I look for the break of the M1,M5 & M15 pivot lines for the decent sized moves in the market. This trade netted me 10pips, taking profit just before the FPV pivot line. (Prior to the move the pivots were much closer) 
THV system, final edition
- #23,783
- May 29, 2012 3:18am May 29, 2012 3:18am
Hi it's me again.
1. Stochastics gives early warning of possible move
2. Breach of M1, M5 & M15 Resistance lines (candle closes past them)
3. SAH 4 Greens
4. Trix crossed in green slightly above the zeroline
5. No bearish divergence
Stayed in the trade keeping an eye on stochastics until it begins to shade yellow, I find this provides the earliest warning of a lack of momentum.
Patience works for me, a keen eye on the S&R lines is very important as the trigger - price is going one of two ways (1) breaking out of S&R (2) Reversing from S&R. The rest of the indicators act as confirmation to enter the trade so it's not a whipsaw.
1. Stochastics gives early warning of possible move
2. Breach of M1, M5 & M15 Resistance lines (candle closes past them)
3. SAH 4 Greens
4. Trix crossed in green slightly above the zeroline
5. No bearish divergence
Stayed in the trade keeping an eye on stochastics until it begins to shade yellow, I find this provides the earliest warning of a lack of momentum.
Patience works for me, a keen eye on the S&R lines is very important as the trigger - price is going one of two ways (1) breaking out of S&R (2) Reversing from S&R. The rest of the indicators act as confirmation to enter the trade so it's not a whipsaw.
- #23,787
- Edited 7:48am May 29, 2012 7:46am | Edited 7:48am
Newbie Mistake - Traded the news and was buying the AUD against the USD after worst than forecasted results affecting the USD - so got lucky with this one. Annoyed with myself as the first thing I need to check prior to a trade is NEWS!!!
0. DIDN'T CHECK NEWS :-(((
1. Stochastics gives early warning of possible move
2. Breach of M1, M5 & M15 Resistance lines (candle closes past them)
3. SAH 4 Greens
4. Slightly early on the trix cross but stochastics confirming the move and trix crossing above the zeroline.
5. No bearish divergence
6. Exit trade when stochastics begin to go yellow and closing in on R1 for 10pips (Phew)
I'm done for the night, +28pips, goodnight from Aus :-)
0. DIDN'T CHECK NEWS :-(((
1. Stochastics gives early warning of possible move
2. Breach of M1, M5 & M15 Resistance lines (candle closes past them)
3. SAH 4 Greens
4. Slightly early on the trix cross but stochastics confirming the move and trix crossing above the zeroline.
5. No bearish divergence
6. Exit trade when stochastics begin to go yellow and closing in on R1 for 10pips (Phew)
I'm done for the night, +28pips, goodnight from Aus :-)
- #23,800
- Jun 2, 2012 9:12am Jun 2, 2012 9:12am
- Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts
