Because the trend looks like its up. Overall. The lows are above the early chart highs, the last red candles didn't last long, before they went white again. The MA isn't pointing down, it's sideways.. take your pick of reasons. Some discretion is ...

5 PIPS - Only Five

Ok, wow.

my system of 20 pips

Have you closed now because break of trend lines?

my system of 20 pips

lol.. love old Italo. Don't remember that one tho.

5 PIPS - Only Five

Give up with indicators.. and draw a line on a chart. Watch the 1 hour candles, if its a bull / bearish candle as it approaches the line.. drop to a lower time frame and trade past your line crosses with tight money management. Its got to be a ...

I want to pay off my mortgage asap with Choros

Mate I feel for you. I read some of this thread and its refreshingly honest and realistic. Kudos for doing it. Here are some things you may (or may not) want to consider. When you trade well, are you "in the zone"? Does something get you thinking ...

I want to pay off my mortgage asap with Choros

just hand drawn at each pop away from a supply zone, or consolidation. just zoom out in any time frame and see them over and over again.

The similarity system

One or two of those above a rough.. it's late here in uk, and I'm sitting typing after a couple of wines ha.

The similarity system

You are completely correct. A similar concept as what was discussed by mightyone on kreslik forum years ago.. he called them zero lines (where profits or losses are zeroed).. or stop pops as on elite forum.. Zoom out as far as you can go on a 5 min ...

The similarity system

Just take your top off, and leave the rest to run.

Lazy trading

With this type of in and out system, I'd be inclined to bank "home runs" of 20+ pips when I seen them. It is after all a scalping system, meant for high stakes. That 32 pips you were up would have equated to £800 ($1289) for the OP, and no doubt ...

Lazy trading

Yup. It's a good job the system didn't start until 9am, as 8am was red, then went green and went 25 pips the other way. Be careful out there peeps!

Lazy trading

John I think you misunderstood my point. It was, "if it goes north to your number first there might be a golden opportunity".. Meaning back to my number afterwards.. Which is not valid, so none of the above matters anyway

The similarity system

Oh hang on. I take that figure back. When I zoom in on the chart, the sneaky thing did a quick candle squeeze down to that number already a couple of candles after, which wasn't visible on the zoomed out chart!..

The similarity system

FX-Jay... AUDUSD also has a 93.93% chance of hitting 0.8650 in 2.5 days. Could go either way I guess. But with the long term trend being down. If it goes north to your number first, there might be a golden opportunity if the H is still viable.

The similarity system

Could I make a cheeky request to have an alert that plays a sound when a new arrow appears.. true or false to switch it on/off

The similarity system

Agree with some of that analysis. Lowering the setting on a 2nd indicator, and looking for the 2nd direction change.. Will help filter a failed retest and reversal continuation.

The similarity system

Everything you need is contained in the thread. So people keep saying.

The similarity system

An uneven transient is simply a failed retest. Not a new concept, and certainly not a winning one without another filter. Too many potential fails between the confirmations. There is however, a filter... Lower settings or timeframes combined.

The similarity system

Good spot, possibly wait for the hook?

my system of 20 pips