two targets hit 3 to 1 RRR +
- Joined Jan 2012 | Status: Is still the ginger ninja | 2,495 Posts
We miss 100% of the shots we don't take
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DislikedHi Guys Very nice method you have here Is the same like this method http://www.forexfactory.com/showthread.php?t=7603 Might find something you can use.The last pages are al 1min scalping All the best RooiIgnored
DislikedWith NFP coming up - on Friday I am happy with my 4 trades on this system this week 3 winners and on in B.E. I am a little concerned with this trade though (i) News on interest rates on both the Aud and the Eur (ii) News out of the old USSR (iii) This trade is taking a long time which is normally ok- But we will start seeing the big boys setting up today for the NFP and so we may start to see big swings or a tight market. {image}Ignored
Disliked1.Do you enter after candle close or right away when PA penetrate through rsi 45/55 lvl on 1h chart? always candle close entry 2.Do you leave trade to hit your SL or TP or sometimes you close on BE. Normally I let it run - I may only change to B.E. if or when there is a ... 1. NFP 2. Interest rate changes or talks 3. A change in trend on the 240 minute chart 4. A war or something other wise I normally let it run 3. DO you have some kind of alarms when PA breaks through 45/55 levels? 4.How do you pick pairs for that week, or on daily basis? No I...Ignored
DislikedAre the 5&12 EMAS so important in this strategy? I think maybe its enough to check the RSI crossing above 55 by closed candle. Just would like to understand a bit better which roll the emas are playing...Ignored
DislikedOk. So we have to enter AFTER a Standart Candle (PRC,MC,BC) formed after a 5&13 EMA retracement. Is this correct?Ignored
Disliked^^ yes i know i did. I read it like 10 times and its very helpfull to me. I ment what i said after checking trends and all the info on post 1. Focusing on the enter process only. I wait for ema retracement and then i enter AFTER a PRC,MC or BC candle forming...Ignored
DislikedPerfect everything is so clear now...i only could not find what a BC is in any place. Can you explain or link? or maybe its not to share... Thanks a lot TEB63. Ill follow this thread everyday.Ignored
Disliked{quote} (BC) .. I have removed them from the 1st list- they are not needed for this system. They have to do with SDZ, but they are beyond were I want to go in this thread. They are kind of there own system. with something called bankers ladders. Sorry for the confusion.Ignored
Disliked{quote} Ok i forget about them then. Im trying this method with previous strong/weak analysis to determine better trends...or you think it has no sense to make the analisis for this system?Ignored