Some nice trades today. We did miss this last move down as neighbours dropped off keys, reasoning for last sell posted on medici/islander thread.
How to program Higher-High Higher-Low 19 replies
What are Higher High, Higher Low, Lower High and Lower Low? 10 replies
Higher High/Higher Low indicator conversion from 4 to 5 decimals. Help anyone? 2 replies
Can u point me to code 2 show each bar with a higher high & higher low? 2 replies
DislikedHi V. Just a quick "thank you" for keeping your thread going. It's a great learning experience for many of us.
I can't find your entry on the second chart above. Maybe you could make your entry arrows white - the red is very hard to read (but it could just be my old age !) Cheers.Ignored
DislikedSome nice trades today. We did miss this last move down as neighbours dropped off keys, reasoning for last sell posted on medici/islander thread.Ignored
DislikedHi V,
Thanks for the clarification. Can you tell me a little about how you deal with the mechanics of trade entries? For longer term trading, I use Oanda, but because the charts are basic, I use MT4 for charting. For this faster style of trading, I am initially using the IBFX platform so that I only have 1 platform to deal with, rather than juggle 2 platforms. What spread do you get with FxPro? The IBFX spread on cable is 3 or 4 pips, mostly 4, with a widening to 5 or 6 at news time. And do you mostly place market orders? On Oanda I used primarily...Ignored
DislikedJohn carters explains this well in his book trade the markets.
This works well as a swing trade on daily charts on indicies. Less screen watching and you can still pick up a good run of points.
Also placing your order out of hrs take te stress off as well.
has anyone tested in forex on daily with similar results?
Sorry if this has been already mentioned
HiltonIgnored
DislikedHi V,
thanks for your comments. I see that IBFX spreads are not quite as tight as the FXpro. At 3 or 4 pips wide, plus 1 above and below for the triggers, that means that there is a 5 or 6 pips of "friction" to overcome.
I have added a chart of a trade I took on Friday with entry at 08:15 GMT. Looking for shorts, and price had made a LH on the 5 min chart. My entry was 1 pip below the 5 min low. The 15 min chart had just completed a positive close up candle but the last 5 min bar was a red (actually orange here, lol) candle. Price reversed...Ignored
DislikedHey V I'm going to post a situation here that I always struggle with. It's hard to explain after the fact so bear with me and hopefully you'll get what I'm asking. In the following chart (GU 5min) the trend is down and during the London session price moved down over 150 pips. So you're thinking maybe the trend is over now but you never know when it will end so shorts are still a possibility.
My first arrow is a bullish hammer and also the first higher low after the big down move during London session. However it's against the overall trend so...Ignored