Clive
You must stop doubting yourself, you have got the method, Mr V and many of the guys have told you this many times, but you just keep on tinkering, searching for the Holy Grail. To me you have spotted a very good m/avg your 100lwma, and you are just trend trading in the same direction as that, its that simple you do not need anything else, the 100lwma looks pretty good on all timeframes,
Just look at any timeframe, we will take your 1min candle, if you saw a 5pip or 10pip range candle reversed quickly do you view that as important, look to see how many 10pip 1min candles their are in a day, so if you saw 5 x 10pip up candles on the trot would you not take profit , or a 60min x 50/60 pip candle when a Daily range might only be 100/120 pips, to me that's trading (scalping if you like) which brings us to the question how do we get the Daily Range it can only be by making new 1min 5min 15min etc etc highs or lows until the range is built. When I see a abnormal high range bar reversed (any timeframe ) I take note it must mean something
As I have said before I view a bigger timeframe as THE STRONG TRENDER and enter off your 1min all I do for this is if I am taking a Buy my signal is when the whole of a 1minute candle (low) closes ABOVE the 100lwma I enter, now if this candle is 5 pips my stop goes in 5 pips plus spread Below the 100lwma then I just keep looking to the left checking the last meaning full swing points always being mindful of ATR
I guess if you wanted to run a trade once its moving your way your stops could trail by looking at the 100lwma on various timeframes and they would also show you resistance or targets as your trend gets stronger and stronger
The above refers to the Gbp/Usd as I trade that mostly but it does check out on all the other pairs but as a OAP I can only cope with one at a time and most days it moves 100/120 ish so their enough pips for me.
Clive remember the guys that design the engine don't make the best drivers ( F1 - L Hamilton) that's meant as a joke. Clive trading is easy THANKS to you, and the 100lwma now stop designing engines and start driving
You must stop doubting yourself, you have got the method, Mr V and many of the guys have told you this many times, but you just keep on tinkering, searching for the Holy Grail. To me you have spotted a very good m/avg your 100lwma, and you are just trend trading in the same direction as that, its that simple you do not need anything else, the 100lwma looks pretty good on all timeframes,
Just look at any timeframe, we will take your 1min candle, if you saw a 5pip or 10pip range candle reversed quickly do you view that as important, look to see how many 10pip 1min candles their are in a day, so if you saw 5 x 10pip up candles on the trot would you not take profit , or a 60min x 50/60 pip candle when a Daily range might only be 100/120 pips, to me that's trading (scalping if you like) which brings us to the question how do we get the Daily Range it can only be by making new 1min 5min 15min etc etc highs or lows until the range is built. When I see a abnormal high range bar reversed (any timeframe ) I take note it must mean something
As I have said before I view a bigger timeframe as THE STRONG TRENDER and enter off your 1min all I do for this is if I am taking a Buy my signal is when the whole of a 1minute candle (low) closes ABOVE the 100lwma I enter, now if this candle is 5 pips my stop goes in 5 pips plus spread Below the 100lwma then I just keep looking to the left checking the last meaning full swing points always being mindful of ATR
I guess if you wanted to run a trade once its moving your way your stops could trail by looking at the 100lwma on various timeframes and they would also show you resistance or targets as your trend gets stronger and stronger
The above refers to the Gbp/Usd as I trade that mostly but it does check out on all the other pairs but as a OAP I can only cope with one at a time and most days it moves 100/120 ish so their enough pips for me.
Clive remember the guys that design the engine don't make the best drivers ( F1 - L Hamilton) that's meant as a joke. Clive trading is easy THANKS to you, and the 100lwma now stop designing engines and start driving