9 pips is hella powerfull account is snowballing, i have to resist withdraw temptation
Invest in alarm clocks
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DislikedMissed GU trade at London open, was explosive move up. But pocketed 40 pips on yens price action last night, lets go party!Ignored
DislikedIs this 8-10pips candle works with M1 timeframe also?
or should i use bigger pips on M1?Ignored
Dislikedhi, normally m1 is 12 times bigger than 5s... but even if you were looking for a 120 pip M1 candle (12x 10 pip)... it wouldn't make sense... because we are looking for pure instant price action... we are looking for an entry RIGHT AFTER a huge 5 sec candle... (bank entry) with minimal stop-loss this is trading the present... m1 is pastIgnored
DislikedWhich brokers besides Oanda can you recommend with a 5 sec chart ?
Do you know of any MT4 broker with a 5 sec chart ?Ignored
DislikedI dont see how any indicator you'll throw up here will improve the method. the method is simple but patience is required. You see the price explode, you hop on that freight train. Simple as that, no need for any indicator.Ignored
DislikedWhich brokers besides Oanda can you recommend with a 5 sec chart ?
Do you know of any MT4 broker with a 5 sec chart ?Ignored
Dislikedhi tony i have been looking at your system can you say whether or not your system will work during the japanees and australian open?Ignored
DislikedTony, thanks for the time and effort in this thread gave me a new spin or angle on watching price. i have put a lot of time in watching PA both bare and with rainbow all with only mild success. your take on large 5 sec break out brings it all together. i would recommend anyone serious about trading this way read up on Linuxtroll's treads on the rainbow mult-moving avg.s. Together and as always with screen time it can all come full circle making anyone with diligence a better trader.
thanks again helped put a nice feather in my cap.Ignored
DislikedI dont see how any indicator you'll throw up here will improve the method. the method is simple but patience is required. You see the price explode, you hop on that freight train. Simple as that, no need for any indicator. It's the one of the best things you can possibly learn about trading is pure price action - what is price telling you right now? Then you trade what you see. Do it over and over and over - you'll gain proficiency.
Otherwise for those so keen on indys - i got treat for you. Take a look. Tell me what is price doing?Ignored
DislikedYou made me laugh my Darkness.... No disrespect to all other traders working on complicated systems which definitely work very well too!!!$$... but I believe the simplest things in life are working the best and are very often the finest.... let's not change a winner formula...Ignored
DislikedHi, Never really posted on here, great thread!
Thanks for sharing...Im actually awake watching like a hawk! Anyone else awake watching the GBPUSD and EURUSD?
OzIgnored
Dislikedhi, normally m1 is 12 times bigger than 5s... but even if you were looking for a 120 pip M1 candle (12x 10 pip)... it wouldn't make sense... because we are looking for pure instant price action... we are looking for an entry RIGHT AFTER a huge 5 sec candle... (bank entry) with minimal stop-loss this is trading the present... m1 is pastIgnored