading can be mastered, but just like all other professions, it takes time, discipline, commitment, money, and a proper education.
Trading is a business, treat it like one and you have a chance, treat it like a hobby and you will fail.
Making money trading doesn't have to be that hard! However, we as educated hard working people always want to make things much harder than they are. In keeping this thread alive I will post some of my trades, discuss my system and how I add discretion to my system. Please share your experiences as well.
In the first chart you will notice a break of a previous bottom on my 15 Range bar chart, that signaled me to start looking at my 5R for an entry signal to the downside., If the entry signal does not happen and this move is faded back up, then I continue to read the price action bar by bar until the next setup occurs.
The second chart shows my entry price, first exit and news exit. This was good for a little over 35 pips.
Here is a reversal that I took after a trend line break then a confirmation pivot break. At that point I go to my 5R and look for an entry. You can add on all the way up with specific pullbacks.
Triple bottom on the 15R, break of a trend line up, go to 5R and start looking for longs. Be careful of 50% retrace but looking to test the old top at 124.60