This is my third entry, valid? It worked out, but was I just lucky, as I seem to be trading against the 1 hour trend and I am still above the Coral on the 5M. trade was at 12:36 pm EST.
Thanks
Thanks
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DislikedDid anyone take this long, or is this not considered a valid entry? It happened at 10:15 EST.
ThanksIgnored
DislikedThis is my third entry, valid? It worked out, but was I just lucky, as I seem to be trading against the 1 hour trend and I am still above the Coral on the 5M. trade was at 12:36 pm EST.
ThanksIgnored
DislikedI totally agree with IP, good post as always!
I have stopped trading EU because I really do not like how it is behaving anymore. EJ is very nice. The moves are usually larger and you can get more pips in a move than on EU I believe.
Also for starters I think it is easier to trade the M5, the M1 is for extreme scalping only and should only be done by experiences traders (I am not one of them, so I prefer a larger tf).
Things are a bit slower on the M5 and signals don't come as often, so you also practice your patience.Ignored
DislikedHere's a trade I took on demo:
Price trading below cloud, coral, and MR1
Fast Trix Cross 0
Sold at 156.72 and got 30 pips
Is this a valid setup?
I'm thinking an aggressive entry would have been a cross of the fast trix to the slow one . . . this is gotta be the most robust scalping system I have ever tested . . . there have been great setups all week unless I'm not seeing it right. . .Ignored
DislikedYes it's valid, but you're a brave soul to be scalping GY.....
Nice tradeIgnored
DislikedYes that is a very nice trade--and valid, however, when scalping 1M charts, every last candle counts--I would have entered right after the bounce/rejection, and when the trade signal came jump in right them rather than waiting a bar or 2.Ignored
DislikedFinally something takable and I missed it because I was on the phone lol.
This one delivered 14 pips, not much for a EU trade on M1, however I am always taking quicker profits if the coral is as flat as it is.
Also the red resitance line at 135 even could become a problem, so I would make sure I am out of it by then.
Nice uptrend (as well as a bounce of it) and bounce of 38% support fib.Ignored
DislikedHi IP,
what about this kind of trade? The PA bounced from the coral and closed above the Pivot Point. The 1 min fast Trix crossed the slow Trix and both trix on the 5 min tf are above zero. But you can't see a separation between the fast and slow 5 min trix. Too risky or go?Ignored