Why this 15 min set up candle and not the others, well this one closed on the low of prev support with little/no lower wick. The 1 min lh that followed 15 min close, price stayed below the 50 level (another one of our favoured set ups) to confirm the sell even though at that stage the low of previous support hadn't been broken.
My target was originally the 85 level once 6015 area broken (the 15/85 trade) but when RN was giving some resistance Mrs V said out so we did.
Heya Vantage..
ReplyDeleteI wait for a 15 minute trendline break into the direction of main trend and then enter on immediate 1 min. lh/hl.
(same hold true for H4 trendline break and entry on 15min hl/lh)
this setup gives huge r:r if we keep adding to our trade at subsequent hl/lhs after our entry.
U r much more xperienced than me, so it wud b nice to see ur progress with this setup.
Happy Pipping..:D
Regards,
I'll have a look but Mrs V is anti system changes (until I can prove benefits) and is also anti adding to the set ups we trade.
ReplyDeleteIn general the next 1 min hl/lh following good 15 min candles should be a good strategy. We do use 1 min entries typically at turns after good 15 min set up candles.
Thnx fo the response..:)
ReplyDeleteWhy 'anti adding' V?
have u got some bad experience by adding into trade.
tc..
I have no problem scaling into trades, other than I wish I did it regularly!!!
ReplyDelete