I decided to post statistics on the work on the Scalping strategy over the past week. I work with a fixed amount of the transaction, not what "martingale" from here is the minimum risk of deposit drawdown. Statistics for the week (76+) - (23-) = 53 Plus see screenshots. A detailed description of the principle of the strategy can be seen in the description of...
This strategy consists of three scripts each complementing each other and allowing for a maximum to cut off false signals perfectly shows itself on M-5, M-15 (the less T.F the more signals but not lower than M-5) actually under these periods and were sharpened all the settings. At the moment, the results are encouraging, not when, the main thing is to have...
Market Structure is Key to drawing up any harmoic pattern. Your most important impulse leg is your a:b and c:d you need to make sure that these reciprocate one another. I knew trend reversal was inevitable because we had a trend break on H4 which means for a stronger trend correlation. So once D pattern completed I do candle stick analysis on a lower time frame...
Looking like a large potential build up of orders in and around the 1.1700 area for good Short trade opportunity.
If braking the netline it's possible the bullish moment continue to be strong. I would enter for a long call with a SL few inch under the Min of the candle braking the netline. If on binary i would wait for the netline braking , and enter if the next candle doesnt pass the minimum of previous candle with a 30 min call.
Buy trade possible from build up of orders at the 0.8740 area however depending on the Bank of England interest rate decision, this may well be an area for Sell trades.
Large build up of Buy orders in around the 1275.00 area, opportunity to go Long.
For today: Sell till the EOtD For the next week: Sell till the EOtW Good for binary options and forex! - The trend-resistanxe line - The daily resistance line - Bollinger's turning - The MA-resistance line Be careful! Have a nice weekend!
Working on a new REVERSAL indicator … Almost every signal of the "MM-Reversal-King" was right. 11 out of 12 is not that bad.