AUDUSD 30MTF
Attached Image (click to enlarge)
- #942
- Aug 5, 2010 2:36am Aug 5, 2010 2:36am
- Joined May 2010 | Status: Trader | 2,693 Posts
updated USDCHF, USDCAD and EU on 5MTF 
- #943
- Aug 5, 2010 7:00am Aug 5, 2010 7:00am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
Hi ben10,
Enclosure the weekly pivot indi and weekly opening line
for the weekly opening line I'm just using MTF MA with set up
Cheers
- #944
- Aug 5, 2010 7:04am Aug 5, 2010 7:04am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
one trade per setup (while the thrust is strong). have reduced tp to 1% from 1.5% for less exposure. if/when my finger gets fast enough, might set it back to 1.5% per trade. total gain = 5%
more charts please
- #946
- Aug 5, 2010 7:13am Aug 5, 2010 7:13am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
ouch! pick up the pieces 
- #952
- Aug 5, 2010 8:49am Aug 5, 2010 8:49am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
have i ever feel my finger sweating before? keep pushing it
http://img836.imageshack.us/img836/1200/31031838.png
should try more often
http://img836.imageshack.us/img836/1200/31031838.png
should try more often
- #954
- Aug 5, 2010 9:15am Aug 5, 2010 9:15am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
this one the last for this morning, 1.3150 is the s&r line
http://img217.imageshack.us/img217/5329/16444407.png
negative pips overall for this session, not good tradessss for me
next week perhaps , the lady markets give some pips back
http://img217.imageshack.us/img217/5329/16444407.png
negative pips overall for this session, not good tradessss for me
next week perhaps , the lady markets give some pips back
- #955
- Aug 5, 2010 9:23am Aug 5, 2010 9:23am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
one trade per setup (while the thrust is strong). have reduced tp to 1% from 1.5% for less exposure. if/when my finger gets fast enough, might set it back to 1.5% per trade. total gain = 5%
- #956
- Edited 3:29pm Aug 5, 2010 3:04pm | Edited 3:29pm
- Joined Jun 2007 | Status: trader | 1,703 Posts | Online Now
i notice you circle 1,50 and 70 ma compression, is that your trigger to execute the trade?
i am still trading off compression of 2-28 vma on m1 basically. as you know my goal is 5-7 pips per trade for 1% equity gain, or 8-10 pips for 1.5%, and hope to achieve this figure per one entry, i need to look for the compression + slope change for a wider directional swing, than for 5/10 sec scalping of your style.
wma50/70 are drawn on an experimental basis, to see if they would, in combination of various mma patters around, tell me what i need. so far it seems i am getting necessary alerts of directional changes of the magnitude required.
now for the actual entry point, pipe line break is what i must master my finger for. but in the actual trading scene, this is really hard as price move fast when major directional change occurs. so i am testing the crossing of wma1 (red) and wma50 (green) and at the latest wma70 (brown). if i enter around these points, it looks like a good substitute for the pipe line break of the compression width.
on the black background chart, the phenomena is clearly visible, so i like it so far.
as additional merit, i noticed that mma compression is where line chart goes zigzag = congestion, and the red color of wma1 vividly displays it, and the compression of wma2-28 should almost overlay (or perhaps at a slight delay). this is where i put the yellow circle in my last set of charts.
any comments/advice, pls...
negative pips overall for this session, not good tradessss for me
next week perhaps , the lady markets give some pips back
Think I will re-jig my morning a bit to give me an slightly longer session.Next week, indeed
I'm mulling over some different ideas so will post some more when I get a moment.
wma1 started off as the coloring desire of the line chart. since line chart = ma1 (any ma), i added wma1 and colored it red.
i am still trading off compression of 2-28 vma on m1 basically. as you know my goal is 5-7 pips per trade for 1% equity gain, or 8-10 pips for 1.5%, and hope to achieve this figure per one entry, i need to look for the compression + slope change for a wider directional swing, than for 5/10 sec scalping of your style.
wma50/70 are drawn on an experimental basis, to see if they would, in combination of various mma patters...
Really like your setup. I've come to the rainbow from an ema crossover system I worked on with my bro (profitable but requires full time trading really), so I've actually been thinking about some of the same things as you. The rainbow switch is after all just an ema/wma crossover, with more 'information' either side. Compression, Lower lows (price lines), 'guide' wma's, it's all coming together
I'll post some more soon.
- #959
- Aug 5, 2010 3:56pm Aug 5, 2010 3:56pm
- Joined Jun 2007 | Status: trader | 1,703 Posts | Online Now
Hey RisingSun, good to see your trades earlier - great stuff
Really like your setup. I've come to the rainbow from an ema crossover system I worked on with my bro (profitable but requires full time trading really), so I've actually been thinking about some of the same things as you. The rainbow switch is after all just an ema/wma crossover, with more 'information' either side. Compression, Lower lows (price lines), 'guide' wma's, it's all coming together
- #960
- Aug 5, 2010 9:29pm Aug 5, 2010 9:29pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
as you know my goal is 5-7 pips per trade for 1% equity gain, or 8-10 pips for 1.5%, and hope to achieve this figure per one entry, i need to look for the compression + slope change for a wider directional swing, than for 5/10 sec scalping of your style.
...
pic below is the map example:
http://img46.imageshack.us/img46/8743/zone1.png
using the same pipe pattern to scalp too. notice the limit orders on both side ? thats the rescue mission ready to deploy.