DislikedHi
"BTW the divergence (the arrows) are disabled in 1M."
The coral is disabled to...? so what are the rules for trading m1 charts? ThxIgnored
- #5,484
- Feb 9, 2009 6:09pm Feb 9, 2009 6:09pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
Your winning streak is very impressive.
Do you play only by THV rules or do you combine it with some other indicators/system?
If you took a long on E/Y in the last London session on 5M with THV rules and let it run on 15M till first red candle you would have made easy 170 pips.
It was difficult to trade the 5M, a lot of wipsaw, but the trend was clear.
I use THV V3 and other indicator.
Other indicator:
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KG Support & Resistance
ema 34
PS:
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On this screen i take 40 pips
The breaks of the green, red and blue lines are great, especially the green lines.Would you mind explaining a bit more what exactly you look for on the m5 before you go into the m1 to make your entry? Like what steps to you follow exactly. Thanks
WilteredFire
Nice to see another person using the KG indi, its very useful for getting into breakout trades, it slows down my charts though at the moment, when i upgrade my pc next week to a nice fast one, i'll start using it then
Would you mind explaining a bit more what exactly you look for on the m5 before you go into the m1 to make your entry? Like what steps to you follow exactly. Thanks
I'm french.
- #5,488
- Feb 9, 2009 6:42pm Feb 9, 2009 6:42pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
Hi cobraforex
What is the wipsaw?
here an actual trade on E/Y, so far 100 pips, took it with pending sell order on green line.
Nice that the session started direct under the DP.
- #5,492
- Feb 9, 2009 7:20pm Feb 9, 2009 7:20pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
Cobra,
That's a nice trade you got going with the E/Y.I just got started tonight and looks like I'll have to wait for another entry on this pair. Oh well, I've got patience and time.
My TP was hit 5 pips above MS2 (117.05), I should have set it some pips above S2 (116.64) that was hit as well but as I always say:
better the bird in the hand than the eagle on the roof.
I didn't expect a move with that much power behind to break 117.00 like butter, lol
How are your knees? everything ok?
Thanks txtaz
My TP was hit 5 pips above MS2 (117.05), I should have set it some pips above S2 (116.64) that was hit as well but as I always say:
better the bird in the hand than the eagle on the roof.
I didn't expect a move with that much power behind to break 117.00 like butter, lol
How are your knees? everything ok?
Pain was pretty intense but the meds helped. That's the reason I got started late. But I'm feeling good now and ready to grab some pips.
txtaz
- #5,500
- Feb 9, 2009 7:44pm Feb 9, 2009 7:44pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
Cobra, apart from divergence and trix cross, what other signals you considered to take that trade?
Well, all latest 4H highs where broken to the downside, my pending order was also some pips below the last low on 5M, 4H was pointing clearly to the southpol.
The THV rules have been filled, divergence in play, cross of the fast Trix to zero and slow Trix line.
I want to note that the actual DP hasn’t been there before, maybe I woudn’t have taken the trade if it would have been in my way but when the session opened we have been already below DP, that made me more secure about the trade.
Other than that the USD/CHF showed the last 3 4H bars a clear bull trend after a huge pinbar and should push E/U and E/Y below the table.
BTW: the USD/CHF formed a double top now and I would need a good reason to take another short trade, this is the perfect moment for a break and let the big boys decide what to do, later on I jump on the train when they get 'em to move no matter to where.