Did a lot of trades today. Still making some mistakes for the Fractal breakout method.
While practicing the Fractal breakout, today I was testing out my 60s method, which is using Bollinger Bands and price action. The way that I apply Martingale with this method is very similar to what I do with Fractal breakout. Comparing to the Fractal breakout I learned from a binary group, my PA+BB method provides more entries. It also allows trading reversals and trend following. The 130 EMA is very important for the Fractal breakout method but when it comes to PA+BB method, the EMA does not matter. Price action becomes the most important thing here. Have to take a look at candles and their relationship, not only a specific candle.
While practicing the Fractal breakout, today I was testing out my 60s method, which is using Bollinger Bands and price action. The way that I apply Martingale with this method is very similar to what I do with Fractal breakout. Comparing to the Fractal breakout I learned from a binary group, my PA+BB method provides more entries. It also allows trading reversals and trend following. The 130 EMA is very important for the Fractal breakout method but when it comes to PA+BB method, the EMA does not matter. Price action becomes the most important thing here. Have to take a look at candles and their relationship, not only a specific candle.