Simple scalping system, all red or all green 101 replies
Dislikedcan anyone xplain this please
70% of Take profit at ½ Stop loss value 30% at 3 EMA crossing up through
13 EMA (on 5m chart).?Ignored
DislikedIf Cable breaks 1.6133 and the intraday trend begins to form on the 15min chart, then a short may be viable depending on PA of course and if it breaks lower lows. We will see................
Also EU is looking good for a buy, but for me it must break above 13660 to be viable. Good luck with your trading.
Just my opinion.Ignored
DislikedThey look like my daily fib pivpoints.
By the way: I would not recommend to trade just before London open!!! That trade was a loser, becuase London opened half an hour later. My am not trying to find a reason for a loss as to seem like I know why it went that way: I have my personal rule not tu trade before L open. Let it open. Let the trend show itself, let it develop, then look for a trade.
http://www.forexmarkethours.com/ I am pretty sure you know that page, select your Time ZoneIgnored
On Hourly chart or M5 squeezed it looks like it can bounce (both EU and GU), so, no downtrend for me yet!Ignored
DislikedYes, I wait now for London to settle but still not sure which way to go, only looking at Cable & EUIgnored
DislikedCable shorts are the only way valid for me at the moment, but because the low has formed right near yesterdays lows i wont be going near it. The probability of it bouncing is reasonably med/high. It is also right near support, so be careful of entering Cable shorts at this particular low.
I will enter short EU when/if it reaches 3587-ish depending on PA near that level, targeting 3575-ish, but trailing SL to maximize the trade. We will see what happens............Ignored
DislikedWouldn't it be safer to enter after the pivot around 3573Ignored
Disliked...as pivots have been mentioned and Cubby has decided to take a backseat, in my opinion as a daytrader, ignore them at your peril...the big dogs use 'em.
This is probably the best active pivot thread on FF:
DislikedI have read the entire thread so I totally understand the system. However my first three trades on this system have all been losses!
All GBPUSD on 5m/15m
Trade 1: 16:35 7th Feb Long 1.6127 SL 1.6100 TP 1.6141
Trade 2: 17:15 7th Feb Short 1.6102 SL 1.6119 TP 1.6093
Trade 3: 07:25 8th Feb Long 1.6162 SL 1.6139 TP 1.6173
All set ups fitted the rules as far as I can tell. Any thoughts as I find it odd i've beaten Cubby's losing streak of 2 trades in one go!?
Trade 2 was very close.Ignored