Here's the pivot indicator I use. I believe it calculates from the close of the day. You just need to enter the GMT shift for your broker....
Attached File(s)
4 hour strategy (the nausbot - 4 hour trader) 11 replies
4 Hour Strategy Macd+other Indicator 21 replies
X-1102 1 hour , 4 hour and daily Tf trades 7 replies
Create a verticle line at certain hour for every certain hour 16 replies
Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies
DislikedHere's the pivot indicator I use. I believe it calculates from the close of the day. You just need to enter the GMT shift for your broker....Ignored
DislikedMarubozu: If the profit target is 'around' the 8/21 and if the 8/21 is 30 or 40 pips away, remember, if you have 20 to 25 pips in the bank but the 8/21 area is still 15 pips away....we all hate to see a profit turn into a loss.Ignored
DislikedMarubozu: If the profit target is 'around' the 8/21 and if the 8/21 is 30 or 40 pips away, remember, if you have 20 to 25 pips in the bank but the 8/21 area is still 15 pips away....we all hate to see a profit turn into a loss. So, if you went in with say 1.0 lots, take 0.5 out at 20 pips and monitor the other 0.5 to b/e or trail it. If it runs in your direction big time, don't start thinking that 'if only I didn't take out that 0.5 lot I could have made $$$ more....' It's about the pips and being consistent. Glad it's all working out for you, Phillip...Ignored
DislikedHi Palmer and everyone, I have been following the thread for 4 months, still trying to learn. Two questions: When I take a MACD signal and if Stoploss over 50 pip, say 100, I modify my lot size according to my 2% of the capital. when sL is over 50, does the trade still a high probability trade (considering other system conditions are good, price action, market rhtym, market motion etc.).
second question: what are your SL, TP1 and TP2 strategies? How can you decide "TP1 area" and "TP2 time". Is TP1 planned before entry?
I can watch every 4h...Ignored
Dislikednow we have a CT followed by to little dojies and a nice tail of that big TL ,who is in ?for me SL is too big and prefer to get in with smaller TF
Ignored
DislikedHi Palmer and everyone, I have been following the thread for 4 months, still trying to learn. Two questions: When I take a MACD signal and if Stoploss over 50 pip, say 100, I modify my lot size according to my 2% of the capital. when sL is over 50, does the trade still a high probability trade (considering other system conditions are good, price action, market rhtym, market motion etc.).
second question: what are your SL, TP1 and TP2 strategies? How can you decide "TP1 area" and "TP2 time". Is TP1 planned before entry?
I can watch every 4h...Ignored