Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
- #623
- Jul 27, 2015 11:43am Jul 27, 2015 11:43am
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
{quote} Hi 919gilead, I would like to know from you how you will find the start of the pullback, i usually miss it and i do not know if the price will pullback or will continue
I use the same default MA on the dashboard on my chart although I alternate between EMA & SSMA and still trying to find the best of the two. Therefore if there is a pullback, price will go under the MA on my chart and will also notice the M1 and probably the M5 TF change color and be different (or diverge) from M5/M15 TF and higher.
The enclosed is a live example of the GBPCAD
You can see that we're in an uptrend on the HTFs as per the mini charts and also the dashboard. The LTF is beginning to diverge from the HTF. This is still a pullback for me until price closes below the Red MA Channel.
Shalom
Low Risk Low Stress High Reward High Probability Trades
- #624
- Jul 27, 2015 12:38pm Jul 27, 2015 12:38pm
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
{quote} I use the same default MA on the dashboard on my chart although I alternate between EMA & SSMA and still trying to find the best of the two. Therefore if there is a pullback, price will go under the MA on my chart and will also notice the M1 and probably the M5 TF change color and be different (or diverge) from M5/M15 TF and higher. The enclosed is a live example of the GBPCAD {image} You can see that we're in an uptrend on the HTFs as per the mini charts and also the dashboard. The LTF is beginning to diverge from the HTF. This is still...
And you could have made a cheap 20 pip when the LTF recycled into the HTFs and the trend temporarily resumed
I did not take the trade as I am in the office and just checked the chart now.
Low Risk Low Stress High Reward High Probability Trades
- #625
- Jul 27, 2015 1:00pm Jul 27, 2015 1:00pm
- Joined Mar 2013 | Status: High Risk High Gain Master | 299 Posts
{quote} {quote} Good job Michael I took some nice pips on the GU short right after the London open and went straight to bed thereafter. Enjoy your week end Shalom
And congratulations on your GU trade! Apologize for my late reply, as I wasn't at home at the weekend
{quote} And you could have made a cheap 20 pip when the LTF recycled into the HTFs and the trend temporarily resumed {image} I did not take the trade as I am in the office and just checked the chart now.
We're using different settings etc. but methodotology is similar. I really like this kind of trades High probability, low stress, tight SL and just waiting for end of pullback and let the micro trend take your trade to the stars
And with MADDash we can use it even more effectively 
Wish you many green pips!
Regards, Michael
Aggressive, High Risk, High Gain, High Accuracy
- #626
- Jul 27, 2015 1:05pm Jul 27, 2015 1:05pm
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
{quote} Thank you George for your appretiation!
YW
Low Risk Low Stress High Reward High Probability Trades
- #627
- Jul 27, 2015 2:09pm Jul 27, 2015 2:09pm
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
wait until the lower TFs starts moving in the same direction as the higher Tfs. This is why I trade in the direction of the M1 to M15 but prefer these TFs to agree with HTFs.
GBP/NZD short {image} {image}[/quote]YW
Low Risk Low Stress High Reward High Probability Trades
- #630
- Jul 27, 2015 4:26pm Jul 27, 2015 4:26pm
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
{quote} Many thanks for your help
Low Risk Low Stress High Reward High Probability Trades
- #632
- Jul 28, 2015 3:07am Jul 28, 2015 3:07am
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
Good morning
Just before the GDP report
Good trading to all
Shalom
Just before the GDP report
Good trading to all
Shalom
Low Risk Low Stress High Reward High Probability Trades
- #633
- Jul 28, 2015 3:23am Jul 28, 2015 3:23am
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
gilead - you had kindly posted a summary of your method (2 channels) & links to indies, etc. sometime ago, could you refer me to the post # where you gave that? Would really appreciate it. Thanks.
Shalom
Low Risk Low Stress High Reward High Probability Trades
- #634
- Jul 28, 2015 3:39am Jul 28, 2015 3:39am
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
Good morning
An interesting article on "The Massive Benefits of Being a Scalper."
Little drops of water,
Little grains of sand,
Make the mighty ocean
And the beauteous land.
And the little moments,
Humble though they may be,
Make the mighty ages
Of eternity.
We don't have to be in the big moves, a little here and a little there can double the account in one week, 2 weeks or even one to 6 months. Just be careful and reasonable.
Shalom
and trade safe friendsI'm off to snooze
Low Risk Low Stress High Reward High Probability Trades
- #640
- Jul 28, 2015 9:44am Jul 28, 2015 9:44am
- | Joined Apr 2014 | Status: Trader | 1,900 Posts
{quote} Closed for 12 pips before the news release and price reversal {image} An interesting article on "The Massive Benefits of Being a Scalper." Little drops of water, Little grains of sand, Make the mighty ocean And the beauteous land. And the little moments, Humble though they may be, Make the mighty ages Of eternity. We don't have to be in the big moves, a little here and a little there can double...