Sell on 5min GU? clarification pls. still trying to learn the system. just subscribed to this thread yesterday. thanks{image}
clarifications we would like to ask, too...
clear up that chart!! LOL
it doesnt remotely looks like what we use here,
and i know George wont be easy on you for the MACD, the Heiken Ashi, the Pivot, and all those lines that too many for the 3 SMAs and doesnt seem to be TMAs...
and for some serious hints, too:
London has closed, NY is closing within 2 hours. the volatility may rapidly dry up this point, something to keep in mind.
that said, change to a higher timeframe ( only you have removed enough fluff from your chart) and have a look where would you see the next target/herd mentality area.
right at this point, as per George's methodology to find entries, there is no trades here.
( that doesnt mean you cant short and cant make profit. you may very well do. all it means what it says: right this point the here preferred entry rules arent present.
happy trading!
Zoltan
{quote} Thanks man and sorry I asked. I don't think I am able to articulate the question property with a illustration of screenshot relevant to this thread. At 20 seconds even a tick of lagging is huge (for me) to make extremely tight entries and very high reward. My focus is Tip of Wick as it in itself conveys a very robust story or a harmonic pattern which, believe it or not, is algorithmic'lly repeatable. It happens many times all over the chart and not just at target zones. Wicks are crucial to understand in my humble opinion. They tell us a...
the 1 min at typical London hour shown the value difference on that TMA line being 0.012 pip ( less than 1 pipette!)....given in a point you have 4 ticks on NQ, not sure how much a TMA line change would result in...but we can check...wait
here:
the band in question shifted 0.13 points in 1 min....that is 1/2 tick.
there isnt that small units to trade there...nothing smaller than 1 tick.
possible solutions:
A. round it down or up, if that would make the difference.
B. use a fine tuned multiplier, for example it is a 5x multiplier for the band, just use 5.1x....
C. discard the approach and move to something that works better to your needs.
for the wicks, no comment.
i see them, i consider them in a particular way when enter on the M1, but it isnt this thread's topic.
happy trading!
Zoltan
there is always, always another trade!!
