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Cutting the cord with M1 scalps

  • #441
  • Jan 28, 2016 8:30am Jan 28, 2016 8:30am
I just took this quick scalp. On the M1 it looks like a nonsense gamble, but it makes more sense on the M5. I took the trade looking at the M5 chart and exited based on the M1 chart.
Attached Image(s) (click to enlarge)
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #442
  • Feb 11, 2016 8:11am Feb 11, 2016 8:11am
Saved for reference for myself. 70SMA, 350 SMA, 34 SMA. LO.
Attached Image (click to enlarge)
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #443
  • Feb 24, 2016 10:04am Feb 24, 2016 10:04am
4.8 pips. Divergence followed by a confirming Ross Hook off the quarter line. Exit based on Yesterdays Close.
Attached Image (click to enlarge)
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #444
  • Feb 25, 2016 7:58am Feb 25, 2016 7:58am
I went with the 0.5 pip gain here due to fear. It had the CCI over 100, the AO down, and rejection of price at previous levels. I just didn't have the stomach to stick with it. I also noticed that the EURJPY was rising fast which was the other reason for exiting quickly. That was based on JPY weakness however. There was 5 pips there for me if I wanted.
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #445
  • Mar 1, 2016 10:32am Mar 1, 2016 10:32am
A quick lunchtime trade. First trade on this pair. Maybe my last too. A fast mover with a big spread. Entered based on overall down trend, strength of NZD vs EUR, reaction to the quarter level (unmarked on chart), and CCI. Target was the next quarter level, but my stomach was happy with small win. I do need to work on that emotional part of my trading.
Attached Image (click to enlarge)
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #446
  • Mar 2, 2016 10:37am Mar 2, 2016 10:37am
A very short trade. Would have made intended target. Still dropping now.
Attached Image (click to enlarge)
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #447
  • Mar 4, 2016 10:32am Mar 4, 2016 10:32am
Late day on Friday, during the London Fix. Many things start to reverse with profit taking. I took this short, again for a very small gain. These are giving me great confidence in my ability to enter and more importantly, to stay with the trend, as opposed to going CT like I seem to do so much. Entry made based on Quarter line rejection along with 34 LWMA and CCI falling back below 100.

If I had stayed with the trade, it netted 10 pips so far.
Attached Image (click to enlarge)
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #448
  • Mar 9, 2016 8:45am Mar 9, 2016 8:45am
Two trades based on EUR weakness vs. the NZD and AUD strength. CCI signal, with a pullback to the 55/89.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDM1.png Size: 48 KB
Click to Enlarge Name: EURNZDM1.png Size: 53 KB
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #449
  • Mar 10, 2016 8:39pm Mar 10, 2016 8:39pm
Any ideas on why the metatrader skipped several hours of data?
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 67 KB
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #450
  • Mar 10, 2016 9:33pm Mar 10, 2016 9:33pm
Did it again. I called Oanda and they had me download history into the history center, but that doesn't work. Anybody with any ideas? I refuse to believe I'm the only one experiencing this.
Attached Image (click to enlarge)
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #451
  • Mar 11, 2016 12:34am Mar 11, 2016 12:34am
Quoting capstone
Did it again. I called Oanda and they had me download history into the history center, but that doesn't work. Anybody with any ideas? I refuse to believe I'm the only one experiencing this. {image}
No issues here. Weird.
  • #452
  • Mar 11, 2016 6:12am Mar 11, 2016 6:12am
Quoting mongolian
{quote} No issues here. Weird.
I opened MT4 again this morning and it is gapped again. For some reason it is not picking up history when it is not running. This has never happened before. Oanda hasn't been able to help yet either. I may have to wipe MT4 off the system and reload it fresh. That will be a pain. I guess I just need to save my template and the 1 or 2 custom indies to the desktop first. Is that correct?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #453
  • Mar 11, 2016 11:14am Mar 11, 2016 11:14am
It seems to have cleared itself, for now. Onto Monday! Have a great weekend everyone!
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #454
  • Mar 30, 2016 9:35am Mar 30, 2016 9:35am
Correct entry. Based on support of quarter with small consolidating candles there. I have been looking at range bars, as they do clean things up, but I think I will stick with M1 candles.
Attached Image (click to enlarge)
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #455
  • Mar 30, 2016 10:06am Mar 30, 2016 10:06am
One more. Resistance at the quarter and 34LWMA over the top. CCI broke the 0 line. Also, this is against the trend of the morning, but it is also 11 EST, which is the London fix and it seems that usually, people start taking profit and trends reverse in the short term.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM1.png Size: 38 KB
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #456
  • Apr 26, 2016 7:52am Apr 26, 2016 7:52am
5RB
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #457
  • Apr 29, 2016 11:03am Apr 29, 2016 11:03am
Here is my EURJPY day. I focused on this one today due to EUR strength and JPY weakness this morning. First trade (blue line) was a loss and I know why. Clive would have shorted there but I did not based on uptrend and previous action at the BRN. This would be a Mongo entry too. The second trade (orange line) was in line with my rules. I saw it as a break of the sideways action, having been rejected on a pullback. It fell rather quickly and was fun to watch. I know they say trading should be boring, but I really love this stuff!
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM3.png Size: 49 KB
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #458
  • May 1, 2016 10:47pm May 1, 2016 10:47pm
Quoting capstone
Here is my EURJPY day. I focused on this one today due to EUR strength and JPY weakness this morning. First trade (blue line) was a loss and I know why. Clive would have shorted there but I did not based on uptrend and previous action at the BRN. This would be a Mongo entry too. The second trade (orange line) was in line with my rules. I saw it as a break of the sideways action, having been rejected on a pullback. It fell rather quickly and was fun to watch. I know they say trading should be boring, but I really love this stuff! {image}
Took me a while to find the 'orange' line. I'm getting old. Maybe I should get my eyes checked. Nothing wrong with loving this. I've got to do A LOT of basketball coaching this year, a little baseball coaching as well (perks of having 3 boys). Anyway, the thing that I've really been driving home with these guys are #1, Being excellent isn't something you get to decide to do when you feel like it. You have to work at excellence all the time. How I parlay that to trading - Be excellent at losing as well as be excellent at winning. It's a tough thing to do, I know. #2, Learn to compete all the time. Don't take a play off, don't take a pitch off, compete your hardest at every turn. Trading translation - It's easy to 'compete' when price is moving, but winners (profitable traders) compete all the time - sideways markets, trending markets, new releases, you name it. My time on the soap box is complete.

