Disliked{quote} Yes, I think so but just to be clear attached is the one I mean; normally consider it as the overall SL for my daily one n done setup. Hope you have a great vacation and come back to plenty more good results in readiness for some live trading! Cheers {image}Ignored
- #3,342
- Jan 26, 2019 11:05am Jan 26, 2019 11:05am
- | Commercial User | Joined Jul 2009 | 5,727 Posts
Next week I will be playing around with some Market Baskets to see if they have any potential, will be kind of like trading the SP 500 index but using the 28 pairs in the tool box. The short test Friday looked very good. Below is one of the basket charts of all 28 pairs, I may also try a Buy basket and a Sell Basket, splitting the 28 pairs into two separate baskets.
Friday's short Buy test went to over 500 pips with only a 46 pip DD without using any add ons. I got in about half way through the up trend as I just did a manual entry to see what would happen. If I had entered at the Green up arrow and swing dot there was a possible 4 add ons that could have been taken, you could have retired after this trade.
Of course the past always looks great, will need to see what the future looks like this next week in real time.
Will see next week how it goes.
Here is the same chart with a different look without the wicks using just closing prices.
A lot of traders use just the line chart to draw their trend line and support and resistance lines and to trade by avoiding the noise in the wicks.
The wicks can be misleading on any chart as you don't know what caused it, big volume or just a news spike or something else.
Notice without the wicks above we could have maybe picked up a few more pips by playing the two pull backs in the up trend on the way up.
Friday's short Buy test went to over 500 pips with only a 46 pip DD without using any add ons. I got in about half way through the up trend as I just did a manual entry to see what would happen. If I had entered at the Green up arrow and swing dot there was a possible 4 add ons that could have been taken, you could have retired after this trade.
Of course the past always looks great, will need to see what the future looks like this next week in real time.
Will see next week how it goes.
Here is the same chart with a different look without the wicks using just closing prices.
A lot of traders use just the line chart to draw their trend line and support and resistance lines and to trade by avoiding the noise in the wicks.
The wicks can be misleading on any chart as you don't know what caused it, big volume or just a news spike or something else.
Notice without the wicks above we could have maybe picked up a few more pips by playing the two pull backs in the up trend on the way up.
- #3,348
- Jan 26, 2019 2:11pm Jan 26, 2019 2:11pm
- | Commercial User | Joined Jul 2009 | 5,727 Posts
Top down Basket Charts of 28 pairs.
- #3,349
- Jan 26, 2019 2:15pm Jan 26, 2019 2:15pm
- | Commercial User | Joined Jul 2009 | 5,727 Posts
Top down with SUP/DEM Zones;
- #3,350
- Jan 26, 2019 2:19pm Jan 26, 2019 2:19pm
- | Commercial User | Joined Jul 2009 | 5,727 Posts
Hourly trading chart of 28 pair Basket offline chart with Weekly Pivots.
- #3,355
- Jan 27, 2019 4:21am Jan 27, 2019 4:21am
If you have downloaded v7 of the DB you may want to do it again, I think the zipper did something to it so I did a new up load to the Web Site, it is still version 7.
All set up ready for market open
- #3,356
- Jan 27, 2019 5:18pm Jan 27, 2019 5:18pm
Here is the same chart with a different look without the wicks using just closing prices. A lot of traders use just the line chart to draw their trend line and support and resistance lines and to trade by avoiding the noise in the wicks. The wicks can be misleading on any chart as you don't know what caused it, big volume or just a news spike or something else. Notice without the wicks above we could have maybe picked up a few more pips by playing the two pull backs in the up trend on the way up. {image}
Changing to a line chart does not remove the high / low data so I can't workout how in your charts the indies only 'see' the closing price?
- #3,359
- Jan 27, 2019 11:21pm Jan 27, 2019 11:21pm
{quote} In the Basket trader - turn on the HAS in the Has settings. If you don't want to see the line in the line chart go to chart properties an turn the line color option to none. Hope this helps
I have just gone back to my charts and noticed that the 4HR is now 'correct' but the daily is not so I can only deduce that I need the current bar to close.
I have just changed the 1HR chart to a line chart and will wait to see what happens at the top of the hour.
