DislikedHello trendman
Just a doubt, do you use this system or the other one, which is with 57 sma and 62 ema?Ignored
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DislikedHello trendman
Just a doubt, do you use this system or the other one, which is with 57 sma and 62 ema?Ignored
DislikedHello Trendman, came over to this thread now so we can actually talk about trading your system. I'll be sticking with this for awhile, and see if I can start getting a hang of this soon.
On the 5 Min chart, so the only thing you really look at is the MACD? Or to enter a trade on the 1 Min, does the Trix also need to be in the same direction? What about all the MA lines on the M5? What are they for? Do you also look at crosses for those MAs? or don't use them?
Also... Let me confirm how this works...
So let's say the 10 crossed down on both 30,...Ignored
DislikedThanks again for your comments
Now ,everything you've said above is correct but I want to repeat my self again.
5 min chart is very important with MA and MACD,now look at the 5 min chart EUR/USD ,since today's tarding started the price has risen very nicely and look at the MA and Macd they stay always positive and as this upward trend is confirmed for me I CAN NOT GO SHORT FOR SCALPING ON 1 MIN CHART, I think this is understood with everyone.
Around 5.30am gmt EUR/USD start to show weakness ,look at the 5 MIN MACD AND LOOK AT THE 62MA...Ignored
Dislikedwait, however, since I just want to scalp, that means we don't really need to wait for price to drop below all MAs on the 5 min chart right? As you've mentioned, because 62 has crossed below 57, we can start looking for possible short now right? Or do we still need to have the price go below all MAs even for scalping?Ignored
DislikedI always wait for the PA goes below the ma, that is my rule, as you master the system you can create your own rules.
I always trade with discipline, even if I see sudden jumps or great movements ,I NEVER EVER TAKE ANY TRADE,ALWAYS STICK TO YOUR RULES.Ignored
DislikedAh... got it, good, now I'm understanding. I want to follow your rule as best as I can as you've already been trading it with success for the past 3 years, so I see no reason why we shouldn't follow your rules. =) The price being below MAs however, the 200 ema doesn't need to apply right? unless price is closely above it while you're trying to short?
Thanks.Ignored
DislikedSo right now, even though all lined up, there was no entrance because when the 10 crossed below the 30 on M1, it wasn't lined up yet. Now we need to wait for price to retrace back up, meaning, the 10 to cross in-between or over the 30 again, and to recross back down the 30 again for entrance if everything else still lines up right? I'm not sure how if this would be the way you would wait for the short to confirm, if not, please do correct. Thanks.Ignored
DislikedCORRECT.
if you look at the latest PA,as the price weaken on 5 min chart(please master the system first) and I did quick scalping with 10pips on 1 min chartIgnored
DislikedWell, I'm revealing all my trading secrets,I hope everyone does the same thing ,too.
ANOTHER GREAT TOOL ,NOT FOR TRADE TAKING ,ONLY FOR GUIDANCE.
PLEASE ATTACH ON BALANCE VOLUME INDICATOR ON 5 MIN CHART,BUT DO THIS ON A DIFFERENT CHART AND MAKE THE INDICATOR BIGGER SO THAT CHART CAN'T BE SEEN,ADD RSI ON THIS INDICATOR BUT MAKE THE RSI COLOURLESS BUT ADD ON RSI LEVELS 70,50,30 LINES.
NOW WATCH OBV ACTION ON 5 MIN CHART,ALSO THIS WILL GIVE YOU A GOOD INDICATION ABOUT THE TREND, IT'S A VERY VERY GOOD TOOL.Ignored
DislikedThanks, I'll try this. So this is to see if the overall trend is overbought or oversold? Such as if the OBV is close to or above 70, such as now on EURUSD, we might be expecting a price reversal now to the south, and same if OBV is close to or below 30, we will look for possible trend to reverse up. Am I correct on how to use this tool?Ignored