Monday 21st March

by 23:51 1 comments
As I said at the end of last week, i'm spending this week concentrating on the use of trigger numbers on a 5 minute chart. Got the week off to a good start with a winning trade on Cable.

Two high volume down bars which I drew triggers from, they were almost immediately tested for a quick 19pip trade. The triggers were then tested again at two further points later in the day but I didn't enter at these positions.

I entered on the high of the first test highlighted but the other two were perfectly good entries as well.

Cable 5min

Great start to the week, someone suggested earlier that I should trade micro amounts so i'm going to try that out tomorrow instead of just doing it on paper. 

That's all from me for today,





28. Forex. Trading. Music. Beer. Food. Travel.

1 comment:

  1. Hey Liam
    Still following your trigger points, er well trying..I don't have TG of course but there was a huge difference in vol bars from Netdania Chart to yours this time..those 2 high vol down bars at your trigger point showed up almost as nil vol on their extreme zero vol almost! Hopefully just a glitch as usually their charts seem ok, but I would never have seen those triggers if using the netdania chart... MT4 with Alpari did show a pretty decent similarity though with your chart in this instance however.
    Keep up the gd work. Ciaran