Scalping the Eur/Usd effectively.

At the request of a few others, I would like to take this opportunity to start this
thread pertaining to scalping a few pips from this particular pair. Have had good
results over this past year utilizing this system, and wish to see if there is some
interest generated in the forum. Rules are simple: Open a 5m chart and plot the
following: (1) 2 SMA and 5 SMA with a weighted close. (2) Stochastics set at 5-3-3.
(3) ADX set at 4. Trigger is when 2 SMA hits or crosses 5 SMA, Stochastics read
above 20 for a buy signal or below 80 for a sell signal, and ADX has converged or
crossed from the bottom heading north. The ADX colors I utilize are green for the
+DI and red for the -DI. Those of you that are system traders will easily recognize
this aspect of the ADX indicator. Goal is to obtain 3 pips net profit per trade and stop
loss is 5-6 pips depending on your own tolerance. I personally use a MENTAL stop
loss with all trades and have my finger set to close a trade at all times. This will help
relieve the neccesity of adding a take profit and stop loss manually and ease concern
for brokers who may or may not hunt stop loss levels. You will need to be quick on
the trigger here and concentrate. In addition, I never trade during major news
announcements and trade from 5:00 a.m. to 11:00 am PST. This time offers decent
volatility and encompasses the later part of the London session and first several
hours of the U.S. session. With these simple rules, you can easily set up the stated
peramaters and back test this system on your own. You will find it to be approx.
90% effective and generate approx. 8 - 12 trades daily during this time frame. It is
important to note that, as with other menchanical systems, all indicators are lagging
so the best way to confirm signals is to have a 1m chart open and set the same
indicators (with the same settings) to this chart. There are no S/R levels and trend is
not of paramount concern when seeking only 3 pips. Simple mathematics will
indicate that, by trading one (1) full contract, one is easily able to generate $200.00
- $300.00 daily to begin with. Obviously, as your account grows, you will be able to
trade multiple contracts and earn a very nice income. If you want to actively trade this works well, it is not a set and forget system. Further, it may be effective on
higher TF's, but, I prefer the 5m exclusively. Like they say, "if it ain't broke, don't fix
it". Thanks for your time and best of fortune trading. Keith
Will work on some screen shots to post this weekend. Have to figure out the
mechanics of that. And yes, you can have a five pip S/L with a 2 pip spread. Risk to
Reward on this system is 1 - 2, however, when you generate 90% winning trades
the percieved poor R/R is easily compensated for.
#8
As this is how I earn my living, I am very cautious and conservative by nature. I
spent a considerable amount of time back testing and more importantly, demo
testing. My results are easily confirmed by back testing just a couple of weeks from
the 5:00 to 11:00 pst time frame. As I mentioned, please feel free to set the
indicators on a 5m chart and verify for yourself. That is the prudent course of action
in any investment scenario. I understand your concern and appreciate your
verification on your own of my claim.
Yes that is what a signal looks like. You could have taken it 5 minutes or so earlier as
could be shown on a 1m chart. Put the charts up (1m &5m) side by side and you can
better define entry and exit times. Thanks for posting that chart. I still need to work
on that as I am not familiar with those mechanics yet.
#22
Any MAJOR news is disruptive to the system. New York manufacturing was just
released at 5:50 pst. That is not a major release. Tic data is due out at 6:00 pst.
That is a market mover. That said, I will trade until five minutes before this release.
Then, will have a cup of joe and wait about 20 minutes or so before resuming trading.

Have tested several Scott. None have been as consistant as this. Yen crosses are
very volatile, however, the GBP/JPY has shown a pretty good track record. I trade 8
contracts per trade personally, and having to endure a 9 pip spread is just not a
viable option to me. I prefer slow and steady. In baseball terminology, I play "small
ball". Try for base hits, bunt, hit and run and occassionally steal a base. Not much
power in the lineup.
#73
Immediately is the method I prefer. Eur/Usd has the ability to move 8-16 pips in a
5m candle quite often, however, I am a quick trigger. Normally, if you wait for the
next candle, you can refer to the 1m chart and possibly still make the trade
profitable. This is a system whereas practice makes perfect.
#81
Also, ADX is a very lagging indicator used mostly for confirmation. The more you
trade this the better feel for where the ADX is headed you will develope. Again, I
have been able to base most trades off of reference to the 1m chart.
#83
Hello, I've been playing with this technique this morning and while I about 50/50 its
appealing and will be better with practice. I am using waddah attar's ADX. Its much
easier to read for me. I've attached below.
Attached Files
Waddah Attar ADXxBollinger.mq4 (2.5 KB, 96 views
Lipiricus / Handyman

