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hoss replied Apr 17, 2009i can actually see the monthly and weekly pivots on my charts, and i don't mind them being there. they can be pretty strong S/R.
EUR/USD Scalp 1 min
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hoss replied Apr 17, 2009Yes, those are fine. I throw the AUD in there every now and then, too.
EUR/USD Scalp 1 min
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hoss replied Apr 17, 2009Here was a beauty on the CAD. Waited patiently for price to reach the 5/8 on the Murrey at around 1.2177. Price moved aggressively north. RSI hit around 87 and I took it short. Even though price was not outside the it was still a high probability ...
EUR/USD Scalp 1 min
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hoss replied Apr 17, 2009Not sure on that. I don't think I ever changed anything on my indicators.
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hoss replied Apr 17, 2009[quote=alifari;2676340] no problem. like i said, i'm not a genius or anything, i just have a lot of screentime hours. you get to know a currency well when you stare at it for hours a day.
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hoss replied Apr 17, 2009Looks good. Yes with screen time you will know when you are making the proper entries. It's hard in a thread to articulate everything involved in price action at once, but I think you understand it. Demo it for a while if you have to. Keep in mind ...
EUR/USD Scalp 1 min
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hoss replied Apr 16, 2009Price likes to rest near the 200 ema, but when price is on the moves it likes to bounce off of it back in the direction of momentum. I like to see the 200 ema give confluence to a pivot or murrey when price is on the move. Don't let the 200 ema ...
EUR/USD Scalp 1 min
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hoss replied Apr 16, 2009Yes, it easily goes beyond that. This is the part where everybody has their own risk tolerance. Using this kind of MM has forced be to cherry pick entries. When in doubt, I don't make the trade. I have to bail every now and then but not very often.
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hoss replied Apr 16, 2009Any other pairs you are using this on? Or just GBP 5 minute?
Jankone M5 thread
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hoss replied Apr 16, 2009i haven't tried that but it may be a valid way to trade it. personally i don't prefer to trade that way, but it is a nice way to catch a good run. i try and shoot for 10-15 trades per day and try and make 2-5% per day.
EUR/USD Scalp 1 min
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hoss replied Apr 16, 2009My lot size remains the same. Generally when I enter again, we are close to the end of a breakout. So, I am usually somewhere between 10-20 pips down when I enter again. I also enter at next support/resistance if it is there.
EUR/USD Scalp 1 min
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hoss replied Apr 15, 2009Good trade. However, I usually draw the trendline underneath price in this instance. I am looking for the breakout south in this situation, not necessarily off the top trendline. But it may work for you this way. Do what works for you. I think you ...
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hoss replied Apr 15, 2009I don't wait for the close of the candle in most instances. You can't trade every 80/20. Wait for exhaustion if you can. If you can't spot it, try using trendlines to get in on some counter moves. Demo until you get it - you will get it.
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hoss replied Apr 14, 2009I don't use the bollinger bands too much. I use them after a hard push. You will see that price does not like to be outside of the bands. If it does, and is up against a pivot/murrrey, it will usually retrace pretty quickly. I pick 5 pips up on ...
EUR/USD Scalp 1 min
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hoss replied Apr 14, 2009I do pull the trigger on the OB/OS, but only in certain situations - new high - new low with nice price movement. As far as divergence goes, yes, sometimes it does not work. But, if you wait for price to make mew highs/lows it works beautifully. ...
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hoss replied Apr 14, 2009it's the one minute chart from this morning EDT. the up arrows are where i entered trades and they are always lower in price than the previous. basically i am getting in trades at better prices as we see divergence.
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hoss replied Apr 14, 2009Here's kinda what I do. A few on the EU from today. The first trade was a little risky - a winner but I had to average in. I don't recommend those. Anyway the next few were nice. Price was reaching a pivot/murrey line with nice divergence. See the ...
EUR/USD Scalp 1 min