please.. note this.. tp 10 pips sl 15..
4 trades, 4 loss..
what do you think?
i enter on a top an sall on a low..
i think using it at the counter is better
D
Without vision, the people will perish.
- #10,302
- May 5, 2009 8:44am May 5, 2009 8:44am
please.. note this.. tp 10 pips sl 15..
4 trades, 4 loss..
what do you think?
i enter on a top an sall on a low..
i think using it at the counter is better
I'm trading live on H4 charts with quite success, except when I being stupid and try to change rules ) And agains you shouldn't be afraid to loss, just remember it is better to loose 15 pips when you don't like the trade than 80 pips when you are sure that it is not going into your direction
- #10,303
- May 5, 2009 8:58am May 5, 2009 8:58am
- Joined Jul 2008 | Status: Trader | 1,722 Posts
Up or down, gimme a ticket
- #10,304
- May 5, 2009 9:23am May 5, 2009 9:23am
- Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts
Hi Pattinatore
I'm attaching your chart with comments. Two of your trades you entered when there was conflicting divergence on the previous peak/valley, and two you entered late as far as I can see. I can't tell about the trade on the far left side of the screen but on my chart (if I have the time right) there was a conflicting divergence at the previous peak. (the fast trix peaks were flat, while the price peaks were rising.)
I also have to say ( and I don't know how experienced you are, so maybe you are experienced enough to disregard it), but me - I never trade live on anybody's holidays (mine, yours, his, hers or theirs.) I notice a lot of people in this forum don't follow that rule, but I learned this rule from following Babypips and I just stick to it even if I have to sit on my hands for half the month. This is because I figure that most of my charting observation experience has been acquired during normal market conditions, and when any one of the major players is missing on holiday the market is not normal.
I'm attaching your chart with comments. Two of your trades you entered when there was conflicting divergence on the previous peak/valley, and two you entered late as far as I can see. I can't tell about the trade on the far left side of the screen but on my chart (if I have the time right) there was a conflicting divergence at the previous peak. (the fast trix peaks were flat, while the price peaks were rising.)
I also have to say ( and I don't know how experienced you are, so maybe you are experienced enough to disregard it), but me - I never trade live on anybody's holidays (mine, yours, his, hers or theirs.) I notice a lot of people in this forum don't follow that rule, but I learned this rule from following Babypips and I just stick to it even if I have to sit on my hands for half the month. This is because I figure that most of my charting observation experience has been acquired during normal market conditions, and when any one of the major players is missing on holiday the market is not normal.
please.. note this.. tp 10 pips sl 15..
4 trades, 4 loss..
what do you think?
i enter on a top an sall on a low..
i think using it at the counter is better
- #10,306
- May 5, 2009 9:48am May 5, 2009 9:48am
Hi Pattinatore:
Pretty much the same conclusions out of MissPips, for the first trade you long right onto a negative divergence (the one Misspips couldn't make of). Second trade, as MissPips mentioned, it wasn't a good setup at all; Whether you use MTF THV or pure trend line break; that said, the latter would've gotten you out at break even or a few pips. Thrid Trade: Same entry as Misspips; the only difference is I use trend line break on both the price and Trix along with Gartley 222. Fourth Trade, perfect negative divergence; although Trix didn't fire off the signal BUT our familiarization with the 'Trix's dance' is more important here. These divergence happens all the time with Trix without her being firing off a divergence signal line. Please also check out Cashmere's scalping method and the 'subliminal message' of Cobra about "trend lines"; we NEED the trend lines in scalping the 1-min and divergence play.
The second chart is just a throw in as an example. Take care.
Have a good one
Jeff
Pretty much the same conclusions out of MissPips, for the first trade you long right onto a negative divergence (the one Misspips couldn't make of). Second trade, as MissPips mentioned, it wasn't a good setup at all; Whether you use MTF THV or pure trend line break; that said, the latter would've gotten you out at break even or a few pips. Thrid Trade: Same entry as Misspips; the only difference is I use trend line break on both the price and Trix along with Gartley 222. Fourth Trade, perfect negative divergence; although Trix didn't fire off the signal BUT our familiarization with the 'Trix's dance' is more important here. These divergence happens all the time with Trix without her being firing off a divergence signal line. Please also check out Cashmere's scalping method and the 'subliminal message' of Cobra about "trend lines"; we NEED the trend lines in scalping the 1-min and divergence play.
The second chart is just a throw in as an example. Take care.
Have a good one
Jeff
please.. note this.. tp 10 pips sl 15..
4 trades, 4 loss..
what do you think?
i enter on a top an sall on a low..
i think using it at the counter is better
~*~You are only one trade away from humility~*~
- #10,307
- May 5, 2009 10:00am May 5, 2009 10:00am
- Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts
- #10,308
- May 5, 2009 10:13am May 5, 2009 10:13am
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
Hi Folks
I just want to say hello and confirm that I'm still here and trading.
Ecuador (where I'm living) got visited of the crisis now and I have to take care a little bit more than usual of my companies.
That's what keeps me very busy but I see that everything is doing fine here.
Special thanks to SpecialEd and BeachBum for their contribution about trading on higher TF's, very interesting. I will add some links on the first page to that infos when I have the time.
Have a great day/night all
I just want to say hello and confirm that I'm still here and trading.
Ecuador (where I'm living) got visited of the crisis now and I have to take care a little bit more than usual of my companies.
That's what keeps me very busy but I see that everything is doing fine here.
Special thanks to SpecialEd and BeachBum for their contribution about trading on higher TF's, very interesting. I will add some links on the first page to that infos when I have the time.
Have a great day/night all
- #10,310
- May 5, 2009 10:20am May 5, 2009 10:20am
Hang in there Cobra, it's tough all around out there. You take care
Have a good one
Jeff
Have a good one
Jeff
Hi Folks
I just want to say hello and confirm that I'm still here and trading.
Ecuador (where I'm living) got visited of the crisis now and I have to take care a little bit more than usual of my companies.
That's what keeps me very busy but I see that everything is doing fine here.
Special thanks to SpecialEd and BeachBum for their contribution about trading on higher TF's, very interesting. I will add some links on the first page to that infos when I have the time.
Have a great day/night all
~*~You are only one trade away from humility~*~
- #10,311
- May 5, 2009 10:30am May 5, 2009 10:30am
- | Joined Jan 2008 | Status: a small step to the future | 560 Posts
Hi Folks
I just want to say hello and confirm that I'm still here and trading.
Ecuador (where I'm living) got visited of the crisis now and I have to take care a little bit more than usual of my companies.
That's what keeps me very busy but I see that everything is doing fine here.
Hope you and your family are in His gracious care
.
Manage your risk accordingly and you're half done your home work.
- #10,315
- May 5, 2009 11:05am May 5, 2009 11:05am
Shouldn't be too tricky, something like, "at close of current timeframe bar, display other TF's instantly and fixed, not when the higher TF's close", but hey, I'm no programmer
Good point, even on closed candle sometimes in big moves it repaints itself for the previous 2-3 bars
- #10,318
- May 5, 2009 11:30am May 5, 2009 11:30am
- | Joined Apr 2009 | Status: Trader | 3,351 Posts
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