Hi Dredding82
I have PMed you yesterday about the indies hope it went through....
many pips to you
Cheers
Ali Raza
I have PMed you yesterday about the indies hope it went through....
many pips to you
Cheers
Ali Raza
Raza
Freebie 1 min trading method 1,227 replies
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DislikedThe answer is NO, but I can't find the post where he answered this either so I'll let you off the hook, just once . It's just this amazing memory I have (see signature).Ignored
DislikedAlright Dredd, so i have added the Daily Range Indicator, how do I use it to help determine were my TP is going to be? Im assuming I just look at the Daily High or Daily Low depending on the trend, subtract that from the current price and then take that answer and subtract it from the Daily Average.
I.E. (Down Trend)
Daily High 1.43050
Price - 1.41790
----------
= 126 <---- then subtract that from the Daily Average of 178 = 52. So I can expect it to continue
down about 52 more pips?
AttachmentIgnored
DislikedHi Ohammond,
Thanks for sharing the indy. Could you explain what is the use of the level lines which are between the projection up and projection down (Level 1)? Many thanks.Ignored
Dislikednot that I do or take into account this type of thing with trend lines but critical time for the AU trade right now reacting to existing drawn TL
PIgnored
DislikedYes both failed but MM in place so just keep trading..
I had a gain of 4% on 1 and 6% on the other to close early is not the way forward
PIgnored
DislikedI have 2 trades live atm..both triggered on the 8am bar so I guess that complies with my rules of trade UK session
I have drawn trend line to show count of semaphore indicates short term up trend with HH and HL
They look good but could easily fail your guess is as good as mine all we have done here is stack the odds in our favour 51% to 49% will do me
Pivot line or 15% seems a long way off but its a valid signal so we take
cheers
PIgnored
DislikedThanks Paulus & Dred, I take your advices serious and try to stay calm and disciplined... ATM I'm also in the E$-Trade, but my pivots give me a go for the $Cad. Let's see...
Paulus, before I go life - I wanted to ask 2 Questions:
1) If we trade the freebie-system on 5min TF, the spread seems to me a big issue. ATM I have a spread from 2-3.5 pips. This seems to me very high. Is it better to take a broker who has lower spreads but pay commission instead? I'm looking for the best broker for this system. Do you have a hint? Paulus, which Broker do...Ignored
DislikedMaybe someone can help me on this.
As per the rules (more by Paulus approach) I am wondering whether the last semafor (2) can be considered a LH.
Or maybe should wait a sequence of lh hh on brown semafor first?Ignored
DislikedI use a spread better service here in the UK.. I dont use MT4 brokers
and the spread just has to be dealt with as a trading expense.. I dont really see 3 pips the make and break of a system when some times I get 30 40 pips ie 15% wins
Your 2nd point is far to subjective for me..if I get the right colour HA at signal time I enter simple as that
hope that helps
PIgnored