DislikedI seen that you use buy/sell orders to trade the bounce of 200 ema. Can you offer more details about this, please?! (TP, SL, when you trade this bounces and when you don't)Ignored
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DislikedI seen that you use buy/sell orders to trade the bounce of 200 ema. Can you offer more details about this, please?! (TP, SL, when you trade this bounces and when you don't)Ignored
DislikedBeen away for awhile due to professional duties....
Today had one trade After the newsIgnored
DislikedI want to keep track of the high and low in the London Session but so far there doesn't seem to be an indicator that accurately shows this.Ignored
DislikedI modified the two attached indicators to show the open, the close, the high and the low of each session. ...Ignored
DislikedI've been active in this thread some 8-9 months ago, then decided to abandon indicators to focus on PA and now Im back again. Hopefully smarter
I plan to use the TDI as a confirmation for my setups, which are based around S&D or S&R levels. Thats why I also wont use the synergy candles as I need to see price clearly.
My main indication will be the breakout of the volatility bands, which, if coinciding with a premarked level, will be a very good setup. At least thats the theory, after doing some backtesting. I will also use the indy for divergence.
I...Ignored
DislikedWelcome back. Nice pips, see told you you would be getting more pips than me and I would have trouble keeping up.
Your lilac boxes showing High/Lows do your draw them by hand and how do you use them in your trading?Ignored
DislikedIn case any one else has been having the same problem with incorrectly marked highs and lows:
Found that Phx62's post #7147 page 477 provides the answer to the problemIgnored
DislikedIts good to be back and Im sure you are doing much more pips than i do.
I was also recently studying more about moving averages. Actually i do believe they are very important(specially 10,50 and 200 ema) and i wasnt using them properly...
Those boxes are done with an indicator called Timezones.
I use it to help me visualize high and lows as points of minor support and resistances.
also by a quick glance it helps me see the trend (if boxes are going up or down)Ignored
DislikedHave you tried the Stochastic at 8,3,3, shows divergence better than the TDI and shows momentum better. Also, if you want to see the cross just add a 10sma applied to the first indicator, this crosses at the same time as the TDI, some times a little earlier.Ignored
DislikedI would like to set up my charts to show the London and New York sessions with a boxed outline so that the box expands to the high and low of the session much like Phx62 uses.
The nearest I can find is Sessions.mq4 - See screenshot. The verticals work fine but the horizontals for the high and low seem to be offset by one candle so not ideal.
Can anyone advise on something better. I have tried the various ones listed in the attachments for this thread but no luck so far. Any help with this would be great - thanksIgnored
Dislikedmunirpt,
You gave us a translated price action PDFs, which I read and benefit a lot
I would like if you can guide me about using ATR, I think it save time figuring stop loss or even take profit, correct me if am wrong
I'm asking about ATR because most of the time I find when I enter a trade that stop loss reaches up to -60 pips , and then breathes and continue making profitable pips
So what I do is, whenever I enter a trade, First I set my TP and then give the trade a room to breathe , and then only I set my stop loss, I think I most of the...Ignored
Dislikeddee50
I just cant figure a way so far to correctly back test, I have back test to practice the strategy , so what I did was just to try as much as possible to understand entry point, but don't know how to correctly find a stop loss in back testing
I have been studying Forex for 2 months only, so I think there are loads of problems that I have to fix to correctly be on the right track, studying as much as possible, but it needs time and experience
now , normal how much draw down should I accept on 1H chart when enter a trade?
Thanks for concern...Ignored
Dislikeddee50
I just cant figure a way so far to correctly back test, I have back test to practice the strategy , so what I did was just to try as much as possible to understand entry point, but don't know how to correctly find a stop loss in back testing
I have been studying Forex for 2 months only, so I think there are loads of problems that I have to fix to correctly be on the right track, studying as much as possible, but it needs time and experience
now , normal how much draw down should I accept on 1H chart when enter a trade?
Thanks for concern...Ignored
Dislikeddee50
I just cant figure a way so far to correctly back test, I have back test to practice the strategy , so what I did was just to try as much as possible to understand entry point, but don't know how to correctly find a stop loss in back testing
I have been studying Forex for 2 months only, so I think there are loads of problems that I have to fix to correctly be on the right track, studying as much as possible, but it needs time and experience
now , normal how much draw down should I accept on 1H chart when enter a trade?
Thanks for concern...Ignored