Had a nice little trade this morning on A/U for +27. Took it off the 30 min cross, scaled down to 5 min for entry. This system is really showing the inportance of patients, thank you again lawgirl.
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DislikedAndreas, when you say supported by H4 and D1, what exactly do you mean?.
Hope this helps
Sorry for not writing more clearly.
I meant 'supported' more related to confluence.
- H4 and D1 are above 200 EMA
- H4 and D1 were green when I entered
Hope this helps
DislikedMy thought is to use an 8EMALo and an 8EMAHi as an envelope...My intention is not to have an automatic system but a staged manual system...I hope someone can help me bring this together. This is my first ever post so please excuse any rookie errors.Ignored
DislikedJust for information purposes - I have not been at my screen as much this last few weeks due to other issues. But whenever I could grab a bit of time I traded the 5 minute and the 1 minute chart - 5:1 ratio. on E/USD. Works quite nicely for a short, quick in and out and pluck a few pips of the table type of strategy especially when you have no time to start scanning various pairs etc for set ups.
Got a question regarding the entries and i'd like if one of you could clear my confusion up! .....Ignored
Thanks for your reply, I have taken many of Baby Pips lessons.
What I wanted was someone to specifically teach me how to use THIS system and LawGirl's other system she has on here.
I have been over the thread but there are many things I still don't understand.
Anyone care to help me one-on-one?Ignored
DislikedUsing what criteria for SL and TP?Ignored
DislikedOh, but this one is so much fun!
What is it?
This is a trend trading system using very clean charts.
Which time frame (TF)?
Any two TFs with a ratio of 1:4 - 1:6, for example: I use the H1 and the M15 TFs with a ratio of 1:4. But you could use the H4 and H1 charts (ratio 1:4) or the daily and the H4 charts (ratio 1:6)....you get the picture.
Any, but I will only use GBPUSD, EURUSD or AUDUSD for illustrative purposes.
[u]How do we determine the direction of...Ignored