1 Min THV Flag Trading

Hello everyone!
I created a PDF from a article.
source here:
http://www.forextraders.com/forex-st...-scalping.html
Maybe it's useful for someone...
Of course all credit to who wrote the article

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5 Most Predictable Currency Pairs

Opinions | Yohay | June 30, 2011 2:05 pm GMT

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There are forex pairs which will slow down and bounce back as they get close to a distinct support ro resistance line. If they do have strong, determined momentum, they will break through without looking back. These pairs, that tend to obey the rules, are the more predictable ones. Not all of them are. Here is a ranked list of the top 5, with characteristics of every one of them.
The nature of currency pairs tends to shift over time. Some move up the list, while others lose their charm and move down and sometimes out of the list. This is due to many factors, that change. This is an updated list, made towards the beginning of Q3:

 

1. USD/CHF: The Swiss franc moved to the top. Interventions by the SNB belong to the past, despite the recent strength. The pair tends to break to an all-time low, then range back to the previous low. The ranges are very distinct. A break to the upside will likely meet another previous low.
2. AUD/USD: The Australian dollar still isn’t in its good old days, but the performance is definitely improving. Resistance lines tend to work in a smoother manner than support lines, but they also work well.
3. EUR/GBP: The cross tends to move in ranges, with relatively clear barriers. The narrower ranges made it somewhat harder, but it seems to return to wider ranges.
4. NZD/USD: The recent strength of the kiwi, a currency sometimes overlooked by traders, made its moves much more predictable. This applies to support and resistance lines alike.
5. GBP/USD: While the ranges are wider (and so should stops be), the lines are rather distinctive, especially towards the borders of the long term wide range. This pair closes the list.

http://cdn1.forexcrunch.com/wp-conte...1524024_XS.jpgAre you trading any of these pairs? Do you find them predictable or rather unpredictable?
As you can see, two major pairs are missing from the list. USD/JPY was never a fun pair. It can move in very frustrating narrow ranges and break lines in very slow and annoying manners.
Also the most popular pair, EUR/USD, is missing. The Greek crisis, with the flood of news around it, make trading on this pair quite choppy. This pair had better days, that might return when things calm down.

Two trades 17 pips total 2% gain today

Happy Trading
JTee1

Trying for early entry with Turbo CCI bounce off Zero line rejection. Double clicked on one clicker and put on 2 trades by accident got out early with another 1.32%
Total 3.32% today

Happy Trading
JTee1

2 trades 2.7% good start for today.

Happy Trading
JTee1

Unfortunately I came from work too late (16.45 p.m.)
I missed all the fun from 16.20 p.m.
I know it was risky for me,
especially as i not had confirmation of entry..
Mr. "Stratman" criticized me badly, but he was right http://www.forexfactory.com/images/s...im/whew%21.gif
Thank you !

P.S.-this gain, it does not consider a victory,more like a lesson

Hello everyone !

I am looking for a "catch me if you can " Trailing Stop EA
To explain better: a "aggressive" TS in "fast" movements.
the stop price is not using a fixed amount (5~15 pips TP ),
but always at low (or high) of the last candle sets.
The rule for the TP price after the open order (sell/buy) are secondary for me.
SL is usual: 10 pips.
time max. for open orders: 2 ~ 15 min.

Some mates of mine from Romania experiences on this.
What I found out from them: is based more on price action & THV4.
Their rule is: Do not be afraid to lose 3 ~ 5 orders (max2~8 pips SL) until you catch the wave ! (max M1-M5 !!!! )
Of course they are not gamblers .
P.S.-as example my previous post (check pdf...)

thank you.
bfree

.8% profit a good start to 8.24.11
9 pip sl
7 pip tp
It hit target twice and passed by .2 pips but didn't close so i closed manually at 5.4 pips. Whats up with that had slippage set to 10 pips.

Happy Trading
JTee1

Hopefully with news over we will get a good breakout
Happy Trading
JTee1

Last news 10:30 Crude oil invetories.
I took ZLR trade
.1 lot 6 pip sl set to BE at 5 pips set 10 pip trailing stop took half off at 23 pips then closed remaining at first candle color change 46.5 pips.

Took second ZLR early entry
.05 lots 5 pip SL and took 12 pips got out at color change of candle.

I didn't take normal trade due to Support at MS1 right at entry which we already proved as support. It did go on to make to make 13 pips which was 2 pips short of 1 to 1 ratio minus spread target

Would like to thank Daytrader UA for his willingness to share.
TY Buddy

Happy Trading
JTee1

hey J,
great trading.

Ty Sir
JTee1

Rumor is unemployment claims are higher then expected but 3rd straight month of overall ave reduction in claims. So mixed review

38.5 pips on 3 trades. The only trades available per rules all winners. No if's, and's, or's or but's.

Notice first trade on why i get out with a 1 to 1 ratio minus spread. Secondary exit is at first color change of closed candle and that one took stop out. Which would cancel other winner and drop to 15.7 pip gain today.

Happy Trading
JTee1

Should i set a stop loss or not? Lets See!

wanna thank u for that oneclicker
helps me a lot,makes all the difference with my silly req.broker
have a great weekend
shall all pips fall in yr lap

Your welcome
Yes its nice to place trade and have everything set and just manage trade. I use it when my order is to close to price and cant set a stop order or i wanna exit early.
Have a gr8 weekend!

I will be back to trade at 10:15 after Bernanke puts his foot in his mouth.

Happy Trading
JTee1

Wow market went crazy

friday,fireworks,, no need to try
c u