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- Royston replied Apr 8, 2010
Another golden nugget... Very interesting, Jody. It suddenly made me realise how conditioned I am to waiting for a bar close on that time frame, before acting. What you are demonstrating is much more flowing than that.
N2FX - 1/5/15 Minute Pattern Trades
- Royston replied Apr 8, 2010
No, I took the first HL after the news. To cut a long story short, I closed -3 on that trade. Looking at the chart, the third low was the one to take. But what factors would keep you out of the first 2, and then take the third? In hindsight, I can ...
Higher low, lower high system
- Royston replied Apr 8, 2010
What is your thinking right now (apart from approaching lunch)? One hour candle is a positive close green engulfing on high volume. Which has stalled at 5200. 15 min bars are all inside bars, relative to the news bar. The 5 min shows 3 attempts to ...
Higher low, lower high system
- Royston replied Apr 8, 2010
Beginning to feel I may have arrived on the same page, lol... I took the second trade, closed +36.3 but missed the first. I missed the trigger on the first, which was the break of the 5 min low, and when I focused on the charts properly, the 15 min ...
Higher low, lower high system
- Royston replied Apr 6, 2010
Morning all, wide range hammer straddling Thursday and Friday lows, followed by an inside bar. But just under the RN. The break up was a bit slow. Could just be a LH forming. Still too early for me, lol..
Higher low, lower high system
- Royston replied Apr 5, 2010
Understood N2. That is really nicely done, and what I call wringing every last drop of information of out a single 15 min candle, lol. I couldn't see how you managed to monitor so many pairs at once, as I thought you were also using lower time ...
N2FX - 1/5/15 Minute Pattern Trades
- Royston replied Apr 5, 2010
That is a very tight entry. Was the initial stop below the low, say at 143.73 and then moved to where it is now at 143.84. On the 5 min, I see an inside bar, and the same pattern on the 1 min is a small 1-2-3 up. But did you enter off these lower ...
N2FX - 1/5/15 Minute Pattern Trades
- Royston replied Apr 5, 2010
London Time is now 17:20 BST, so I guess it has closed. (Which is 16:20 GMT)
N2FX - 1/5/15 Minute Pattern Trades
- Royston replied Apr 5, 2010
Hi Jody, Thanks for the charts earlier. If I have got this right, you would have already been long on the scalping setup (now is 11:42 GMT), but are still holding off because you are waiting for the indicators to complete setting up?
N2FX - 1/5/15 Minute Pattern Trades
- Royston replied Apr 5, 2010
Not convinced about the logic of using 22:00 GMT as the day's Open (ie midnight in Cyprus), but as price moves very little (usually...) between those 2 hours during the Asian range, it should be good enough for rock 'n roll. Besides which, putting a ...
Higher low, lower high system
- Royston replied Apr 4, 2010
Is the PC dead and without power? If you can access the hard disk, you could still get all your current MT4 files off it. PM me if you want instructions..
Higher low, lower high system
- Royston replied Apr 3, 2010
Hi N2, Can I ask a couple of questions? When I think about the process of taking a trade, mentally I see a "setup" and then a "trigger". The set up is the pattern and the trigger is the event which, once it occurs, tells me to pull the trigger (push ...
N2FX - 1/5/15 Minute Pattern Trades
- Royston replied Apr 2, 2010
Thanks for posting the charts, N2FX (snappy name you've got there, nice...). I appreciate you taking the time to post with such clear explanations.
N2FX - 1/5/15 Minute Pattern Trades
- Royston replied Apr 2, 2010
Morning Vantage Volume non existent this morning. I'll be interested to see what happens on NFP. Interesting to see you wrestling with this problem of how to squeeze more pips out of a trade. The DIBS thread used a variation of this idea, by only ...
Higher low, lower high system
- Royston replied Mar 31, 2010
Thanks Mr V. I think that was the problem. The MT4 logs say trade was removed as soon as it was placed, so that would also agree.
Islander and Medici trade the European open
- Royston replied Mar 31, 2010
morning all, I had an order in at 51055 but for some reason it never fired. Twice. I think it might be to do with max deviation setting (on FXPRo that is) , which is currently set to 2, and I think might need to be 20. Anybody got a view on that ...
Islander and Medici trade the European open
- Royston replied Mar 30, 2010
long 50549 stop at b/e and then, and out for +12
Higher low, lower high system
- Royston replied Mar 30, 2010
Another variant might be to trail stops under successive 15 min bar lows, with the object being to catch the majority of each 15 min swing. Previously I used to try and trail stops up under the 5 min swing lows, but since I have adopted Mrs V's "no ...
Higher low, lower high system
- Royston replied Mar 30, 2010
out +33 ( and I think I should probably still be holding..)
Higher low, lower high system
- Royston replied Mar 30, 2010
morning V, Same. Bought 50045 stop to b/e. News in 5 mins.
Higher low, lower high system