AnyCandle - H1, H4, D candles on your M15 chart 64 replies
Rekon Xs and Market Scanner for Spot and Binary Options 442 replies
Rekon-X Auto Bots Expert Advisors for Forex Trading 103 replies
What chart do you use? (M1, M5, M15) Does it make a difference? 53 replies
DislikedI presume the figures in green on the right give you an option to cash out early?Ignored
DislikedAn Excellent Set up which requeirs absolute no chart reading! As I can not monitor charts when I am at my office, that's why I tried to develop this Market Scanner, a simple Excel file just open it select the market and run the scan. When you see a set up like this (Check the Image) you can very well go for a trade without bothering about charts!Ignored
Disliked{quote} how long should the trade last. u know forex market is very volatile like you earlier noted.Ignored
Disliked{quote} I took it for 70 minutes. I look at it like this, if the strength for the pairs are weak then next hour the price must drop -- we need to consider two things here, A. There is no major news release in next 2 hours B. No major market is opening or closing in next 2 hoursIgnored
Disliked{quote} I took it for 70 minutes. I look at it like this, if the strength for the pairs are weak then next hour the price must drop -- we need to consider two things here, A. There is no major news release in next 2 hours B. No major market is opening or closing in next 2 hoursIgnored
DislikedHi REKON67, I would like to ask you a question about your RISK TABLE....What is the meaning of X1, X2, X3, X4 and X5?...I have seen you only take trades based on X1 amounts... Thanks a lot in advance for your teachings and your help!!, FerIgnored
Disliked{quote} A quick question for you Bro, if the is a major news release in the next two hours, or a major market is closing or opening, do u ignore the scan results or can u take a trade to expire one hour before A or B takes place?? Today as been a great day so far because i have been playing TOY SOLDIER with your templet on my demo. Made some good and some bad trading decision mostly because i dont know where the market was heading, this is where your market scanner comes into play. wish it was ready cos its the most powerful tool i have seen so...Ignored
Disliked{quote} Just time you trades carefully. Monday to Wednesday = Market less Volumed Thur to Friday = Market High Volumed Now, check for FF calender for medium and High news, and make sure that they are not clashing with your trade's expiry time. You can also be cleaver, try to understand the news effect. If you find the scanner is saying buying Eur/Usd and the high/medium impact news is in favour of euro, then just Call E/U for 45 mins to 90 mins. May be you can place multiple small positions (split the big amount into small pieces). Hope this helps....Ignored
DislikedTo the RekonX subscribers, I will shortly compile a Strategy book on how to use the RekonX template. Till then please read this thread, you will get an essence of how to use the template and look for various price action signals. Apologies again, I am really not getting time to document everything properly.Ignored