AUDUSD 30MTF
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DislikedHi ben10,
Enclosure the weekly pivot indi and weekly opening line
for the weekly opening line I'm just using MTF MA with set up
CheersIgnored
Dislikedone trade per setup (while the thrust is strong). have reduced tp to 1% from 1.5% for less exposure. if/when my finger gets fast enough, might set it back to 1.5% per trade. total gain = 5%Ignored
Dislikedone trade per setup (while the thrust is strong). have reduced tp to 1% from 1.5% for less exposure. if/when my finger gets fast enough, might set it back to 1.5% per trade. total gain = 5%Ignored
Dislikedi notice you circle 1,50 and 70 ma compression, is that your trigger to execute the trade?Ignored
Dislikednegative pips overall for this session, not good tradessss for me
next week perhaps , the lady markets give some pips backIgnored
Dislikedwma1 started off as the coloring desire of the line chart. since line chart = ma1 (any ma), i added wma1 and colored it red.
i am still trading off compression of 2-28 vma on m1 basically. as you know my goal is 5-7 pips per trade for 1% equity gain, or 8-10 pips for 1.5%, and hope to achieve this figure per one entry, i need to look for the compression + slope change for a wider directional swing, than for 5/10 sec scalping of your style.
wma50/70 are drawn on an experimental basis, to see if they would, in combination of various mma patters...Ignored
DislikedHey RisingSun, good to see your trades earlier - great stuff
Really like your setup. I've come to the rainbow from an ema crossover system I worked on with my bro (profitable but requires full time trading really), so I've actually been thinking about some of the same things as you. The rainbow switch is after all just an ema/wma crossover, with more 'information' either side. Compression, Lower lows (price lines), 'guide' wma's, it's all coming together I'll post some more soon.Ignored
Dislikedas you know my goal is 5-7 pips per trade for 1% equity gain, or 8-10 pips for 1.5%, and hope to achieve this figure per one entry, i need to look for the compression + slope change for a wider directional swing, than for 5/10 sec scalping of your style.
...Ignored