Thread: 30 tf
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Old 05-17-2008, 03:59 AM
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heartnet heartnet is offline
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Quote:
Originally Posted by ismailv View Post
Heartnet u asked for an exit strategy. This will depend on three things.
1)ranging market, 2) medium trend and 3). strong trend.
If u can identify what sort of trend u are in then your exit strategy will be based on that.
ranging markets within an envelope or band or channel.
medium to strong trend, use a displaced moving average such as 6,4 or 25,5
try and see what works. or even going to a hgher time frame and trail it using either the high or low of the bar.
dont limit yourself to 30 min tf use 15 tf
for trend and direction use at_ZDn indicator, stoch 4,2,2 and a double channel such as 20,.03/.05. also suggest study one market before going to other markets. use eurjpy
ismail
what I understand from youcorrect me if im wrong)
1)exit on ranging price is in envelope
2)medium and strong-needs you to post chart..im a newbie.
3)for trend direction need charts too
sorry for many request.
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