Welcome Matt to the forum. How successful have you been with your methods so far? Dont you find a lot of noise on short time frames?
Thank you. Check PM Again, w/ all my indicators I can sniff out the noise. Going to switch brokers very soon, as, my spread on this pair is 7. You can imagine how difficult that can be to overcome when scalping this pair.
I didn't like that trade when I first saw it.. Lags say no way, ADX is low, price has been hovering above 60ema for hours now. It's going to sell off just wait for it to punch the 60ema.
Out at 228. -86 pips. Rather disconcerting the £/$ jumped 100+pips in the last 15 minutes to knock me out. Massive quick news, not sure what caused that.
Massive pump of liquidity by central banks.. You can't short there. Not when we have all this free money!
+6 pips. Changed my viewpoint. Going short. Mkt has been a but disappointing since the initial excitement worn off. Short 229.95 tp 227.5 st 231.
Must have been the Price Action that tipped you off LOL. Good to see you cutting your loses on past few trades rather than waiting for your SL to be hit. I'm not a big fan of your 2/1 TP/SL. GTing For the record my ATS is still long from 225.96. Some filters are being hit in the consolidation but not enough to close. Seems a nice upside flag has formed and sitting right on 4hr support. We'll see.
Yes the 2:1 thing is tough to stick too, but thats what my system suggests. I think we'll move down as the equity mkt and sterling look toppy. I hate these 300 pip down one day, 300pip up the next markets.