Hi everyone,
I just took 13 pips out of this last move down. I would appreciate any comments to confirm my reasons for taking this short just in case I'm missing the point and got lucky:
1. Always look at the M5 first. Slow trix already below zero line and as soon as the fast trix closes in the red (not necessarily crosses the slow trix) look for entry on M1.
2. Entry on close at the red arrow when fast trix crossed slow trix (above or below zero line not important) and trail it down with sl immediately above the high HA candle.
Thanks a lot.
Dazzer
I just took 13 pips out of this last move down. I would appreciate any comments to confirm my reasons for taking this short just in case I'm missing the point and got lucky:
1. Always look at the M5 first. Slow trix already below zero line and as soon as the fast trix closes in the red (not necessarily crosses the slow trix) look for entry on M1.
2. Entry on close at the red arrow when fast trix crossed slow trix (above or below zero line not important) and trail it down with sl immediately above the high HA candle.
Thanks a lot.
Dazzer
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