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Rules of the game
Hi Zak,
Thanks for all the great info!
I have been trying to teach myself your method and I really think it is necessary to put together a concise set of rules for each type of trade strategy - breakouts, reversals, box plays and continuations.
Then we can refer to the rules when we go through your examples and detailed explanations.
I think it will cause traders much stress if they have to read through pages while testing live trades, you need something concrete to work with.
I would be happy to help but I am struggling to work all the rules out myself.
I thought it could look something like this on a word or excel doc at the start of the new thread that can be updated:
TYPE OF TRADE
Breakouts
Entry conditions
Trade Direction:
1) Determine which pair to trade by looking at the direction of the combination pair??
2) ?
Pivot Levels:
1) ?
2) ?
CCI's:
On 15 min chart
1) Trade with the direction of the 336cci trend
2) ?
Moving averages:
On 15 min chart
1) if 7ma is < 20ma is < 80ma < 320ma and are close together?
2) ?
Exit conditions
Stop loss, profit targets etc??
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