Mrs V's fave 1 min entry | Page 12 | Forex Factory

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Mrs V's fave 1 min entry

  • #221
  • Jun 10, 2009 4:56am Jun 10, 2009 4:56am
The 6300 area acted as great support and gave plentry of opportunities before the Frankfurt Open to take long positions. Later, before the London Open the lower high was a good entry for a 50+ pip drop.....

Here, the faster MA is a Hull 50 and the slower aqua a 125 EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: jne 10 cable 1m 0800.gif Size: 17 KB
Attached File(s)
File Type: ex4 HMA Modified.ex4   7 KB | 253 downloads
Trading Levels with WRBs
  • #222
  • Jun 10, 2009 8:30am Jun 10, 2009 8:30am
Quoting Islander
The 6300 area acted as great support and gave plentry of opportunities before the Frankfurt Open to take long positions. Later, before the London Open the lower high was a good entry for a 50+ pip drop.....

Here, the faster MA is a Hull 50 and the slower aqua a 125 EMA.
Trading higher lows and lower highs I love. The simplicity of your charts using round/half numbers and the 72/25 levels just boggles my brain!!

Great trading as usual, damn looks like I'm getting up earlier from here.

Thanks for HMA will play around a little.
  • #223
  • Jun 11, 2009 2:08am Jun 11, 2009 2:08am
GM - a choppy Frankies Hour with price trading in a 50 pip range, both sides of the aqua ema.

Today it was best to take hit and run trades for 15 - 20 pips, rather than looking for the longer moves that we have had recently.....isnt hindesight a wonderful thing.....http://www.forexfactory.com/images/icons/icon11.gif

The 5 min chart had plenty on long wicks both above and below, confirming the indecision and the volumes were low too....
Attached Image (click to enlarge)
Click to Enlarge Name: jne 11 cable 1m 0900.gif Size: 17 KB
Trading Levels with WRBs
  • #224
  • Jun 11, 2009 2:16am Jun 11, 2009 2:16am
I haven't traded today due to those long wicks on G/U 5 min chart. They just make me feel very uncomfortable about trusting price action.

Also, lots of wicks on E/U, which is very unusual.
  • #225
  • Jun 11, 2009 2:40am Jun 11, 2009 2:40am
Quoting orientos
I haven't traded today due to those long wicks on G/U 5 min chart. They just make me feel very uncomfortable about trusting price action.

Also, lots of wicks on E/U, which is very unusual.
Its often better to stay out - or reduce your trade size.

The last buy on the chart that I posted stopped at the 6400 level, which was then retested thus giving a Sell signal. As this had only managed a 50% rally, I expected it to break down and make new lows......but it didnt, so I then bought again and continued taking small profits quickly.....now flat with price again stalled at the 6400 level......
Trading Levels with WRBs
  • #226
  • Jun 11, 2009 3:24am Jun 11, 2009 3:24am
Quoting Islander
GM - a choppy Frankies Hour with price trading in a 50 pip range, both sides of the aqua ema.

Today it was best to take hit and run trades for 15 - 20 pips, rather than looking for the longer moves that we have had recently.....isnt hindesight a wonderful thing.....http://www.forexfactory.com/images/icons/icon11.gif

The 5 min chart had plenty on long wicks both above and below, confirming the indecision and the volumes were low too....
Mrs V is warming more and more to FH trades. Two lovely hammers (at key levels our fave candle) gave signals. Entries 1 pip above/below candle.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 5 min.gif Size: 18 KB
  • #227
  • Jun 11, 2009 3:32am Jun 11, 2009 3:32am
Quoting orientos
I haven't traded today due to those long wicks on G/U 5 min chart. They just make me feel very uncomfortable about trusting price action.

Also, lots of wicks on E/U, which is very unusual.
There was 1 set up we liked on 1 min system this am, ej.

After a lot of wicks the solid close candle confirmed a lower high, we were lucky enough to be watching and waiting for a good close candle (as opposed to another small body large range spinning top type candle). If we said once we said 20 times if it closes at bottom we're on.

So if there are lots of wicks we're waiting for that 5 min engulfing/outside bar candle which is a pretty good signal for us that the chop is over.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej 5 min.gif Size: 17 KB
Click to Enlarge Name: ej 1 min.gif Size: 21 KB
  • #228
  • Jun 11, 2009 3:38am Jun 11, 2009 3:38am
Islander perhaps we should have a Frankies hour, higher low/lower high 5 min chart, 1 min entry, trade hammers thread? But what a long name.
  • #229
  • Jun 11, 2009 4:13am Jun 11, 2009 4:13am
V - thanks for your comments in #227. In future I'll be watching for this type of entry situation. Dinner time for me, and so no trade tonight. No pips, but no loss either.
  • #230
  • Jun 11, 2009 4:17am Jun 11, 2009 4:17am
Quoting Vantage
Islander perhaps we should have a Frankies hour, higher low/lower high 5 min chart, 1 min entry, trade hammers thread? But what a long name.
LOL - I recon that we already have this with the two threads that we both follow....
Trading Levels with WRBs
  • #231
  • Jun 11, 2009 4:23am Jun 11, 2009 4:23am
Two great signals.....the first was the last higher low just above the green support zone and the second was how the purple resistance zone then acted as support in the pull back from the 6450 level.....
Attached Image (click to enlarge)
Click to Enlarge Name: jne 11 cable 1m 1100.gif Size: 17 KB
Trading Levels with WRBs
  • #232
  • Jun 11, 2009 4:38am Jun 11, 2009 4:38am
Morning all,

