After a while in swing trading, I decide to go back scalping which is suit for my personality. The reward ratio(1:1 or 1:1.5) of swing trading is almost the same for me at scalping, so why should I wait hours for a 50/50 signal?
Entry rules (Long in the example):
- Fast TRIX cross Slow TRIX.They change into green.
- Price is above Coral line.
- Check for R/S levels, divergences and trendlines to confirm entry.
- THV coral,above only long, below only short.
-Fast TRIX cross up 0 level(en, im not sure about this one coz it seems a bit late for scalping in today's trades....)
Eixt rules
- Once get +5pips, put sl at BE.
- Mentally trailing stop 5pips, also depend on the speed/strength of price.
Im very new to the THV, but already see its profitable power by my one year FX experience. I know I will experience more losing trades than expected on this journal, but mistakes are good, coz makess me become a better trader.
Update 01-28
Possible best entries: (still working on this part)
1)Two Trix set up already before the candlestick cross ichimoku
2)candlestick is strong when crossing ichimoku
3)break out entry,candlestick should be strong
Update 01-30
Trading commandments:
I shall:
1)Never trade during the news announcements
2)Never trade with the hope of winning
3)Never trade without a relaxed and clear mind
4)Never trade against a major implusive trend
5)Be patient
Entry rules (Long in the example):
- Fast TRIX cross Slow TRIX.They change into green.
- Price is above Coral line.
- Check for R/S levels, divergences and trendlines to confirm entry.
- THV coral,above only long, below only short.
-Fast TRIX cross up 0 level(en, im not sure about this one coz it seems a bit late for scalping in today's trades....)
Eixt rules
- Once get +5pips, put sl at BE.
- Mentally trailing stop 5pips, also depend on the speed/strength of price.
Im very new to the THV, but already see its profitable power by my one year FX experience. I know I will experience more losing trades than expected on this journal, but mistakes are good, coz makess me become a better trader.
Update 01-28
Possible best entries: (still working on this part)
1)Two Trix set up already before the candlestick cross ichimoku
2)candlestick is strong when crossing ichimoku
3)break out entry,candlestick should be strong
Update 01-30
Trading commandments:
I shall:
1)Never trade during the news announcements
2)Never trade with the hope of winning
3)Never trade without a relaxed and clear mind
4)Never trade against a major implusive trend
5)Be patient