Hi Immy,
What is meant by trading away from the purple and grey line?
How should we interpret this rule with regards to the attached image?
Thank you.
Trade away from purple and grey line
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tayct
- AIMSter
- Posts: 41
- Joined: 02 Sep 2011, 03:14
- 14
Trade away from purple and grey line
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immy
- Founder
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Re: Trade away from purple and grey line
A Picture is worth a thousand words. thank you for uploading question with a picture it makes the job easier. (wd)
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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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tayct
- AIMSter
- Posts: 41
- Joined: 02 Sep 2011, 03:14
- 14
Re: Trade away from purple and grey line
Thanks Immy,
Yes, the session had already closed - the screen dump was taken after Sep 2 Friday's close.
You have read my mind! After posting I realised that I had not quite stated the questions fully. I had been wondering about the apparent clashing of the rules as the grey line was going in the opposite direction of the blue line. Would it be correct that there would be no long trade STRICTLY following the rules? And a short trade is possible if the prices were heading down away from both purple and grey line?
And in the last few minutes of the session we should not take a short trade as it would mean trading towards the purple and grey line?
And finally, is there any significance when the purple and grey lines intersect?
Thanks so much.
Yes, the session had already closed - the screen dump was taken after Sep 2 Friday's close.
You have read my mind! After posting I realised that I had not quite stated the questions fully. I had been wondering about the apparent clashing of the rules as the grey line was going in the opposite direction of the blue line. Would it be correct that there would be no long trade STRICTLY following the rules? And a short trade is possible if the prices were heading down away from both purple and grey line?
And in the last few minutes of the session we should not take a short trade as it would mean trading towards the purple and grey line?
And finally, is there any significance when the purple and grey lines intersect?
Thanks so much.