PS, got drunk at happy hour. So please, let's try again tomorrow afternoon when I don't have work. I know what you guys are looking for in an indicator and I'll be sure to make that happen...and no, I will not write an EA for this thing.
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DislikedAce284,
This is last weeks chart. So, last week if we would of taken the trade we would get stopped out?
Or i am understanding it wrong.Ignored
DislikedHi all...
Not sure the chart with indicator posted by ..adsanders is right...
The first 4hr bar for this week for me is......150.44 with a low of 149.62..
Not the Low shown in that provided chart of 149.26.
But we dont need to be wasting to much forum space on it, everyone can check there own charts...
looks an interesting method......I like simple ideas such as this one if they work..
I think the thread needs to stay away from EA's and Filters(as in indicators)...and look at it for a few weeks as a manual method.....
I notice the...Ignored
DislikedYou know I just realized that i used one candle too late. My apologies everyone but the method is EXACTLY the same.
The correct high and low are for the candle that starts at 00:00.
Long:
150.64 (including 10 pip buffer and spread of 7 pips)
SL: 149.60
TP: 152.72 (TP 2x)
Short:
149.50 (including 10 pip buffer)
SL:150.47
TP:147.57
Thanks for catching this Elovv.Ignored
DislikedHi Ace
Thanks for help me understand. Can You confirm that You place trade 04.00 FXDD server time? (01.00 GMT)
And one more thing. The start box high 150.47 low 149.60 thats 87 pip (2*87=174)
Your take profit
Long 150.64-152.72 = 208 pips
Short 149.50-147.57 = 193 pips
There is something I don,t understand. Do you count 2*(box+spread)=194? I be glad if You can explain
ElovvIgnored
DislikedFor the Long the TP is 2*(box+buffer+spread) = 2*(87+10+7) = 208 pip *spread = 7 for me
For the Short the TP is 2*(box+buffer) = 2*(87+10) = 194 pips
Hope that helpsIgnored
DislikedI really can't figure out why this phenomenon (price will either go north or south from the start of the week) will hold true, and if it holds true, will this be true for a long time (say over several years period)? Can any body figure this out???
Or, as a TA user, should we just make use of this phenomenon without knowing why it stands?Ignored
DislikedI really can't figure out why this phenomenon (price will either go north or south from the start of the week) will hold true, and if it holds true, will this be true for a long time (say over several years period)? Can any body figure this out???
Or, as a TA user, should we just make use of this phenomenon without knowing why it stands?Ignored