Nice clear indicator lipiricus. Will see about using it myself. Thx.. Handyman, hang in
there, it will be worth it.
#89
Signals

Above 80 and dropping below for a sell, below 20 and rising acove for a buy. ADX (4)
DI+ crossing DI- in an upwards direction for buy. DI- crossing DI+ in an UPWARDS
direction for a sell. 2 SMA touching or crossing 5 SMA for both buy and sell. Let me
know if any questions
Must reach eith OB or OS and be falling below 80 or rising above 20 to initiate trade.
#94
Mr. H., the main is the one I utilize and I see the short you just tried. Personally, I
stop trading at 18:00 gmt as my system has been exhaustively tested to work best
between 12:00 and 18:00 gmt. Also, I recommend deleting the signal line on the
stoch. as it is one less thing to worry about.
#97
Signals

On the 1m chart, I utilize this for directional confirmation only. 1m chart will lead 5m
chart by around 2 - 3 minutes. Put these two charts side by side on your screen and
it becomes easy to see the pattern development. Also, the 1m chart will at times be
showing a buy signal when the 5m charts is setting up for a sell signal. Simply wait
until the 1m chart produces a sell signal again so that both charts are giving the
same signal. Same is true of the opposite. The 5m chart may be setting up to five a
buy signal while the 1m chart is showing a sell signal. Let the 1m chart run its course
and wait until you get a signal in the same direction on both charts. #99
Very true! However, if you will go back on a 1m chart you will see the timing of the
trade was implemented accordingly in order to avoid to large wick which would have
stopped out the position. As I mentioned before, that is where it is important to have
a 1m chart side by side the 5m in order to ascertain proper entry into the trade.
Good question though, hope the answer is sufficient, if not please inquire further.
I use the 1m chart to time the entry into the 5m chart trade. The peramaters set on
the 1m are the same. You could indeed use a 4 pip SL instead by baktesting and
demo testing have provided that the 5 pip S/L allows a tad more room for the trade
to complete its course. By using a 4 pip S/L you will find that your pwinning

percentage falls about 8 - 10%. Still would be acceptable but it begs the question "if
it aint broke, dont fix it". You will also fing that, by using this same system, you can
actually trade of the 1m chart exclusively. I myself trade the 1m chart much of the
time, however, the winning % is around 68 - 70% and generates far more trades on
a daily basis. My trading style is active but that is somewhat nervewracking at times,
having to be glues to a 1m chart with all the gyrations. To each his own though, as
all individuals utilize their own trading personality to their best extent. Best of luck.
#113
Thanks for the reply my friend. So basically the method would be thus..
I see that price is OS/OB on the 5m i see that ADX is converging or pointing up. I
look over at the 1m and watch for the ma cross and adx to match and get in maybe
2-3 mins earlier then if i had waited for the 5m. Is this correct?
#114
Innosan
Not exactly. To do as you say would be akin to simply trading off the 1m chart alone.
It simply works best for me to ensure that the 1m is in sell mode when I initiate a
5m trade and vice versa. I am not interested in entering the trade earlier as the
winning percentage obtained over these last months far outweighs the need to try to
extract a few extra pips. As a multiple contract trader, greed and emotion are left on
the doorstep when in the office. Every one of you that trade for a living will
acknowledge that simple but oh so elesive trading principle. If you are available, will
be online in the a.m. from 12:00 to 18:00 trying to extract a few crumbs from this
1.5 trillion daily monster. Join if you can or feel free to ask any other question as I
will answer all to the best of my ability. Have a good evening
#115
I have not been able to backtest or trade during the London open. Do not bother
with Sydney / Asia sessions as far to little volatility needed for movement. I catch
the las few hours during London so I would imagine the whole session may be
conducive to obtaining a few pips. I will review that time frame this weekend and see.
Maybe one of you can backtest a bit a see also. Would appreciate the input.
#127
How many took the trade on the 13:00 candle or waitied for the 13:05 candle.
Personally, while observing the 1m chart, I notices that a 2nd long opportunity
developed @ 13:09. Buy @ 1.5463 on the 5m chart (13:10), out at 1.5470 on same
candle (2 extra pips). This is why you OBSERVE the 1m chart so as to better time
your trades. Place byu trades when BOTH charts are giving buy signals, opposite for
sells. With regard to the ADX, it is a confirmation indicator, by observing the 1m
chart, which should be side by side with the 5m chart on your screen, you will be
better able to handle this system. Remember, ALL INDICATORS ARE LAGGING! You
will never find a system that tell ahead of time where price is heading. However, with
a little practice, you will confidently be able to FEEL that this particular pair is going
to move to a certain area before potentially turning. That is exactly why I shoot for
just a few crumbs off of the giants plate. It is enough to sustain life for me, and also
for YOU! 1ST TRADE COMPLETE!
#131
Trading room available

OK, we have a trading room.

