Recent content by exterior

Did I miss something? What is the BB with Deviation-2 used for?

But there is no swing down. You have an upward movement and within this movement a bullish pinbar appears. But there isn't really a swing downwards, the move ist straight up. In my opinion, fo a swing down you would need a really visible move downwards, than finding support and turning back...

@erebus I missed something on your explanation. 1. Is the breakout only traded, if the previous daily candle is in the opposit direction of the monthly and weekly candles? Example: Previous Month: bearish; Previous Week: bearish; Monday: - bullish --> trade breakout on Tuesday - bearish -->...

I would really appreciate a more in-depth example. E. g. which position is opened with which position size in the trade on the first page? I think you can't open both trades, the long and the short, with for example 1 lot per full trade (so 0.5 lot per split-trade) or am I wrong with this point...

Why only for countertrend trades? Even High probability "With-the-trend-setups" can fail. Little Example: You see a bearish signal with the trend an you set your order. You got triggered, but then there is a news-spike which would stop you out. With this hedging, you might be able to avoid that.

I've got another question. With this method, you won't take extra risk, that's good. But am I right, that you have to cut your position size since the SL on your initial position (the short one in your example) is way bigger than it would be without this method?

I've got a question that I've forgotten in my previous posting: Dale, do you know if this method works in Metatrader 5? The MT5 has another handling for multiple or opposed positions as far as I know.

I think this is a really cool idea and because most people are just shitstorming till now, I want to say: Thank you Dale, for spending your time thinking about this method and sharing this with us. I don't understand you guys. Complaining about the posted setup and that he should have went...

That was a really strong resistance up there :D

Can you explain to me, why you entered the first and the second trade? I can't see any significant setup there. And where did you set your SL on the first trade?

Yep, that should be fine.

One drawback of the split-money-management is the fact, that the price has to go much more in your direction for the same results :|