DislikedThe rainbow switch is after all just an ema/wma crossover, with more 'information' either side. I'll post some more soon.Ignored
and i'll search for more info about" the rescue trade".
keep the positivity flow , thanks guys
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DislikedThe rainbow switch is after all just an ema/wma crossover, with more 'information' either side. I'll post some more soon.Ignored
Dislikeddont forget the story behind the chart Frank,
and i'll search for more info about" the rescue trade".
keep the positivity flow , thanks guysIgnored
Dislikedi use bigger time frame for the map, as i want to know where the support and resistance are and then i scalp the 5 or 10 sec chart within that bigger pipe pattern.Ignored
DislikedHi Ben10,
Just check with you enclosure EU on 1MTF today movement, base on your trading system would you please advise,
CheersIgnored
DislikedHi Ben10,
Just check with you enclosure EU on 1MTF today movement, base on your trading system would you please advise,
CheersIgnored
DislikedBen, how does the pipe pattern differ from the compression pattern? Also, you're looking for confirmation of the slope before entering?Ignored
Dislikedi use bigger time frame for the map, as i want to know where the support and resistance are and then i scalp the 5 or 10 sec chart within that bigger pipe pattern.
pic below is the map example:
http://img46.imageshack.us/img46/8743/zone1.png
using the same pipe pattern to scalp too. notice the limit orders on both side ? thats the rescue mission ready to deploy.Ignored
DislikedHi Magic, what you have in mind as to improve the setup? i can see big potential in it and i believe its a very profitable setup(the pipe+slope).
discipline is paramount, the trick is to secure the profit as fast as possible by moving the stops. and im looking for another way to improve it ...please add your togh and opinionIgnored
DislikedThe pipe and the slope are great. Now that I understand what you mean by pipe, I'll observe more and get the ideas flowing. Like RisingSun was saying, we'd like to be able to get into the trade sooner if at all possible. But waiting for the pullback might be the wiser move.
Another possibility is to make our SL tighter. If we're entering at one end of the pipe, perhaps we could set our SL at half the distance of the pipe. This would improve our r:r and our bottom line.
Have a great weekend Ben!Ignored
Dislikedhttp://img713.imageshack.us/img713/674/15501361.png
my idea is if i can trade the choppy/flat market succesfully then ... im done , as for trading the high volatility is easier.Ignored