I,ll post more screenshots tomorrow....About entry, news timing etc, etc....Im sighning off for today....
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
The System Behind the System, by Merlin Jeffries 16 replies
200 Ema system - help me build a system ! 19 replies
Knife system, Vegas 4h system related questions. 4 replies
Would you trade this system? New system #2. 10 replies
DislikedI don't se your screen shot of that trade.
Here is mine. The RSI/ATR is the bottom pane.
They still haven't crossed 4 hours later.Ignored
Dislikedjust got a signal on G/J pair. sell on 239.35. tp 238.95 (pivot point) sl 239.59.. let's see how this trade will go..
it's fast... hit my sl. but it goes to the right direction about +-35 pips, but go back and hit my sl. luckily it's a demo...
the time on fxcm is 10.30 (sgt+8.00)Ignored
Dislikedjust got a signal on G/J pair. sell on 239.35. tp 238.95 (pivot point) sl 239.59.. let's see how this trade will go..
it's fast... hit my sl. but it goes to the right direction about +-35 pips, but go back and hit my sl. luckily it's a demo...
the time on fxcm is 10.30 (sgt+8.00)Ignored
DislikedI,ll just give u advice that try to use this system on G/J instead of other jpy pairs coz i have a goood experience of tht system with G/J....Im not sure about other Jpy,s.....Ignored
DislikedHey, look at this...
Middle window is RSI 7 in combination with ATR 20, exactly as it appears on pictures posted as correct ones.
Bottom window is ATR 20 as it appears on MT4 platform.
It looks like ATR20 on middle window is ATR of RSI, not ATR of price like bottom one.
MT4 only supports ATR on price.
It's anybody there that can help us with an indicator for MT4?Ignored
DislikedThanks for your advice on the jyp.Btw i was trading the ejy yesterday.i also think the atr14 and rsi 4 show the cross better. is that a singal on the gjy right now?Ignored
Dislikedhe, he am already in and at +24 atm.the 2 atr in my chart are the same.Ignored
DislikedThat is the problem with MT4 users i think!!!
U got the point man....I think their mt4 charting package didnt support rsi with atr....thats why still showing gap....Ignored
Dislikedhe, he am already in and at +24 atm.the 2 atr in my chart are the same.Ignored
DislikedRSI and ATR are based upon different scales.
RSI ranges between 0 and 100- large numbers.
ATR is numbers like .0023 or 1.07.
If you put them in the same window and report them accurately, the ATR would look like a straight horizontal line, near 0, and the RSI would be huge compared to it.
In reality every time RSI crosses the zero line, it's crossing the ATR.
Charting software magnifies the ATR when you put it in the same window with RSI to make the two indicators look similar in magnitude.
Different software makers can use different multipliers on the ATR and it will look differently in relation to the RSI.
If yours are crossing and some other chart shows them not crossing, it's pure accident and is meaningless. Neither is right and neither is wrong. Both charts distort the ATR in different ways.Ignored
DislikedRSI and ATR are based upon different scales.
RSI ranges between 0 and 100- large numbers.
ATR is numbers like .0023 or 1.07.
If you put them in the same window and report them accurately, the ATR would look like a straight horizontal line, near 0, and the RSI would be huge compared to it.
In reality every time RSI crosses the zero line, it's crossing the ATR.
Charting software magnifies the ATR when you put it in the same window with RSI to make the two indicators look similar in magnitude.
Different software makers can use different multipliers on the ATR and it will look differently in relation to the RSI.
If yours are crossing and some other chart shows them not crossing, it's pure accident and is meaningless. Neither is right and neither is wrong. Both charts distort the ATR in different ways.Ignored