Simple scalping system, all red or all green 101 replies
Disliked...but it was a short trade, wasn't it?...shorts have stoplosses above swing highs.
edit: EU hrly now at potential support becomes resistance switchIgnored
If you have a look at the link I posted to the 123 thread, Paulus describes his method which pretty much eliminates this problem. He uses it simply as a reversal method, so you trade the first retrace which has much higher odds of success.
Hope this helps!Ignored
DislikedI don't know where I'm going wrong every trade I do in demo works but evry live trade seems to fail............I follow all the signals then as soon as I enter it turns against me!Ignored
DislikedIf you had looked at the 15 minute chart at the time of taking the trade you would have seen that the 3ema, 5 ema and 13 ema were not in their correct positions.
Both 3 and 5 emas were below the 13 - therefore no trade.Ignored
Pop the 200EMA on your chart - you will see that it is acting as resistance on the M15 and M5 charts. In an ideal world we want to trade away from the moving averages, not into them.
Also, if your s/l was under point 1 rather than point 3 you would still be in the trade. Don't know if it will go any further this evening, but still watching it.Ignored
DislikedThats interesting, but how many emas and s/r do we have to go by, I thought the idea was to ignore them with this set up?Ignored