why use two different systems ? (newbie question)
1.6360 is yesterday's high .. has solid goldenrod ... and the lower 1.5985 is the low for yesterday ....
Stops of 30 are not realistic ... go smaller lots .. the market is volatile now coz of the swift uptrend ... hence, minor corrections are inevitable every now and then.
Most important ... keep in mind the projections for the day
... they are your passport to making it successfully today ... especially if scalping like me.. for long range traders .. i bet they are having a blast and interludes aren't shaking them ...
I personally manage a big a/c and use no SL coz I have an objective view of the mkts and don't like SL hunting via spikes .. i can stomach moderate draw downs ...
So, don't loose perspective, during down turns, reference the immediate blue shi-indi for a possible reverse ....
Stops of 30 are not realistic ... go smaller lots .. the market is volatile now coz of the swift uptrend ... hence, minor corrections are inevitable every now and then.
Most important ... keep in mind the projections for the day
... they are your passport to making it successfully today ... especially if scalping like me.. for long range traders .. i bet they are having a blast and interludes aren't shaking them ... I personally manage a big a/c and use no SL coz I have an objective view of the mkts and don't like SL hunting via spikes .. i can stomach moderate draw downs ...
So, don't loose perspective, during down turns, reference the immediate blue shi-indi for a possible reverse ....
"I am convinced that He (God) does not play dice." - Albert Einstein
- #93
- Jun 10, 2009 5:41am Jun 10, 2009 5:41am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hope guys are shedding off some weight from draw downs.... This opportunities don't present themselves every other time ... plus am not comfortable with the Tf you guys are using ...
Ams. coral is a lagging indicator, but never the less extremely powerful .... but considering the volatility now, you should scalp small lots from the m15 Tf. but you can still scalp if you want to so long as the h4 candle shadow is in agreement with the direction you scalp .... but aim smaller TP .... but be cautious not to be caught pants down ...
I am scalping uptrend only .... just waiting for yellow arrow to scalp south ....
and yes tracom, just as shown on your charts .. yellow arrow points south but with volatility ... the Tf is wanting ...
Ams. coral is a lagging indicator, but never the less extremely powerful .... but considering the volatility now, you should scalp small lots from the m15 Tf. but you can still scalp if you want to so long as the h4 candle shadow is in agreement with the direction you scalp .... but aim smaller TP .... but be cautious not to be caught pants down ...
I am scalping uptrend only .... just waiting for yellow arrow to scalp south ....
and yes tracom, just as shown on your charts .. yellow arrow points south but with volatility ... the Tf is wanting ...
"I am convinced that He (God) does not play dice." - Albert Einstein
- #99
- Jun 10, 2009 6:06am Jun 10, 2009 6:06am
One thing I like about this template POP is that the moves appear to be easy to spot, I dont know, maybe its just me. I think with time I will feel real comfortable with this.
well I'm off to the gym for about 2hrs, see ya later.
well I'm off to the gym for about 2hrs, see ya later.
- #100
- Jun 10, 2009 6:08am Jun 10, 2009 6:08am
..
Ok. but at the m5, enter only when the yellow arrow points down and the blue hollow arrow points up. Exit when shi -red/blue dot shows and catch some air .. this way, you will evade draw downs ...