DislikedThe only other thing you need to be aware of is pivot points and previous day's high and low. I have also added Bollinger Bands to my charts, but only as an option.
CoachIgnored
Any shared setup can be very useful to all of us.
Forex intraday using the 5min chart: EURUSD 108 replies
The Force 5min system 3,806 replies
Intraday Pound Trades on 5min chart [GBPUSD] 36 replies
5min Bollinger breakout system 42 replies
DislikedThe only other thing you need to be aware of is pivot points and previous day's high and low. I have also added Bollinger Bands to my charts, but only as an option.
CoachIgnored
DislikedJust worked a treat on GBPUSD @ 10:50 GMT
Sold @ 1.98905, prices quickly moved downwards - however the spread on ONADA blew out to 20points for about 30 seconds! Had a suspicion that they may probably do that so I did not lock in a SL, rather had my finger on the 'close out' trigger if things didn't go to plan. Ended up TP at 1.98605 (30 points). Very Happy and learned a good lession that mental SL's can work if you are watching closely enough.
http://img509.imageshack.us/img509/3...7062007vx2.jpgIgnored
DislikedCheckstar,
I don't understand. How would the 20 pip spread effect your locked SL?
ThanksIgnored
DislikedHelped by the cable news .. this was an unbelievable day regarding GBP USD. In the below interval of 7 hours everything would have gone marvelous for anybody entering by the sistem! I counted at least 5 big chances!Ignored
DislikedI've gotten more than 50 pips out of the E/J in the past 2 days. Is this system really this good!?Ignored
DislikedHey Richard7
All I can say is well done. But I can add one more thing, trading goes in cycles, there will be winning streak and losing streaks. Just keep perspective by having discipline and CONTROL the risk, then the euphoria and crestfalls will have less of an emotional toll. You will enjoy trading better I think.
CheersIgnored
Disliked0933 GMT. Didn't take this trade, but I think this chart is worth osting and debating as to whether it fits the system.(maybe 3 little sisters setup?)Ignored
DislikedAnybody gettin anything? Looks like I missed all the good stuff overnight during Europe. I'm in USA Central Time, GMT -5 so I'm sleeping then.http://www.forexfactory.com/images/icons/icon11.gifIgnored
DislikedHey Richard, GMT-5 is an eastern time not central, and Central is -6.Ignored
DislikedAnybody gettin anything? Looks like I missed all the good stuff overnight during Europe. I'm in USA Central Time, GMT -5 so I'm sleeping then.http://www.forexfactory.com/images/icons/icon11.gifIgnored