ok Ive sat aside all day lols..loads and loads of posts here..
The trade I posted very early this morning on GBPJPY was stopped out for 53 pips by the very effective sliding stopped on TM
For me to go short again I need a blue bar on my 5min TM followed at some point by a red bar..if the 15 and or 30 is red THATS my entry...not a break down through a red TM line.
To go long I need 15 and or 30 blue..then 5min goes blue thats my entry.
So as per my rules today I have had 1 signal none other on this swap
As for reentering the trend if your stopped out and or going in on what looks like a reinforcement signal be very wary...
Since the Asian has stopped we have had 1 down trend and 1 up trend dont get carried away with not selecting the correct format of signals I guarantee if Tuesday is choppy you will lose on re entering and lose on taking reinforcement signals...
As for indexes I trade for 5 years
YM,ES,NQ,FTSE,DAX ,German Bund on various charting packages including
Future Source,IRT,Sierra,Trade Station,Esignal
I have also used trade execution software such as..
Auto Trader,Ninja and Button trader
I have also traded Options on UK equities and the Ftse future,and US stocks intra day.
I have also used Finspreads,CMC,capital spreads
I moved to Forex 2 years ago becuse the volatilty of the above mentioned indexes was getting very very low.
Conservitive trading is a winner Ive had 1 signal i wont go looking for another utill it runs past my nose..same tactic as ' The lion in the long grass'
The trade I posted very early this morning on GBPJPY was stopped out for 53 pips by the very effective sliding stopped on TM
For me to go short again I need a blue bar on my 5min TM followed at some point by a red bar..if the 15 and or 30 is red THATS my entry...not a break down through a red TM line.
To go long I need 15 and or 30 blue..then 5min goes blue thats my entry.
So as per my rules today I have had 1 signal none other on this swap
As for reentering the trend if your stopped out and or going in on what looks like a reinforcement signal be very wary...
Since the Asian has stopped we have had 1 down trend and 1 up trend dont get carried away with not selecting the correct format of signals I guarantee if Tuesday is choppy you will lose on re entering and lose on taking reinforcement signals...
As for indexes I trade for 5 years
YM,ES,NQ,FTSE,DAX ,German Bund on various charting packages including
Future Source,IRT,Sierra,Trade Station,Esignal
I have also used trade execution software such as..
Auto Trader,Ninja and Button trader
I have also traded Options on UK equities and the Ftse future,and US stocks intra day.
I have also used Finspreads,CMC,capital spreads
I moved to Forex 2 years ago becuse the volatilty of the above mentioned indexes was getting very very low.
Conservitive trading is a winner Ive had 1 signal i wont go looking for another utill it runs past my nose..same tactic as ' The lion in the long grass'
