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  • #221
  • Apr 21, 2020 9:24am Apr 21, 2020 9:24am
Managed to catch a kiss of the SMA by the channel. Watch out for these occurring as they can be lucrative. Notice there was one previously too.


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  • #222
  • Apr 21, 2020 10:02am Apr 21, 2020 10:02am
Hi Laura. Been doing this since 2008. Nicest thread I have seen in a long time. Am a Basket trader. Trying your great template on my baskets. Having trouble with !SM_ADR_Marker. Would you have source code for this indicator?
  • #223
  • Apr 21, 2020 10:07am Apr 21, 2020 10:07am
Quoting Ryder
Hi Laura. Been doing this since 2008. Nicest thread I have seen in a long time. Am a Basket trader. Trying your great template on my baskets. Having trouble with !SM_ADR_Marker. Would you have source code for this indicator?
Hi - thank you

Unfortunately I only have the ex4 for this indicator. What's the problem you're having?
  • #224
  • Apr 21, 2020 10:10am Apr 21, 2020 10:10am
Over 300 pips for the day, it is time to stop. thank you Laura for what you have shared.
Rick
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  • #225
  • Apr 21, 2020 10:12am Apr 21, 2020 10:12am
Quoting rickster
Over 300 pips for the day, it is time to stop. thank you Laura for what you have shared. Rick {image}
Well done Rick

Thanks for sharing your results, I'm sure they will offer encouragement and inspiration to others who are trying out the methodology.
  • #226
  • Apr 21, 2020 10:15am Apr 21, 2020 10:15am
Hammer, Rickster
  • #227
  • Apr 21, 2020 10:27am Apr 21, 2020 10:27am
Time to make your lives a little easier. Now that I've got you all into the good habit of taking trades on the opposite side of the channel (upper for shorts, lower for longs), I'm going to relax the rule somewhat. You can now enter inside the channel too. This will be of particular benefit in strong-moving markets as price will rarely go to the other side of the channel.

So, in summary, for longs you want to enter either inside the channel or around the lower band, for shorts you want to enter either inside the channel or around the upper band.

Enjoy
  • #228
  • Apr 21, 2020 10:40am Apr 21, 2020 10:40am
Quoting LauraT
{quote} Hi - thank you Unfortunately I only have the ex4 for this indicator. What's the problem you're having?
It simply will not calculate the ADR. Get a center line at the daily open and that is all. My basket name is a synthetic name with a broker suffix. Have had this problem with other indicators on offline basket charts. Can usually fix it if I can get into the code. Did a search for the .mq4 file without success. Maybe look for another ADR indi. Thanks for the response.
  • #229
  • Apr 21, 2020 11:03am Apr 21, 2020 11:03am
Hello Laura,

I am a new member of Forexfactory, and I'm immediately impressed by your thread because of your way of introducing your metholodogy. Thank you very much for your sharing. I decided to follow your strategy and practicing to get familiarized with it. Today, I placed an order of short GBPJPY, which turned out well, and one Short EUR USD which hit the SL.
To share my exerperience on the EUR USD trade, the bar of all TFs were red, and RSI was at about 29, so it seemed a good setup for short. Do you think that in this case, it's not a good idea to jump in the trade because the price was already below the Daylo? Thank you for your feedback.
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  • #230
  • Apr 21, 2020 11:13am Apr 21, 2020 11:13am
what does it look like if the price is far above or below the atr indicator?
  • #231
  • Apr 21, 2020 11:15am Apr 21, 2020 11:15am
Laura, congrats to your thread. Question: Do you consider the angle of the 200sma?
  • #232
  • Apr 21, 2020 11:25am Apr 21, 2020 11:25am
Trade taken today,
I Tried to follow the rules to the later. Still unsure when to get out
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LauraT thank you.
  • #233
  • Apr 21, 2020 11:27am Apr 21, 2020 11:27am
Quoting Olarion1975
Laura, congrats to your thread. Question: Do you consider the angle of the 200sma?
Good question

Back when I used Raghee's 34EMA channel, the angle of that was important. The angle of the 8EMA isn't important as it moves so much quicker in relation to price.

As for the SMA200, I find it moves too slowly for the slope to be of use to me so I don't track it.
  • #234
  • Apr 21, 2020 11:38am Apr 21, 2020 11:38am
Hi, would this be a valid sell on NZDJPY?

I think it would be as aware its a way from channel but figured ADR break and re-test as current could be used as a form of resistance? Cheers
  • #235
  • Apr 21, 2020 11:45am Apr 21, 2020 11:45am
Quoting james.trades
Hi, would this be a valid sell on NZDJPY? I think it would be as aware its a way from channel but figured ADR break and re-test as current could be used as a form of resistance? Cheers
Hi,

What timeframe are you looking at? Helpful if you can post a chart when referencing a market.
  • #236
  • Apr 21, 2020 12:04pm Apr 21, 2020 12:04pm
Quoting LauraT
{quote} Hi, What timeframe are you looking at? Helpful if you can post a chart when referencing a market.
Sorry, embarrassingly totally forgot to attach it haha, here it is.
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  • #237
  • Apr 21, 2020 12:09pm Apr 21, 2020 12:09pm
Sorry, embarrassingly totally forgot to attach it haha, here it is. despite having broken through the atr
  • #238
  • Apr 21, 2020 12:15pm Apr 21, 2020 12:15pm
Quoting ingo3344
Sorry, embarrassingly totally forgot to attach it haha, here it is. despite having broken through the atr
And has then retraced back to the ADR as such I asked the simple question as to whether this could be used as resistance. Apologies if this is so wrong/obvious to you but no need to get your knickers in a twist!
  • #239
  • Apr 21, 2020 12:32pm Apr 21, 2020 12:32pm
Quoting james.trades
{quote} Sorry, embarrassingly totally forgot to attach it haha, here it is. {image}
No problem

It was valid in terms of the raw setup but the position of ADR Low would likely put me off and I'd find another trade to take.

Sometimes, when a market is really moving strongly, ADR Low will be broken and then tested again and act as resistance (opposite for ADR High). But I have the feeling that one will just trundle around not doing much now we're at this time of day.

Hope this helps.
  • #240
  • Apr 21, 2020 12:58pm Apr 21, 2020 12:58pm
Thanks
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