Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips:
3,675
- #42
- May 2, 2019 6:42pm May 2, 2019 6:42pm
- Joined Jul 2011 | Status: Gold Again | 10,586 Posts
Dkings,is this tradeable? GN. Kind of hard to get 1-0. I only see above 1 and below 2. 8-9 no problem. Thanks
And then look for the cross over, see my chart
Similar to the chat of GBPAUD in Post 30, the move happens early in the week
Which goes with what he said in the criteria Post 1
What I have on my chart -
1. GBP is weak on Monday, NZD is strong
2. GBP moves over center line while NZD goes below
3. Price breaks a fractal level, above weekly open, MA cross
4. Price breaks last week's high
5. Can price break another fractal
6. Projected daily high (RDH) for Friday and projected high for week (RWH)
The SMCSM still has GBP on strongest and NZD on weakest, can price make another burst up to finish off the week?
This is the question, but surely you can see the opportunity from early in the week were the best option.
As they say, bulls buy low, bears sell high
It takes a lot for me to IGNORE you, but you can try.
- #43
- May 2, 2019 7:10pm May 2, 2019 7:10pm
- Joined Jul 2011 | Status: Gold Again | 10,586 Posts
@Dashking,
I know you said that you have no stop loss BUT you must have a plan
to manage trades that do not go into profit
well, sooner or later, something has to give, how much draw-down will you allow, 5%, 10%, 20% ???
Take the CHFJPY positions for example, problem with CHF and JPY, they often track each other for strong and weak
What I see on Weekly chart, trend is down, fresh cross of MA (5 EMA , 12 EMA)
Daily chart, trend is down, potential to break last week's low, perhaps another 100 pips, below weekly open not a good sign
The 4 hour chart sitting on fractal level, both currency at the mid 5 level on the SMCSM
Can go either way, but best to be prepare, probability says down to me, good luck
I know you said that you have no stop loss BUT you must have a plan
to manage trades that do not go into profitwell, sooner or later, something has to give, how much draw-down will you allow, 5%, 10%, 20% ???
Take the CHFJPY positions for example, problem with CHF and JPY, they often track each other for strong and weak
What I see on Weekly chart, trend is down, fresh cross of MA (5 EMA , 12 EMA)
Daily chart, trend is down, potential to break last week's low, perhaps another 100 pips, below weekly open not a good sign
The 4 hour chart sitting on fractal level, both currency at the mid 5 level on the SMCSM
Can go either way, but best to be prepare, probability says down to me, good luck
It takes a lot for me to IGNORE you, but you can try.
- #46
- May 3, 2019 4:34am May 3, 2019 4:34am
- Joined Jul 2011 | Status: Gold Again | 10,586 Posts
Is EURUSD showing the way for USD?
We will know in 3 hours at NFP
We will know in 3 hours at NFP
It takes a lot for me to IGNORE you, but you can try.
- #48
- May 3, 2019 5:32pm May 3, 2019 5:32pm
- Joined Jul 2011 | Status: Gold Again | 10,586 Posts
{quote} Looks like value re-calculate when comparing to post #38 earlier. {image}
It is reading all the price levels of all the cross pairs of each currency so many calculations
Not a problem, read the price action as I have shown
Suggestion, maybe zoom in a bit for screen shots, remove those extra indicators, include the time frame and pair
Have a great weekend all
It takes a lot for me to IGNORE you, but you can try.
- #52
- May 4, 2019 5:21pm May 4, 2019 5:21pm
- Joined Jul 2011 | Status: Gold Again | 10,586 Posts
{quote} E Erebus can you pls share with us the projected daily high and low indicator(RDH)
User level for Metatrader is HIGH
I will not post it here, I will not provide support for the indicator settings
Please search FF for the PVSRA thread
And they have their own forum as well
Good luck
It takes a lot for me to IGNORE you, but you can try.
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips:
3,675
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips:
3,675
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips:
3,675
@Dashking, I know you said that you have no stop loss BUT you must have a plan
... but so far ... there have been no need for such when i kept to all my rules... and when i get into trades like this patience has always payed off...and also i realized that managing lot-size to a great extent is far preferable to using stop loss...
but like you have advised i am already giving it a good thought... especially the concept of percentage draw-down permitted...
'
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips:
3,675
{quote} Sure, that is found inside of the 2) PVSRA Access Panel v2 User level for Metatrader is HIGH I will not post it here, I will not provide support for the indicator settings Please search FF for the PVSRA thread And they have their own forum as well Good luck
great regards
Dkings
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips:
3,675
{quote} Sure, that is found inside of the 2) PVSRA Access Panel v2 User level for Metatrader is HIGH I will not post it here, I will not provide support for the indicator settings Please search FF for the PVSRA thread And they have their own forum as well Good luck
- #60
- May 5, 2019 2:31am May 5, 2019 2:31am
- Joined Aug 2015 | Status: Coding Magician | 2,676 Posts
Vucking good EA coder... https://t.ly/AZjRM