DislikedI took my 2nd entry when price broke thru' the h4 34 ema, retest and rejected, however my entry was late by 3 pips {image}Ignored
the cautious seldom err....C
Looking for simple arrow indicator 0 replies
lets develop a system which is very very simple but effective. 7 replies
Can anyone add a simple crossover arrow to this? 2 replies
DislikedI took my 2nd entry when price broke thru' the h4 34 ema, retest and rejected, however my entry was late by 3 pips {image}Ignored
DislikedBoth my AU and UCad trades hit targets. I am completely flat now. Today I manage a healthy boost to my account. Everyone's a winner {image} {image}Ignored
DislikedHello my friend, hope all is well. I am truly inspired by your performance as a trader. I have a few questions for the 5m scalping if you don't mind me asking, I have been following the thread for a little while and I have a few questions. 1. Time frame is obvious its the 5m, but do you do anything with other time frames? 2. Can you please post your updated template? 3. Are there any overview of the rules you follow? I have studied 2b and all the pdfs shared. 4. What sessions do you trade? I would be extremely grateful for your help and I think...Ignored
Disliked{quote} Hi! Outcast, I have turned off my laptop and gone out since my last post. I guess you have not spent much time here judging by the questions you asked. Anyway, I use the 1 hour to give me a perspective on the direction I should be following when I was trading the M15 tf, I have since placed my emphasis on M30 to enter on M5..There is more conviction on the direction of the trade if htf like H1 /H4 and daily align. You will know sometimes the daily might be against the entry on M5 but since if I'm looking for 20-30 pips I am willing to trade...Ignored
Disliked{quote} Hello Pips, Thanks for your prompt response and very detailed explanation it really is helpful to consolidate the idea since it seems to work pretty well with some backtesting. Apologies if I might ask stupid questions. 1. How do you exactly exit trade setups? 2. How do you know if price is aligned? if price is under the 34 and 10 EMA on 30 mins and the EMAs are cut for short then you want to position in a bearish bias on 5m and vice versa. 3. Favorite pairs to trade? I've seen you trade the GBPUSD, EURUSD, and AUDUSD I am assuming there...Ignored
DislikedI am truly sorry. I always read your posts with interest. I learned a lot from it. Thank you.Ignored
Disliked{quote} Before I enter a trade I would have an idea of my final exit as well, along the way I would scale out if I'm in front of my laptop. When I say every align I mean several tf above the 5 min are showing the same direcion. I don't have favourite pairs but I do quite a lot of trades on GU,GY,UCad,EU and ocassionally GA,EA and AU,ECad and Gcad. It depends on what I see on the charts and to select the ones where I think I am able to make some pips. On your bullish bias I think you got condition 2-4 wrong, when you trade away from the pivot it...Ignored
Disliked{quote} If you are around when they happen, yes, you can enter but for GY perhaps wait for pa below the dp might be better. I advise traders new to the method to trade away from the dp, once you are profitable then you can try trading anyhow you likeIgnored
Disliked{quote} Hello I am assuming that GY is GBPJPY and DP is Daily Pivot. now when you say trading away you mean if price is under the pivot to only sell and if above to only buy, or are you talking about the initial break only to retest pivot and take 1 trade?Ignored