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DislikedJust these two trades for the day: GBPUSD = 11 pips USDCAD = 14 pips Total Profit = 25pipsIgnored
DislikedAJLFx ref post 7906 you took 11pips if you notice your bigger channel the 15 is in perfect place..eg pointing up be patient my friend and wait for you 5 min channel and 1min channel to come together all 3 at the bottom... bang long trade...classic hurst....let the winners run and as your highest time frame is 15 long the 15 channel ....take profit..allow pull back then long again....as long as 15 channel is up (clue middle line wull be green)Ignored
DislikedAn interesting discussion on these "recovery trades" , although its not my system I did go through a phase of not taking any losses what so ever by a similar system. Very briefly... I would not place a stop at my usual 20 pip emergency but when a trade went against me and broke my level then I would take the opposite trade eg hedge, so locking in for example a 15 pip loss. Then I would just watch the CCI swings and everytime it went oversold or overbought I would sell or buy it but instead of going to BE at 3 pips I would bank it, I would repeat...Ignored
Disliked{quote} Clive I will begin looking to try and use "hedging" as part of the "recovery" trades. I like the idea of "locking-in" a certain loss point, then performing other trades to catch up. Will evaluate and see how it works.Ignored
Disliked{quote} ... the amount of pips that price has moved outside the band for the chosen timeframe (e.g. 10 pips above the upper M5 band or 10 pips below the lower M5 band)Ignored
DislikedBelow are some indicators I found useful for 1 min trading. RSIOMA - for M1 and M5 trend as suggested here http://www.forexfactory.com/showthread.php?t=463573 Heiken_Ashi MA T3 new[Alert] mtf Long term M15 trend as suggested by an experienced trader here http://www.forexfactory.com/showthre...339257&page=59 CSSDiff2 "Determines the Slope Strength of all currencies based on their TMA Slope values" Clives Strongest Weakest Tape Diff Shows signals based on Clives Strongest Weakest indicator Some good support/resistance and...Ignored
DislikedOf course You do not have to use all this indis :-) Just have a look and select, what suits You best.Ignored