taseerraza

@HalcyonTrader Hi, Been following you for quite a while now. I must say excellent work you have. I was wondering what your terms mean such as 'v' and 'rr' and 'dp'

HalcyonTrader
HalcyonTrader Jan 31, 17 10:09 PM

DP = daily pivot point. RR = Role Reversal (you can google that one, basically support becomes resistance and vice versa). V = Something I made up but basically is the origin of a strong move, preferable looks like a V for long and a ^ for short (I call both a V)

taseerraza
taseerraza Feb 05, 17 1:50 AM

ah okay. Very nice. Thank you

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HalcyonTrader

@Fatbeetrader Congrats on $1M profits on profit.ly! :) You have been a big inspiration to me over the past couple of years and hopefully many more to come. Big congrats!!

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taseerraza

@HalcyonTrader Also how do you know when to take 1r, 2r, or 3,4 r profit? Since you are doing this on a lower time frame and the volatility involved when you you bring stops to be?

HalcyonTrader
1
HalcyonTrader Feb 12, 16 6:11 AM

I look for any excuse to TP. A pivot or support or resistance. I know the 15M very well - for me its not all that volatile but I don't recommend it for newbies. You have to get feel for how far you can push it.

taseerraza
taseerraza Feb 12, 16 12:01 PM

Hmm sounds good. And how many pips into profit do you bring stops to BE?

HalcyonTrader
HalcyonTrader Feb 15, 16 4:31 AM

not a fixed amount of pips - once the market has moved away from my entry and it shouldn't come back. This one is play by ear.

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