BIG MONDAY 
It takes a lot for me to IGNORE you, but you can try.
Simple Monday-Tuesday System (attached calculator)
- #2,243
- Sep 21, 2020 3:34pm Sep 21, 2020 3:34pm
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
{quote} A few weeks ago, you shared the settings for everyday trading. At first, the account grew rapidly, but then approached zero just as quickly.
Every day trading? maybe every week
I have addressed this issue
Is there a question there?
It takes a lot for me to IGNORE you, but you can try.
- #2,246
- Sep 21, 2020 4:59pm Sep 21, 2020 4:59pm
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
{quote} A few weeks ago, you shared the settings for everyday trading. At first, the account grew rapidly, but then approached zero just as quickly.
If you really need to more more of what, why and when I have posted, let me know, I can provide full details of my life, but here are a few words it will contain, bushfire, cancer, radiation, divorce, cybercrime loss of $23,650, incarceration, depression.. and lots of tears
As you can see, back in March when I was really excited about it, went overboard actually, but it had great weeks and then terrible weeks, as you pointed out.
And then I had to take a forced break from trading, now I am back, much calmer and focused. No long term stats, sorry.
The main thing that I have realized, and the concept you should take from this, use it as an analysis method and not purely a trading system.
Sure, you will still get great entries and then price reverses back 100% the other way - it's not you and it's not the method - the markets does what it wants.
Definitively incorporate the analysis part into whatever you use now; me, I use the longer term trend.
There are only two types of trades. Continuation or Reversal. Trend or Fade. Call it whatever you want, but whenever anyone places a trade they are always implicitly making a bet that prices will extend in the prior direction or will reverse.
To me, this method is obviously best for entering a continuation or trend, and that suits me as a breakout trader.
Probably said too much but hey, I'm just like anyone else, struggling to get ahead, figure out what will make a dollar from week to week.
It takes a lot for me to IGNORE you, but you can try.
{quote} I know what you mean, you are correct, that was a demo account that took every pair, every price line touched, but it's more than a few weeks ago; I first posted in this thread in January 2020, and what a year it's been, right? If you really need to more more of what, why and when I have posted, let me know, I can provide full details of my life, but here are a few words it will contain, bushfire, cancer, radiation, divorce, cybercrime loss of $23,650, incarceration, depression.. and lots of tears
Please excuse the bad English via Google Translate.
- #2,248
- Sep 22, 2020 8:43am Sep 22, 2020 8:43am
- Joined Apr 2007 | Status: Gettin' kick in the nutz every day! | 721 Posts
{quote} I know what you mean, you are correct, that was a demo account that took every pair, every price line touched, but it's more than a few weeks ago; I first posted in this thread in January 2020, and what a year it's been, right? If you really need to more more of what, why and when I have posted, let me know, I can provide full details of my life, but here are a few words it will contain, bushfire, cancer, radiation, divorce, cybercrime loss of $23,650, incarceration, depression.. and lots of tears
- #2,249
- Sep 22, 2020 4:24pm Sep 22, 2020 4:24pm
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
The strength of JPY continued in Monday as expected; every pair broke the previous weeks' LOW, some good possibilities there, except...
for the USDJPY, as the USD showed great strength on Tuesday, and that sets up even greater opportunities, what are you guys seeing on your charts?
Could this be the beginning of some trends?
Some eagle eye regulars may spot that there are 2 Mon Tue levels shown on these charts, even though it is MT4 and there is no indicator for that (?)
I will do a tutorial for that shortly.
- wake up Wednesday -
for the USDJPY, as the USD showed great strength on Tuesday, and that sets up even greater opportunities, what are you guys seeing on your charts?
Could this be the beginning of some trends?
Some eagle eye regulars may spot that there are 2 Mon Tue levels shown on these charts, even though it is MT4 and there is no indicator for that (?)
I will do a tutorial for that shortly.
- wake up Wednesday - It takes a lot for me to IGNORE you, but you can try.
- #2,250
- Sep 22, 2020 4:55pm Sep 22, 2020 4:55pm
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
For the Metatrader 4 users, there is a way to plot 2 lines for the Mon Tue range, 1 line for the exact high and low, and the other for a buffer zone of your choice.
The buffer zone is just an area that you can choose to use as you wish; does it show extra confirmation by a close below (or above)? is it just an area where you can take a trade because you know entries don't have to be that precise?
This is achieved by using 2 instances of Daily Line Boxes(1), the buffer zone can only be in pips, not percentage, so unfortunately when you use a Template, all pairs will have the same zone, be it 10 pips or 15 pips according to your settings.
Here are the settings I used, you can change to suit your charts, the main thing is to change the very last line "UniqueID" as shown, so it knows it a second application.
And of course, the colors, the clearance pips, any problem please ask. With the second instance, you can see that I have it to display on the D1 or Daily chart. This make it very easy to check every chart on Wednesday, on Daily, to spot any potential setups.
As usual, any feedback, comments, likes, criticisms and suggestions are welcomed
The buffer zone is just an area that you can choose to use as you wish; does it show extra confirmation by a close below (or above)? is it just an area where you can take a trade because you know entries don't have to be that precise?
This is achieved by using 2 instances of Daily Line Boxes(1), the buffer zone can only be in pips, not percentage, so unfortunately when you use a Template, all pairs will have the same zone, be it 10 pips or 15 pips according to your settings.
Here are the settings I used, you can change to suit your charts, the main thing is to change the very last line "UniqueID" as shown, so it knows it a second application.
And of course, the colors, the clearance pips, any problem please ask. With the second instance, you can see that I have it to display on the D1 or Daily chart. This make it very easy to check every chart on Wednesday, on Daily, to spot any potential setups.
As usual, any feedback, comments, likes, criticisms and suggestions are welcomed
It takes a lot for me to IGNORE you, but you can try.
- #2,251
- Sep 22, 2020 5:13pm Sep 22, 2020 5:13pm
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
Metatrader 5 users are invited to subscribe to me, become a Buddy, send me a PM, to receive, absolutely FREE, a copy of PriceBox indicator as show on this chart
It takes a lot for me to IGNORE you, but you can try.
- #2,252
- Sep 22, 2020 5:40pm Sep 22, 2020 5:40pm
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
{quote} hello Erebus - please Describe your A-grade setups? - And do you share your weekly pending based on this strategy? - Do you approve of the idea of using Fib retracement tool similar to what is stated in post 2222?
But I don't see anyone else saying anything...
Maybe all trading with EA
It takes a lot for me to IGNORE you, but you can try.
- #2,253
- Sep 22, 2020 6:04pm Sep 22, 2020 6:04pm
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
1st alert Wednesday = AUD weakness
It takes a lot for me to IGNORE you, but you can try.
- #2,254
- Sep 22, 2020 6:30pm Sep 22, 2020 6:30pm
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
Coming real soon, have the banks been trading this already?
It takes a lot for me to IGNORE you, but you can try.
- #2,258
- Sep 25, 2020 2:04pm Sep 25, 2020 2:04pm
{quote} Please share the settings so I can trade just like you.
I edited the levels in the Fib properties to display areas of interest.
The value "(%$)" is used to display the pip value for each level.
