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- panamamike replied Jul 28, 2014
All strength meters will give pretty much the same thing. Search FF and add one and see if it helps your trading.
As simple as possible: 00 level trading
- panamamike replied Jul 28, 2014
Personally. I wouldn't trade this system without a CSM on a 5 and 15 TF. I find it greatly increases my odds of winning trades. However, it means I trade many other pairs and spreads are important. But, I know that momo is on my side when I take a ...
As simple as possible: 00 level trading
- panamamike replied Jul 28, 2014
Ok, I have posted how I personally weed out signals. I use the same in my 1 minute trading. It works for me, but may not for others. It helps my trading a lot.
As simple as possible: 00 level trading
- panamamike replied Jul 28, 2014
No, BUT GBPCAD short was ..... image
As simple as possible: 00 level trading
- panamamike replied Jul 28, 2014
well...5 grand isn't a lot of money, but you can eat a bran muffin, drink an espresso, and borrow my toilet anytime u want

As simple as possible: 00 level trading
- panamamike replied Jul 28, 2014
To me that shows a quiet market.....anyway...back to my book.
As simple as possible: 00 level trading
- panamamike replied Jul 28, 2014
I look at the 1 hr and 15 min charts for setups. BUT, if my CSM does not agree, I simply pass on the trade. It keeps me out of most losing trades. Why trade if there is no relative strength in the position to combine with the setup? Especially in ...
As simple as possible: 00 level trading
- panamamike replied Jul 28, 2014
I posted the trade. Looking to the left, it was not ideal, but there was room to test the TP level. Also 5 and 15 M CSM had GBp on top and JPY on the bottom....if hey were not, I would not have taken the trade.
As simple as possible: 00 level trading
- panamamike replied Jul 28, 2014
Only 1 trade for me today...first GJ after LO for +5 Given the complete lack of even medium news, the market did not end last week on extremes....relatively no gaps, and a back-loaded week for news, I was expecting a lackluster day. Thus, traded/not ...
As simple as possible: 00 level trading
- panamamike replied Jul 28, 2014
looking for reasons not to take a trade. Good practice when risking 2 to get 1.
As simple as possible: 00 level trading
- panamamike replied Jul 28, 2014
Another reason would be the DP is between entry and TP...not a big fan of that setup.
As simple as possible: 00 level trading
- panamamike replied Jul 28, 2014
Until EU daily range expands (44 pips avg last 20 d) , or we see a trend at least, EU is not a pair I am willing to trade right now. I'd rather trade Euro crosses. Just my .02
As simple as possible: 00 level trading
- panamamike replied Jul 28, 2014
Agreed....no pending for me there this hour. everything sort of slopping around....typical news-less Monday. back to my book.....
As simple as possible: 00 level trading
- panamamike replied Jul 28, 2014
I mainly trade EJ, GJ,EA, GA However, I use a currency strength meter to pick opportunities with other pairs.
Daytrading/scalping with high leverage - my proven strategy
- panamamike replied Jul 24, 2014
it it was the second time you mentioned "check the rules" but you never said which rule you felt was being violated. Some trades just don't work out as no system is perfect, but sometimes there are reasons such as direct rule violations. When I ...
As simple as possible: 00 level trading
- panamamike replied Jul 24, 2014
Thank you very much! I will test it out and if all is good I will set it up to start the first trading day of August.
As simple as possible: 00 level trading
- panamamike replied Jul 24, 2014
Patience of a monk!! well done.
As simple as possible: 00 level trading