Using template crash MT4...inserting those indicators individualy doesnt crash MT4...Stochastic indicator included in template is standard stochastic indicator or custom stochastic indicator?
How to use other indicators and interpret them?
Why are there two support and resistance indicators? It seams that they are the same....?
Just saying hello and I'm hoping to follow along to see how things work. I've trading quite a few years and always enjoy learning new methodoligies. I trade mostly futures but still love to trade currencies.
Todd, You must not have watched the videos because he tells you the answer... Watch Them Please! If they don't load for some reason... copy the site and put it into your browser and it will get you there. He does not share the exact number. Why? It's for his subscription students only. The purpose of this thread is to discuss his methods only... so you all can make more successful trades.... I'm not here to promote his business. Big E
Lets lay some ground rules here at the beginning please...
It generally drives me nuts when people ask questions that have been already answered. It tells me their not willing to read the thread from the beginning. Don't start in the middle please. I don't want to waste the members time by repeating unless they really don't understand. Then it's ok. Other members feel free to answer others questions along the way if you know the answer. I'd appreciate that. I'll make sure your assistance is correct when helping others here. Thank You.
A half a dozen posts back I posted some custom Indicators I use when trading. They are not necessary for the success of this thread. I'm only sharing.
On my charts the Asian Indicator puts the orange dashed lines on my chart. It shows me the Tokyo Channel and Hi/Lo so I can check the spread to make sure it's more than 40 pips before trading that pair.
I click the crosshair on my FXDD MT4 , left click the top orange line and drag it to the bottom orange line to tell me how many pips seperate those lines. Thats basic but some traders might not know how to do that. See the original posted chart.
Keep in mind you can also just use a horizontal line on the Hi/Lo of the chart from where the daily chart starts new at 0:0 to the open of the EURO session or NY Midnight on your chart. Either way is ok.
The Support/Resistance - red/blue dots for individual swings for easier visual display.
The TDI Indicator is one I ALWAYS use when trading. It's free and comes from compassfx when you sign up for their free Synergy system. Compassfx is a AAA+++ company in my book and very honest too.
I personally trust it (TDI) more than Stochastics. When you open it on a chart you'll see 5 colored lines. 2 Blue, 1 yellow, 1 green, 1 red. If the green line goes outside of the blue lines you have some powerful momentum happening. The yellow is market sentiment. I go right click the indicator on my chart and select Properties and click. I then remove the blue and yellow lines because it's to busy for me. I only use the green and red lines on my chart. Stack it with Stochastics above or below the TDI. Go back a couple months in your charts and note the relationship between both indicators and what your seeing on your chart. You'll see what I mean.
I spent full time studying Charts for 2 years before doing live trading again. Why? The first 3-6 months I lost only $150 bucks while trading live and that alone told me I needed to learn more about chart reading and a couple specific pairs. Why blow your trading account and make foolish decisions with a lack of specific knowledge. I switched to strictly Demo Trading during that 2 years to LEARN what these charts were trying to tell me.
One of the other indicators is for Heiken Ashi Candles. When I trade I only use them on my chart. It gives you a smoother candle flow and keeps me from wanting to bale out of a trade early. Creates much less stress when trading.
On any post I start with Personal Note:It has to do with the way I trade his information personally or a tid bit of information I'm hoping that may help other traders. I'm just wanting to help.
I want you all to know that Craig is a great guy and honest as the day is long. Anything he shared with us is truthful and he would not mis-guide anyone. Be grateful he shared this threads information. Lets start asking questions and learning how this discussion will help you. Big E
Greetings Big E,
Just a short note to say thanks for sharing this method of trading. The Information provided will be a great asset to anyones trading. We can all learn from each other so that we can become better profitable traders.