Effective 5M intraday trading

Ok, guys as you probably noticed my big problems is that I cut my winners short. This problem needs to be solved.

Any suggestions how to avoid exiting early, maybe someone can share a good indicator-based exit strategy or give an advice on how to lead the trades in order to maximize profits? I would really appreciate it.

Regards,

snu.

wow the trade really took off. A pity i didnt take it as i was worried when i saw ur entry. Still got lots to learn. Anyway how would you draw the latest trend line? it looks like another good set up for a down trend as there is divergence on the stoch? Thanks for the help!

i realy personaly line tvi candles from alf/tvi Lou g thread !
stay in sell whine no green or black candle and stay in buy while no red or white candle ! (when normaly m up candle is white and my down candle is black )
now only need to find good settings for m5
i like m15 so on m15 settings 8 8 5 works nice check it tooday chart
for m5 settings 10 10 5 look good check it outt

maybe u can set one lot to take profit at 20pips....and the other one u can set trailing stop for 50pips...that way u can give the market some space to retrace.....just an idea...

bbolss, hello, you can lay out your pattern with the indicators that you use for a more comfortable learning. I would like to hear from you comments on that as you use them. thanks in advance

off course no problem but its still "under development"
first read something about alf and tvi from this thread
http://www.forexfactory.com/showthread.php?t=226154
in first psot there is version with 2 colour tvi but i like to use tvi as a colour candles its easier to read

its 2 charts for m5 and m15 on m15 with alf and tvi fractals sr , stoch from m15 m30 (for conformation) and from h1 to not trade against some biger trend ! and zerolagmacd for looking for div , on stoch looking for div too!
and m5 temp almoust the same + mtf alf to se alf from m15 on m5 chart and stoch from m1 to catch "momentum" also stoch and macd for div
i dont need any semafor from first post to draw trendlines but you can add if you like

entry with break trendline div on stoch or macd cross stoch on m30 and near to cross stoch on h1! and cross the alf ;D
exit half +20 rest when tvi candles change colour
something like that but you must feel it !
ps im still working to delete unnedet things i jus need couple more weeks

sell setup occurring at eurusd...

EP:1.2248
SL:1.2260
TP:1.2200

Regular bearish divergence occurred

i put 20pips trailing stop at one lot..the other one i'll break even after it's down 20pips

closed one lot for 20pips...because the downward momentum seems weak...

30pips profit now

closed 2nd lot for 36pips...because i see a divergence forming...

Good Morning!

Nice trade pivotman.

Both M30 and H1 look bearish to me.

Regards,

snu.

Here is 5M chart.
20th EMA is below 50th, 50th below 200th.
MACD below zero line.
Doble bottom provides deep pullback to the fiboLVL.
Looks like good hidden divergence is forming.
So i'm gonna look for short entry. Any comments?

price might go up for eurusd...i'm still waiting for further confirmation...

Hi Guys,

I was wondering if you guys are seeing a upward divergence.

From my attach chart, it has already broken out the TL. An upward fractal is there, there is a inside bar, what is lacking is a return move which seems to be happening now.

Will u guys take the trade?

yup i see it....waiting for price to break 1.2250...

read the ebook about div
this is called hiden div
so we might have now nice move down will see

Mini-divergence on Stoch.
38.2% fibo retrace.
TL of the upmove is broken.
Will wait for the retrace to the TL, then enter short

I found it out the hard way. Anyway i took the trade and just got stopped out. This is how i took it. Pls let me know if i have done anything wrong! thanks.

Hi pardon my ignorance but how do you see 1.2250? Thanks!