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- taxgeek replied Oct 11, 2010
I doubt the brokers have that much interest in you, but it is possible for them to configure the chart itself against you on a lower time frame. In other words they can show only you an indvidual chart. Don't believe that? Take a look at the ...
- taxgeek replied Sep 23, 2010
Pretty much the same chart here using Absolute Fibonnaci. No monthly signals required. I suspect somewhere along the way those will cost. The red lines indicating confluence between multiple fractals (there are six of those) seems to be the biggest ...
- taxgeek replied Jun 26, 2010
Not many. Depends on how many times the chart hits a good trading level, two or three at the most, but then forex trading is about making profit not setting records for the most trades. What would you rather have at the end of the month a thousand ...
- taxgeek replied Jun 26, 2010
Daily or 4 hour. I don't use SL. On long time frames they do more harm than good. I've been taken out of excellent trades by the banks stop loss hunting. On daily charts you need about a 300 pip stop to be effective. So why bother? Chances are if it ...
- taxgeek replied Jun 25, 2010
You don't have to really modify anthing. Just remember to trade with the trend. If you fight the trend, you lose. Look at the chart in my last post. Where would the best entry points have been? Obviously when it left the up trend, the first trade ...
- taxgeek replied Jun 24, 2010
It's you. You've got to learn to "want what the market wants". When you do the losing will stop. Just quit and watch the charts a while until you understand what the above phrase means. Look at the chart for the last two months and ask yourself "why ...
- taxgeek replied Jun 23, 2010
Don't know much about coding, but it looks like the colors are specified to whatever the uptick and downtick colors are. Jaws.SetDefaultColor(Color.BLUE); Lips.SetDefaultColor(Color.UPTICK); Teeth.SetDefaultColor(Color.DOWNTIC K); Try changing it ...
- taxgeek replied Jun 20, 2010
Never heard of an adjustment to the indicators, what's needed are adjustments to the system. As you say I, it wasn't developed for forex. In fact his daughter indicates that he has never traded forex. He, himself, says that he only trades ...
- taxgeek replied Dec 23, 2009
I think you mean retracement , but you can't be sure it will stop at a certain line. All of those are possible, and it could even go further. I wouldn't look to buy until it hit at least .5 and showed signs of an upmove by breaking some ...
- taxgeek replied Dec 8, 2009
In most cases a wave will progress to the 162 fib projection before a correction begins in the opposite direction. EURUSD in fact went to the 162 projection off wave 2 twice and then fell back and turned to continue upward again to the 262 fib ...
- taxgeek replied Dec 7, 2009
With some other pair, I would tend to think we were beginning a correction of wave 5, but the EURUSD likes to run to the 262 rather than the 162 fibo. That confuses things. I'm not sure which it is. The end of wave 3 or the end of wave 5, but I do ...
- taxgeek replied Dec 5, 2009
For range bar charts, there is script for MT4. I've attached one below. There's also another one around that can be purchased from mqlservice.com. Don't ask me how to use. I've never tried it, but it looks interesting. The best way though is ...
- taxgeek replied Dec 4, 2009
The question shouldn't be time frame, but what position size are you willing to trade. Obviously, if you intend to trade the daily, you will need to use very small positions, microlots or nanolots. On a lower time frame, you can use a larger ...
- taxgeek replied Dec 3, 2009
I tend to think that the bdbs don't work out, because the system is designed for stocks and commodities (especially commodities or commodity etfs). Yes the books show examples of forex charts, but Bill Williams admits that he has never traded Forex. ...
- taxgeek replied Nov 24, 2009
If you use it to determine whether you are likely to be in a trend move or countertrend move, it does. If you use it to predict where the market is going - probably not. That Elliott's waves exist is an easily observable fact. Is the market always ...
- taxgeek replied Oct 17, 2009
Try hitting refresh.
- taxgeek replied Oct 2, 2009
According to the latest word of Bill Williams: no. Wiseman2 is an add on entry only. If you look at the pdf of the interview by Trout on the profitunity site, there are only two correct entries: wiseman1 and the fractal breakout above the red ...
- taxgeek replied Sep 14, 2009
Check the spread. That's usually the culprit. If it widened out, it can take out your stop.
- taxgeek replied Jul 10, 2009
Don't think it's all of the brokers. IBFX says that they will make adaptations and continue with the platform and trading styles should not be impacted, but they haven't posted any details of how they plan to accomplish all of this. "As you may ...
- taxgeek replied Jul 10, 2009
The key on fractals is where the fractal is taken. Buy fractals should be above the red line when taken. Sell fractals below the red line when taken. It doesn't matter where the fractal forms. For an initial buy or sell, it should be a current ...