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Mrs V's fave 1 min entry

  • #141
  • May 26, 2009 5:04am May 26, 2009 5:04am
And by way of comparison. EJ has a lower high on 5 min as highlighted, rsi and stoch crossed only macd to turn red so seems OK set up.

On 1 min the full red line shows the close of 5 min candle. The next signal highlighted fails almost immediately. In view of the angle up on 1 min 34 ema wouldn't have considered this for a trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej 5 min.gif Size: 19 KB
Click to Enlarge Name: ej 1 min.gif Size: 21 KB
  • #142
  • May 26, 2009 5:14am May 26, 2009 5:14am
Yes, tricky time on the EJ atm. The low-close doji off the 132.00 helped identify lower high. entered 2 bars later with the very handy traffic lights confirming, to scrape out a few pips.

Hammer around 131.50 shows buyers, so at that point we are looking at a range until price negates that view.

Good hunting V on EU trade. I was a few steps behind and was a bit too late.

regards to Mrs. V.

Cheers, Ned
Attached Image (click to enlarge)
Click to Enlarge Name: v 5min.gif Size: 18 KB
  • #143
  • May 26, 2009 5:16am May 26, 2009 5:16am
Quoting Royston
Try this, Ned. As ever, run with the original version for a bit to make sure it is giving signals where you expect them.
Thanks very much Royston, it works perfectly. Your effort is very much appreciated.

Cheers, Ned
  • #144
  • May 26, 2009 5:33am May 26, 2009 5:33am
Quoting Nedify
Yes, tricky time on the EJ atm. The low-close doji off the 132.00 helped identify lower high. entered 2 bars later with the very handy traffic lights confirming, to scrape out a few pips.

Hammer around 131.50 shows buyers, so at that point we are looking at a range until price negates that view.

Good hunting V on EU trade. I was a few steps behind and was a bit too late.

regards to Mrs. V.

Cheers, Ned
You got a few pips, market wasn't giving much else, so well done.
  • #145
  • May 26, 2009 5:34am May 26, 2009 5:34am
Quoting Nedify
Thanks very much Royston, it works perfectly. Your effort is very much appreciated.

Cheers, Ned
Nedify just wondering what ema's you're using?
  • #146
  • May 26, 2009 6:09am May 26, 2009 6:09am
Quoting Vantage
Nedify just wondering what ema's you're using?
V, that's a 20 ema on the 5m chart, have set traffic lights to use 20 also (thanks Royston).
Use 3-shift 5 ema on 1m as per your intructions
  • #147
  • May 26, 2009 6:16am May 26, 2009 6:16am
Quoting Nedify
V, that's a 20 ema on the 5m chart, have set traffic lights to use 20 also (thanks Royston).
Use 3-shift 5 ema on 1m as per your intructions
Thanks.
  • #148
  • May 26, 2009 11:14am May 26, 2009 11:14am
Mr. and Mrs. Vantage:
Thank you for a really nice setup. I like using price action confirms: price swings and candle patterns. the 1m entry seems brilliant. Have made 4 winning and 1 losing trade while overtrading today.

The chat is confusing since it discusses alot of different trading ideas.

Many thanks,

Steve
  • #149
  • May 27, 2009 1:02am May 27, 2009 1:02am
Quoting stevewide
Mr. and Mrs. Vantage:
Thank you for a really nice setup. I like using price action confirms: price swings and candle patterns. the 1m entry seems brilliant. Have made 4 winning and 1 losing trade while overtrading today.

The chat is confusing since it discusses alot of different trading ideas.

Many thanks,

Steve
Hi Steve
Very happy to hear about your successful day, 4 to 1 winners sounds really good to me. Whilst there may be the odd day when these numbers turn around my experience is stick to the rules and 4/1 winners is about right.

Unfortunately I don't go into the chat anymore (as much as I'd like to) as I get moved away from areas I need to focus on, try other things, often getting vsa and my own system wrong. A classic 'stick to what works for you' situation.

Again very well done and I hope system continues like this for you.
  • #150
  • May 27, 2009 2:26am May 27, 2009 2:26am
Hi V.
On the 5 min EJ chart there was a Double Bottom just as London opened. Do you ever look for a 1 min Mrs V entry after such a pattern? To me it would seem a good strategy, but would appreciate your thoughts. Thanks.
  • #151
  • Edited 3:53am May 27, 2009 2:40am | Edited 3:53am
Quoting orientos
Hi V.
On the 5 min EJ chart there was a Double Bottom just as London opened. Do you ever look for a 1 min Mrs V entry after such a pattern? To me it would seem a good strategy, but would appreciate your thoughts. Thanks.
Hi Orientos
I'm usually not a 1 candle trader. So if price hits a key level and just runs the other way in most cases thats a trade where I'll miss out.

Like a hl/lh trade (which is not a single candle move) we most definitely will look to trade dble bottoms/tops. See the ej DB with a doji.

