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If you see my statement you may understand that I traded without any additional confirmation. I traded few hours yesterday and few hours today only.
And I have some other trading rules:
1. Estimate the time when you will trade and trade in this time only. Trade one time a day. It may be every day but in the same time.
2. If you are not using any additional confirmation (the same with me) so estimate this time out of any news/big price movement. If you are using additional confirmation you will be probably need this big price movement.
3. Estimate stop according to the ATR_Channels indicator, or according to your own experice.
4. This system is not scalping. Even if you are not using additional confirmation rules you will not have many validated trading sygnals on M1 timeframe.
5. When you start to trade and see good confirmed sygnal - wait. Did you see the first order at my statement? Right. It was stop loss. Why? Because this system is generating the sygnals if the trend is established already. So you will get confirmed sygnals in the middle or in the end of the trend. So if you start to trade - wait until the current trade is finished and new one is started (according to Parabilic SAR indicator). To catch the new validated signal early.
6. Re-enter. Any time. Because of M1 timeframe. But be carefully because as I said this system is catching the middle or end of the trend.
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