Id always advise closing positions before the news. But being a "technical" person I consult my charts....News would have an immediate effect but at higher TFs news are usually negated due to a retracement ( except for CBs interventions such as ...

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we could experience a retracement but id scalp it on a smaller TF

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Just keep going....and dont let ur loser trades discourage you

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This was my post 4 hours ago....

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Still long 3123 next resistance, s/l 32 pips from my entry point...scaled out @ 3100...

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Your s/l depends on your money management. For example if u trade on smaller tfs (m15) s/l should be smaller 30-50 pips ( 32 was ideal ), for scalping m5 s/l should be even smaller (10 pips, upper,lower BB) for higher TFs - h4 i usually look the ...

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added @ 3077

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EMA 5 close is above EMA 6 open , BB are expanding, we are below 8/8 level and I have a reverse bullish momentum divergence @ h4. I may consider a short scalp on a smaller TF ofcourse but h4 suggests further movements up.

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yea but i have multiple positions opened. I have added a long on a higher TF, and i will consider short scalping on a lesser TFs ( preferably m5 m15) if i spot a good entry

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h4 — On h4 tf there is a strong buy signal, according to all MM rules

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If the price closes below 20 EMA on 5m TF i may consider a short scalp

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U can feed ur own I dont use it really...I have developed my own system

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He doesnt charge for an indicator but for a complete set of his tools ( 16 of it), including Fibonacci BB, Moving channels, MTF status etc... Its a software package and its pretty useful, but im only using divergence indicators.

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Yea i was paying for a complete package on a monthly basis. Now lets see if it continues to work...I dunno whats happening with John Smith, those divergence indicators are pretty good if u know how to use it. They shouldnt be considered as a ...

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I like those newswires. Keep it up. A good source of information.

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I dont think so... Volume would probably be less than now and look at ATR. 3062 has been reached, PA needs to consolidate before next movement. 3092 could be a good place to short a little before next leg up, ofc bear in mind that we need to see a ...

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Needs to close above 3062

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Its not a simple indicator, its a science. For me its fashionable a lot longer

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