Attached Image (click to enlarge)
(binned per thread starter’s request) 1min chart scalping
- #447
- Jan 24, 2017 1:03pm Jan 24, 2017 1:03pm
- Joined Nov 2013 | Status: Trader | 2,780 Posts
It's in fear when people show what they truly value.
- #449
- Jan 24, 2017 1:32pm Jan 24, 2017 1:32pm
- Joined Nov 2013 | Status: Trader | 2,780 Posts
OK. Thank you guys for your help. I've got all indicators. Please teache me how to trade with this system - please! Thank you in advance!
It's in fear when people show what they truly value.
- #450
- Jan 24, 2017 1:36pm Jan 24, 2017 1:36pm
- Joined Nov 2013 | Status: Trader | 2,780 Posts
Counter trend trading. when market makes its move on the day. you can look for this setup usually around end of US session and London session...
Your shorting at C, when you get bearish candle, and looking for a move similar to the length of A-B.
The guppies help you see exhaustion and then C-D becomes very probable when A-B move occurs.
Do not confuse this with the trend trade..
It's in fear when people show what they truly value.
- #452
- Jan 24, 2017 1:57pm Jan 24, 2017 1:57pm
- Joined Nov 2013 | Status: Trader | 2,780 Posts
It's in fear when people show what they truly value.
2017-01-24_19-26_HFMarketsEurope-Live.jpg;2154022 Counter trend trading. when market makes its move on the day. you can look for this setup usually around end of US session and London session... Your shorting at C, when you get bearish candle, and looking for a move similar to the length of A-B. The guppies help you see exhaustion and then C-D becomes very probable when A-B move occurs. Do not confuse this with the trend trade.. {image}
Very good explanation.
Generally, when we have D, there's a good opportunity, with a take profit on B, like on NZD usd ....
On the chart we can see bollinger band 20-2. A very safe TP is mva 20....and it's the level of B
Dax only.
- #454
- Jan 24, 2017 2:06pm Jan 24, 2017 2:06pm
- Joined Nov 2013 | Status: Trader | 2,780 Posts
{quote} ABCD.... one of my favorite patterns! Very good explanation. Generally, when we have D, there's a good opportunity, with a take profit on B, like on NZD usd ....
Thanks.
It's in fear when people show what they truly value.
- #455
- Jan 24, 2017 2:08pm Jan 24, 2017 2:08pm
- Joined Nov 2013 | Status: Trader | 2,780 Posts
UsdCad support's what you state as well.
It's in fear when people show what they truly value.
- #458
- Jan 24, 2017 2:19pm Jan 24, 2017 2:19pm
- Joined Nov 2013 | Status: Trader | 2,780 Posts
Ok last chart for the day, I feel Guppies helps with patterns like this, but this pattern is one of the most common, Double top pattern.. But there are certain things that I look for to add probability and there are hidden stuff in the guppies..
This Trade ON GBPJPY... The entry should be as shown on the close of that 5Min bar. Stop loss above the candle's
Picture to illustrate clearly what is being traded.
Last tip: make the 3 EMA a different colour- a distinct colour to see this better and so it stands out from different moving averages .
This Trade ON GBPJPY... The entry should be as shown on the close of that 5Min bar. Stop loss above the candle's
Picture to illustrate clearly what is being traded.
Last tip: make the 3 EMA a different colour- a distinct colour to see this better and so it stands out from different moving averages .
It's in fear when people show what they truly value.
- #459
- Jan 24, 2017 2:23pm Jan 24, 2017 2:23pm
- Joined Nov 2013 | Status: Trader | 2,780 Posts
It's in fear when people show what they truly value.