Just closed the nzd/usd short for a gain of 115 pips. I've just been running the 5 minute setups all day other than that however. Not much to it but to do it!
I dream, therefore I become.
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DislikedMike-I think I remember you saying that you trade 8 or so pairs on the 5 minute timeframe. How do you do that? Is it because you use so many monitors. Sometimes I think I do better when I watch one or 2 pairs....perhaps my thinking is wrong. Any thoughts or opinions?Ignored
DislikedHey glad to see i'm in the same trade as you mike! I'm short NZD/USD at .73172Ignored
DislikedHi Mike,
Hope you had a good B-day. I'll be celebrating my 28th this saturday. Leo ftw!
Just took a short eurgbp on my longer term demo about an hour ago. Due to strong upward rejection, my stop on this one is smaller than as per standard J16 rules. Let's see where this might go...
Also took a BE on M5 fiber earlier today (also demo btw). Seemed promising at first, but no new lower low in presumed downtrend spells trouble most of the time. I'm looking for multiple R:R on these M5 trend trades, so this one was BE for me. Still wondering...Ignored
DislikedIt looks like a pretty setup on the daily TF for usd/chf. I'll be entering on the retracement if there is one and targeting 1.04.Ignored
DislikedI have my limit order at 1.0536. Will check the damage tomorrow afternoon.Ignored
DislikedHi Mike, hope you're doing well today. It's one of those solid trending days again today. Perfect for doing M5. I'm currently back to Ryan's template, with the BB's. Helps me to gauge S/R a bit better. Had a nice little 2R trade on eurchf M5 this morning (i.e. CET/GMT+2). The one trade I took with a fixed TP turned out to develop into a major runner. Go figure. Oh well, currently riding the fiber wave down. That's dropping nicely as well, lol.
Btw, I'm very much looking forward to seeing some of your results re: fixed TP vs runners.
Boy...Ignored
DislikedHi Mike, hope you're doing well today. It's one of those solid trending days again today. Perfect for doing M5. I'm currently back to Ryan's template, with the BB's. Helps me to gauge S/R a bit better. Had a nice little 2R trade on eurchf M5 this morning (i.e. CET/GMT+2). The one trade I took with a fixed TP turned out to develop into a major runner. Go figure. Oh well, currently riding the fiber wave down. That's dropping nicely as well, lol.
Btw, I'm very much looking forward to seeing some of your results re: fixed TP vs runners.
Boy...Ignored
DislikedThese past two days have been like this. We've seen runners the whole way across the board really. I'm waiting for the usd/chf to start trending downwards now as I have entries at 1.0550 and 1.0535.
After testing it a LOT more, I'm only going to take "warzone" trades when the smaangle indicator is above or below the .1, -.1 level, although I'm going to take pins at the 21 either way. Even if it's not above or below, I'll still take the pins, as I wasn't realizing a lot of profit due to it.Ignored
DislikedSure looks like the D1 swissy pin is going to be invalidated today.
Below is what I see on the bigger TFs re: usdchf...
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DislikedSure looks like the D1 swissy pin is going to be invalidated today.
Below is what I see on the bigger TFs re: usdchf...
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Disliked. Nothing better than enjoying the sun and returning to double digit R:R runners.Ignored
DislikedYeah, could very well be garbage. lol Some say that if 60% of the bar is surpassed-it is invalidated. Sometimes we see double pins, that's why I wait for close.
Maybe I should play with Phillip's 5m system a bit. I was a 4hr macd student for a long time.Ignored
Disliked60%? Shoot, that's where I normally get in at on higher timeframes lol It isn't broken until it's busted IMO.Ignored