Your posts are really interesting. Do you find that adding any sort of filter increases the P/L of this type of trade on short term charts? Eg. Say only taking a trade when the 20SMA or MACD (or other trend indicator) on a longer time frame is in the direction of the trade? I'm struggling to get consistent results.
I haven't tried to apply filters and yu are welcome ot try but my suspicion is that you will miss many good trades that way as well. The key is accept that its 50/50 bet - but what make its interesting is that when it works it can achieve 2:1 risk reward parameters because yo are buying/selling at extremes
Hi Boris,
Your posts are really interesting. Do you find that adding any sort of filter increases the P/L of this type of trade on short term charts? Eg. Say only taking a trade when the 20SMA or MACD (or other trend indicator) on a longer time frame is in the direction of the trade? I'm struggling to get consistent results.
gazzmam177 2 years ago
I haven't tried to apply filters and yu are welcome ot try but my suspicion is that you will miss many good trades that way as well. The key is accept that its 50/50 bet - but what make its interesting is that when it works it can achieve 2:1 risk reward parameters because yo are buying/selling at extremes
BKTraderFx 2 years ago
Really enjoyed the video. You provided a lot of things to think about.....Thanks.
djjinsav 2 years ago
Hi Boris,
Which time zone session is this valid for? (European/US/Asian).
Also, do you implement the 00 and 50 rules from the previous scalping method here?
MavVRX 2 years ago
I use this on all sessions and no this not related to 00 or 50 ideas.
BKTraderFx 2 years ago
thank you
PhaseOne222 2 years ago