Disliked....So once a move starts and trix agrees on 1&5 min how far past the 1min entry level would you let it go and still get in ?
If you miss that 1min signal dostand aside , wait for the next one or enter when price pauses before it keeps going ?Ignored
- #5,681
- Feb 11, 2009 11:08am Feb 11, 2009 11:08am
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
- #5,683
- Feb 11, 2009 11:14am Feb 11, 2009 11:14am
Here is a trade I couldn't take....went out to have a cig. 
Check the comments I made on the charts.
BTW: I have the analyze chart on the 5m TF. I added the trix indicator to the 5m TF and take trades on the 1M.
The pink line on the 1m TF is a MA:linear weighted:applied to close
eriod 150.
Check the comments I made on the charts.
BTW: I have the analyze chart on the 5m TF. I added the trix indicator to the 5m TF and take trades on the 1M.
The pink line on the 1m TF is a MA:linear weighted:applied to close
eriod 150.
- #5,684
- Feb 11, 2009 11:14am Feb 11, 2009 11:14am
Is there any way to move the info on the bottom to the lower left instead. When watching multiple charts its in the way of the trix indicator. Thanks
Listen to the whispers....
You may learn something
- #5,688
- Feb 11, 2009 11:28am Feb 11, 2009 11:28am
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
Thanks TradeWell - Then to get the nice run trades on the 1 min are the
experienced traders taking every trix signal trade ? Some are false it seems
while some are good . Answers from anyone welcome .
- #5,690
- Feb 11, 2009 11:34am Feb 11, 2009 11:34am
This is a trade that was a real risky but good for 10 pips...
Considerations..
1.) 15 min clear break of trendline and 23.6, "possibly" going to 0 on the fibs. Trix on the 15 is all red.
2.) 1 min clear break of support line.
What was risky is that the 5 min was almost certainly going to show bullish divergnce, which would show early in the 1 min as a retrace. It would be hard for the PA to get the trix in the 5 min to make a lower low...So a retrace was expected.
I took the break of the T/L on the 1 min and closed 1/2 position at 10 pips and set the S/L to BE....
This was a risky trade. Even though 15 min is showing a good chance of moving down further.
Here is whythis was a risky trade...
Considerations..
1.) 15 min clear break of trendline and 23.6, "possibly" going to 0 on the fibs. Trix on the 15 is all red.
2.) 1 min clear break of support line.
What was risky is that the 5 min was almost certainly going to show bullish divergnce, which would show early in the 1 min as a retrace. It would be hard for the PA to get the trix in the 5 min to make a lower low...So a retrace was expected.
I took the break of the T/L on the 1 min and closed 1/2 position at 10 pips and set the S/L to BE....
This was a risky trade. Even though 15 min is showing a good chance of moving down further.
Here is whythis was a risky trade...
Deprive a man of everything and you give him nothing to lose.
- #5,691
- Feb 11, 2009 11:39am Feb 11, 2009 11:39am
Seems like there was a discussion on this and an indi was posted sometime ago that moved the THV V3 info to the left hand side of the first window. Don't remember how long ago that was...
Nope...can't remember ...LOL
Where have you been. We missed you in the thread...
Are you selling those eggs???
Deprive a man of everything and you give him nothing to lose.
- #5,694
- Feb 11, 2009 12:09pm Feb 11, 2009 12:09pm
I'll think about it with you...
Nope...can't remember ...LOL
Where have you been. We missed you in the thread...
Are you selling those eggs???
Doblece might know, if not Cobra will be along and either post the file or shed some light on were it can be found.Trading and completing a couple of open projects. Can not and will not post when I'm trading...also seems to be a full time job just keeping up with all of the posting that's going on here.
Sell me eggs...that's my basket of pips. Now that you mention it they do look a lot like eggs, but then I'm a bit confused on what a pip looks like before it's cashed in. Major problem that I can see is that snakes, owls and rodents like to eat eggs...they may not be safe just laying around in an open basket.
Listen to the whispers....
You may learn something
- #5,695
- Feb 11, 2009 12:16pm Feb 11, 2009 12:16pm
Major problem that I can see is that snakes, owls and rodents like to eat eggs...they may not be safe just laying around in an open basket.
Keep em' safe and stick around...
Deprive a man of everything and you give him nothing to lose.
- #5,696
- Feb 11, 2009 12:22pm Feb 11, 2009 12:22pm
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
... Major problem that I can see is that snakes, owls and rodents like to eat eggs...they may not be safe just laying around in an open basket.
- #5,697
- Feb 11, 2009 12:23pm Feb 11, 2009 12:23pm
- | Joined Jan 2008 | Status: a small step to the future | 560 Posts
Major problem that I can see is that snakes, owls and rodents like to eat eggs...they may not be safe just laying around in an open basket.
Manage your risk accordingly and you're half done your home work.
- #5,699
- Feb 11, 2009 12:36pm Feb 11, 2009 12:36pm
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
..... Ive found though that I have been trading somewhat scared or with indicesion at most times, ....
This is normal for a new or even a fairly new trader. When you are not sure, don't trade. It takes a long time to get used to PA and feel comfortable with its behavior. There is no real need to be in a rush to "get it". Only take the perfect looking trades. Later, you may be able to recognize good potential in not so good looking setups. In the meantime, keep trading on the simulator and demo so you can familiarize yourself with patterns.
