i like that round number indicator but with so many pairs it chews up your cpu speed i find and it becomes annoying. I have a brand new computer to with plenty of power but still chews it up.
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Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedi like that round number indicator but with so many pairs it chews up your cpu speed i find and it becomes annoying. I have a brand new computer to with plenty of power but still chews it up.Ignored
Dislikedi like that round number indicator but with so many pairs it chews up your cpu speed i find and it becomes annoying. I have a brand new computer to with plenty of power but still chews it up.Ignored
DislikedI think the newer someone is the more they should have these zones pre plotted. This will help combat the trader who sees any old bar and then proceeds to curve fit it to make it work. I personally don't have them plotted. I am very big on round numbers. For this reason I have those on my charts which always gives me a general scope to put each market into. I then work off there as trades meet my criteria, and go through the major and minor ppzs once in a trade for mgmt.
Again this is how I go about it
MikeIgnored
DislikedI think the newer someone is the more they should have these zones pre plotted. This will help combat the trader who sees any old bar and then proceeds to curve fit it to make it work. I personally don't have them plotted. I am very big on round numbers. For this reason I have those on my charts which always gives me a general scope to put each market into. I then work off there as trades meet my criteria, and go through the major and minor ppzs once in a trade for mgmt.
Again this is how I go about it
MikeIgnored
Dislikedyeah i thought that was weird to. my fx pro terminal was using about 4% cpu and spiking to 20% for a second or 2. and it was quite laggy for some reason. it could be an issue with fx pro at the moment i will monitor it and see what happens. It did work alot better with that indicator offIgnored
DislikedHad the same issue. You're using the wrong indicator. There are two, one must be badly written, the other is fine. You want to use the one called Grid_v1_0.ex4 (attached). The other one (roundnumbers.ex4) should really be deleted from the attachments here but not sure thats possible.Ignored
Dislikedmind you, if mt4 weren't a bunch of jack asses and put round numbers on there axis like every other charting package out there, we wouldn't have this issue.
man that really annoys me about mt4. those random axis numbers mean absolutely nothing i mean wat the hell does 1.6418 mean for example. :S it really does badazzle me in why they did that :SIgnored
DislikedWell after the Psychology this one is biggest problem for me.
If plot all the PPZ+TL+FIBs on my charts they start becoming foggy and sometimes i start to wonder why did i drew them.On the other hand trading gets so easy all i have to do is to watch out for good PA.
If i clean out the charts and wait for PA and when some OB or PB occurs i would start to draw PPZ, TL and Fibs in a little hurry so i don't miss the trade.
Adding to my troubles i trade from Two PC's one at my office and one at home.Ignored
DislikedI did hear once someone say in here you can just look at a chart and look for bars that are at swing highs or lows and have some space with a good pa bar. I think that is also a valid style of trading. well just a thought anyway.
I do like the round numbers thing, i think it adds some substance to a chart.Ignored
Dislikedhi,take a look on this trade on the EURUSD,I enter on the pullback+pinbar 1H, after the break of the yellow SR line.
As u can see i lost the trade...any thought on this?Ignored
Disliked
You were selling at the bottoms. One bullish candle doesn't make it a pullback. Location is bad here.
We want bearish pinbars at swing highs...and that wasn't it.Ignored
DislikedAmen! I could not agree more, I know without a doubt the last hurdle that I finally crossed to get consistent profits was named "trading psychology".
Not that I have it mastered by any stretch, but entries and exits alone were not the answer for me.
NathanIgnored
Dislikedhi guys,heres some i have been watching today...
gb/yen daily IB,nice hard break
us/yen daily IB
eu/yen 2 day pin bar, my fav. a close below the 50% fib and round number PPZ with a lot of history. just hitting the 1st problem area imo
jonIgnored
DislikedVery true, sometimes, you don't need to draw a line because it's so obvious, these are the best opportunitiesIgnored