looks good Musanto. Can you post the other indicators that your template uses?
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DislikedAdikabas
tha main trades are:
1.classic trade with the direction of 4 H(escalator )
2.Diving to trade 3.Diving away trade
4.Climbing to trade 5.Climbing away trade
6. elasticity trade.
Spud explained everything in details.
We are looking for this main setups but of course you can trade variation of these if you get experience and good grasp of it.Ignored
DislikedGood Morning All,
Here's a quick trade I took this morning on GBPJPY, using Boxingislife's Bringin' Back Sexy method. This is a somewhat modified version of the original setup, using just a 25-10-10 (blue) to indicate the trend. The 5-3-3 crosses it's signal back up after the retrace, and I'm in.
If you use this setup, make sure you have a strong trend on at least two time frames, and then trade the 5-3-3 on the shortest time frame.
Exited with a quick +10 pipsIgnored
DislikedHey Jeff,
Nice trade Jeff. I personally don't like trading M5 but I do use that chart and setup to identify whether price movement is a retrace or a reversal. As your chart indicates, by the fact the the 25-10-10 stoch stayed overbought on M5, there are several retraces in play here. If you were trading a longer term time frame (M30 or H1), the M5 chart here would tell you that the move was a retrace and that you should stay with your position.
BTW, nice to see you trading GJ.
Happy Holidays everyone!!
Cheers,
CanuckCTIgnored
Dislikedive had to give up the early hours because i was losing ability to do a decent job at work.. unfortunately, i have been missing all the good setups. there was a nice setup on AU that i took around 3.. of course, the market barely moves at this time and day and i will probably lose the spread.. i knew better, but took it anyway because i never get to see good setups except when i read the board...Ignored