"Money is only a part of wealth"
Q.
Trend Follower m1 Scalping WITH m5 Revised Rainbow Setup 56 replies
The Fibonacci Rainbow 17 replies
Watch My Blue Rainbow 28 replies
Rainbow Patterns/Observations 171 replies
rainbow ema mma quick questions.. 3 replies
DislikedWolf on those post #'s (227 or w/e)
uses CCI as exit :/ I guess if it doesn't hit our 10 pip T/P then we use that as exit to avoid a 20 pip loss? or a 10pips loss?
BTW how are we using ATR to calc S/L?Ignored
Disliked4xq,
u attached a pivot indicator.
It has the timezone variable set to 5. If I use GMT timeframe what is the variable?Ignored
DislikedSo 4xq, you want to either exit on +10 T/P or on CCI crossover of a trendline on it...
A cross over of the CCI on the 1min correct?
I did some testing yesterday with this and the thing is, the CCI tended to get me out of the trade earlier than I should have and the trade ended up going my way, in no way did the trade end up going against me... It'll take more thorough testing tho
And I replay back data soon enough
BTW: why are your charts now M2/M3 timeframes?Ignored
Dislikedalso this shows 3 trades...
The 2nd trade looks to be a failed trade that went past S/L and then B/E.
The first trade I don't understand other than that green line is S&R I guess.
You should really count that BE as a draw and not take it away as a win... lying to yourself is the worst thing to do in trading, it starts a downhill slopeIgnored
DislikedI turned off SL because my inspiration told me that the trend should continue, (I see the future , I am also a minister with a prophetic gift) and HE was right.Ignored
DislikedThat sounds very dangerous. There will be the day when you won't be right. And it's gonna hurt.Ignored