- Joined May 2017 | Status: Member | 3,753 Posts
Truth is like poetry. And most people f*cking hate poetry.
- Joined May 2017 | Status: Member | 3,753 Posts
Truth is like poetry. And most people f*cking hate poetry.
Disliked{quote} No real strategy, I look for exhausted price movements to get in on pullbacks/reversals within the main trend. {quote} I use a non repainting TMA.Ignored
Disliked{quote} Mrdfx, Thanks for the insights. In the above example- it looks like it was a downtrend and your trade looks to be a reversal trade[buy trade]. I could be wrong.Could you please clarify.Ignored
Disliked{quote} aaven, yes it was a reversal trade after seeing an exhaustion of price. I have different approaches to validating set ups depending on the market conditions and in this case I traded a small reversal.Ignored
Disliked@MaryJane You created a very good tool. It may not reflect much on your trade explorer. Margin Trader is like a news trading tool. So apart from recognizing the support and resistance, you need to have momentum. The problem with support and resistance is that the pair will go into range for quite sometimes. If I remember correctly, you were in USDJPY sell last week and buy this week. You are right in both cases but since USDJPY is in range you cannot really use a tool like Margin Trader because it compounds and therefore any reverse in market direction...Ignored
Disliked{quote} Liovannix, I concur- We are indebted to Mary Jane for one of a kind tool and what you are doing is in great spirits... I feel more than Mary Jane, some of us could use a proper entry criteria- I downloaded the indicators and template, could you shed some insights on the entry trading rules... ThanksIgnored
Disliked{quote} I bought a news trading tool like this and it’s tied to an account not even name. U need to pay higher for a name locked and u must trade at least 0.02 lots every week or else it’s not active. Currency Meter 5 for our purpose, you don’t need to know much. It will alert you which currency is strongest and which is weakest. U pair them and its either 100% bullish or 100% bearish you go for as that has a good momentum. It can last a day or more. Trend if I can recall is defined on daily bases. Find attached the complete package with manuals...Ignored
Disliked@MaryJane You created a very good tool. It may not reflect much on your trade explorer. Margin Trader is like a news trading tool. So apart from recognizing the support and resistance, you need to have momentum. The problem with support and resistance is that the pair will go into range for quite sometimes. If I remember correctly, you were in USDJPY sell last week and buy this week. You are right in both cases but since USDJPY is in range you cannot really use a tool like Margin Trader because it compounds and therefore any reverse in market direction...Ignored
Disliked{quote} Liovannix, Thanks for the upload... Does the strength calculation in real time or does it happen at a fixed time like at the opening of a new day{based on previous day}? I mean, do you enter immediately after an alert saying EURJPY is strongest?Ignored
Disliked{quote} You tell the creator of MarginTrader what kind of EA (s)he has created, you must be kidding. First, your statement shows 25% gain after one ‘trending’ day. MJ’s TE shows 395% gain after one month. Second, a currency strength meter shows what has been, you have no guarantee that the ‘trend’ will continue. To know if a ‘trend’ will continue you need to have an idea of supply and demand, not ADR. If you want to come early to the party you need an idea of supply and demand, if you want to come later you need a currency strength meter. MJ probably...Ignored
Disliked{quote} I dont need to post anything but if I did, its because I believe someone will pick something from it. It was not meant to offend MJ but the reason a product trial is done is to learn form people's contribution. Coca Cola drink was never meant to be a drink but medication. I am sure you didnt understand this English ''So apart from recognizing the support and resistance, you need to have momentum''.'' Het betekent dat je naast steun en weerstand ook rekening moet houden met momentum'' I will prefer you contribute what you have than insult...Ignored
Disliked{quote} In real time. Luckily it has an alert so you are able to catch the beginning. Yesterday 2 possible trade trades were AUDJPY and AUDCHF. As CHF AND JPY were alternative the strongest and even now, I sea AUD is the weakest. If you read the manual they are compared on Daily time frame. Its not different from currence metered but for the purpose of just trading one pair, I like this and for say 3 pairs, I like the Fx Reactor. {image} {quote} I dont need to post anything but if I did, its because I believe someone will pick something from it....Ignored