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What is your favourite indicator and why ?

  • #81
  • Oct 14, 2006 8:52pm Oct 14, 2006 8:52pm
can anyone make an EA for the simple method : .xx00, .xx25, .xx50, .xx75
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  • #82
  • Oct 14, 2006 8:53pm Oct 14, 2006 8:53pm
Another simple scalping chart is to block out price bars/candles (sometimes I get hung up on the actual price) and put a 5ema and 12ema and trade the cross. real simple and profitable if managed right!
Attached Image
Trade what you see - Not what you think
  • #83
  • Oct 15, 2006 4:35pm Oct 15, 2006 4:35pm
Quoting summitfx
Another simple scalping chart is to block out price bars/candles (sometimes I get hung up on the actual price) and put a 5ema and 12ema and trade the cross. real simple and profitable if managed right!
Time frame on the chart? Is that a 1 hour chart? Thx for any input.
  • #84
  • Oct 15, 2006 4:52pm Oct 15, 2006 4:52pm
Quoting squat1962
Time frame on the chart? Is that a 1 hour chart? Thx for any input.
Yes, it is Interbankfx - MT4 one hour chart (H1)... mini account...
  • #85
  • Oct 15, 2006 5:58pm Oct 15, 2006 5:58pm
Quoting TheRumpledOne
Indicators are for suckers!

Trading is simple.

Just draw a horizontal line on the chart.

If the candle is green, go long at the line.

If the candle is red, go short at the line.

It IS that simple.

You only lose if you are too slow or too greedy!

Yes, I have written and posted hundreds of indicators on TradeStation, eSignal, yahoo, StockFetcher and Kreslik. I do that because I can program. I do it for free. I don't sell indicators. Some people want you to buy their indicators. To me, if the indicators were any good, they would use them to make money and give the code away for free just like I do!

I hate to see people pay for indicators and then lose money using those indicators.

Indicators are great for analyzing the market when the market is closed. But when the game is on, they just confuse you.

A horizontal line is simple.

I simple buy/sell at the x.xx00, x.xx25, x.xx50 and x.xx75 levels based on candle color. So long as I am not greedy and not slow, I make pips!

I use 1 min, 5 min, 60 min and daily charts.

It really is simple!!
i'm sooooo speechless!
Thinking that only me use this startegy. All indi are bullsh*t, flush it in your toilet now...
  • #86
  • Oct 16, 2006 1:40am Oct 16, 2006 1:40am
Summit,


5/12 EMA.... Sounds like the Bagovino Cross!!!!




B.
"Skills pay the bill's!"
  • #87
  • Oct 16, 2006 1:41am Oct 16, 2006 1:41am
8MA???? What? EMA, SMA, WMA??



Which?

Thanks!
"Skills pay the bill's!"
  • #88
  • Oct 16, 2006 1:41am Oct 16, 2006 1:41am
Quoting summitfx
Another simple scalping chart is to block out price bars/candles (sometimes I get hung up on the actual price) and put a 5ema and 12ema and trade the cross. real simple and profitable if managed right!
Wnat is your suggestion on..."if manageed right" using this simple crossove method.
Stan
  • #89
  • Oct 16, 2006 1:42am Oct 16, 2006 1:42am
My favorite indicator is the amount of money I have profited by making the right trades.

Monarch
  • #90
  • Oct 16, 2006 1:45am Oct 16, 2006 1:45am
I just thru out a naked chart with a 5/12 ema- I don't trade it-just something to look at folks. I guess it's a Bago although I'm not sure you invented an ema cross ??/
Trade what you see - Not what you think
  • #91
  • Oct 16, 2006 1:47am Oct 16, 2006 1:47am
I agree monarch- It's all about price action- How you analyse it and profit from it is a personal thing but does require many hours of chart watching. I've been watching charts everyday for about 8 years.

Quoting monarch
My favorite indicator is the amount of money I have profited by making the right trades.

Monarch
Trade what you see - Not what you think
  • #92
  • Oct 16, 2006 1:51am Oct 16, 2006 1:51am
Is there a specific currency pair you trade, or do you trade alot of pairs? I have not been at this for 8 years, so I wondered what you found to be the best trading pairs.

Monarch
  • #93
  • Oct 16, 2006 2:16am Oct 16, 2006 2:16am
I just started trading FX a few months ago so I'm still learning the ropes but I prefer to trade Gbp/Usd. I like the thrill of scalping and use this modified Fozzy system found here at FF. I still trade other markets long and short term
Attached Image
Trade what you see - Not what you think
  • #94
  • Oct 16, 2006 2:19am Oct 16, 2006 2:19am
I have traded just about every pair available. I prefer to stay away from a few of the minor pairs. I am starting to trade the GBP/USD a little more the past few weeks, but I am willing to trade most pair that seem to be on the verge of a major trend change. I have avoided the scalping methods recently, but I still gain some pips from a scalp or two.

Monarch
  • #95
  • Oct 16, 2006 2:34am Oct 16, 2006 2:34am
I'm waiting for the Utopian EA to come along
Trade what you see - Not what you think
  • #96
  • Oct 16, 2006 2:40am Oct 16, 2006 2:40am
Who says you can't make $$$ scalping- EUR/JPY went down and just now looking back~ It's was broadcast earlier by 4Cast
16 Oct EUR/JPY Daily

07:07 BST - Profit-taking has reached the 149.54/56 support, with somesteadying now seen, as oversold intraday studies unwind. Gains, however, are expected to be limited, as the underlying

daily and weekly tone is negative, with congestion around 150.00 to remain a barrier. A later break of 149.54/56 opens up 149.12 and 149.00.



R5: 150.47 * 4 Oct (w) high

R4: 150.40~ minor trendline

R3: 150.20/29 * 9-11 Oct (w) highs

R2: 150.15 13 Oct high

R1: 150 congestion

S1: 149.54/56 9-13 Oct lows

S2: 149.12 6 Oct low

S3: 149 * 5 Oct low

S4: 148.80+ * trend from 17 May

S5: 148.23 27 Sep low
Attached Image
Trade what you see - Not what you think
  • #97
  • Oct 16, 2006 2:48am Oct 16, 2006 2:48am
Summit,

I never claimed to invent an EA cross.... Where'd you get that from?

Anyway.. I'll ask again... What type of 8MA is it? Simple, Exponenetial, Weighted... etc...

Thanks Again,

B.
"Skills pay the bill's!"
  • #98
  • Oct 16, 2006 2:51am Oct 16, 2006 2:51am
No offense Bago- you made some awesome contributions- My post #100 says ema-exponential

Quoting bagovino
Summit,

I never claimed to invent an EA cross.... Where'd you get that from?

Anyway.. I'll ask again... What type of 8MA is it? Simple, Exponenetial, Weighted... etc...

Thanks Again,

B.
Trade what you see - Not what you think
  • #99
  • Oct 16, 2006 2:53am Oct 16, 2006 2:53am
Gotta love the EUR/JPY for baggin' pips tonight- must be quick and nimble
Attached Image
Trade what you see - Not what you think
  • #100
  • Oct 16, 2006 2:59am Oct 16, 2006 2:59am
Summit,

No offense taken.

By the way, What are those resistance levels on your chart?

thanks,

B.
"Skills pay the bill's!"
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