Would it be possible btw to have one combined alert indicator where following rules are met: - TDI crossed at a good level with that right type or clock angle. - Stochastic confirms within the direction - Entry Candle closed below/above the 5 EMA depending on long or short signal. - Price Action in the right type of layout/condition (length of bars, color, wicks and so on). - Market Structure in the right type of condition, e.g. „trending“ (no sideways/range up and down situation near) - No Support/Resistance problematic near. - No upcoming high important news near. - Between the right market time/hours (if this is important too, I guess so it is.. What else I didn’t miss? I mean, this might would help to find more like a situation where two different traders using the same tools and criteria at least would end up with quiet the same trades. I still don’t really understand why such „strategy“ needs to have so much subjectivity in it and can’t be at least semi automated like producing alerts following a fixed rule based plan where all important entry criteria is already calculated. This would at least make two different traders life much easier / simple. And is the name of the topic „trading made simply“ not complicated? I guess it can’t be that hard to bring most of the Tekkies or Emmanuel or BigE‘s rules to code. Then you could quickly do a forward test taking every of the alerts signals produced for what ever time frame and instrument and have at least a fair transparent outcome or what works and what not. Is it simply not possible or would that maybe destroy the Illusion of the TMS, the TDI and what else important rules here (if only taken correct) would inevitably lead to success?
{quote} {image} EURUSD Mar 26 Trade ManagementWith BE above average entry price AEP now, I can sit back and relax, let the market decide. {image}
GBPUSD Mar 26 trades open open 3 entries on M15 and manage using the average entry price [email protected]. with BE at AEP, sit back and let the market decide. {image}
Stochastic should hook from 90 or 10 will give a strong signal for bearish or bullish respectively! Please correct me!
{quote} hi moRTal I exited my USDSGD positions yesterday before Singapore bank lunch hour. Tomorrow is big news event in SingDollar land therefore today is too risky to hold any positions. Speculators say historical 1.48 so I wait in the LTF. Follow up and do some research on SWF of the countries when you park your retirement assets any other currency. Start looking for investment asset class in different industry sectors ... 'do not put all your eggs in one basket'. Old wisdom in current times. Airline stocks are down, banks stock are down, etc....
{quote} Really nice amounts, but I doubt, you ever will trade with more than 100 lots under same technical terms, also seems you're using high leverage.
{quote} No. The stochastic making a hook down and just crossing 90 only indicates that the bullish bias is weakening as the amount of "upness" compared to "downness" decreases. The very next bar to close could be an up bar, and the stochastic down angle now changes to less down or even flat. And the up trend can continue from there. It is higher probability that the down bias will soon overtake the up bias if the stoch reaches 50. Think of a truck going up a hill. You must keep your foot on the accelerator just to keep going at a constant speed....
