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- mikeh3855 replied Nov 26, 2013
Yes the position size is based on initial stop loss placement. Stop is x number of pips away from entry, contract size is adusted to 5%. The risk would only reduce as the SAR moves closer to the entry point. Since the SAR is never moved further from ...
SAR Method on 4hr Charts
- mikeh3855 replied Nov 25, 2013
There you go. A simple effective day trader's method. I don't trade all day but this shows the universal effectiveness of this method. Nice work gspajon. Personally I have moved to just the GBPUSD on the 4 hr chart. Previously I was using three ...
SAR Method on 4hr Charts
- mikeh3855 replied Nov 22, 2013
Toxic, You may not be here anymore. Regardless, I have to say this system of yours is very nice. The trend Identification method is great! Trend ID is always subjective and evolving but this method to nail it down is as good as any. I'm using it on ...
FxMatixPro - 5M Intraday
- mikeh3855 replied Nov 18, 2013
Well Buff may be gone out to the Outback or somewhere so I will answer. Look for the last swing point to the left Dan. If that is very far for the time frame you are using look for a closer support or resistance level. Put your stop behind there. ...
SAR Method on 4hr Charts
- mikeh3855 replied Nov 13, 2013
Thanks Jim, I'm currently getting chopped up in this market, waiting for a nice run. The last couple of weeks were good with some smaller runs but generally pips were given back before the SAR. Mike
SAR Method on 4hr Charts
- mikeh3855 replied Nov 7, 2013
Sure. Here's one that just triggered. I can see how after a while one may not need these yellow lines. They are a nice training tool to see the higher highs, etc. I got whipsawed on the AUDJPY this week and I am in a sell right now at 92.566. This ...
SAR Method on 4hr Charts
- mikeh3855 replied Nov 5, 2013
Nice trade Pipthinker. Teb, yes, great advice about the R:R. Trend following system: win loss ratio low but R:R high.
World's Simplest System
- mikeh3855 replied Nov 4, 2013
Well PipThinker, you're not talking to a void. I am folowing this method also as I like the higher trend following potential edge. As far as 1,2,3 formations I am no expert. If Teb63 says the best formations have a 5 to 7 candle space between highs ...
World's Simplest System
- mikeh3855 replied Nov 1, 2013
Ok Sorry. I broke the rules. I had 15% of my account sitting there so.... its Friday. I took it and will start on Monday with new straddles to start all over again. You know they say, rinse and repeat.
SAR Method on 4hr Charts
- mikeh3855 replied Nov 1, 2013
Thanks for the advise. I admit my stop was in a stupid place. The last swing point there made much more sense. So you are looking for a 1,2,3 pattern and then trade the break of that? Ok. I thought it was just play the break of the recent highs ...
World's Simplest System
- mikeh3855 replied Oct 31, 2013
Hey TEB, I took a trade based on your original post. GBPAUD on Weekly and Daily is up over the 200EMA while on the 4 HR the price was well below the 200. I set up a buy stop over a recent high and it triggered today. Thanks. We'll see what happens. ...
World's Simplest System
- mikeh3855 replied Oct 31, 2013
Serg, good luck. I added GBPCAD this week to GBPUSD and AUDJPY. Trying to stay uncorrelated due to the high risk I am trading on this. Great job last month. Those are some high pip counts. I can't deal with some of the stop loss sizes on some of ...
SAR Method on 4hr Charts
- mikeh3855 replied Oct 29, 2013
Yeah but how far do you go? The Stop and Reverse order is already assumed to be either a support or resistance level. I normally just eyeball it and put the buy stop a little higher than the swing point or vice versa for a sell. Give a few more pips ...
SAR Method on 4hr Charts
- mikeh3855 replied Oct 29, 2013
One of the videos Jim provided shows a realatively choppy market being bactested through. Post #8. He made out pretty good. Thanks for the encouragement. Keep demoing! Try backtestting. Mike
SAR Method on 4hr Charts
- mikeh3855 replied Oct 26, 2013
Have you back tested the GBPJPY with this? I didn't get great results with GBPJPY. The swing points can be huge. Very volatile pair.
SAR Method on 4hr Charts
- mikeh3855 replied Oct 26, 2013
Walad, Moving the SAR can be done on a mechanical basis by following the rules. After all four working lines are in place, price has to exit from within the lines and then go back in. The resulting swing point is your next stop and reverse level. I ...
SAR Method on 4hr Charts