DislikedI don't use any adjustments to this system, just the 3 MA's and a stop of 20 pips.Ignored
greetz - dr_ceran
Forex intraday using the 5min chart: EURUSD 108 replies
The Force 5min system 3,806 replies
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DislikedI don't use any adjustments to this system, just the 3 MA's and a stop of 20 pips.Ignored
Dislikedahh -- i see, i guess one can see that resistance on your chart developing in the first hours of the day (02:00-04:00), hope i'm right...Ignored
QuoteDislikedok, so you dont use the sma-angle indicator and adx, but do you have a look at the angle of the 50sma at least on the chart?
DislikedNice trading!
Can I just ask - do you only consider support and resistance locally on the 5min or do you look at bigger TF for S&R and also where the MAs are and also Weekly S&R etc?
I would imagine that the bigger TFs are not as important if we are looking for around 10pips?
Would also be grateful for anyone else's theory on this - GOLFER? Rebecca? etc
Cheers
FernieIgnored
DislikedNice trading!
Can I just ask - do you only consider support and resistance locally on the 5min or do you look at bigger TF for S&R and also where the MAs are and also Weekly S&R etc?
I would imagine that the bigger TFs are not as important if we are looking for around 10pips?
Would also be grateful for anyone else's theory on this - GOLFER? Rebecca? etc
Cheers
FernieIgnored
DislikedNice trading!
Can I just ask - do you only consider support and resistance locally on the 5min or do you look at bigger TF for S&R and also where the MAs are and also Weekly S&R etc?
I would imagine that the bigger TFs are not as important if we are looking for around 10pips?
Would also be grateful for anyone else's theory on this - GOLFER? Rebecca? etc
Cheers
FernieIgnored
Disliked
It's all really helpful - and great that you successful guys are all willing to share and help us Newbies.
It seems easy to find weekly and monthly S&R, but I don't really understand Pivots and where to find the figures. Can anyone help please or maybe point me in the right direction to find, maybe on FF?
Cheers
FernieIgnored
DislikedSo, let's see if I've got the general idea...
I have been to both links and really helpful.
I guess it's a good idea to draw the Pivot and S&R lines on the 5 min chart for our trades, but would it be best to draw them from the 1H or 4H for our trades?
If I understand correctly, Golfer uses S&R from 4H but is that also PP? (I think I may be confused with the 4h "system") Also Golfer, do you mean the published S1, R1 etc or what you can actually see on the chart?
I guess we need to excercise caution if the price is near to the pivot price.
By figures, I meant prices Mkain, sorry. It seems these can easily be found on the link Xaron posted.
Sorry to be a pain!!
Cheers
FernieIgnored
DislikedAh what a day! Great opportunities lying in the 5min everywhere. Unfortunately I still screw up more than I gain. I'm waiting for Xaron's one or two hyper trades...
I wonder how someone can improve on spotting opportunities. Seeing them afterwards is no problem but in the middle of a forming swing no indicator seems appropriate because they all repaint a lot. For example the MACD can up till the last second change from a trend continue pattern to a reversal one. This also applies for the formation of candle patterns. If I wait for the candle to complete, then the opportunity seems to be gone already, if I get in early everything can happen which results in my bad performance.
One thing I already identified, I get out of wins too early and let losses run too long. Sigh. I'll keep trying...Ignored
DislikedHere is the latest version of the EA which will allow you to baby sit your manual trades. I hope you will find all its features useful and it will help your trading.
YannisIgnored