That was a PRCP and that candle also set the high of the London session....all trades from there would be short trades (which you did). Your entry should have been at the red line on your chart...once the red candle broke below the last blue candle, ...

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Two trades this morning, both at London Open on the EJ H1 and the AU H1. Both are continuation trades from yesterdays big FOMC moves, entered on a break of the previous candle. Done for the day. image image

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No indicator would work on the move that was made today. Normally, if I scalp M5 (which is usually only following news), the stochastic can confirm an entry and does not lag as far behind at the TDI.

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huglau, You asked for it a couple of pages ago and I posted it.....do you not read the thread? Go back to post number 20,813...........

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Sorry Steve, Can't share that one....it is a custom indicator I had made.

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A nice 100 pip scalp on the AU M5 following the FOMC statement releases but before Bernanke's press conference.....done until LO. image

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I, for one will be very careful about entering any trades before the FOMC releases tomorrow.....I expect the market to be fairly quiet until then.

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Here you go...... image xADR_vbobv1.mq4

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Not always but the MBL does sometimes show a trend direction. I find that I have better success when the red and green are above the MBL for longs and below it on short trades......I also use the 50 line in much the same way. In the case of the AU ...

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smarco, I enter every trade manually...I don't do pending orders. I also monitor every trade until it reaches at least 21 pips in profit. At that point, my EA moves the stop to BE and sometimes I continue to monitor and others I go back to bed or do ...

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Three trades today.....the first AU H1 trade was already posted. The second AU H1 trade was also for 40 pips and entered at LO on a continuation of the Asian downtrend. The third trade was on EJ H1 at LO, based on a break above the setup candle, ...

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Picked up 40 pips on Asian session AU H1 based on a continued downtrend of the TDI, also a break below the low of the pullback candle and 200EMA. image

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You described it....no momentum and ranging markets.......probably won't see much price movement until the G8 meetings and the US Federal Reserve meetings produce some movement this week.

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When the ADR has been up during the previous week on JPY or AU pairs and there is little pending news, I have found that many times price will trend following market open after the weekend. Nothing more than that.

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Took a couple of EJ trades following the market open because of the big ADR's from last week. Both trades entered with a 40TP & 40SL because it was the Asian session. Also took one AU trade that just completed...based on the break below the session ...

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I just wanted to add something for you to consider......maybe it will help you.....when I was developing my trade plan and refining how I wanted to trade, I discovered that I was able to enter more trades with confidence and make better decisions ...

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I actually had the same thoughts but because the London session had been so indecisive on direction (bears and bulls in a battle) and the TDI cross moved green over red and yellow, I took a chance, expecting 20 or 30 pips at least but price just ...

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Another quick 100 pips this afternoon on a bounce of the green RSI price line off the red Trade Signal line and a cross of the RSI over the yellow Market Base line. Entry was made after price also broke back above the low of last week (solid light ...

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Only 2 trades for me today....1 for +40 & 1 for BE. I am attaching 3 charts. The EU gave a perfect entry at LO....due to low ADR, I only targeted 40 pips....as you can see, price gave up double that amount. The EJ entry was a continuation trade ...

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Adam, For me, the SL is just an EMERGENCY SL.....in case my computer crashes or I lose power or I fall asleep.....it just prevents me from losing a lot of money in an emergency. How do I decide where to move the SL or exit manually? Those decisions ...

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