DislikedOr just restart metatrader. .
Interesting system. Thanks for sharing.Ignored
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DislikedDoes the rythm indicator also need to be in agreement with the other 3 indicators in order for it to be a valid signal? Example, right now on the E/J the stoch, MACD, and absolute are giving a short signal but the rythm is reading Rythm=1 Weak Bull. What do you do in that circumstance?Ignored
Dislikedthanks for sharing your system CanuckCT,i do have problem trying to load up the 'absolute strength' indicator in the chart(i did download the indicator fr your post).Is it normal that i will see different indicators under different timeframes? thanksIgnored
DislikedYou need the file called MACD H4 300 V100 on the following message:
http://www.forexfactory.com/showpost...&postcount=817
I had the same problem
T4KIgnored
DislikedThanks for the reply. One more question. Just wandering what broker/data feed are you using? I have an NF demo and use another broker to place my trades and after looking at your screenshots it looks like your chart data very closely matches my brokers. So maybe I'll switch since the NF data is much different from my brokers.Ignored
DislikedDoes the rythm indicator also need to be in agreement with the other 3 indicators in order for it to be a valid signal? Example, right now on the E/J the stoch, MACD, and absolute are giving a short signal but the rythm is reading Rythm=1 Weak Bull. What do you do in that circumstance?Ignored
DislikedFirstly, I'd really like to congratulate can CanuckCT for such a wonderful method. A bit of a deviation from original spud's methods, but hey, if the foundation is strong, why not build bigger and better on it.
With regards to the above quote, it would actually be beneficial for you(and everyone) to know what critieria constitutes what condition, ie strong/weak bull/bear market. If you go to the 4H thread by philip nel, and look for the poster, Palmer, he has a website signature. Go to the tools one, and there is an explaination of how the indicator works. Briefly, it basically looks at the closing price of the candle in relation to certian moving averages. Hence, it can show one signal on the 5M chart, and another on the 15M chart, and maybe even a total opposite on the 1H chart.
Just thought I'd throw this out there for everyone looking at indicators!!
Regards,
K.Ignored
DislikedI have 2 charts to review...the first is I trade I took on GJ, entry rules met and price had touched the pivot twice. Closed for +30. I should have stayed as 14-3-3 stoch never really went above 20 for more than a minute or so...an indication of a retrace.
The second is a chart for EU. I did not take any of these trades, but I see 3 as follows. First is a buy and target would have been the pivot. The second is either another buy after the retrace and close over the pivot. Re-entry like this seems to be a better move. MACD was already above zero and stochs and AS indicate a buy. The third EU trade is a sell, target would have been pivot. If you had stayed you would have done a lot better. Each trade would have netted you a minimum of 10 to 15 pips with little heat. I just wish my job wasn't getting in the way to trade more often.
I have a chfjpy trade in the works. Will post next.
Cheers,
CanuckCTIgnored
DislikedQuestion:
On the EUR/USD trade, the entrance requirements were met two bars before you indicate with the vertical line.
Why would you have waited?
ThanksIgnored
DislikedHi Everyone,
A few of us had been chatting and trading together in a room. We didn't get a lot of traction in the room, but I still think the idea was a good one. Since everyone trades at different time, it's often difficult to meetup with someone. So I offer the room up to anyone who would like to drop by and trade this method. I keep strange trading hours...sometime early morning or late evening...maybe an hour during the day. Hope to see some of you there.
Getting into the trading room is as follows:
!. Go to http://ensign.editme.com/chat and click on the download link, just under INSTALLATION.
2. Download and save the setupchat.exe file and follow the setup instructions at the ensign site. It's easier than it looks, and you will be setup completely in less than five minutes!
4. Login to our room #56 - x50 Password is x50
Look forward to seeing you there!
Cheers
CanuckCTIgnored
DislikedThank you for posting this system. Since you posted I have made 3 trade the first to profitable of +84 pips together. The first trade was +40 and second +44. I have a short trade open at this time and it's about to hit it's target of 209.60 GBP/JPY.
Thanks again!Ignored