It's name is "Scalping EU effectively" and it is located @ tradingrooms.com.
Please go to www.tradingrooms.com. Download the application (no adaware /
spyware). Register for free and log on.
The trading room path is (you do only once) Tradingrooms directory -> trading
rooms -> community trading rooms -> Scalping EU effectively.
That is all. It will take you 5 minutes and you will be great full !!!
This way we will have real time chatting and chart sharing for comments and

examples.
BR
Dani M
#140
Hi Dan,
Thanks for the kind words. Here's the indicator you wanted. Hope it helps you, I like
the clear signals too!
Attached Files
#188
Advanced_ADX.ex4 (2.3 KB, 147 views)
Long as it has broken 20 and heading up, that is good enough. It does not need to
have just broken 20.
#197
Normally, entry is on same or previous candle. Usually these a quick trades. When
you see the signal you make the trade. As always, it helps to have the 1m chart side
by side with the 5m to time the trade best.
#199
For M.A.C. Doug

Have seen many of your posts in the past and respect your opinion. Thanks for
dropping by. You are quite correct that this trading is discretionary. However, I must
disagree that the triggers are subject to interpretation. A SMA touch or cross is
exactly that, a stochastic movement above 20 or below 80 is exactly that. An ADX
cross is an ADX cross. By placing these indicators on a 1m and 5m chart, placing
them side by side on a computer screen, and observing the price movement for a
potential 5 pip total move is not to perplexing a task even for a beginning trader. It
does indeed take some practice on opening and closing a trade relatively quickly, but,
that is exactly why demo accounts are offered by any decent brokerage. You are also
correct in that it can be dangerous, however, I have yet to see any system
(mechanical or automated) that offers trade possibilites at zero risk. That is simply
the nature of the business. All trades are considered investments and with them
comes the risk associated with such. In addition, trying to achieve profitable results
by simply looking for crumbs is far less dangerous that risking a 30 - 40 pip SL in
order to obtain those elusive 100 pip moves. This is not the GBP/JPY pair and moves
with far less volatility and in a much more orderly fashion. Am a bit perplexed as to
the losing pattern you observe, last I checked Friday was a 5-1 day and the week
was around 46-3 winners to losers. There may be better opportunities to obtain
profits by garnishing more pips, however, being conserative by nature, I am
confident in my methodology as set forth and have been well served by following the
preset guidelines for some time. Perhaps, if time permits, you can join in an active
session and maybe we can work to dispell some of your concerns, and possibly those
of other potential traders looking for a better way of life. It costs absolutely nothing
but some time and the thread is available to all. I trade from 12:00 to around 18:00
gmt (5 a.m. to 11 a.m. pst) and welcome all questions and observations. I will
attempt to answer as quickly as possible, and also try to inform anyone present to
any unfolding opportunities that may exist. Lastly, while I am sure it would be
convienent to have posted all charts with entry signals, that simply is not possible as
it would encompass literally dozen of 1m charts. I simply do not have the time to
tackle that particular task. Besides, the 5m charts posted easily afford an individual
the ability to look up those times shown as trades on a 1m chart at any time to see
for themselves what the price action was doing at that moment. They can do so
anytime from 20:00 gmt Friday to Sunday afternoon as the market sleeps then. In
addition, they can simply turn off their "autoscroll" feature during live trading hours
and check trade just minutes after occuring. Hope this helps and I again invite you to
join in at any time "live" and at your convienence. Regards, X
#204

