Andrew Lewis commented on Francesc Riverola's blog post Forex Oracle of the Week Contest - Do You Know Friday's London Open Time For Cable? Place Your Bets Here!
Andrew Lewis commented on Francesc Riverola's blog post Forex Oracle of the Week Contest - Do You Know Friday's London Open Time For Cable? Place Your Bets Here!
Andrew Lewis commented on Francesc Riverola's blog post Forex Oracle of the Week Contest - Do You Know Friday's London Open Time For Cable? Place Your Bets Here!
Andrew Lewis commented on Francesc Riverola's blog post Forex Oracle of the Week Contest - Do You Know Friday's London Open Time For Cable? Place Your Bets Here!
Andrew Lewis commented on Francesc Riverola's blog post Forex Oracle of the Week Contest - Do You Know Friday's London Open Time For Cable? Place Your Bets Here!
Andrew Lewis commented on Francesc Riverola's blog post Forex Oracle of the Week Contest - Do You Know Friday's London Open Time For Cable? Place Your Bets Here!
Andrew Lewis commented on Francesc Riverola's blog post Forex Oracle of the Week Contest - Do You Know Friday's London Open Time For Cable? Place Your Bets Here!
Andrew Lewis commented on Francesc Riverola's blog post Forex Oracle of the Week Contest - Do You Know Friday's London Open Time For Cable? Place Your Bets Here!
Andrew Lewis commented on Francesc Riverola's blog post Glory to Haitham653 and Andrew Lewis!, our Forex Oracle of the Week
Andrew Lewis commented on Francesc Riverola's blog post Become our Forex Oracle of the Week and Let's Have Some Fun. Place Your Bets Here!
Andrew Lewis commented on Francesc Riverola's blog post Become our Forex Oracle of the Week and Let's Have Some Fun. Place Your Bets Here!
Andrew Lewis commented on Andrew Lewis's blog post I am thinking "long" riiiight here-ish...
Andrew Lewis commented on Andrew Lewis's blog post I am thinking "long" riiiight here-ish...
Andrew Lewis commented on Andrew Lewis's blog post Whoa talk about a "New York Reversal"
Andrew Lewis commented on Andrew Lewis's blog post Whoa talk about a "New York Reversal"Posted on May 8, 2013 at 9:03pm 0 Comments 1 Like
Many Happy Retracements! :)
Posted on February 25, 2013 at 3:30pm 4 Comments 4 Likes
The fabled New York Reversal has again cut in front of you in traffic! Right on the open, the whole direction for the session does an about-face. Nothing like a little road rage from the morning commute to work to make global markets feel our pain...…
Posted on February 22, 2013 at 2:12am 2 Comments 3 Likes
Seeing as how Quantitative Easing is continuing full force (regardless that the FOMC is now thinking of tapering it off, it is still continuing), then I expect USD to continue to drop. Europe is a mixed bag, but not in a panic, so at least the general picture there is stable. So, I expect EURUSD to incline upside. On the daily chart, the trend is still up, despite the strong recent pullback:…
ContinuePosted on February 21, 2013 at 12:50am 5 Comments 0 Likes
Both EURUSD and S&P futures have come down to an important demand level..will they both turn and go up?? will the break down???
Continue
Peter jcp said… Hi Andrew
Info re scalping. I think you know by know i use a tick chart in conjuntion with lookiing for either way moves based on the 30 min and 60 min charts etc . my tick charts features linear regressions lines at 200 350 450 and 750 along with 2 parabolics set at 0.002 plus 0.001 and the other at 0.002 and 0.003 setting.
The idea is when the ticks have the lines under them - we should be going up - and when over them and turning down - the price should come down.
I also use it in with fib and support levels plus time changes from 10 15 and 30 min frame changes
I am sure your own system works well and this might compliment it as well as i have tested it and fine tuned it. Remember evry tick chart is slightly different - so play with seetings to you get a nice flow and a traffic light sequence if needed
I dont mind sharing as long as we both gain and make more pips s- good luck and any tips you have love to hear them - all the best and good trading
Regards
Peter
Andrew Lewis said… Thank you for your comments, I really appreciate that! I definitely have to experiment with your set up, I've never seen parabolics on a tick chart, so that would be worthwhile playing with.
I use 1 min, 15 min, 1 hour and 4 hour. I wait for price to come to some fib level (I put down fibs in different time frames, so on 4 hour its the previous daily-weekly moves, on hourly its the move of the previous couple of days, on the 15 its any significant intra day moves, and I pay attention to areas where multiple fib lines converge), then I trade a bounce or a pop through that level. I use over-bought/over-sold signals on a 1 min stoch to confirm that a bounce may occur at a level, or divergence on the stoch. For entry timing I watch the bid and the ask, and a rush away from a level (a move greater than average volatility for the moment) confirms that the level is meaningful and playing a role. Stop is 5-7 pips, or I'll close the position if price rushes back towards the level (watching bid and ask). Once profitable, I'll take half off if price hesitates or looks like it will reverse, while putting a stop on break even for the rest. I'm really bad at letting profits run, so I am still working on that. I'm still trying to figure out how to incorporate 123 patterns and harmonic patterns, so I am working on looking for those.
Watching the tick may be better then simply watching the bid and ask, so I'll experiment with that. Thanks again!
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