broke the hour and tested the 4hr,still bullish nothing is wrong
- #14,246
- Edited 6:24am Aug 14, 2014 6:12am | Edited 6:24am
- | Joined Jul 2013 | Status: Trader | 1,494 Posts
{quote} Its not a proven method yet, as cycles can be hard to read. Its not a retrace method but rather continuation, so as price breaks higher for a third wave enter trade. Settings: 5simple ma, s2, 5simple ma s2 thats it. I look for new wave after a down / up trend, then each pull back over 5sma is a refresh and once new range (this is where needs testing, as in some cases it need not be a new high as previous high could be excessive) Anyway ill share another strategy later today, this one is not fun who likes trading 1 min !?!
Since the idea is to trade waves, ema could be more useful and atr could be used to measure and account for the consistency and maybe a weighted ma could be used to cap the pull back or bollinger band, they work well with atr o.O.. Sounds hectic
A trade should be based on an assumption based on facts
1320 first please16 long position from 1306-1315 since 8th of august. let today be my pay day please
just made me laugh man....but please man be stronger and dont close your longs,thats why they doing these thing ,the time will come the price start going up without a 5 dollers down,they want to reach there high target alone , gold and silver now are ready for a move
{quote} This is a general concept and nothing new. When aligned with high to low TFs, it becomes a high provably trade. I borrowed this picture from a guru trader named Emmanuel in TMS thread. You can find more good information from his postings there.
pls what is TMS?
- #14,252
- Aug 14, 2014 6:22am Aug 14, 2014 6:22am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,088 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #14,253
- Aug 14, 2014 6:37am Aug 14, 2014 6:37am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,088 Posts
1H breakout looks a fake....... Interesting. 
Inserted Video
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #14,256
- Aug 14, 2014 7:00am Aug 14, 2014 7:00am
- | Joined Aug 2012 | Status: Trader | 2,263 Posts
still waiting 1300---1297-...(1295...1287 maybe)
A 1 pip gain is better than a 1 pip loss.
