UJ charts depicting M1 & M5 FIFO setups +16 (avg. +3.2) OK, Guys/Gals here is a M1 and M5 chart I don't think I can explain this entry any better then these charts......Same trade of course just depicting M1 & M5 t/f's.
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Disliked{quote} thedrrew, Your doing fine.....Yes, I always watch for the New Hour candle as many times ( not always of course) it will offer a very nice momentum move for a quick 5 pips.......That's right the only way to know is to observe and be ready for a quick FIFO PVSRA scalp if presented as I have entered many nice trades combining this candle and PVSRA. Just keep in mind the trading Session and time of day is important for good momentum moves........Ignored
Disliked{quote} I ended up looking at the move to get a feel for it... And what I begin to understand is momentum. It needs to be initiated before entering the trade. That is something I have difficulty with (and I am most likely not alone). Thanks for everything you share cigarguy, it is valuable information for a very cheap price . And here is my last trade for the day. A quick scalp for 2.6 pips on UC. I was looking for a retouch of 1.30000 after the small retrace on 1M TF. {image}Ignored
DislikedHi CG, Thanks very much for your help.....Yes i also figure out how to use it and your guide makes it quicker. heres some trades it took this morning still unrealized....maybe i'll sit on this a bit longer. explanation is on the chart. {image}Ignored
Disliked{quote} I ended up looking at the move to get a feel for it... And what I begin to understand is momentum. It needs to be initiated before entering the trade. That is something I have difficulty with (and I am most likely not alone). Thanks for everything you share cigarguy, it is valuable information for a very cheap price . And here is my last trade for the day. A quick scalp for 2.6 pips on UC. I was looking for a retouch of 1.30000 after the small retrace on 1M TF. {image}Ignored
DislikedOOOps....... Sori CG Forgot to close that before i took the screen shot... Reason i took the Trade before the asian session is because of the carry trade too...to offset the commission. But actually im confident with this trade because of the GBP interest rate that is still fresh so selling this pair is much safer and can hold it just before the frankfurt session. I observe too that this pair can move up 150 plus pips during the day. Yes i was subscribe with the old Sonic and an avid follower of TAH the great....teacher. I have[/highlight]...Ignored
QuoteDislikedI have a good and bad experience with that system especially the scout.......
Disliked{quote} Yes and that is why many left and or discontinued trading those scouts with extremely high DD's.... Including TAH....... {quote}Ignored
Disliked{quote} But i think PVSRA owe a great deal with TAH for his continued efforts to improve this indy's and his aim to help others... what i learn from him is to follow his advice but not follow what he does....HH...but i have a great respect for the man....... Same as you.....helping a struggling trader is a very compelling endeavor.....and i will keep repeating this words to you and to him...THANK YOU VERY MUCH.... Actually this days i could say that PVSRA is all we need as an indicator.......it is giving us a lot of...Ignored
DislikedCG, thanks for the illustration yesterday. It was quite slow n yet u were able to pick up 2 pips here n 3 pips there with lots of fun. I figure even the 5 pip target needs to be adjusted in order to save a winning trade from a losing one, and wonder if we could have a "break even" option button on our order entry EA, it would really help in the situation. Just a thought for future consideration. Since it's an Olympic Friday, would be a perfect time to observe your recent advice to leave forex alone n pick up some fun. Have a wonderful weekend. PH...Ignored