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- edge-t replied Sep 4, 2013
No worries. Just checking with people with more experience. Yes, I'm struggling with the method too... Probably the reason why I'm looking at taking the good trades for a higher RR ratio. Will try it out and post back.
- edge-t replied Sep 3, 2013
Anyone tried trend following with this method? I've been experimenting with using this method for entry signals and holding a trade till the market takes out my stoploss. It looks to be quite a profitable play offering RR of 1:3 and above. Of ...
- edge-t replied Aug 22, 2013
Thanks for the great explanation. It makes market rhythm a tad easy to understand now. Basically, if PA shows lots of wick, MACD is messy instead of a smooth curve, rhythm is somewhat out of whack.
- edge-t replied Aug 20, 2013
Missed this trade on the H1 too. I've been waiting for it to bounce off the 21.
- edge-t replied Aug 20, 2013
Very interesting explanation, Binnie. Got a few questions. I don't trade the H4 now, moved to the H1, since I am an impatient person by natural---probably a bad thing for retail forex, but it allows me to make more mistakes and learn faster----at ...
- edge-t replied Aug 19, 2013
Agree with yaakray we are in the same boat. Maybe Forex isn't for us retail traders. But one thing I learn about doing business, its often when u are about to give up that success is just round the corner. Keep at it bro. Hopefully I can stick to it ...
- edge-t replied Aug 12, 2013
I use the 103version. I had the same problem with edited levels going back to default upon restarting MT4. What I did was to delete the complied .ex4 file that MT4 generate and edit the mq4. Look for the levels line and edit them to your default ...
- edge-t replied Aug 3, 2013
Isn't that a countertrend trade? I'm a newbie, not comfortable with CT trades yet. For me, my current rules---only long when price above 89 and short when price below 89. For me, I'd only looked at engulfing and pinbar setups as confirmations in my ...
- edge-t replied Jul 31, 2013
Am I right to say that we should try to only take MACD TC signals when price retraces to 8 or 21 MA, and not when price is a distance from the MAs?
- edge-t replied Jul 30, 2013
HappyMe: I've thought about watching a trade going up 30 pips before diving to take out my stop at BE---heart breaking. Ran some back tests, some trades came up with +250 pips in 1 move when it's TRENDING. Imagine scaling in at every retracement ...
- edge-t replied Jul 30, 2013
Just got taken out at BE level. Oh well, next trade.
- edge-t replied Jul 30, 2013
Well, I looked through a few months of charts---not a whole lot, but I'm holding out for whatever the market decides to drop on me. Basically, I'll set my stoploss to BE once it's +30 pips. 1. If the market retraces and takes me out, BE. 2. If it ...
- edge-t replied Jul 30, 2013
I'm still in long position for that one. Going for 1:2 RR. Tighten my stoploss in the event news is bad for the position.
- edge-t replied Jul 29, 2013
Thanks for the weekly and monthly review. It really helped me understand the system a lot better. I need to be a whole lot more patient. Been seeing trades when there weren't any. Gotta tighten up.
- edge-t replied Jul 19, 2013
Nice. Cya on Monday. Its Friday night here. Gonna try not stare at charts every hour. Something I need to learn. BTW, may I know how long a trade using this system usually last? 12 hours? Or more?
- edge-t replied Jul 19, 2013
AUDUSD long update: stop loss move to just below last resistance level at .91866. Looking good. Last candle broke and close above BRN level .92000.
- edge-t replied Jul 19, 2013
The only thing that I'm wary of is the price being a little near to the BRN .9200. Still I longed. Shall see.
- edge-t replied Jul 18, 2013
Went long on AUDUSD. Daily Chart shows a pinbar forming, with 1 hour to candle close. H4 chart shows RB on MACD, price above 8 and 21 MA. Overall, it gave me a bullish signal.
- edge-t replied Jul 17, 2013
LOL. Alright, good trading!
- edge-t replied Jul 17, 2013
Just curious, is your SL at the 9200 area? I'm looking to long EURUSD once the candle closes in another 3 hours.