unwrapped my "present" yesterday and already playing with it today
attached chart
Constrainments are easier to see on M1, price being constrained my 35/50 MAs for a while, cant seem to break through them.
Once we had a pinbar formed we can put our stops just above that for a good constrainment trade
actual trades (demo)
shorted at touch of 35/50 MAs on 1st trade, moved SL to +1 and
shorted again once price moves back up to test 35/50 MAs area again.
also 2 things is that I would like to discuss with you guys
1)Fakeouts during Frankfurt and London Open, how do we prevent getting "stuck" in them?
one thing is not the trade them, and wait for them to be over before u start trading.
i have a tendency to jump straight into a gd m15 setup once i see them regardless of London Open or not and that has
been my undoing a few too many times. However, they do reap good results not all but enough to offset the times of losses.
Been trading GU mostly so that's the pair that's been getting me stuck during these times
2)HTF MAs on the new M1 setup
do u guys think putting Higher timeframe MAs here will work?
since we're trading M1 i think it's really getting those short bursts of
"30 pips trendlets" as Clay calls them
i myself think lesser indicators there are the less confusing it will be,
since we're zooming in our microscope to look at electrons now instead of cells,
the our confluences shouldnt matter that much since we're no longer trading with the
higher timeframes in mind, meaning what H1 and H4 does has lesser effect on what we do and see on M1
thoughts guys? feedback or comments much appreciated so we all can learn from each other's views
attached chart
Constrainments are easier to see on M1, price being constrained my 35/50 MAs for a while, cant seem to break through them.
Once we had a pinbar formed we can put our stops just above that for a good constrainment trade
actual trades (demo)
shorted at touch of 35/50 MAs on 1st trade, moved SL to +1 and
shorted again once price moves back up to test 35/50 MAs area again.
also 2 things is that I would like to discuss with you guys
1)Fakeouts during Frankfurt and London Open, how do we prevent getting "stuck" in them?
one thing is not the trade them, and wait for them to be over before u start trading.
i have a tendency to jump straight into a gd m15 setup once i see them regardless of London Open or not and that has
been my undoing a few too many times. However, they do reap good results not all but enough to offset the times of losses.
Been trading GU mostly so that's the pair that's been getting me stuck during these times
2)HTF MAs on the new M1 setup
do u guys think putting Higher timeframe MAs here will work?
since we're trading M1 i think it's really getting those short bursts of
"30 pips trendlets" as Clay calls them
i myself think lesser indicators there are the less confusing it will be,
since we're zooming in our microscope to look at electrons now instead of cells,
the our confluences shouldnt matter that much since we're no longer trading with the
higher timeframes in mind, meaning what H1 and H4 does has lesser effect on what we do and see on M1
thoughts guys? feedback or comments much appreciated so we all can learn from each other's views