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I cannot see the line for the opened buy/sell orders on the chart. Pls help! 9 replies

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Buy sell line trading

I'm not surprised at your 5min trades....That's a nice return[/quote]
Consolidation has tricked me a few times....it seems like when the 1hr and 5min price both break the 50sma and the daily has at least a colored reversal candle it rocks. So you're entering on the third matching candle if it breaks the 50sma? What's your limit? 4 matching candles? I usually try to keep it to a break of the reversal candle but there's a mess of opportunities I've missed where the second candle closed over the 50sma and there would have been a good entry on the third candle. It seems there's a point where I shouldn't enter....a retrace has a high probability of coming.

Quoting 60minuteman
you are looking for m5 to cross the ma's after a trending period, its a trend reversal trade.

You enter long at the break of the high or the signal bar and stops go the other side of the ma's or at the recent swing low/high..

you should trade them during london and NY,

you should use some higher tf filer... daily trend, S/r level etc etc...i'm sure many ideas would work..

tp is previous key s/r or a close back within the ma's... the idea is to let these run 4/1 r/r at least!
Here's an interesting one. A little afternoon delight.

Price broke the 50sma on the 5min. The blue line is the 1hr 50 sma listed on the 5min chart. Is there a way you could go in on this without waiting for the close of the candle? Price S/R on the 5min?
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Just took 25 off this. I used the resistance of the 5min S/R line and entered after the break.

Again the multimeter (can indicator in upper right and middle sma arrows in lower left all lite up like a christmas tree. (the middle arrows are the break of 50sma for 5min, 1hr, daily)

It seems the usa afternoon can have some good runs....they just keep running up.

P.S That was a learning experience....I got out about 2:1 ....it's still going....4:1 right now. Notice the candles never retrace below the last one....i should have walked my sl on the candles after 2:1.
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Seems to me like you get a break of the 50 sma then a small retrace bump of the 50sma....then it goes. The ones that don't break the entry candle go back down. Correct?

Up again today....just got the 2:1 off E/U
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Did a little bit of a counter trade here.

The swing up came.....bounced off the 50sma and came back down to make a trend line. Broke the 50sma. Since it was a little risky set the order at the break of resistance. (horizontal line). It ran quick. That little loop to create a higher low swing and the break of 50sma seems very powerful...especially if the loop happens over the 50.

Got 25 pips....just did 1:1 because of it being a counter and the 1hr 50 sma was just above it. It's the dark purple ma line.

I'm up 60 pips or so on 5 trades today on the 5min....one was a full loss....1 broke even.
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60 min.....there's more then one......this is the one.....here it is.
Attached File
File Type: mq4 Trix4Kids.mq4   12 KB | 53 downloads
Here it is
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Incredible or what? 60 min....look at what I talked about. I've got a buy stop in case it runs.
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I think E/J may go down to 124.70. I deleted my bull stop....the last fake down didn't get me. We'll see soon.
Looks like E/J's starting to range....no afternoon delights today!
Basic EU trend trade in the direction of the previous days close
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Quoting 60minuteman
Basic EU trend trade in the direction of the previous days close
down to resistance, and can up again to eu 1.3460
CAD/JPY AUD/USD
Quoting Fermy17
down to resistance, and can up again to eu 1.3460
yeah got 33639 as a soft TP... weekly is saying it wants to get to the next monthly line down, gonna take some work to get there though
EU monthly strike zones...

weekly confirmed move to next monthly line last week by closing below weekly s/r
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Quoting 60minuteman
yeah got 33639 as a soft TP... weekly is saying it wants to get to the next monthly line down, gonna take some work to get there though
my buy order now floating. May be i close my order or no ...
CAD/JPY AUD/USD
RN's

Anyone trading the smaller TFs like M1, M5, M15, and even up to M30, should be aware of round numbers (RNs). They are just as important as traditional horizontal support/resistance points, imo. And whereas yesterday's high/low can appear different from one trader's chart to the next due to broker times varying, RNs appear the same on everyone's charts.

As a general rule of thumb, placing s/l or t/p 5p away from an RN is usually good enough to either avoid or take advantage of the reaction that price often makes around an RN, and 6p to be on the conservative side.

The attached chart shows every time price reacted within 5p of an RN. The x.500 levels are just as important as the x.000 levels. Also attached is an RN indicator.
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Attached File
File Type: ex4 Round Numbers.ex4   13 KB | 52 downloads
Quoting California
RN's

Anyone trading the smaller TFs like M1, M5, M15, and even up to M30, should be aware of round numbers (RNs). They are just as important as traditional horizontal support/resistance points, imo. And whereas yesterday's high/low can appear different from one trader's chart to the next due to broker times varying, RNs appear the same on everyone's charts.

As a general rule of thumb, placing s/l or t/p 5p away from an RN is usually good enough to either avoid or take advantage of the reaction that price often makes around an RN, and...
California as those mentioned are 25 and 75 as important. IMHO

Indi attached.
Attached Files
File Type: mq4 SweetSpots.mq4   4 KB | 34 downloads
File Type: ex4 SweetSpots.ex4   4 KB | 23 downloads
Wait-Execute-Manage (:waiting: - the longest part)
Quoting snail69
California as those mentioned are 25 and 75 as important. IMHO.
Snail

I think that is overkill because you end up with too many lines on your chart. I looked at someone's chart the other day, and between daily pivot point, S1, R1, etc. and everything else they had, they had a line every 17p. Hard to trade like that...You become scared of your own shadow. Analysis by paralysis. My opinion only. Each person does what works best for them.
Quoting California
RN's

Anyone trading the smaller TFs like M1, M5, M15, and even up to M30, should be aware of round numbers (RNs). They are just as important as traditional horizontal support/resistance points, imo. And whereas yesterday's high/low can appear different from one trader's chart to the next due to broker times varying, RNs appear the same on everyone's charts.

As a general rule of thumb, placing s/l or t/p 5p away from an RN is usually good enough to either avoid or take advantage of the reaction that price often makes around an RN, and...
Hey California,

Your settings on your MACD Indi.3-10-16... And the way it appears.. Very much like a trader named Chic Goslin ( Intelligent Futures Trading ) numbers he used way back when. He use to plot by hand on SMR (paper) charts. At one point he lived in California.

Interesting observation only

TSD
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