request for TFG view on retracement entry

[danny]

Being in the real market for the second week of the second month, i feel as if i've wasted a number of good opportunity already because of my retracement entry setup. Most of the time, the market did not reversed to trigger the order and it does not feel nice.

Anyway, i believe TFG may have experience the same situation i'm currently in and probably got the same idea about how to deal with this, for example making modification on the retracement entry. So this is what i got in mind.


Thank you TFG ,in advance, for your view on this.

 

[TheForexGuy]

Sounds like you have a logical plan figured out. It might be on the complicated side

Will you be able to keep up with all these moving parts?

Sounds like something that an EA could manage.

The only problem is both trades with have different reward potential. Trade 1 will need more price movement to get ROI - that's the only 'issue' I can see here.

 

[danny]

thanks for the view

 

[tjenarvi]

I like your idea very much, would love to have the EA for this.