Thread: ASCTrend system
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Old 06-06-2006, 05:27 PM
newdigital newdigital is offline
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Quote:
Originally Posted by bmac
hi nd,

one question, are you taking small pips in the direction of the trend in 15mins?
Re-entre.
I did not set this small pips especially. It is re-enter.

For example i opened buy. And then I got exit according to Fisher_exit. So I am doing buy once again. If i got exit but i am sure that the trend will be continuing so i am doing re-enter instead of exit.

The good target in this M15 system (which I am testing now) is border of the channel and the main (final) target is the value of i-DayOfWeek indicator.

So, from the initial signal up to possible value of i-DayOfWeek indicator is from 50 to 150 pips (per one chart). And it is m15 timeframe. So we may just (1) set the profit and relax, or (2) re-enter on the way to our main target, or (3) stop sometimes on resistance lines.
It's up to us. I prefer (2) and (3).

Because we have initial signal to enter, we have final profit level for today (possible profit level), we have many re-entry points on the way to our final profit level, we have many support/resistance lines on the way as well. And we will see all those lines on the chart.

So we may take any decision according to our deposit size, risk and trading technique, trading character etc.

I do not know about other traders but when I enter and I know that my exit will be after 4 or 6 hours later and I need just to see the price and wait those 4 and 6 hours ... Sorry but i think it is much more easy psychologically to understand the price concerning re-enter, support/resistance and so on just to be busy those 4 or 6 hours to know what price is doing every 15 minutes. It is much more easy to trade.

I want to create this system. I am still testing it. Hope i will be able to do it.
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