Right now I'm still in the waiting mode for the next 1 hour candle because it is unstable at this time..... If it should continue down then the S1 will be in focus.
The Dove - Forex Trainer
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DislikedOne thing traders should also learn about is scalping..... With the right indicators and using the 5 minute chart you can get in and get out with 7-10 pip profit for each entry. This is what I have been doing while we are waiting for 30+ pip movement on the pivots...... By scalping I have made my 21 pip limit and everything from here is gravy. Right now we still have the 50% retrace due to it getting above the central..... This is one of the reason I try to stay out of trading between the central and daily when it is less than a 30 pip spread.Ignored
DislikedOne thing traders should also learn about is scalping..... With the right indicators and using the 5 minute chart you can get in and get out with 7-10 pip profit for each entry. This is what I have been doing while we are waiting for 30+ pip movement on the pivots...... By scalping I have made my 21 pip limit and everything from here is gravy. Right now we still have the 50% retrace due to it getting above the central..... This is one of the reason I try to stay out of trading between the central and daily when it is less than a 30 pip spread.Ignored
DislikedI use the 5 minute chart with a Linear Regression and a couple of moving averages set at the right base and parameter.... At each turn I make an entry.... I set my limit for 10 pips and no more.... which is, a 7 pip profit.... Usually there are more pips but greed can always get you in trouble.... There is always at least 10 pips on each turn.... Just like this turn.... I got in at 118.76 and my limit took me out at the 86..... 7 pip profit..... Now i will wait for the next turn.Ignored
DislikedI use the 5 minute chart with a Linear Regression and a couple of moving averages set at the right base and parameter.... At each turn I make an entry.... I set my limit for 10 pips and no more.... which is, a 7 pip profit.... Usually there are more pips but greed can always get you in trouble.... There is always at least 10 pips on each turn.... Just like this turn.... I got in at 118.76 and my limit took me out at the 86..... 7 pip profit..... Now i will wait for the next turn.Ignored