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Perry, I am trading off of a 2 range chart, so I can keep my stop loss smaller. I assume I could do the same thing you mention above on a 4 range chart, and using a 2 range for entry?
Perry,
It is difficult to express in words what you have contributed to a lot of us traders! It is not only the effort you have expended to research and work out a "KISS" (Keep It Simple & Stupid) method, but then taking the next step to share it with others, and thereafter answer all the questions (a lot of repeats) and do some mentoring....
Just takes a special kind of person and you are IT!!
Of course, a HUGE thanks to BM, the moderators and everybody else as well who has kindly shared their knowledge, indicators, strategies,etc.
I am not good enough to share anything worthwhile on trading right now, but let me atleast offer you this - if any of you guys/gals come up north to Toronto, the beer's on me!
enter when the ema 5 is going up at least 2 bars
enter when the ema 20 is going up
when this things happen most times there is a cross over for a long - what u are saying is that i dont need a crossover to happen -
i have waited for a cross over and then for the bar (setup)to cross over the ema 5 and ema 20 on the same bar , creates a pullback and then enter the low of the last 5 bars - very successful
thanks again - some times takes more then one kick at the can - so i assume we dont use the adx green above 25 any more but we are more into the price action
From the start this is a price action method. The additional indicators, are there for confirmation ONLY. Normally you would not take a trade with an ADX less than 25.