1 min Scalping with Randy Candles Resurrected

Distracted and made a poor decision on this one...poor time of day, not paying attention to the spread and just not a good setup. Time to get something to eat...no point in only posting winners....
Cheers
CanuckCT

Had a take profit on this one....missed it by 10 pips...should have been been the pivot. Just closed for +50.
Cheers
CanuckCT

I was looking back at my notes.....and just realized I've had the same RC setup for almost a year now, not always in the forefront....but it's always been there as a reference.

I had to post that....the point being if you find something that works for you...whatever it is....stop tweeking the damn thing and just trade it.

Cheers
CanuckCT

I appreciate your posts and recent efforts here.

Thanks again,
revrobwimb

Thanks man,

No agenda here...just think it's a worthwhile discussion and trading style.

It's just hard to generate any discussion, and that's fine.

...it doesn't have anything fancy to discuss....and the naked chart...well the alerts pop at you..once you get that, there's not much else. I do like the boring nature of it...lol.

Was thinking I would add RSI for divergence...but I'm resisting as that adds something else to focus on besides price....and that is precisely what I'm trying to avoid...but everyone does have their own flavour of these things.

I also watch several pairs (for correlation purposes)....and S&P Futures and the Dow (will decide to keep one but not both) and H1, H4 for each pair. That's enough to make a dollar, IMHO.

If I enter a longer timeframe trade....it usually starts with RC.

I'm liking the M5 entry as is.

Cheers
CanuckCT

Got to BE...stalled at 1.64, so took profits.

+4. Using Demark Trendline w/ auto adjusting take lines.

Caught a nice Zorro


CanuckCT
...it doesn't have anything fancy to discuss....and the naked chart...well the alerts pop at you..once you get that, there's not much else. I do like the boring nature of it...lol.

you are so right

Grabbed a nice chilli at the bottom of the trend

CanuckCT
You have been trading RC at higher levels or just watching to confirm

This bad boy has taken off

Time to jump ship
Price pierces H4 line
Reached high for the last hour(light blue line)
Getting chicken lol

waiting for Zorro and the drop

Here it the alert followed by the entry candle
let's rid her down hopefully to the yellow line

Getting burned on that one still hangin one hope for more drop

Well lost on that one
can't win them all
It looked prefect

Sold after touch of weekly R1....thinking I'd get to at least BE on a test of 150....at BE now....will see

I am trading on M5...M1 is a bit fast...but I do consider it sometimes.

Cheers
CanuckCT



EDIT - due to the battle at 150.00...closed, +18.

Been reviewing some of the material on this....and some suggest to use two timeframes....here is one I took earlier.
Cheers
CanuckCT

So is there any point to discussing whether a two timeframe combination is useful...M1 or M2 and M5.....or M5 and say M10 or M15?

Cheers
CanuckCT

I haven't traded this system though I've thrown it up on the screen occasionally to see what I can see. That said, I do usually have a peek at the higher time frames to see where things are going and where support/resistance are. I've been trading on M1 and peeking at M15 and higher for this information. It's kept me out of sketchy trades.

For those interested in the BB MACD Pdf...

I'm following this thread, and too have thrown up some charts to keep an eye on. Identifying a good alert candle seems patchy to my eyes. Sometimes they're obvious, sometimes not. i.e. there could be a string of 3 or 4 alert candles followed by an entry candle which then doesn't pan out. Not sure if a higher TF wold help here or not.

Matt

PS. Hi Rev, long time...