I've found with the mindhero indicator, that if you see it appear during the first few 5min candles, that big picture (hour candle) will generally close in that direction too... so if a red arrow appears at say the 2nd 5min candle, you'll find a decent run to the short side and generally close to the short side too.
Might be of some interest to some people using it.
Ok guys I am in SHORT 4:03pm (GMT-8 ) EURUSD at 119.51 EURJPY at 1.2791
Mind you these are late entries But lets see what happens. Here we go again!
Why well.. lets just see what happens LOL
TheRumpledOne wrote:"Tro I like your flip the coin method. When I get a chance I will device an indi that does something similar. Should be fun to try out. "
That wasn't mine. It was Ronald Raygun's and if you click the link, it downloads a simulator.
after you really spend some quality time with your charts ie lots and lots of hrs------------- it really becomes quite clear look for 1's and 2's and trade accordingly