- | Joined Oct 2008 | Status: Learning | 1,056 Posts | Online Now
What you do is a reflection of you....what I do is a reflection of me.
Intresting finding or simply statistic: 5min candel 14 replies
5min Bollinger breakout system 42 replies
My journal on The Force 5min system 5 replies
DislikedHi all,
I seen my very good friend on this thread and i decided to see wot he is looking at, while scanning through, i discovered that its a good thread.
I have my trading method which is basically from 1hr-daily tf, but after reading the thread in 10 mins, i was just fortunate to spot a setup and i gave it a try, its working well, presently at +20pips, have moved stop to previous hi as i anticipate a bounce of TL
I think this will keep paying my breakfast coffee and snacks while i wait for my main signal.
Good workIgnored
DislikedI'll look at this, but i just got a signal and entered a demo trade at i'm at a loss right now.Ignored
DislikedRegarding your chart in post #119, I was planning on asking forexjedi about closing of trades anyway. Why not use the crossover of the stochastics as the signal to close, as many times it crosses before the MA's do? Looks to me like the crossover of the stochastics on this trade would have sealed a profit.Ignored
DislikedSpecial note regarding todays charts on the Eur/Usd. I would like to attribute today unstable price action patters limiting trades on my system to the price rallies around the monthly support 3 at 1.2728. Theres a battle here between the market makers and high rollers. The first signal was the unstable price action that started right around 12am est. I like to stay away from the market around monthly supports because the market is extremely unstable and unpredictable for traders using the intraday charts. If you go draw a line at the monthly support 3 price of 1.2728 zoom out on your charts and look at the whoe weeks price action you can get a good idea of how the price acts around montly supports....Ignored
DislikedToday I tried with EU/AD and GBP/US$
EU/AD IS NOT GOOD
but gbp/us$ is very good
Thanks for the system and very simple to use,Ignored
DislikedForexjedi thank you for your very interesting system. I have just 1 question. Do we trade on 5 min.chart just in direction of 15 min.chart? I mean if on the 15 min.chart we have downtrend then on the 5 min.chart we take only sell signals and ignore buy signals? Correct? Thank you,Ignored
DislikedHi FJ
Your rules seem to be very easy to follow. Nonetheless I have encountered nothing but losses today. Any suggestions why?
I might try longer timeframes, see what happens.
ThanksIgnored
DislikedIf you took every trade since 12am est you would have lost exactly 12 pips right up to this moment. Two short trades. This is due to the bullish momentum from the MACD being on the top side of the 0 line. Technically it is counter trend to go short. None the less the losses combine to -12 pips. When a good signal come around you should make much more than that. If you want ill post a chart detailing my claims.Ignored