Good morning everyone,
Looks like I'm the only one on this timezone, with the rest of you keeping the Asians busy. Uh oh, Doblece is BACK IN THE HOUSE. (-:
I don't get to post a lot of trades but have been getting a lot of benefit from the M5 and email alerts while I work other things around the office.
Upon receipt of the alert, I went to my trading desk and surveyed the situation. On M5, there was indeed the divergence as well as a recent slope change on Trix. I went long at 1.2774 looking only for 10-15 PIP scalp, as I'm a bit short-biased on the day, for right or wrong.
I did not wait for the Trix cross on M5. I checked M1, which was already green, and then watched as price moved past 2770 resistance. I caught the 2774 train to 2785 and bailed out.
What could I have done better? Well, I could have set my SL to break-even at +10 and caught this trade all the way to 2809, but I need the PIPs. Next time maybe.
Hope the illustration helps. There are a lot of good sharing THV traders on here. Many thanks to all - and to my friends on the THV team.
Ed
Looks like I'm the only one on this timezone, with the rest of you keeping the Asians busy. Uh oh, Doblece is BACK IN THE HOUSE. (-:
I don't get to post a lot of trades but have been getting a lot of benefit from the M5 and email alerts while I work other things around the office.
Upon receipt of the alert, I went to my trading desk and surveyed the situation. On M5, there was indeed the divergence as well as a recent slope change on Trix. I went long at 1.2774 looking only for 10-15 PIP scalp, as I'm a bit short-biased on the day, for right or wrong.
I did not wait for the Trix cross on M5. I checked M1, which was already green, and then watched as price moved past 2770 resistance. I caught the 2774 train to 2785 and bailed out.
What could I have done better? Well, I could have set my SL to break-even at +10 and caught this trade all the way to 2809, but I need the PIPs. Next time maybe.
Hope the illustration helps. There are a lot of good sharing THV traders on here. Many thanks to all - and to my friends on the THV team.
Ed
Up or down, gimme a ticket