{quote}
It takes a lot for me to IGNORE you, but you can try.
Simple Monday-Tuesday System (attached calculator)
- #261
- Feb 20, 2020 3:51am Feb 20, 2020 3:51am
- Joined Jul 2011 | Status: Gold Again | 10,557 Posts
{quote} Welcome Russian hacker, you've been on FF for 5 years, never post until this system, I'm flattered
Yes. I'm mostly a reader than a writer. One of the reasons - is my poor written english.Periodically I'm watching by high impact members, what threads they are visited. And after that I'm reading the same threads. You are also in my "check-list of members" in my mind
- #265
- Feb 20, 2020 7:25am Feb 20, 2020 7:25am
- Joined Sep 2006 | Status: Trader | 10,702 Posts
every Saint has a past. Every Sinner has a Future
- #267
- Feb 20, 2020 8:21am Feb 20, 2020 8:21am
- Joined Dec 2019 | Status: Trader | 5,594 Posts
Here is the 4 Hour chart, this could be the cherry picked chart for this system, it is perfect, it's here and now this week, wow! There is highest high on Monday, lowest low on Tuesday, consolidating on Wednesday, breakout on Thursday, and at the breakout of the previous 20 period lows too, just perfect chart pornography to my eyes! I have set Fibonacci lines at 15% above and below the Monday and Tuesday range as per OP. I will call this a zone and try to catch an entry there, don't be so fussy, stops and targets can be adjusted. Questions, comments,...
Here is a very helpful indicator somebody shared with me on here. See what it looks like on the 1HR chart and how potentially well it can work with this strategy.
Learn from your mistakes and march on.
- #268
- Feb 20, 2020 9:36am Feb 20, 2020 9:36am
- Joined Sep 2006 | Status: Trader | 10,702 Posts
every Saint has a past. Every Sinner has a Future
- #276
- Feb 20, 2020 2:31pm Feb 20, 2020 2:31pm
- Joined Jul 2011 | Status: Gold Again | 10,557 Posts
{quote} "dynamic"? What do you mean by this? Have I missed something in the thread?
Static means stopped
In the context of trades, dynamic means the pip count or profit is still moving as the trades are still open.
When trades are closed, the pip count or profit will remain fixed or static.
Your English lesson for the week
It takes a lot for me to IGNORE you, but you can try.
- #277
- Feb 20, 2020 2:47pm Feb 20, 2020 2:47pm
- Joined Jul 2011 | Status: Gold Again | 10,557 Posts
Hi all, First off, thank you 4ecstasy for the system - it looks very good, and I've missed this week, but will be giving it a go next week. I was wondering if anyone has thought about whether or not broker server times make any difference to the strategy? I think that brokers who are well off from GMT would have a big impact on the strategy, but those that are +/- 1 or 2 may not. The answer to this would, of course be to use H1 to determine the high & low of Monday and Tuesday, adjusted according to the broker's offset. e.g. my broker is IC Markets,...
All that matters is the Highest HIGH and Lowest LOW of Monday and Tuesday
IC Markets is 5 pm New York close, so don't worry about any other brokers, don't complicate the situation with scenarios that don't even exist
It takes a lot for me to IGNORE you, but you can try.
- #278
- Feb 20, 2020 2:58pm Feb 20, 2020 2:58pm
- Joined Jul 2011 | Status: Gold Again | 10,557 Posts
{quote} Have you considered entering on the 1HR chart for this strategy? Here is a very helpful indicator somebody shared with me on here. See what it looks like on the 1HR chart and how potentially well it can work with this strategy. {file}
If you mean to wait for a close of 1 hour candles before entering, PRICE could be 50 or pips beyond, no advantage there that I can see
I post charts on the 4 Hour because that is the easiest way to display the full week, entry is at a price level or breakout zone, never on a candle close, no one ever mentioned that.
Do what you want, use any indicators you want, then share the results with us...
It takes a lot for me to IGNORE you, but you can try.
- #280
- Feb 20, 2020 3:16pm Feb 20, 2020 3:16pm
- Joined Jul 2011 | Status: Gold Again | 10,557 Posts
{quote} GU trade already trigger TP target for me. Already moved 120 pips below the low of the MoTu range. I would not get in it now if I were you, but that is up to you obviously.
Don't be like those top and bottom pickers over at
https://www.forexfactory.com/showthr...88764&page=870
When you start hedging, surely you have to question your sanity? You'll never be 300 pips "wrong" in this thread.
It takes a lot for me to IGNORE you, but you can try.