AC H1 short 3 positions, still learning ProRealTime

E/G short 3 entries. Sorry for the template appearance, due to broker change have had to switch to ProRealTime and have spent 2 weeks trying to learn it and make indicators to match Davits. The white lines and the red arrows etc ... are done by the ...

Thanks for the feedback Davit!

Can someone please offer some Fundamental insight as to the behavior after USD and CAD unemployment claims this morning, have been trying to get a better grasp of the fundamental side but it doesn't make sense to me in this current market. So ...

Try this one instead

Agree with Mundo's points, plus might I suggest if you were trading using the TDI as we were at the start of this thread then you would have closed your trades the second the green line crossed back North over the black on the 29th. It took me a ...

Yes, I set my period to 5 when Davit did, took me a while to find the post for you :-) Post 34,715

There are two ADR indi's with almost identical names, this is the one I am using, the settings may be different also

Bounced beautifully off both sides of ADR indi, U/C overall trend is South but I felt it was overextended beyond S100 so expected a small bounce.

All the best for the future Davit, your trading has jumped to an amazing level recently, every time I lose confidence I just retrace some of your posts and plot them out on MT4 to try and get better insight into the WHY. Hope you come back sometime!

E/U hitting support, lots of news on EUR and USD tomorrow morning though ...

N/C failing to break R78 several times on H1, however oil news makes me reluctant to short... "Oil prices crashed the most on record with the May WTI futures contract hitting its lowest level since 1999, plunging as low as $11 or down 38%, as nobody ...

It was changed to 5 days because that gives a more relevant recent figure, this thread has moved towards more short-term trades at the moment, especially given the extra unpredicatablity due to Covid-19, so you see fewer people doing multi-day swing ...

Well, at the moment we do have irregular market conditions so its use is somewhat lessened, for example today every USD pair has blown right through the 5 day ADR ... Normally however it does show you the average range of trades over the last 5 days ...

Is your daily open line set correctly? (Looks like you are in UK at a guess) should be set to 5pm EST.

Thanks Cryptosurf! That explains it. Thanks also to Pivoter

Thanks for the suggestion but all it does is shift the ADR start line 2 bars off the Daily open line. I don;t see anyone else having the ADR details in the top left on their screen, maybe I have a wrong version somehow? The filename is correct ...

I am having issues with the !SM_ADR Marker ADR indicator, I would expect a few pips difference due to different broker, but when I compare to davits post I see around 20 pips difference, this seems to be on every chart not just this one, sometimes ...

Hey Davit, Thanks for the feedback, I went back and re-examined in the light of your latest comments and I do see what you mean, I was looking at the shorts near the pivots as a reload of potential previous trade from R38, but as you have been ...

Ok, that was unclear I thought this was a fun charting exercise and purely limited myself to the charts as shown with no higher TF, fundamental etc.. considerations, but the reasons you have given for taking/not taking the trades are all fundamental ...