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Quote:
I guess you have posted in this thread by the last posts, but in fact, here are discussing about a specifc breakout method. I reccomend you to post on general discussion forum to obtain a better response, and pls, be more specific. You question sounds like "how is the weather in planet earth". I assume youre talking about EAs (expert advisors). Most of them are free and some not. Parameter to change depends on each EA. You have a long journey to walk. walk= read an learn
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I'd like to know what to do with Dolly on days when the price enters the Dolly Range at sell level or below.
am I to go short right away? what if the price enters at buy level or above ? are we suppose not to trade under these conditions ? CJ.- |
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Hi All
Ive received the next question by PM Quote:
Well, the hard part, when the system is telling nothing. In these days, when the prices are deeped into the buy or sell zone we need to distinguish two things First: yesterdays breakout was to stronger and were waiting for a price correction? Second: were in a (yesterdays) breakout trend continuation and prices will keep going up/down? The answer for the first answer its easy: Just look to the TSR and (IE) if the cable moved yesterday 215 pips today were goin to have a flat day. Flat days are for play tennis, watching Tv, read some forex book, whatever you want. The only thing what is dangerous to do is trading. The second its a little more complicated. Price moved into the normal range during yesterday and today is in the buy/sell zone and we need to "guess" if will keep going to north/south. The problem is: Dolly is not a trend follower system. So, if you insist in trade, move to a bigger TF (h1) and watch the indicators. Specially the channel. Look for support and resistance levels. Wait for a new PSAR break. Wait for a retracement and sell/buy again.
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