DislikedJPY was really fun to watch (not to trade!) during and after NFP. Changed direction like 5 times in 30 minutesIgnored
Are you a full Time Trader Or Part Time? 32 replies
Full-time student, Part time trader 7 replies
from retail trader to full-time trader 17 replies
Experienced Coder/Trader Needed to Develop Trading Strategy 0 replies
DislikedNo signal for the GBPUSD, but I am wondering if the TRIX cross is a valid entry signal for this strategy. I know it is used by others. As you can see it would have been a nice trade. We did have the bounce off of support in the direction of the trend. The entry would have been the candle with the white dotted line. Any thoughts on using TRIX cross as an alternative? I don't have experience with that. {image}Ignored
Disliked{quote} You should have got the green arrow on M5 10 to 15 minutes ago. One of the rules of the system is when the setup up good on higher TF, look for the arrow confirmation on lower TFs. It's however true that in your case going from H4 to M5 is a bit far but from what I am seeing on the chart, the arrow appeared when price came back to test and fail 1.66014, previously a resistance which has been breached. This entry is later than wished but it's the cost of waiting for the coral to become green otherwise there were green arrows right where you...Ignored
Disliked{quote} Thanks. Interesting as I only looked at the H1 chart and saw coral was red. I didn't think of going lower than that, but I still might balk at a 5 min chart. Now the question is whether it's OK to use an entry signal on a lower time frame when trading the higher one if the lower time frame's coral doesn't match. In this case it would have worked out, but I will look at other's going forward to see how well that works. Currently I am trading 2 other systems which are working quite well, but this would be a nice addition if it proves to be...Ignored
DislikedHere is one I am watching. Everything is in place on the USDJPY--we just need an entry candle. {image}Ignored