93881Thanx to your response, the connection is here,
https://www.nigeriaforextrading.com/...000-month.html
93881Thanx to your response, the connection is here,
https://www.nigeriaforextrading.com/...000-month.html
93881This chart illues 3 different entry pointsOriginally Posted by ;
the initial one - entry when the blue LTFS are going down and to the left
the second one - entry when the gloomy LTFS are going upward and to the correct (this one did not pay off since it turned south)
the third one - entry when the blue LTFS are going upward again and again to the right side (depending on where you set your stop this one might cover off as price eventually heads north)
it's tough to say with hindsight, however I may have skipped the second entry point and held the first one while it goes down toward the 90 line. Of course, you cannot always count on the rope hitting the 90 line. In a certain sense you have to watch it move to get the feel of this Stoch Rope - I can't describe that'feeling' however it's a helpful part in this method.
Everything I learn from that chart is to enter only on a clear signal, listen to market sentiment and control risk (no more than 2% and also use well thot out stop settings)
hope that this helps
93881Hi Kudzufx,
haha, I think u r quite tired during writing this message. Typo mistake on left right, 10/90....However, I am appreciate your reply.
I need some further explanation on how u define the obvious signal with that chart. And what exactly does it meant market sentiment..sorry of the rookie questions.
Thanks.
God bless you.
93881Here is one idea of a sign window - what do you think?Originally Posted by ;
93881Hi Kudzufx,
Thank you for your chart as well as the entrances you indicate is extremely clear.
Few quetions, when u employing this process, r u stick to the 80/20 principle [possibly even 50 too ], or enter the transaction within the OB/OS zone when the peak is formed, like I understand spud can enter even ealier after the rope is look prior to the peak.
Or something else?
93881Hi
I only use the cross of 50 level now... it is less risky. . As you state cubic. . sometimes. . Being OS or OB does not indicate that it will reverse... it could just keep going... but not many times stinks after crossing 50 degree... you miss a few pips. . But you are safer and there is a fantastic prospect of having a fantastic trade... but you've got a larger stoploss. . . And jnust trade the ropes... overlook whether there is a spreaded thread... only ropes! Exchange other pairs in case you do not see a fantastic opportunity... you make more money waiting for the trade than overtrading. Monitor multiple currencies... many situations the opportunity appears at the exact same time in many pairs. . Choose the one that is correct.
93881Hi Emda,
Thanx for your advice, which TF r u using for this specific method? only 1H?
The 50% rule [spud50] mentioned by spud from the MTF Stoch thread is quite unclear for me. Starting from post 651 to post 657, pg 44. I lost about the entries and exits given by spud in his case. I have pulled out the historic data, employing the SBFX mt4, but nevertheless can not figure out how he obtained the result/pips gain. As he never said the price of entry and exit.
Emda in case your strategy have something connection to spud50, could you pls take this oppurtunities to describe it once again [rather with chartss ].
Could possibly be other traders here could help also.
Thanks.
93881 Whoever enter this trade, LOST. Unless he din use his funds or SL is large enough so that both% MM can cope the drawdown [roughly 60 pips]. I battle I constantly being immobilized and I've never ever experienced less than 25 pips drawdown. Pity.