Also we look at trading lower lows with divergence as per eu 5 min. Price falls lower to M R 2 but rsi and stoch waving higher.

As these trades will probably not have the 1 min ema turning around we don't post here. They are high prob trades especially where turning from key areas (pivots, even numbers, supp/res areas).

In these cases looking to buy we might wait for a positive green candle close and then look for entry.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej 5 min.gif Size: 16 KB
Click to Enlarge Name: eu 5 min.gif Size: 16 KB
  • #152
  • May 27, 2009 2:53am May 27, 2009 2:53am
Quoting orientos
Hi V.
On the 5 min EJ chart there was a Double Bottom just as London opened. Do you ever look for a 1 min Mrs V entry after such a pattern? To me it would seem a good strategy, but would appreciate your thoughts. Thanks.
A little more, have a look at http://www.candlesticker.com/ sometimes we might wait for a positive close candle. As you'll see a hammer for example they say is low reliability but with a positive close candle after it it becomes a morning star pattern and high reliability for reversal.

I however love hammers at the end of a run, just using as an example. Its the positive close candle that can be the confirmation of a high prob turn.
  • #153
  • May 27, 2009 3:15am May 27, 2009 3:15am
Quoting Vantage
Hi Steve
Very happy to hear about your successful day, 4 to 1 winners sounds really good to me. Whilst there may be the odd day when these numbers turn around my experience is stick to the rules and 4/1 winners is about right.

Unfortunately I don't go into the chat anymore (as much as I'd like to) as I get moved away from areas I need to focus on, try other things, often getting vsa and my own system wrong. A classic 'stick to what works for you' situation.
I'm with you on this V.....too much distraction - pity, 'cause I too enjoyed...
[color=blue]I've posted some nice trades in the physc thread....but I guess you've already found them http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #154
  • May 27, 2009 3:21am May 27, 2009 3:21am
Quoting Islander
[color=blue]I've posted some nice trades in the physc thread....but I guess you've already found them http://www.forexfactory.com/images/icons/icon12.gif
Nice to see you popping in again. Yes lots of opportunities this morning, see the thread Islander refers to http://www.forexfactory.com/showthre...50#post2759050 wheres theres lots of good trading posted.
  • #155
  • May 27, 2009 3:24am May 27, 2009 3:24am
Will post some charts shortly. I'm getting into holiday mode, going to Crystal Springs Mountain lodge on Fri http://www.crystalsprings.co.za/CSS/css.htm one of the more beautiful places to visit. I will be out all afternoon tomorrow and have lots of things to do before we go so if post UK news falls flat I'll be done.
  • #156
  • May 27, 2009 3:40am May 27, 2009 3:40am
After a nice 5 min lower high ej gave two good signals.

GU also gave a nice signal.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej 1 min.gif Size: 20 KB
Click to Enlarge Name: gu 1 min.gif Size: 19 KB
  • #157
  • May 27, 2009 3:41am May 27, 2009 3:41am
But our trades were on eu perfect lh on 5 min and trade followed through almost immediately. Then a nice hl.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 5 min.gif Size: 16 KB
Click to Enlarge Name: eu 1 min.gif Size: 19 KB
Click to Enlarge Name: eu 1 min 2.gif Size: 21 KB
  • #158
  • May 27, 2009 3:43am May 27, 2009 3:43am
Thanks for your comments - I'll have to do a little more candlestick study.

Mrs V need anyone to carry her bags to Crystal Springs? Have a good break.
  • #159
  • May 27, 2009 3:50am May 27, 2009 3:50am
Quoting orientos
Thanks for your comments - I'll have to do a little more candlestick study.

Mrs V need anyone to carry her bags to Crystal Springs? Have a good break.
Thanks will do. Should be in tomorrow though.
  • #160
  • May 27, 2009 6:42am May 27, 2009 6:42am
just to show how easy this method is I'm posting my trade when I started today; at 5:50am EDT Gu made a new closed candle 5m higher low with 1h candle above 20ema.

1m 5sma crossed, 34ema sloped up, green candle, traffic light full long signal, volume green.

My only hesitation was the run had already moved alot during London session having 3 green 1h candles in a row...a reversal should be coming soon but no 1h reversal candle pattern seen as yet. I didn't see any divergence against the trade and rsi continued to rise and was not in oberbought zone yet.

It paid 25 pips from my entry. I got 15 by moving stoploss tighter as 1m rsi approached overbought area at 80 and macd had a slight divergence. In hindsight it would have been better to take first 25 pips and not try to hit a homerun as there are plenty of opportunities.

I'm adjusting to this method well and hope others notice it.

The 1h trend, 5m HL, LH (like Harold teaches so well in Key to the Mint), and 1m entry are a brilliant combination to get many trading signals. I'm just learning but wanted to post to see if others are using this method successfully.

Steve
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-05-27 gu long.gif Size: 44 KB
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