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rollingstone · 08-06-2005, 17:43

Lovely examples of "second wave" trades this evening if you missed the start of the solid move down.

Pull up a 1 minute chart of GBPUSD, add a 40 green ema, a 60 white ema and a 80 red ema, this is what I call the roadway, when you can clearly see the middle white line you know you are in a solid trend.

Add a simple 25 period Aroon and strench the chart so the scale is 50 pips from top to bottom of the screen, this way you can really see trends.

Change to heikin-ashi candles, you can now see 3 obvious places to enter the trend, when you have a new aroon 100, and a ne leg of the down heikin-ashi. Look at 17.33, 18.09 and 19.07 BST.

Any one of these would have got you into a nice move anywhere from 20 pips on the first to 40 on each of the subsequent 2, unless of course you rode the roadway all the way down.

08-06-2005, 17:43	#27 (permalink)
rollingstone level 3 Join Date: Mar 2005 Posts: 394 Rep Power: 4	Re: Scalping Strategy Lovely examples of "second wave" trades this evening if you missed the start of the solid move down. Pull up a 1 minute chart of GBPUSD, add a 40 green ema, a 60 white ema and a 80 red ema, this is what I call the roadway, when you can clearly see the middle white line you know you are in a solid trend. Add a simple 25 period Aroon and strench the chart so the scale is 50 pips from top to bottom of the screen, this way you can really see trends. Change to heikin-ashi candles, you can now see 3 obvious places to enter the trend, when you have a new aroon 100, and a ne leg of the down heikin-ashi. Look at 17.33, 18.09 and 19.07 BST. Any one of these would have got you into a nice move anywhere from 20 pips on the first to 40 on each of the subsequent 2, unless of course you rode the roadway all the way down.