Nice one EV - glad to see you are still harvesting pipsOriginally Posted by ;
Cable's also merely held ~its 5825 degree for a 30 pip bounce, after having a Wonderful sell off the failure to hold above its 5900 flat early in Frankies Hour
Nice one EV - glad to see you are still harvesting pipsOriginally Posted by ;
Cable's also merely held ~its 5825 degree for a 30 pip bounce, after having a Wonderful sell off the failure to hold above its 5900 flat early in Frankies Hour
Nice to see you , me old mate. Glad to see you're still active! We do get around, don't we?Originally Posted by ;
One that did not work out.
GU needed a wonderful move down and an almost 30 pip retrace to Y low 5855. 15 min needed a shooting star on vol suggesting move up . 2b shooting star setup on this 5 min chart. It never followed through reduced and the 5 min candle revealed never went and shut with a back that was decent, then it followed with a doji. We got quit to BE asap and got out with no loss.
You can not win them all and it sure as heck helps if you don't lose some unnecessarily.
Here is another thing I have discovered:
Ordinarily, whenever 5 or 15 min candle (I use 5min candles) closes at the upper range between degrees (blue rectangles), it proceeds to the level ahead. I use this as an opportunity to scalp pips, or once it moves several pips off I put SL to BE and allow it to flow. When there's an up trend, it works.
In a down trend - it is similar. When candle closes at the lower range between degrees, it means continuation, so you can enter short and wait untill PA reaches level ahead, or set BE to SL ASAP and let it proceed.
This works when there's some momentum and PA is not ranging. I have already scalped 20 pips this manner.
Just my observations.
P.S.
When 5m candle sticks in an upper or lower range do not enter right away - wait for another one to move up or under that first candle.
GM - a timeless move up into the Frankfurt Open
A pleasant 20 pips before java....
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LOL V - but keep in mind we anticipate vols to increase until FOOriginally Posted by ;
The HL was THE signal....but you already know that!!
Another thing I have noticed:
double tops / dual bottoms at mentioned degrees (even on 1m time period, not only at the top or the base of a trend) generally make a wonderful installation, i.e:
That installation brought me 20 pips now.