Life is too short to have anything but delusional notions about yourself.
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Disliked...a quick (untested) observation on the daily chart trendline.
The closer the pending 4hr set up is to breaking a 45(ish) degree trendline on the daily, seems to deliver better trades. Akin to VyNNeR's comments on the angle of the 4hr ema slopes. Just tried uploading a chart, but keeps failing.Ignored
DislikedI think this may be one of those months where you only get one or two trades the whole month on the Pound according to the original rules. Oh well. Keeps you disciplined anyway!Ignored
DislikedIf you followed the rules, you would have not taken this trade unfortunately. Stochs were still pointing down on daily chart in this instance.Ignored
DislikedRight on! I followed the rules and missed this one. Followed the rules on the prior entry and got stopped out. But that's how you trade, and you never know which trade will be the big winner.
I mentioned earlier that when I did my backtesting, I ignored the D stoch filter and took every cross. Still had very good results. I need to go back and look at how many trades now would have been excluded if I followed the D filter.Ignored
DislikedHi VyNNeR and all.
thank u for sharing your system.
I try to exit with more pips as in the basic rule and am find that if a i add a DEMA indicator adjust 24 ( u will see it in the 2 charts bellow ,the black line), when it cross the 4ema it gave about 50 more pips/trade...Ignored
DislikedI just read this entire thread. Nice 350 pip move on the pound if you took it and followed the rules. You should be exiting right about now after 8 days of pip fun.
There's been no discussion of position sizing and money management. How much are you guys risking per trade on a 50 pip stop loss? 2% of equity? 5%? This is important. If you're risking 5% (quite a bit), a $5,000 account should risk no more than $250. At $5/pip, the correct position size would be 5 mini-lots. I hope you guys are not going full out on the leverage. I'd like to hear from VyNNer on this.
Great system.Ignored
DislikedRobert - can you clarify? The post you reference is talking about using that indicator to get an earlier exit. It seems you are referring to using it as another entry signal??Ignored
DislikedRemember this post about the double EMA? Had you placed this on the screen approx. eight days ago( 4 hour chart), you would have seen where the DEMA and the 13 & 50 EMA all crossed at the same place...got in there and rode that pony to the tune of 459 ticks....This happened in Feburary as well for another 400 odd ticks. Now here's the question, My platform will only allow me to go back to late December ( 4 hour charts).
Is there anyone game enough to look further back and see how often this happens?
Thanks for your help, Robert DeCuirIgnored
DislikedHi VyNNeR and all.
thank u for sharing your system.
I try to exit with more pips as in the basic rule and am find that if a i add a DEMA indicator adjust 24 ( u will see it in the 2 charts bellow ,the black line), when it cross the 4ema it gave about 50 more pips/trade...Ignored
Dislikedif you have Dealbook from gftforex the DEMA indicator is included...
maybe some superstar can work out how it works and write an indicator for those of you not using dealbook.Ignored
DislikedI did find this indicator for MT4, it has a setting for many MA types of which one is DMA, whether or not its what is being talked about here I am unsure
RichoIgnored
DislikedI can't emphasize enough how important that is in my opinion.
BTW, are you Ohio State fan? Aren't the Buckeyes from there? I went there for 6 months...to I should knowIgnored