hi quess121 i dont trade that one but i just took a look and if all 3 indicators close at the end of this candle it is a signal to go long. take in to acct the time of day things begin to slow down quite a bit
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Dislikedhi quess121 i dont trade that one but i just took a look and if all 3 indicators close at the end of this candle it is a signal to go long. take in to acct the time of day things begin to slow down quite a bitIgnored
DislikedTo the post above mentioning looking at the 0000 hourly candle to determine daily direction.... IT IS NOT THE SAME AS THE DAILY CHART!!
In other words, you will get differing numbers, differing signals. It's all in the math, and you can chase it down if you want, but new day houly numbers ARE NOT the same as new day daily numbers.
So, if you want to stick with the system, you HAVE to use the daily chart for direction, and the hourly for entries. The first entry is the close of the 0600(gmt) candle, which actually occurs at 0700gmt. You can stop looking whenever you like, I have seen both 1600 and 1800 gmt candles as the last candle to look at for a signal (which again, actually occur at 1700 and 1900gmt.... then look at the CLOSE numbers for a possible entry....)Ignored
Dislikedyes thats if you took the signals blindly. this one was also in os area and the large spike down is tough but yes it was a win. the whole thing that this method does is eliminate 1 of 2 possibilites to go long or to go short thats the only 2 questions that a trader wants to know and trading this way it takes away half of the thought process and you can trade with a clear mind not trying to get back at the market when you have a loss and go the other way only to be kicked out again. that my friends is chasing the market here we let it come to us well i have to go wife is beckoning see you guys tonightIgnored
DislikedI just started using MT4 and cant find the feature to open a chart for CADJPY. Can someone explain to me how to resolve my issue? (verbal or pics)Ignored
DislikedI have been following this sytem and thread for a couple of weeks now. It even made me add MT4 charting too. I was using Trade Station, but seems useless for this method to coincide with everyone else here. I plan to go live next week or the following week pending new years impact on market movement.
Question for anyone to answer using MT4.
I just started using MT4 and cant find the feature to open a chart for CADJPY. Can someone explain to me how to resolve my issue? (verbal or pics)
Thank you!Ignored