Sorry for such a long winded post previously. In summation, your risk is only "5"
pips, your reward is 3 pips (or more if so inclined by observing the price action), and
the signals (while lagging as all indicators are) are direct and defined. You do have to
pay attention and develope a feel for this trading style. If you want to earn a living at
this, you have to find a comfort level particular to ones own individuality. Trading
one full contract for the week in this pair would have provided $1,230.00 (48 wins at
$30 - 3 loses at $50). That is modest I admit, however, as one gains experience and
comfort in the method, simple mathematics dictates that trading 2, 3 or 4 contracts
will easily afford a comfortable lifestyle for even the most materialistic personality. I
personally dislike the idea of all my efforts providing rewards to individuals whom,
for the most part, are overly demanding and ungrateful. In short, I do not like
bosses (wife excluded) and am better suited to helping provide a playing field that is
LEVEL and where ANYONE can play. As time progresses, I hope to help at least "one"
individual succeed and find that Forex trading is not about the money, it is about the
challenge to successfully enter the currency arena, battle the monster on a daily
basis and win, and live to battle the next day. It is actually FUN. This is simply my
own personal perspective, I appologize wholeheartedly for any offense given. Great
trading to all. Remember the phrase in "Gladiator", "What we do in life, echo's in
eternity". Help who you can folks, life is far too short to have given nothing and
asked for everything. Strength and Honor! X
#205
Thx "G". Sorry Scott, thought you were referring to the above trade from another
poster. Here are the 1m and 5m charts with each trade identified. From my
perspective, each trade had the prerequisite signals. 1st trade had SMA touch &
cross, stoch. falling below 80 and ADX cross. (see brown circles). 2nd trade was
almost as good with the exception that the stoch signal led the others by 2m on the
1m chart (see blue boxes). This is not a system that you load in the computer and
autotrade. Have to be a little flexible and wait for signals to allaign. Hope this helps
clarify matters. "G", let me know soon about any modifications you have in mind.
Always interested in making the system better if possible.
#215
Sorry I never got to your question this past week. I do not wait for a 5m candle to
close all the time. It depends on the signal strength on the 1m as to whether or not I
trade the current candle or not. Hope that makes sense. It is just a "feel" thing and
as this progresses I would advise others online at the time as to my intent. X #222
To be quite honest, it is imperative to have both the 1m and 5m side by side in order
for me to be able to pull the trigger on time. It can be achieved with practice and
takes only a couple of days to develope this skill set. #224
Tips,Tricks,&Training

Howdy Folks!
First of all, a Major League "THANK YOU" to ExpatXXXX for unselfishly sharing his
system, his time, and his teachings with all of us. Last week was exciting & it's only
gonna get better.
By the way Expat, congratulations to your daughter on her graduation. I wish her all
the best that life has to offer.
OK - I'd like to offer up some ideas and suggestions to help traders out with Expat's
scalping system.
1. Have a 1M & 5M chart side by side on your screen. The 1M is building the
5M chart,therefore the 1M will give you an early warning and confirmation
of when the signals begin to appear on the 5M chart.
2. Use the "Magnified Market Price" indicator on your charts. The action
happens quickly when you're scalping, so if you're using a mental stop loss
& mental take profit {which you should be} this indicator makes the market

price easy to see at a glance.

3. Daily Pivot Points: The "Big Boys", Banks, Institutional Traders, Fund
Managers, Floor Traders, and Corporations use Pivot Points to base many of
their trading decisions on. That's why you will always see price react around
these pivot points. It's a good idea to have the daily pivot points plotted on
your charts, so you're ready to take advantage of opportunities when price
hits these pivotal resistance and support areas.
4. IMPORTANT: How to place your trades, showing your exact entries
and exits on your charts
What I'm going to show you here is a valuable learning tool. You'll learn
how to place all your completed trades from your trading session, ie. 12:00
GMT - 18:00 GMT on your charts quickly and easily.
This way you'll be able to go back at the end of your trading day and review
each of the trades you took. You'll be able to see if you had the right signals
to enter the trade or not. Also with your closed trade entered on the chart,
you can post the chart on this thread, that way we can all analyze it and
help each other learn as we progress with Expat's System.
A. After you've closed a trade, go to your Terminal on your platform and
click on "Account History". Find the trade you closed and left click any
where on the line of that trade, hold it and drag your cursor on the chart
and release the mouse. {Drag & Drop} If it was a buy trade, you'll see a
little sideways blue arrow at the price you entered with a dotted blue line
leading to a gold triangle, the price you closed at.
A sell trade will show a little red arrow with a red dotted line leading to a
gold triangle.
B. Drag and Drop your closed trades on both the 1M & 5M charts. You can
drag & drop your trades right after the trade is done or at the end of your
trading session for the day. It's not necessary to drag and drop your trade on
the candle you closed on, you can drop it on the chart any time after the
trade is closed and the platform software will place it exactly where the
trade took place.
This is a great tool for practice and review of our entry criteria. Another cool
feature is when you place your cursor over the arrow of a trade you entered,
it'll show the order ticket #, number of lots, and price you entered the trade.
When you put your cursor over the gold exit triangle, it shows order ticket#,
number of lots, entry price, and price trade was closed at. What a great tool
for reviewing and keeping a trade journal for your progress.
On the attached chart, you see the 1M & 5M side by side with a closed trade
{sell} showing entry and exit. You also see the box with the closed trade
data on it where I was holding my cursor over the gold triangle. Also note
the magnified market price indicator, which makes price easy to see at a
glance.
I'm attaching the Daily Pivot indicator and Magnified Market Price indicator
if you'd like to use them.
#229
Beyond words.

