Price action Strategy

trago1

New Member
Trend following filter is based on the same principals with a little tweeking of ADX levels for NO TRADE- 60 ! and 75 for TRADE AND using HTF(HigherTimeFrame)H1 or 30min if you prefer. 
Therefore M30,H1 should be used as a ''precondition'' or a first step in trading.
Difference is that on H1 or M30 is less ''noise'', but we have to be much more patient and wait for a good-strong opportunity.
Keeping ADX on 2, we are assured that we are updated soon enough, that there is no too much lag.
What do you think about this strategy, people?
Many times simplycity is best, many times we don't see what we have in front of our noses.
 

Zakaria

New Member
RE: Price action

Excellent Work ,
May we have the strategy in details  ?!
and It will be appreciated if you supply examples with charts for the strategy
 

Bitkong666

New Member
RE: Price action

trago1 said:
Trend following filter is based on the same principals with a little tweeking of ADX levels for NO TRADE- 60 ! and 75 for TRADE AND using HTF(HigherTimeFrame)H1 or 30min if you preffer.As you can see from the photo basic rules are still valid even on H1!
Therefore M30,H1 should be used as a ''precondition'' or a first step in trading.
Difference is that on H1 or M30 is less ''noise'', but we have to be much more patient and wait for a good-strong opportunity.
Keeping ADX on 2, we are assured that we are updated soon enough, that there is no too much lag.
What do you think about this strategy, people?
Many times simplycity is best, many times we don't see what we have in front of our noses.
cool Thanks. This is a great explanation.
 

scrowe241

New Member
RE: Price action

Looking forward to getting some clarity..... Kind of lost in the trees right now....too much information.
 
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