elo

Once again Ali½azz ... adios!!!

http://www.forexfactory.com/member.php?u=120042
http://www.forexfactory.com/member.php?u=122829

http://thepatternsite.com/visualcpindex.html

To place LONG order (following the rules above)
when previous bar (of current, running bar) low is lower than the bar before the previous bar. Put your order when the close of current bar is higher than previous close. In MT4 platform the syntax would be like this: Low[1]<Low[2] && Close[0]>Close[1]

To place SHORT order
when previous bar high is higher than the bar before previous bar. Put your order when current close is lower than previous close. High[1]>High[2] && Close[0]<Close[1]

The rules are simple and should be easy to implement in MetaTrader platform. From the PDF, here's how I "read" the rules:

- When the 15EMA is flat (or relatively flat), do not trade
- When the price is between 40SMA High and 40SMA Low, do not trade
- When the price is entirely above 40 SMA High, appropriate order is LONG
- When the price is entirely below 40 SMA Low, appropriate order is SHORT

To place LONG order (following the rules above)
when previous bar (of current, running bar) low is lower than the bar before the previous bar. In MT4 platform the syntax would be like this: Low[1]<Low[2]

To place SHORT order
when previous bar high is higher than the bar before previous bar. High[1]>High[2]

22nd April - 15th August 2010

I dont know what is happening in the market. What makes it move or where it will turn. I do have a 4hr chart and I can see that it has a general direction from on side to the next.... low-&-behold, if I open the 1hr chart it has the same patern. I place my trade in that direction with protective stop losses and wola.... after giving the trade some time to mature I have profit.It would be nice to know why the market moves and all the ins and outs, but for know, while still having a day job, this is enough for me.

I work in import/exports for a large multi-national company, hedging for protection from loss. I have always believed that the big profits that we make from our long term positions is made from the short term losses of all the daytraders/scalpers. My bosses who are hardened and experienced traders are very scathing of scalpers. They say that scalping is a losers game. Every one of them tells me that unless you are trading from Daily and even weeklys charts, then you have to be a genius to beat the long term traders. Short term traders get frightened and react to minor losses and dump their positions. All the short term losses add up to our profits

Stop wasting time on scalping. Go for the big pips! Trend is your best friend!
use the master's settings. R. Booker! 5,13,62 EMA. Thats all you need. To keep this short (brief), trade with the trend.
Long position - 13 crosses above 62 and 5 crosses above 13.

Short Position - Vice Versa!

Good for anytime frame suggest trading 1hr or More.
Preferably 4hr and Daily TF.

Take Care,

Backtest it and see how effective it is and put your own twists and indicators for confirmations if you want.

price action

http://www.dacharts.com/articles/Buf...ice_action.php