Thunderwolf

Thx to T-wolf for really going above and beyong in an effort to promote
comprehensive and invaluable insight into simplifying every possible matter of
concern to traders. Truly, you have done yoaman like work there. This thread, as
stated, has some really promising potential here. We have curious george traders,
seeking sally's, technical tom's and a slew of well informed and astute individuals
who recognize a potential mainstay when they see it. As time progresses, I am
confident that things will indeed progress to the point where we all may actually put

a few dollars in our pocket. I thank you for the kind words for my daughter, off to
the "U" soon. As a graduation gift, I have funded an account with 5k so as to trade a
contract or two so she has a little bling bling during her time in school. Just thought
it would be nice, as she will be provided the balance of the account and a revised
trading plan upon graduation. At the very least, I anticipate the opportunity to
supplement her meager nuerosurgeon wage. This is a very exciting time, I think for
ALL of us. Must have done a review of almost every poster to this thread the last few
days. You people are amazing!! From all corners of the globe, it seems as though we
are thousands of miles apart, yet we all sit in the same exact time and space thanks
to modern technology. Please know that, whether a fan or critic, I value all of your
opinions, consider all your thoughts and appreciate all your time and efforts. While
we may never meet in person, I hold ALL of you in high regard. Yep, even poor old
"JETA", who really got on the wrong side of a few. I do hope he (she) returns
because I believe that is one individual really wants to fing their niche but may come
off as overbearing through no fault of their own. Well folks, looking forward to
Monday. It is normally a good 8-11 trade day and will be looking for at least an 8-1
record to start the week. Just like to have goals. Again, thx to everyone and lets just
"plan the trade and trade the plan". X
#237
Hi Carllos. Stochastics does not have to have "just" crossed the 80 or 20 boundry. It
simply has to have crossed 80 from the top down for a short or crossed 20 from the
bottom up for a long. Foe example, if you are looking for a short, the stch could have
crossed 80 headed south and actually read around 40-50 when all signals confirm.
There is quite a bit of room for play there. That is why an EA may be a bad idea as it
could signal a trade early. What do you think?
#239
Stochastics

In fact, when playing off the 1m chart, stoch may have crossed the 80 level and
already gone all the way BELOW 20 before you get the proper signal on the 5m chart.
Stochastics is yet another "confirming" signal, not a leading signal. We simply have
to interpret it as a leading signal when trading. There is no way around this. Take a
look at the EUR/USD monthly chart. Stoch has been hanging above 80 for about a
YEAR. Now that is a long time to wait for a sell signal. Yet, we have around a 600 pip
correction or trend change in the last month. That is one heck of a bunch of coin to
be throwing away waiting for something that may happen this week or this year. We
need to improvise, adapt and overcome. We take the best signal the giant (Forex)
market is willing to give, do not be greedy, and take the table scraps offered and
thank the market for that. It ain't perfect, but we ain't starving either. #240
Mtrader.

Hello and welcome to the asylum. It is not hard work to me personally. You have to
have a short tem and focus mindset to trade this style. MAny individuals are more
acclemated to larger TF's such as 30m, 1H and 4H. There are many great
opportunities for those traders also. I simply would fall asleep trying to trade those
periods. And, I dislike personally any trading that requirs 20 pip or better SL
measures as most beginning traders do not start out with sufficient capitailization of
an account to trade in that manner (imho). This strategy allows for very active
participation, learing to trade quickly and efficiently, growth of trading capital and a
certain measure of confidence building. When a trader feels they are ready, the are
of course welcome to graduate themself up to another arenas (tf's) offering a
seperate set of risk/reward scenarios. I believe that one should crawl before they
walk, and walk before they walk a bit faster. NEVER RUN IN THE HALLS OF THE
FOREX. You will get a detention (monetary penalty) you will not soon recover from.
#243
Ithas been suggested that one could leave the 5m trade in place until obtaining a
larger tp level or getting a reverse signal. As mentioen many posts ago, I trade a bit

