Here is a sample showing what this system does in a scary ranging market. Amazingly there is only a minimal loss, matter in fact it was followed with a trend that turned into profits...
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Hi The7,
Sorry but I don't understand you.
As I understand your rules, only see a short entry, and no sign opposite to exit.
Can you tell me please what is the exit? And what would be a new entry?
...for Intraday traders, run the 144min and the 1440min chart together!
I tested this on a number of instruments Forex + Futures, it works like a charm!
If you have a reliable volume indicator this system with the right pinch of divergence is magic!
(:-D
and then on top of that if you are familiar with the market geometry, ...watch out!!
Since you'll be cleaning house.
I am using an iphone and the app is called "MetaTrader4". You are able to add Moving Averages to it. I am very confident you can find it for Android as well.
A journal is a good idea, however I don't always find the time to commit myself..
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if anyone is willing to open a trade trade journal thread for this system. please do so. the7 is unable as he has not enough time.
I am using an iphone and the app is called "MetaTrader4". You are able to add Moving Averages to it. I am very confident you can find it for Android as well.
A journal is a good idea, however I don't always find the time to commit myself..
Ignored
I use the metatrader4 app on my iPad, but it drives me crazy because I can't seem to find how to manually close a trade?! Once open it either hits TP or SL and nothing I can do about it. Any guidance would be much appreciated.
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Joined Nov 2010
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Status: Learning never ends
|268 Posts
hi Ariadne,im sorry,if you dont mind can you explain this again abt the 144 min chart,how can i view the 144min togather with 1440 chart,hope you can clear my doubt...
...for Intraday traders, run the 144min and the 1440min chart together!
I tested this on a number of instruments Forex + Futures, it works like a charm!
If you have a reliable volume indicator this system with the right pinch of divergence is magic!
(:-D
and then on top of that if you are familiar with the market geometry, ...watch out!!
Since you'll be cleaning house.
I feel a good filter for this if it can be indcluded in your indi is that it shows long arrows only if above a user defined EMA (say 200 as an example) and vice versa for shorts. What do you think ?
I know, my stops were a little tight. Still working on my MM and confidence.
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Yes me too
It is a difficult decision whether to use a tighter S/L and have smaller but more frequent losses or to give a trade a chance run but risk a bigger loss.
I use the metatrader4 app on my iPad, but it drives me crazy because I can't seem to find how to manually close a trade?! Once open it either hits TP or SL and nothing I can do about it. Any guidance would be much appreciated.
Cheers
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Hi Edlich,
To close a trade on the MT4 Ipad App do the following...
Tap the Trade button on the bottom tool bar. This will show you what trades are open and their status.... Touch the trade you want to close... This will bring up your SL and TP and SWAP etc.... Now touch this part and keep yout finger on it for about 2 seconds and the options will appear to allow youi to modify or close your trade...
To close a trade on the MT4 Ipad App do the following...
Tap the Trade button on the bottom tool bar. This will show you what trades are open and their status.... Touch the trade you want to close... This will bring up your SL and TP and SWAP etc.... Now touch this part and keep yout finger on it for about 2 seconds and the options will appear to allow youi to modify or close your trade...
Hope this helps...
Blinkers..........
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Thanks Blinkers, you're a star!
I suspect my data bill on the iPad will now be on the up.
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Joined Nov 2010
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Status: Learning never ends
|268 Posts
here are list of pair forming ,but have to check again tomorrow morning.
GBPUSD BUY
EURCAD BUY
EURJPY BUY
EURUSD BUY
CADCHF SELL
CHFJPY SELL
USDCHF SELL
GBPCAD BUY
GBPJPY BUY,
pls reconfirm before opening,pls share your comments if any of the pair is not suitable for an entry.
thanks
here are list of pair forming ,but have to check again tomorrow morning.
GBPUSD BUY
EURCAD BUY
EURJPY BUY
EURUSD BUY CADCHF SELL CHFJPY SELL USDCHF SELL
GBPCAD BUY
GBPJPY BUY,
pls reconfirm before opening,pls share your comments if any of the pair is not suitable for an entry.
thanks
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since CHF is practically locked with euro, is like placing a double bid on euro
hi Ariadne,im sorry,if you dont mind can you explain this again abt the 144 min chart,how can i view the 144min togather with 1440 chart,hope you can clear my doubt...
Ignored
in the place of the Daily chart,
24hr = 1440 minutes
i find it to be sharper more reliable info then the Daily, also 1440min chart compiles the information exactly to the specs of your time zone.
meaning the next day starts at the beginning of the new trading session!
144min chart is just the downsize scale of the 1440min, 10 bars per day!
On intraday it is quite solid momentum reader.
If you are unable to be specific then i'd suggest
the Daily -120min
hope this will help clarify ? :-)
P.S.
....... as the price becomes detached form the (Blue River) :-) become suspicious of your position :-)
Since it seems that the market does not like to be to far from those levels :-)
On the other hand, price Surfing becomes another avenue to star exploring!!
