DislikedSorry but my 5 minute entry is a commercial system i picked up somewhere. Basically the idea is that using your criteria of:
1. Wait for appropriate price action of the index and lawgirl indy direction on 4 hour.
2. Use forex power indy to determine best 3-5 pairs to trade using hourly timeframe.
3. Grab an entry using your favourite 5-15 minute technique - with a 15-20 pip stop.
4. When 15 pips in profit move stop to break even.
The fact is that most entries will not be profitable and will finish at BE, but as you are entering the most...Ignored
I am very active in the first 10 days of the month basically picking when the monthly candle begins. take around 6 - 7 trades in the first 10 days which enough to make 2000 - 3000 pips and then i dont trade. just busy doing other stuff.
let me know how it works for you in the next week.
I will be watching usdlfx, gbplfx next week.
Cheers!!!
Have a good weekend.