larger than some and go after a specific tp level without deviation. At times,
Momentum has given a couple of extra bones (pips) but that is strictly by chance. X
Good response. I am not sure on the 3% capital risk strategy. I personally use a bit
more. If one starts trading with 5k, that is only $150 being utilized to obtain profits.
On a system such as this, your risk is only around $2.50 as you woul be trading
at .05 of contract spec.. It would take many, many trades to build up to a point
whereas you can obtain an income from trading. Now please do not misunderstand
me, I fully realize that you are stating the old axom time tested formula for investing
and outlay of risk capital. Everyone has to establish their own comfort zone and I will
always agree in principle to your statement. I only want to set forth an alternative
investment methodology. Using that same 5k, one could embark on a trading
adventure utilizing 20% (1k) of trading capital as a risk tolerance level. As such, this
system currently has a risk per trade of $50. As this pair requires a $1k margin to
trade, you would have to incur some 80 or so losing trades consecutively in order to
approach a margin call. In addition, this same individual keeps an adequate reserve
($4k) to cover any catastrophies. While theoretically possible, it is simply not
plausible based on previous results. Even at a 70% win/loss ratio, this system would
make a decent ROI of around 24% MONTHLY. Based on 200 trades average per
month, you would have 140 wins and 60 losses. That works out to a net $1,200.00
per month to one trading account. (140 wins at $30 ($4200.00) - 60 losses at $50
($3000.00) = $1,200.00. At that rate, one could add one contract to their position
and carry on. Just a different perspective for review, no offense intended. #254
No doubt about it, however, I seek consistant pips as opposed to more pips. It is a
mindset thing with me. Would rather get my 3 pips a large percentage of the time
than go for 10 pips and take the chance of the monster taking my crumbs from me.
Just my trading style I guess. X
#270
Rule #1

Meaning no offense to anyone, here is my own Rule #1. "Thou shalt not deviate from
the plan". When I am up 3 pips net I close the trade. When I am down five pips (incl.
spread) I close the trade. It is far more intense when trading with real as opposed to
cyber capital. Even more so when one trades a bit larger than some. I simply refuse
to give back a gift. As mentioned a few posts earlier, everyone has to develope their
own style and financial loss tolerance. Rule #2 btw is "Plan the trade, and then trade
the plan". X
#272
Yeah, that is the plan. At times, momentum might get an extra pip or so on a trade,
but rarely do I even get that. It seems that most of the time, once you initiate an
order, if the first movement (pip) is in the trade direction it tends to be a positive
trade. It also seems that it is a very good trade from a percentage point if both the
1m and 5m are closely related. That being the signals are generated on the 1m and
minute or two before the 5m triggers. For me, that is yet another decision to make
as to how much capital to invest in the trade. X
#275
Reviewed post #1 and do not see where it mentions to take any trade on next candle.
Price movement demands at least some flexibility on ones behalf. That is why you
have a 1m chart side by side with the 5m. As the 5m price action happens, and you
can see it it reaching a point of possible signal generation, you observe the 1m chart
for a chance to time the trade in the right direction. If going long, you want the 1m
to have provided a signal 2-3 minutes earlier. You then just wait for the 5m signals
to develope completely and initiate the trade. As with T-wolf, practice identification
of the signals in an off session (like now), and then join the fun from 12:00 to 18:00
M-F. Also, further posts have mentioned that you can have opportunities to take

trades on Current 5m candles. You just need to get comfortable following the price
action with this pair. X
#281
CCI indicator with a setting of 8 will mirror a buy or sell ADX signal on a 5m chart.
It depends. If the SMA lines are touching or crossing on the 5m chart, it is almost a
sure bet the stoch. and ADX have already signaled. If that occurs on the current
candle, I pull the trigger then and there. If the 1m and 5m charts are in confirmation,
I take the trade as soon as I observe that. At times, you might have a sell on the 1m
and a buy on the 5m, simply wait for the nest buy on the 1m and trade the candle
corresponding on the 5m. In more simple terms, the trade will happen on the current
or subsequent 5m candle dependant upon what the 1m chart shows.
#294
Emarco, this is what it looks like on Interbank.
Quote:

Originally Posted by emacro

expat
What does 'simple moving average, with weighted close' mean? Are they exponential
moving averages?
It would be good to post your 'template' so the charts can be standardised.
Attached Images

#341

BenQ

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