Effective 5M intraday trading

Zerolag MACD looks almost like OSMA.

here are both indi's if anyone is interested.

Regards,

snu.

your zero lag have a diffrent settings a litle on the screenshot but yes they are similar
we will test

Good morning, traders!

I couldn't get on the break of neckline (green line on the pic).

So I'm skipping the trade

1. MACD >0, 20 EMA > 50 EMA, both sloping up
2. Hidden div. on stochastics.
3. retracement to a fib lvl.
4. IBs on the retracement.

EP: 1.2345
TP: 1.2390
SL: 1.2330

Regards,
snu

yep nice entry
keep it up!

Closed @ +30

Regards,

snu.

woow this was huge ;] i gues we should think about larger tp when hiden div apears ! or closing half and rest let go

Yep, I'm kinda biting my nails now. Gotta learn to stay in longer.

I also believe that splitting position is the best way to maximize profits.

ok im short now on eu
nice div on h1 and on m30
and its about time cross stoch on h1
strong resistance where i sell
and about 70 pips to trendline witch is going up
r/r looks good
+20 for now sl at be


edit
sl now at +30 (lwma 20)
and grabbed fast +10 from this sellstop marked on screenshot too =]

i like your system.....maybe u could set round number as your profit taking level...since price usually hit the round number before reversing..it's just an idea...keep up the good work guys

Good call bbolss!

al hit at +30
enought for me;]
i could close earlier because of div on stoch m5 - now up again? this down was 50% fibo retrace?
but it is friday i i thing i pass

Its last friday of the month indeed and afternoon session too, so be very careful!

Interesting thought pivotman, i never really paid attention to round numbers!
If you like the system, join in and start posting setups here! I think everybody reading this thread will appreciate your input as well!

i entered late...but it's good since i'm +40pips right now.my profit taking level is 1.2350..if it don't reach 1.2350...i'll just take 30pips...i'm still new to the system...

Gj, pivotman!

Could you plz explain why you entered from that point?

Here's my trade for fast 30 pips:

30M showed divergence both on stoch and macd, i entered on the break of the low of the bar which broke previous high to the upside.(So-called 2B pattern)

Ep: 1.2380
Sl: 1.2395
Tp: 1.2350

Regards,

snu.

i entered there because i saw a lower high forming on the 15mins chart...1.2425 acts as a resistance...

I want to wish everybody nice weekend!

See you next week. I'm looking forward to it, since i missed a lot of good opportunities this week. I will try not to do so in the future!

Cheers

Snu.

you too!

Good morning all! Lets start new week!

There is potential short on EU according to the setup rules.

In case it develops I'm in! iT might go higher though. Anyways, we trade what we see, so lets start looking =)

Regards,
snu