Dislikeda very slow moving pair today.
just took partial exit at +40pips, and BE remaining position.
will wait and see how London close in about 2 hours.Ignored
J
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Dislikeda very slow moving pair today.
just took partial exit at +40pips, and BE remaining position.
will wait and see how London close in about 2 hours.Ignored
DislikedI have all the necessary indicator for the 4H tf i hope
can you share the .tpl please
thanks in advanceIgnored
DislikedNice trade......at what % of ADR to you typically look to take your profits?
JIgnored
DislikedHi pinux,
attached is my S3 template with the indicators - SM ADR Marker and SonicChartPanel (post 3626) to show the DPv.
For the S3 4H indicators and template, please goto X-Man post on page 342 Post#5118.
Note: I do not use the SHI channel but prefer to draw my own channels on D and H4 TFs.
Let me know if you need other information and help.
Good Trading!Ignored
DislikedHi J,
For intraday, I usually set my target objective at 60% of the ADR. I look at the average day range of the last 100-days, and when there is a previous day narrow ranged, a breakout potential is there and I just have to manage the exits based on volatility during the trading day.
For this NZDUSD trade, my initial SL was 40pips (R) so I exit partial at +R and BE the remaining position.
regards,Ignored
DislikedI don;t see any H1 setup now, except for narrow range Asian session breakout potential.
But with German news in 2 hours and NFP later, it can go anywhere. No point speculating.
Keep eyes open.Ignored
DislikedThat makes perfect sense Emanuel, good work. I also trade another system with is similarly based on volatility break-outs of narrow ranges which worked well yesterday on a nuimber of the majors. I would be interested as I am sure would some of the newer members if you shared with us your experience of drawing your own channels as you mentioned? I believe this is what turns this system into a being really profitable and although my experience is limited on drawing channels I tend to do a 'Paul Tudor Jones' as it is known.....make my chart fill a...Ignored
DislikedHi J,
I have shared some charts using channeling technique in recent weeks.
Here are the post# -
P476#7138 , #7149, #7154 EURAUD
P478/#7168 AUDCHF
P480#7192 , P481#7206 EURJPY
[font=Verdana][color=black][color=black][font=Verdana][size=2]P482/#7224 , #7226,...Ignored
Dislikedafter the huge gap down when market re-open today, price seems to pullback on H1 and H4.
with H1 TDI cross up and deep in the oversold region, maybe some short term H1 trade to catch the pullback can be good idea.
D, W and MN remain very bearish.Ignored
DislikedThere were strong TDI crossovers on around 8 of the main pairs the 4 hour system trades yesterday; however the only 1 that met all the rules was USD/CAD (as the only pair where the signal was in the direction of the daily trend)......I went short yesterday and the trade is now around b/e.....when the 4 hour closes in 1.5 hours if it is a reversal bar I will exit,if it is a doji I will stay in and see where it goes.......I am also short the EUR 1H on a bounce trade from the London Open which along with being a solid trade acts as a hedge for the...Ignored
DislikedHi X-mans,
sorry if i'm bothering u
but i need an elaboration regarding your system on how to determine the SL adn TP,
about Take Point, what kind of ratio is the "1:1" or "1:3" or "1:2"??
and about SL,, i need more specific information about "high swing" and "low swing",
thanks in advance broIgnored