Well, could have had a winning trade on AJ but my Pending line script and EA is not cooperating. Not going to chase it now. Maybe another opportunity in the next hour, otherwise, done for the week with 5/5 Wins (not 4).
As simple as possible: 00 level trading
@Yaz and any others who downloaded my script and EA: I removed the Expiration because the EA kept deleting the Pending Line, so try this, or edit the one you have. I'm still not sure about the Buy on Ask option but I'm trading on demo right now.
Ok, 2 losses so far. Why? Because I entered too early. I was worried that some of the previous trades were entered too late and I got lucky, so I jumped in just before the Asia open and as soon as the Open happened, the whole picture changed. If I had waited those few extra minutes, or even 5, I would never have taken either one of these trades. Lesson learned.
- #34,927
- Aug 21, 2017 9:22am Aug 21, 2017 9:22am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
{quote} Good to see you again. I have been away for a while. Hope to get back to trading soon. I am curious how the indicator on top left helps you make decisions? And what else do you think about when making your decision to take a trade? Thanks. Eric
Just got back from my holidays, total abstinence from trading, good time spent with the family.
I only left alone running on a VPS some Monthly & Weekly setups, today I saw good results, but it takes time to tell if it's tradable.
Coming to your question, the indie on top left I borrowed from my godson is simply LuXing indie you modified (or something very similar) on short TFs.
It's more a sudden indication based on color, i.e. all green = buy, all red = sell, the rest is all that has been illustrated in the the thread mostly by master LuXing, a mix of strength, momentum/impulse, DO line, H4 candle, S/R ... and experience that grows with time plus PDF & BCC, but you already knows all this.
Best regards,
Bubincka
Porta itineris dicitur longissima esse
{quote} Hi eric, good to see you too. Just got back from my holidays, total abstinence from trading, good time spent with the family.
{quote} What rules kept you out? I'm trying to keep it simple and just use currency strength and not trade into any pivots/support/resistance
Here's another that didn't work out.
And in the blink of an eye, without any obvious news, the AUD and NZD just ran away. A better trader than me would have been able to catch that, but I don't know how to catch a runaway train. Some pairs seem to want to continue down, others are reversing now. After last week I thought I had a decent idea of what was a better-than-average setup, but now I'm not sure. I won't quit trying forever, but today I give up.
- #34,935
- Aug 23, 2017 6:02am Aug 23, 2017 6:02am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
And in the blink of an eye, without any obvious news, the AUD and NZD just ran away. A better trader than me would have been able to catch that, but I don't know how to catch a runaway train. Some pairs seem to want to continue down, others are reversing now. After last week I thought I had a decent idea of what was a better-than-average setup, but now I'm not sure. I won't quit trying forever, but today I give up. {image}
Hold on and keep it up!!
Best regards,
Bubincka
Porta itineris dicitur longissima esse
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{quote} Wins only who never gives up!