The scalpmeister strikes again!
They didn't fill a pending sell order when we spiked to 1.3325
- #3,361
- Jan 28, 2009 10:10am Jan 28, 2009 10:10am
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
They didn't fill a pending sell order when we spiked to 1.3325
- #3,363
- Jan 28, 2009 10:16am Jan 28, 2009 10:16am
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
So both Red and Green Trix has to be in agreement with direction in 5M?
And how about the Trix in 1M, do we need consider that when timing the entry?
Thanks
I'm not counting the last one because that had nothing to do with THV trading.
- #3,364
- Jan 28, 2009 10:17am Jan 28, 2009 10:17am
- Joined Jul 2008 | Status: Trader | 1,722 Posts
Scotch = scotch whiskey
Up or down, gimme a ticket
- #3,365
- Jan 28, 2009 10:20am Jan 28, 2009 10:20am
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
I'm newbie in forex, ForexTrader1. I only make 7 trades (maxs) during session open using THV V2. Today, just trade early London session with +30 pips. I decided not to trade on New York Session today. (*broke some THV V2 rules while dealing with S/R and trend). Enough for today!
Happy piping guys.
regards,
- #3,366
- Jan 28, 2009 10:23am Jan 28, 2009 10:23am
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
I know but scotch don't equal Jack Daniels.
- #3,367
- Jan 28, 2009 10:25am Jan 28, 2009 10:25am
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
I still see a need for hourly close below .3239 for this set-up. The bears will love it.
The 1hr is trying to get to that zero!
- #3,368
- Jan 28, 2009 10:26am Jan 28, 2009 10:26am
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
Yes karun, let me tell you that I took in the last 9 hours only 5 trades but all of them had been quality ones where everything was in order.
I'm not counting the last one because that had nothing to do with THV trading.
) but I can tell you this new 2.1 version is looking really good for trades that come together near perfect. Like Gofer says, so easy a caveman can do it. But caveman has to sleep sometime!
- #3,369
- Jan 28, 2009 10:26am Jan 28, 2009 10:26am
- Joined Jul 2008 | Status: Trader | 1,722 Posts
I think Cobra will take either one, as long as it's quality. In fact, he can choose any of these as a reward for such a good scalp trade.
Up or down, gimme a ticket
- #3,370
- Jan 28, 2009 10:26am Jan 28, 2009 10:26am
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
I think Cobra will take either one, as long as it's quality. In fact, he can choose any of these as a reward for such a good scalp trade.
- #3,371
- Jan 28, 2009 10:29am Jan 28, 2009 10:29am
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
I was thinking that the crude oil inventories would help to get that puppy below DP but again you see that news just suck.
It seems like lately the E/U pair somewhat correlates to the U.S. stock market when it's open. After it closes, the trading seems to get more normal.
- #3,372
- Jan 28, 2009 10:30am Jan 28, 2009 10:30am
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
I'm going to Tradewell's.
You have to make a good scalp first.
- #3,373
- Jan 28, 2009 10:33am Jan 28, 2009 10:33am
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
- #3,374
- Jan 28, 2009 10:38am Jan 28, 2009 10:38am
- Joined Jul 2008 | Status: Trader | 1,722 Posts
Up or down, gimme a ticket
- #3,375
- Jan 28, 2009 10:39am Jan 28, 2009 10:39am
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
- #3,376
- Jan 28, 2009 10:42am Jan 28, 2009 10:42am
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
Actually, I've been busy today. Scalped the M1 Trix Cross for 62 PIPs. My latest is attached. Down-arrow in lower window shows my Trix criteria (re-entry). Down-arrow in upper window shows my T3/Hull criteria. As you can see, it quickly spiked to just below the daily pivot, but I had TP set to 10 PIPs. Right on time, huh?
- #3,377
- Jan 28, 2009 10:44am Jan 28, 2009 10:44am
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
No definitive close! The bulls are avoiding the DP like the plague!
- #3,378
- Jan 28, 2009 10:46am Jan 28, 2009 10:46am
Yes karun, let me tell you that I took in the last 9 hours only 5 trades but all of them had been quality ones where everything was in order.
Sorry if it looks repetitive, I'm trying to understand the entry part using 1M for trading 5M. When using both 5M and 1M together, I get really
. So if my understanding is correct, all rules have to met in both the trading TF (in this case 5M) and also in the TF used for entry(in this case 1M), other wise it is a no trade.
Am I correct?
I'm not counting the last one because that had nothing to do with THV trading.
.
- #3,379
- Jan 28, 2009 10:46am Jan 28, 2009 10:46am
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
the slow T3 in V2 is the faster one in V2.1.
That might be a good signal but beware of the DP.
I would wait for a break and retest to enter in a short trade.
If you want a fast scalp just see the 5M and 1M to get together.
Also I noticed the DP for London end of day is much different than NY close DP today. Normally they are closer together. Not sure which one to consider.
- #3,380
- Edited 10:55am Jan 28, 2009 10:51am | Edited 10:55am
- Joined Jul 2008 | Status: "Not all information is beneficial. | 1,724 Posts
Sounds as if you want most conservative.
If it were me:
30 m and up looks bearish= possible trend change to down after last uppity.
If m5 presents permission, and 1m agrees, not risky as long as coral and hull where they need to be!
Also, if 1m disagrees, it may be temporary pull back and the wonderful breakfast cereal(TRIX) will show you this. Then when 1m trix change color, if you like a wee bit of risk....sneak up on it an BAM!! Get in and get out, or follow trade on 5m, then 15m as long as all goes your way.
Me....if I pounce on that 1m entry and get 9-15 pips, I'm out and wait for new set-up.There usually are many now with new trix.
You also want to note the 1m pullback level to a pivot or fib or strong s/r( to help with entry point).
This may be different than Cobra, or others, but this is how we roll up in Gofer's house!
I hope I answered what you asked.
If it were me:
30 m and up looks bearish= possible trend change to down after last uppity.
If m5 presents permission, and 1m agrees, not risky as long as coral and hull where they need to be!
Also, if 1m disagrees, it may be temporary pull back and the wonderful breakfast cereal(TRIX) will show you this. Then when 1m trix change color, if you like a wee bit of risk....sneak up on it an BAM!!
Get in and get out, or follow trade on 5m, then 15m as long as all goes your way.Me....if I pounce on that 1m entry and get 9-15 pips, I'm out and wait for new set-up.
There usually are many now with new trix.You also want to note the 1m pullback level to a pivot or fib or strong s/r( to help with entry point).
This may be different than Cobra, or others, but this is how we roll up in Gofer's house!
I hope I answered what you asked.