Maybe I'm missing something, but I don't see what tempted you to take a short? There have only been 2 shorts generated on that pair (EU) today( by our rules that is). The first, was a no go, due to the proximity of the support (same with the longs ...

Simple Scalping

This morning I favoured UJ; As we've said, EU looked a bit sketchy and the early S/R was a bit close. Here is UJ this morning with the S/R lines drawn in. You can probably see why it would be favoured over EU so far today. Of course the last signal ...

Simple Scalping

I don't think you understand. It doesn't matter what method you use for identifying S and R. The point is that my method, and yours it would seem, would rule out making any trades on that pair.( until the support was broken that is) Same difference. ...

Simple Scalping

But if you look left you'll see that it formed solid support on more than one occasion at around the same price level on both M15 and M5. EU , for me, hasn't given good value this morning but UJ for example has thrown up 2 very good trades. Like I ...

Simple Scalping

Yes exactly. If theres not an obvious S/R on the tf youre looking at just drop down a tf till you find one.

Simple Scalping

All I can say is that when you look at M5 / M15 the range is rather tight. I've plotted resistance and left on support. As you can see, by the time our system gives you a signal its a bit too close for comfort to S/R; Theres some value to plotting ...

Simple Scalping

The green line is support. It was a "gap" support that wasn't obvious on the M15 chart but was clear on M5. Even without that, the PA was showing support being respected. Hope that helps.

Simple Scalping

No.The criteria for a short was still there. Price hadn't meandered around the MAs but had shot straight through, and then the PA at the swing high was indicative of a stop hunt. This is where subjective thinking comes in. The probability of that ...

Simple Scalping

Thats one of those trades where even if your stop had been hit, the PA would make it a good re entry.

Simple Scalping

I've yet to be convinced that any EA , ever, can be consistently profitable in the long term. But good luck to anyone who is trying.

Simple Scalping

All tfs are valid. I look at M15 but I also look at the M1 to see the nearest S/R points above and below after consolidation

Simple Scalping

Good advice

Simple Scalping

Hi; Tested it quite extensively and came to the conclusion that over any length of time, it offers no real advantage over the original set up.

Simple Scalping

Don't worry they don't all work! What I will say is it's quite handy to look left and see where the last buff "gap" was formed after definite consolidation not just 1 or 2 bars

Simple Scalping

Cheers ,Looks handy!

Simple Scalping

Nice one. BTW whats the coloured "fill" you have between the MAs?

Simple Scalping

Firstly, you've got a heck of a lot going on there.Do you really need all of that? Secondly, both those charts would have been selling/buying into significant S/R. Best to sit those ones out.

Simple Scalping

It seems to give nice results getting signals on M5 then switching to M1 , although you're then picking tops and bottoms on the shorter TF (however this sometimes filters out those times when price "rides" the bands on M1) and requires a slightly ...

Simple Scalping

Its a bit subjective. If price is around the channel for the first time in a while, its usually a good trade. If it "meanders" around inside its a bit riskier. If it goes there without making a new low/high from the last time it was there, again ...

Simple Scalping

It was just after some trial and error. It gave the best filter for trending trades whilst also allowing tradeable conditions in a ranging market. That's all

Simple Scalping