Thank you sam, and the Seed you pointed out to Grant earlier on m15 is working like a charm!fxsam wrote:Perfect Setup. This is a great concept you explained here immy.
below i've cut and pasted a few things I said in the chatroom (so we don't lose them)
Immy: Erik, great trade on GU H1, well done matey. 11:51
Immy: its interesting how you can take advantage of strong or week currencies, when they are moving, trade em otherwise dont. 11:53
Immy: though, the m1 trader had 3 chances to make his 1-2% per trade. 11:54
Immy: I won't mind trading a setup on m1, top of the hr. but sitting all day, is not my thing, well not anymore haha 11:54
Immy: e.g. Sam said earlier to Grant, you have Seed on m15. (that meant, you can still trade it) it is an excellent way to trade. M15 seeds with open gator's give you huge advantage. low risk and high reward. 11:55
Immy: if you take s1 on m1, you'd be out when it pulls back and closes above green line, whereas if you traded Seed on m15, you'd close half at 1:1 and let the rest run and close only when the m15 candle closes above/below green line or hits your sl using anyother trailing mechanism. 11:56
moty Enters the Room. 11:57
Immy: Lets suppose we took Seed as suggested by SAM earlier this am, we'd have taken a trade with 12 pip SL and now sitting at a nice .5% banked SL at Entry Level and running profit of 48 pips i.e. 2% running profit with closed half.
