how are you suppose to react when MT4 spikes, blacks out, takes out your shorts then moves 60 pips south???
I.E.
mmmm, edit 110 pips.
I.E.
mmmm, edit 110 pips.
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DislikedCandlestick patterns on tf 5min have a very low power....pay attention!Ignored
DislikedI reffered to single candlestick patterns (HArami, Shooting, hanging...)...not price patterns (flags, pennant, H&S).... they are 2 different things!!!!
Second ones are very useful on every TF!!!
Candlestick patters are expression of sentiment of trader but on 5min...it's too short TF to be comfortable!
Anyway happy pips to everybody...Ignored
DislikedI reffered to single candlestick patterns (HArami, Shooting, hanging...)...not price patterns (flags, pennant, H&S).... they are 2 different things!!!!
Second ones are very useful on every TF!!!
Candlestick patters are expression of sentiment of trader but on 5min...it's too short TF to be comfortable!
Anyway happy pips to everybody...Ignored
DislikedI have been trading with the daily, weekly and monthly pivots and mid pivots as well as 0000 and 0050 levels for quite some time now, but off the 1m chart in conjunction with parts of the THV system. Many times I have seen a trade I like but did not take because the thv did not trigger an entry, only to watch price do what I thought it was going to. This next month I am getting rid of all the indicators, moving up to the 5m charts and attempting to trade indicator free again.
JJIgnored
Dislikedhow are you suppose to react when MT4 spikes, blacks out, takes out your shorts then moves 60 pips south???
I.E.
mmmm, edit 110 pips.Ignored
DislikedI have been trading with the daily, weekly and monthly pivots and mid pivots as well as 0000 and 0050 levels for quite some time now, but off the 1m chart in conjunction with parts of the THV system. Many times I have seen a trade I like but did not take because the thv did not trigger an entry, only to watch price do what I thought it was going to. This next month I am getting rid of all the indicators, moving up to the 5m charts and attempting to trade indicator free again.
JJIgnored
DislikedHa ha! This thread and it's continuing success is proof that they work just fine!!Ignored
DislikedGM all - plenty of clear sell signals in the 2 hours before FO, with yesterdays low getting broken 45 mins before it. This drop has so far been ~70 pips, halting at the 385 level - not one that I often use, but cable does seem to like it.....I got 15 pips off the first bounce and am now watching to see if it holds again.....smaller sized trades as they're against the trend....I'm hoping for a bounce back up to yesterdays low - the 6420 area to consider more shorts - subject to PA.....Ignored
DislikedI took the buy - a graveyard doji on the 1 min plus a long wicked hammer on € convinced me - TP in the resistance area - a great confluence yesterdays low, the 425 level, 50% retrace and 5m 30 ema.....that's a "Grail Entry"........so I reversed and I've now taken partials at the 400 level and stop to BE+10 on the remainder.......http://www.forexfactory.com/images/icons/icon6.gifIgnored
DislikedMy stop was hit for +10 as the 6400 level held, making it a HL......2 more HLs since then providing nice hit and run entries for an easy ~20 pips a go and I also took a sell in the 440 /450 resistance area.
The 6400 area was ~the 61% retrace of the last 5 days range so IF the resistance area breaks, the fibos from yesterdays fall give the Decision Zone around the 6500 to 6600 area.....I'm long from the last HL
UK Mfg PMI due in an hour at 4:30 edt / 8:30 gmtIgnored