M1 Whats next TJ
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Thread: M1 Whats next TJ

  1. #1
    As there aren't much Discussion in M1 What is next, so I shut it and start this under Trading Journals

  2. #2
    Quote Originally Posted by ;
    I know the significant trend is down, however, the bear liquidity seems dry up, so market maker trying bull to higher price to find more liquidity. I find that, but CAN NOT do that, fear possibly, just take smaller lots, and closed my long with little pips picture
    Hahaha, MM gave me a second chance Hit my TP

  3. #3
    Quote Originally Posted by ;
    Because there are not much Discussion in M1 What's next, so I closed it and open this beneath Trading Journals
    Hello wiserltz

    Thought I could offer a few helpful words.

    Primarily I see you are trading USDCAD? Not a good idea at all. I would steer clear of the common favorites for Indices such as the plague like USDCAD, EU UJ . They tend to move in a range with a lot of spikes. You need to trade fast large range trading pairs. You need to be trading at the right time and be using the right system together with the right indiors for your own trading. For a start, get indi fast! It is meaningless and impossible. Don't understand how it is read by folks! If you're scalping it's pointless worrying about supply/demand and highs/lows. Happy if you like to send you my template.

    Regards
    Jerry

  4. #4
    Quote Originally Posted by ;
    quote Hi Thought I might provide a few words that are helpful. Firstly I see you're trading USDCAD? Not a good idea in any way. I would avoid the typical favorites for scalping like the plague, such as USDCAD, EU, GU, UJ . They have a tendency to move in a range with a lot of spikes. You have to trade fast big range trading pairs. You ought to be trading at the right time and be using the right system along with the right indiors for your own trading. To begin with, get rid of the quantity indi fast! It is impossible and meaningless. Don't know how folks...
    Hello, Jerry
    Thank you for the comments!
    Still have many things needed to understand, as a beginner I have a tendency to put everything I could get in my chart!

    Regards


    P.S. I know there are many debate about tick volume, I've studied PVSRA for a While, and still can't comprehending the usage of tick quantity in HTF(I believe it more like artwork than techincal), I mean time period larger then M15; but I loe tick quantity is useful on LTF such as M5 and M1

  5. #5

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  7. #7
    EurJpy long and close fast, I think large image is bear


  8. #8
    Quote Originally Posted by ;
    EurJpy long and close quickly, I think big picture is bear picturepicture
    Hahaha

  9. #9
    Quote Originally Posted by ;
    quote Hahaha Picture
    Great to see you on GJ and EJ. Attempt EZ, EA, EC and GA Too. Do not fret too much about spread. What is a 3 pip spread once the price moves 50 pips in 30 minutes?

    Only problem today was that your timing. Market usually takes off once 7.00am (UK summertime) if Franfurt opens and gets going after 8.00am when London opens. Look at the current action. You'll see exactly what I mean!

  10. #10
    Quote Originally Posted by ;
    quote Good to see you on GJ and EJ. Attempt GA, EA, EZ and EC . Don't worry too much about disperse. What's a 3 pip spread when the price moves 50 pips in 30 minutes? Only issue today was your timing. Market generally takes off after 7.00am (UK summertime) when Franfurt opens and really gets moving after 8.00am when London opens. Look at today's action. You will see what I mean!
    Yes, I'm considering to set a rule: trade only after Franfurt open

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