Example: Two traders risk the same amount of lots on
the same trade setup.
In the image above, you can see
the same trade setup as before.
If You are not using New York Close Forex Charts, you won't see
the same trading setups / signals.
Two traders can indeed see the same chart differently and more often than not they will get different results from the exact
same trading setup on the exact same chart.
If You are not using New York Close Forex Charts, you won't see
the same trading setups / signals.
Our Money Management Algorithms are the only Equity Curve Management tool that we have found that will let you backtest and automate within
the same trading setup so that your backtest engine is the same as your automation.
Not exact matches
While $ XLE remains on our internal watchlist as a potential buy entry in the near - term, further research enabled us to actually find a better ETFs swing
trade setup within the
same industry sector.
Going into today's session, last Friday's new swing
trade setup in iShares Poland Index ($ EPOL) remains an «official» buy
setup with exactly the
same trade parameters (subscribers to our Wagner Daily ETF and stock pick newsletter should note our exact trigger, stop, and target prices for this ETF
trade setup on the Watchlist section above).
The
same goes for using resistance levels to set stop - losses for short
trading setups.
For example, if this
same pin bar
setup above occurred in a range - bound market or in the course of a downtrend, you would not likely set a target of more than 1 to 2; therefore the
trade would be a lower probability
setup.
You should use the
same setup and rules when you are demo
trading that you use when you are live
trading.
Even though a trader might only
trade one system or
setup, his
trades are still not going to be the
same.
Give me that
same setup ten times and I will take it every time, because I have confidence in my
trading strategy and my ability to flawlessly execute that strategy.
But the idea is the
same — staying patient and only
trading the quality
setups will get your profit curve moving in the right direction much faster than attempting to jump into every
setup that comes along.
As I say in the video; there's never going to be the exact
same setup twice, but what we are looking for a is a
trading «edge», this is a repetitive price action
setup that we can use to enter the market from.
For example, if you enter a long on the EURUSD and the GBPUSD, you are basically doubling your risk, and there is really no point in
trading both at the
same time, you might as well
trade one or the other, if there is a similar price action
setup on both, pick the pair that the
setup looks more defined on.
Using an Outside Bar
same colour Strategy in Momentum
Trading can be very profitable but like all price action
setups and patterns, they perform better when used in conjunction with a trend or key support and resistance levels, this is why using our Price action indicator and its price action filters is so important.
For now, let's just keep it simple and see what this
trade setup looks like using the
same USD / CHF example.
It feels like it comes down to a
trade - off between the satisfaction of throwing the punch and the old familiarity of a basic controller, and while I'm sure most players will switch to the basic controller
setup almost immediately, the motion controls are praiseworthy all the
same.
It's also worth noting that the Waxman - Markey bill, a cap - and -
trade setup for greenhouse gases that starts by giving out many licenses to industry but puts up a growing number for auction in later years, was actually passed by the House of Representatives last year; it's hard to imagine a broad - based emissions tax doing the
same for many years.