Pictures of some fantastic places V's, hope you had a great time. And many thanks to Islander for posting such uplifting descriptions of price action, worth there weight in gold.

I was looking for a trailing stop indicator, and found one here,
http://codebase.mql4.com/601
built by Metatrader itself. In the end, you realise you don't need the lines cluttering the charts up, you just need to know what value the stop line is. So, I have adapted it slightly to show me the numbers in the top corner. Then, by changing the line colours to None, you can keep the number visible. Much cleaner... (and you know I can't be doing with all that fiddling about doing the cursor/mouse thing trying to read values)...
Attached File(s)
File Type: mq4 NTR_ATR_STOP_roy_01.mq4   6 KB | 255 downloads
  • #233
  • Jun 11, 2009 4:48am Jun 11, 2009 4:48am
Quoting Islander
Two great signals.....the first was the last higher low just above the green support zone and the second was how the purple resistance zone then acted as support in the pull back from the 6450 level.....
price pulled back to the purple resistance now = support zone and the aqua ema, so I took another buy and am out for + 14 as I'm going out......BFN...http://www.forexfactory.com/images/icons/icon6.gif
Trading Levels with WRBs
  • #234
  • Jun 11, 2009 6:05am Jun 11, 2009 6:05am
Quoting Royston
Morning all,

Pictures of some fantastic places V's, hope you had a great time. And many thanks to Islander for posting such uplifting descriptions of price action, worth there weight in gold.

I was looking for a trailing stop indicator, and found one here,
http://codebase.mql4.com/601
built by Metatrader itself. In the end, you realise you don't need the lines cluttering the charts up, you just need to know what value the stop line is. So, I have adapted it slightly to show me the numbers in the top corner. Then, by changing the...
Hi Royston - thanks for the indy.....it might be another way to keep in trades....and I'm also wondering about using it for taking partial profits - say +/- 40 on the level might get you out in a sudden spike as price gets over-extended......
Trading Levels with WRBs
  • #235
  • Jun 11, 2009 9:38am Jun 11, 2009 9:38am
Quoting Islander
Two great signals.....the first was the last higher low just above the green support zone and the second was how the purple resistance zone then acted as support in the pull back from the 6450 level.....
Very nice gu.
  • #236
  • Jun 11, 2009 9:38am Jun 11, 2009 9:38am
Quoting Royston
Morning all,

Pictures of some fantastic places V's, hope you had a great time. And many thanks to Islander for posting such uplifting descriptions of price action, worth there weight in gold.

I was looking for a trailing stop indicator, and found one here,
http://codebase.mql4.com/601
built by Metatrader itself. In the end, you realise you don't need the lines cluttering the charts up, you just need to know what value the stop line is. So, I have adapted it slightly to show me the numbers in the top corner. Then, by changing the...
Thanks Royston I'll have a look.
  • #237
  • Jun 12, 2009 2:47am Jun 12, 2009 2:47am
From the eurgbp trend magic thread will put this in for consideration, possible use as a stop loss level. I'd still take some partial profits along the way.

I've made 0 lime and 1 red. 2 and 3 black.
Attached File(s)
File Type: ex4 Trend Magic.ex4   3 KB | 279 downloads
  • #238
  • Jun 12, 2009 3:12am Jun 12, 2009 3:12am
I noticed yesterday that Royston's indicator pretty much paralleled Trend Magic, although not as tight.
  • #239
  • Jun 13, 2009 5:44am Jun 13, 2009 5:44am
Trend magic not the answer I don't think. You could just as easily put on the HAMA indi (which is just a 21 ema coloured for up and down) or an 8 ema as hercs suggested on the first page.

Sorry hercs ended up being a very good suggestion, thanks.
Attached File(s)
File Type: mq4 HAMA.mq4   4 KB | 316 downloads
  • #240
  • Jun 15, 2009 2:54am Jun 15, 2009 2:54am
An interesting morning so far we've sold gu at 1.6345, eu 1.3898, ej 136.81 and a re-entry on gu 1.6325.

Internet connection going haywire so I might be out of trading for a bit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu 1 min.gif Size: 12 KB
Click to Enlarge Name: eu 1 min.gif Size: 11 KB
Click to Enlarge Name: ej 1 min.gif Size: 10 KB
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