M.
  • #459
  • May 2, 2016 5:34am May 2, 2016 5:34am
Quoting capstone
Here is my EURJPY day. I focused on this one today due to EUR strength and JPY weakness this morning. First trade (blue line) was a loss and I know why. Clive would have shorted there but I did not based on uptrend and previous action at the BRN. This would be a Mongo entry too. The second trade (orange line) was in line with my rules. I saw it as a break of the sideways action, having been rejected on a pullback. It fell rather quickly and was fun to watch. I know they say trading should be boring, but I really love this stuff! {image}
Hi Capstone.
How do you find trading the Range bars ( 5 on cable for example and ten/thirteen on Dax/Dow)?
Clive and FX, in Clives chatroom) seem to be okay with RB's -but patience is required to note if ma's both point down or up. ( I think Clive now uses 10lwma only and trades crosses of same . Good luck.
every Saint has a past. Every Sinner has a Future
  • #460
  • May 2, 2016 5:49am May 2, 2016 5:49am
Quoting turnip15
{quote} Hi Capstone. How do you find trading the Range bars ( 5 on cable for example and ten/thirteen on Dax/Dow)? Clive and FX, in Clives chatroom) seem to be okay with RB's -but patience is required to note if ma's both point down or up. ( I think Clive now uses 10lwma only and trades crosses of same . Good luck.
Are you in Clive's room as well?

I don't mind the range bars and am getting used to them. I don't trade them exactly the way Clive does, as he is very aggressive with his entries. I am more of a hybrid between Clive and Harold. Regarding 13RB on the DOW and DAX, I have no idea because I do not have an account for futures. Maybe one day I will. Harold seems convinced that FX brokers will not allow us to withdraw or make enough to live on, which is why he is on futures. Maybe he has a personal experience he hasn't shared yet.

Anyway, I do like 5 for FX based on what Mongo referenced 2 posts ago. With a 5, It is easier to manage the small ranges. Fewer trades, and that's alright, but easier, IMO.

In Metatrader, using RB will keep me focused on 1 or 2 pairs. I have a great template for M1 charts though, based on Clive old method, using a 34 LWMA and a 55 LWMA. For now, trying to master the RB, but I keep my eye on M1.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
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