Yes, I was asked to post a perfect setup,that was one, the no trade pic didn't show all fast trix in one direction.
BTW: the ones that are still trading, the 15M in E/U shows a possible forming H&S (not the shampoo), watch out for a possible break of the red TL.
Do you consider that a bit risky with the FPV not far beyond that TL?
It is also triple roll today so maybe the bump up will come.
That's what I call trading with responsability.
When my trading room is in full action (London session) there will be no wife, servant, kid, pets, phone, Internet Explorer or anything else that may take my attention other than my chart.
Well said Scrutch
This is one of the hardest things to get across to a NuB. Trading is serious business and requires that the focus be on trading and trading only. Put the rest of the world on hold for the duration of your trading period, can be several small periods or just one large one but trading needs your full attention. Any distraction can be the cause of the resulting domino effect that will follow, just get one thing out of sync and the rest just seems to come tumbling down around you. It would appear that your style of trading very closely matches mine but then that makes sense as I read all the material here and paid close attention to the instructor...so what I should say is my style of trading very closely matches your style.
at the 5 min chart you get a good signal all the rules are inline, move to the 1 min chart for entry and the fast and slow trix are already in oversold or overbought area. I sit there undecided what to do.
on some shades so I have changed colours - actually the shades used in THV V3
That's why I didn't post the 4.9 version of that indi, it has a bug, but after some more bars it should be ok again.
Hi Fxg,
Here is something which I use which may help. I have added the RSI 'worms' overbought/oversold indicator from THV V2 onto the TRIX indicator. File is attached. I use settings 90,10 on M5 TF and 95,5 on M1 TF, as I have found it very often signals the end of a move, particularly on M5 and I don't think TRIX is especially good at showing overbought/oversold.
The attached file shows it working on two short trades, with TRIX not showing overbought/sold. The long trade shows TRIX in overbought/sold but RSI does not agree. Maybe if you tune the...
Thanks for the responses guys, and thanks macman, Ill put it on there and see if it helps me out. I was just getting tired of price reversing right as I placed my order to go and stop me out before continuing on with its signaled move. Or thinking price would do that and watch it keep moving in the signaled direction. Part of it I suppose is getting used to the system and watching price action and making an educated decision. I placed three trades today following the rules and all three were profitable, so Im pleased about that, A positive day goes...
I placed three trades today following the rules and all three were profitable, so Im pleased about that, A positive day goes a long way towards building confidence.
nobody ever knows what will happen, so get used to THAT. whipsaw stopouts happen sometimes, and sometimes they don't. you're fooling yourself if you think you can filter them out.
