Always a Student, Never a Master - Emulate What Works
- #2,901
- Aug 13, 2019 1:54pm Aug 13, 2019 1:54pm
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,760 Posts
- #2,906
- Aug 13, 2019 2:44pm Aug 13, 2019 2:44pm
{quote} MegaProfit indicator repaints mate but you should already know it.
- #2,907
- Aug 13, 2019 3:04pm Aug 13, 2019 3:04pm
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,760 Posts
Always a Student, Never a Master - Emulate What Works
- #2,908
- Edited 3:55pm Aug 13, 2019 3:36pm | Edited 3:55pm
{quote} I only need it to close above the Yellow line.
Then, on screen posted by Bluejay12 (AUDCAD 4h).
If candle closes under HMA but closes above EMA5 can you enter the market?
In a previous post, it seemed to me, to have read that if the candle closes in the HMA and EMA5 channel, it is not necessary to enter the market. Quite right?
thank you
Carpe diem, quam minimum credula postero. "Orazio"
- #2,909
- Aug 13, 2019 4:10pm Aug 13, 2019 4:10pm
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,760 Posts
{quote} Hello RH, Then, on screen posted by Bluejay12 (AUDCAD 4h). If candle closes under HMA but closes above EMA5 can you enter the market? In a previous post, it seemed to me, to have read that if the candle closes in the HMA and EMA5 channel, it is not necessary to enter the market. Quite right?
Personally, I only care that price closes above the 5 EMA Yellow Line AND the HMA Line is Green AND that the lower window indicators are all above the Purple 50 Line to enter Long.
Always a Student, Never a Master - Emulate What Works
- #2,911
- Aug 13, 2019 5:38pm Aug 13, 2019 5:38pm
{quote} Those stop outs were the cost of information that hopefully it will help you learn how to avoid it infuture. For me I have the news event alert indi in my chart warning me of any movement on a pair before I decide to trade it; and If I have the pair open I then decide to close the trade dependent on colour of the news amber or red. My thing is to close I really have no intention of finding out if the volatility will hit a SL set with a ADR for example 72pips away. Why chance it. The Trade War news is one of those things, not your fault....
- #2,912
- Aug 13, 2019 6:02pm Aug 13, 2019 6:02pm
Daily chart example. Less set ups on the daily yes, more confident and sure signals for success perhaps, thinking how many 4h candles I miss since im sleeping or did not check every 4h candle. Thanks RH for helping me get my chart set up and the HMA trend going from the market store. {image}
Hi Bluejay12, How is MEGAFXPROFIT indi working for you? Think it repaints badly... Thx
- #2,913
- Aug 13, 2019 6:09pm Aug 13, 2019 6:09pm
{quote} Hi Bluejay12, How is MEGAFXPROFIT indi working for you? Does it repaint? Thx
Non repaint , seen and observed it on forex , futures , all non repaint ....could whip back but rarely happened in short time frame .. it’s a nice directional filter
{quote} Hi Marcusv007, can you share News Indi you are using...??? Thx in advance
Please note the I use the News Alert indicator in my chart template to remind me of any impending news events coming up with a currency so that I might make a decision to not a trade a pair based on that or thanks to yesterdays reminder to even close a trade. It is by no means in relation to paying attention to that news event coming up so that I might trade a pair based on that news. One could ignore the news and simply put a ADR SL incase the news doesnt go your way but my thinking is why take the chance if you are able avoid it. Its a personal choice, because really we are all just trading our beliefs of the market.
There's is a difference, because I totally agree with RH when he says there is NO need to follow the news, or read what these analysts, journalists, Stock market channels are saying, I;ve noticed they just tend to report events after they happen and really also generally are not able to accurately predict movement and are feeling in the dark so no need for us to open our selves to that noise that I would liken to trading a lower 1, 5, 15 min time frame.
But please remember: don't be dissuaded NOT all upcoming news events are RED flag level, so you don't want to limit your trading too much around this!
The more you learn, the more you see
