Firstly I would like congratulate you on your success Tony!
..and for sharing your splendid ideas!
Some questions though,
Between which times are you trading and which times would you consider more important than others in terms of volatility in "our" direction?
Also, if i understand your strategy correct,
when a strong (almost full body) 7-10 pip candle closes in the 5 sec chart and the next candle is heading the same way,
does this next candle have to be larger than the first candle for you to enter or do you usually wait a few candles unless candle #2 is exploding with energy?
Meaning, you wouldn't enter if the second candle would close full body at say, 2-3 pips?
..but that you would enter if there was a constant high of 2-3 pips in the, for example, 3 next candles?
*edit* Also, being curious , approx how many green pips do you make per week?
Do you have a daily pip goal set?
With kind regards,
Jesper
..and for sharing your splendid ideas!
Some questions though,
Between which times are you trading and which times would you consider more important than others in terms of volatility in "our" direction?
Also, if i understand your strategy correct,
when a strong (almost full body) 7-10 pip candle closes in the 5 sec chart and the next candle is heading the same way,
does this next candle have to be larger than the first candle for you to enter or do you usually wait a few candles unless candle #2 is exploding with energy?
Meaning, you wouldn't enter if the second candle would close full body at say, 2-3 pips?
..but that you would enter if there was a constant high of 2-3 pips in the, for example, 3 next candles?
*edit* Also, being curious , approx how many green pips do you make per week?
Do you have a daily pip goal set?
With kind regards,
Jesper