hey PG275, thanks bro for another interesting thread. This is by far the most interestingly-intriguing strategy from u and i love it !
i would like to trouble you for some clarification for my understanding.
if i were to base your strategy on the chart posted. In particular the grey dotted box. Is my illustration accurate ?
If i were to make my first trade within the grey box marked by #1 and end my trading at the #10. Would my MM and direction of entry be correct ?
many thanks in advance bro !
Thanks Hubba. I just tried it for fun purpose to get stress out of mind and which later turned out to be working.
Yes your illustration is accurate. Look at the MM and direction below -
Direction - UP DOWN DOWN UP or DOWN UP UP DOWN
MM - Suppose $1, $3, $8, $18
If you enter CALL or UP at #1 candle then its ITM. If you entered PUT or DOWN on that same candle then it will be OTM, so at open of #2 candle you enter CALL or UP and you win.
Again enter CALL or UP at #4 candle then its ITM. If you entered PUT or DOWN on that same candle then it will be OTM, so at open of #5 candle you enter CALL or UP and you win.
So ideally by 2nd trade you get ITM in this above scenario whether you enter UP or DOWN
Since here we are not using any indicators or lines so after we get OTM we should take next trade immediately on next candle.