Australia's largest stock trading and investment forum Australia's #1 stock forum

Forex trading 2019 TA/FA setups and discussion, page-177

First 177 Last

Share
Profile

Follow
masonhlsy

69 Posts.

25/01/19

13:17

Post #: 37224573
Share

Originally posted by RickM ↑

Hi Guys

I have started trading manually hard again this week trading a couple of my strategy's I have talked about since 2017.
But my focus is on the One Minute chart where I have been trading a new concept for about 6 weeks ( minus xmas break ).
I am trading the speed of the Tick Movement because I now believe the Tick Speed is the urgency of the market to move quickly to close orders.
Here is my Chart setup where I am attempting to trade on the increase of speed at the point of a candle breakout or a Reversal.

On the EURAUD chart, you can see I am looking for these extreme speed changes which is normally about 3 - 8 times the average static Tick speed. I have established a regular daily pip win between 50 - 80 pips per London session so lets see if this strategy works in the long term.
Just to give you a idea how it works, I was looking for a Short entry in the Beast about 30 minute ago and noticed a -8 speed direction change on the meter.
I took the short.
The trade lasted 40 seconds for 18 pips and I exited when the speed stalled from a top speed of +22 down to a stall speed of +2.

Expand

Hey Rick,

So is tick speed the same as tick volumes? Otherwise how is the tick speed calculated?

I really like the concept of your strategy, M1 is too fast for me though.

Thanks for sharing,
Upvote

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

AXP

Tambourah chases gold veins and mineralisation extension with drilling

There are more pages in this discussion • 291 more messages in this thread...

First 177 Last

SPONSORED BY