Thxs Eric and Scott(SL)...time to read another strategy---seems to be a good one,I see it being applied to equities(my main daytrading forte).
Sunil
Sunil
4 hour strategy (the nausbot - 4 hour trader) 11 replies
4 Hour Strategy Macd+other Indicator 21 replies
X-1102 1 hour , 4 hour and daily Tf trades 7 replies
Create a verticle line at certain hour for every certain hour 16 replies
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DislikedThxs Eric and Scott(SL)...time to read another strategy---seems to be a good one,I see it being applied to equities(my main daytrading forte).
SunilIgnored
Dislikedshorted @ 1.4831
stop loss @ 1.4853
t1 @ 1.4805
t2 @ 1.4790
TC signalIgnored
DislikedSO its more of a rhytum method/discretionary than being subjective for programming?Ignored
Dislikedjust a heads up that usd/jpy has come near to the trend lines I drew on the weekly chart.Ignored
DislikedThanks TS: Both the EU and UJ are testing the 21's on the 'other side'...time to watch and wait.Ignored
DislikedI just closed out my usd/cad position at .9961 for a very small loss (-1 pip on one set and -7 pips on the other).Ignored
DislikedI'm still in on the Loonie. It has been drifting down during the 1900 and 2300 EST 4h for the past week. It had a big run and I am naively optimistic that it will retrace while I sleep. I will check in 4 hrs (or when my alert hits .9930) and act at that time. I really AM trying to stay out of these CT trades, but it's like Pips4's Heroin. I needed a fix.
RickIgnored
DislikedYes: Because it's not like a moving average cross 'system'. Phillip stresses the use of trendlines and support and resistance areas for profit targets and entry areas. I've done some .mql coding, basic EA's, and I'm not sure how you can code a s/r line that is a week, three days, or two years old...When Phillip posts charts he'll have trendlines and s/r areas that can be ten years old but still play a role in the entry/exits. That's where the discretion part comes into play. Stick around and I'm sure you'll get the 'feel' for things...Ignored
Disliked
I seem to be the lone dissenter on the CT trades, but I'm a fan when the price action confirms...Not taking every one, but waiting for specific actions to play then pounce! There are quite a few pips to be made every once in a while when all elements look right to me....& when I can get a good entry price w/tight stop (now, heroin...that's a whole other kettle of fish...eyeyayai!!).Ignored