xard777 wrote: ↑Tue Jan 07, 2020 12:20 pm128 Pip$ booked from open on HK50... no need to be greedy.
As you can see price then went down and filled the gap then crossed back up on our 1 min chart to make a new high.
Trading finished for today after just 30 mins :-)
+247 Pip$ in total Booked. 1st trade was the gap open, 2nd trade was after the gap was filled and price crosses back up.
Both trades were with the UP Trend (Above the Green Trend ribbon).
Note, No recalculating indys were harmed in any way during the course of this morning's trades.
I like the new Trend ribbon, makes it easy for directional trading.
Nice... looks simple!
Are you taking into consideration any higher timeframes for direction, or just the 5 min / 1 min and whatever the Trend Ribbon is showing at the time?
XARD: Yes, I will look at 15min & 1hr too.