Why thanks!
Well I could have entered there - that is one of the trades I look for when price gets above the rainbow - makes a bump and then that bump is surpassed (together with appropriate trix results), especially after a double top or bottom with divergence. But I felt a little safer taking the later entry for two reasons:
1. That one was right on the 4 hour downtrend line. So I wanted to see it broken and retested to make sure the 4 hour trend had changed back to up again.
2. When we have been in a downtrend on the 4 hour chart I feel a little safer taking the trade if I can see the dark blue spine and the 15 m trix starting to cross up.
3.The blue line is the ALF indicator. I'm testing to see if it works better than the rainbow VARMA edge, but so far I don't find that it does really.
4. What I'm looking for on the higher tf (which part of the 5m rainbow) is to see if the 1m and the 5m flip together. Then, even though if you see the blue spine on the 1m rainbow flip and the trixes line up it's usually good for 10 pips, if you see them both flip together and the trixes line up you might think about doing an extra lot and keeping that one for longer. You see how the long trade where you can see the first four layers on the 5m and all the layers on the 1m when all three trixes line up at the same time went a lot further than the short trade when all three trix crosses lined up but you didn't see all those layers at the point when all three trixes lined up at the same time.
[quote=vasi;3891649]
Well I could have entered there - that is one of the trades I look for when price gets above the rainbow - makes a bump and then that bump is surpassed (together with appropriate trix results), especially after a double top or bottom with divergence. But I felt a little safer taking the later entry for two reasons:
1. That one was right on the 4 hour downtrend line. So I wanted to see it broken and retested to make sure the 4 hour trend had changed back to up again.
2. When we have been in a downtrend on the 4 hour chart I feel a little safer taking the trade if I can see the dark blue spine and the 15 m trix starting to cross up.
3.The blue line is the ALF indicator. I'm testing to see if it works better than the rainbow VARMA edge, but so far I don't find that it does really.
4. What I'm looking for on the higher tf (which part of the 5m rainbow) is to see if the 1m and the 5m flip together. Then, even though if you see the blue spine on the 1m rainbow flip and the trixes line up it's usually good for 10 pips, if you see them both flip together and the trixes line up you might think about doing an extra lot and keeping that one for longer. You see how the long trade where you can see the first four layers on the 5m and all the layers on the 1m when all three trixes line up at the same time went a lot further than the short trade when all three trix crosses lined up but you didn't see all those layers at the point when all three trixes lined up at the same time.
[quote=vasi;3891649]
Disliked
And more good pips -the same except the opposite
I'm very glad that you come back!
I saw on your screenshot that you're looking also other tf's.
What you looking for?
Thank youIgnored