Uchf short after breaks psycho 50 and retrace.
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DislikedHello Vantage,
I normally don`t trade these extremely lower timeframes, but your setup looks very interesting.
Is there a post# where you explain your scalp indic. and setup ? Starting out now tentatively in shortterm trading, this might be helpful....
Or thanks for any suggestion.Ignored
DislikedIts a Hull HMA period 24. As for using it search Islanders numerous posts here.
NB best trades reaction to levels, in particular again look at Islanders posts.
For those trades yesterday we had a negative close the day before, a lower close on 4 hr and negative 1 hr candles. So I was happy trend down and prepared to sell any pullbacks and take profits if the support areas held. Only needed one of supports to fail and next stop for gbp was way lower.
So as mentioned trade with trend (until you have reason not to) and use 1 min Hull to trade...Ignored
DislikedSold again for the third time - a Lower High - in this resistance area around last week's high / MR3 / 6125 level - tight stop and looking for around 20 pips untill the 5 min 30 ema rolls over......as has already happened in Swissy.....
LOL - third time unlucky - stop hit....Ignored
As we had exited the last sell couldn't set up for last 1 min buy see blue arrow and Mrs V didn't want to hear of a break out buy above 6130.
If such a key level has such a small reaction then the main trend (in this case up) isn't finished (in my experience).
DislikedLong EJ here, after price breaks R1and psycho 00 and retrace.
Another textbook tradeIgnored
DislikedHello, Islander!
Can I ask what it means on this TF in pips tight stop? Please sign You mean the SL with or without spread.
THX in advance, NLIgnored
DislikedNot been posting this last week 'cos of various problems at home, but I had an early start this morning, so thought I'd post this one that I grabbed just after the LO.
Admittedly, it's a contratrend trade, but price is ABOVE the Main Pivot line, so I thought I'd give it a go. Entry and exit as shown.....all pretty straightforward. The MA is a 30ema - a la Islander!!Ignored