Glad you got some pips out of that - I think the first one was a risky one as price was under the cloud - I think the rules state to go short if the price is under the cloud, long if it's above. But in the end - 10 pips is 10 pips I guess

Daytrading/scalping with high leverage - my proven strategy

I agree. The rules for entry and exit have been made very clear, people will have questions about application and context. But Favorite has kindly explained the core of the strategy, and people need to read, study and apply the whole thread. It's ...

Daytrading/scalping with high leverage - my proven strategy

There are a few copies/versions in the thread. Simplest thing would be to search the thread's attachements (click on the pic of the paper clip at the top)

Trading Made Simple

This seems to be a more comfortable (and effective) approach for me. I need to spend more time in the M1 environment but it's not as frantic as I thought it was going to be. It's a little bit like testing a M30 TF in a simulator and putting it on ...

Daytrading/scalping with high leverage - my proven strategy

Favorite Enjoying testing your strategy, I've a 6/7 win rate so far - I'm exiting quite early, normally 8-12 pips - it's my first look at M1 so I need to get a feel for the momentum and reading the PA much quicker. With this TF, approximately how ...

Daytrading/scalping with high leverage - my proven strategy

I do = hence the 'in theory'. In theory it's a fact, but in practice, very few have ever done, and those who have tend to blow it later on. The way I see it, slow compounding until you have an account that allows you to be able to live off 20, 200, ...

Trading Made Simple

In theory, if you compound winnings, risk 5%, have a 100% win rate with an average RR2.5, you would make a million within 61 trades. Einstein (I think) was asked what his greatest discovery was - his answer - 'compounded interest'. Wealth is created ...

Trading Made Simple

It does. But for me I try and stay away from countertrend trades (although invariably you're going against one TF trend or another). The greed in me wants to go for it because of the potential reward (as you point out). But bitter experience has ...

Trading Made Simple

I find that if I use MM that dictates and sets the risk - say 5% per trade. Stop loss is set by PA (SR or last high/low). Then divide the risk by the size of the stoploss - then you have how much you can trade per pip. Following this it makes no ...

Trading Made Simple

[quote=jvbs;6553097] If I remember right - Big E closed trades at the London Close - which is 16:30 GMT

Trading Made Simple

Hi Pundit My Bad - i meant to type 'if when looking at the TDI indicator numbers the RSI number is greater than the TSL, then is has crossed up over, if it is the same it is touching...'

Trading Made Simple

Thanks for the reply glad I was on the right track

Trading Made Simple

Thanks - I didn't mean the shaded area - that's my shading of Tok 5h - I did mean the one at the end (not the final bar - the three before that.)

Trading Made Simple

image Is that a popgun at the end of EU - or have I got it wrong? Thanks

Trading Made Simple

I could be wrong, but I think the price recently broke through and has tiptoed around historical support at 0.8500 - I'm gonna wait to see if that becomes resistance - it's also countertrend so too higher risk for me. I think...

Trading Made Simple

I had the same questions - I decided the best thing for me was to use the same as those who I am learning from. I can then see how they are analysing their charts and compare to mine. Although my broker doesn't use Metatrader - so I set up a demo ...

Trading Made Simple

Morning/evening I read you post in another thread about the Tok 5H. Please could you describe how you use it again. Is there an inidcator you use to highlight the period (I suspect you don't do it by hand). Thanks

Trading Made Simple

Thanks - will do.

Trading Made Simple

Thanks Britpip - that helps alot (and I like the way you spell colour )

Trading Made Simple

Perhaps you can help - I've spent the last two hours hunting for a CSP indicator, downloaded about 10 (none of which indicate inside bars). I'm clear that I want to be able to spot them myself, but thought having an indicator would help me learn ...

Trading Made Simple