Stay calm, be brave, wait for the signs - Jasper Friendly Bear
Pivot Point Squeeze, high probability system
Like I have said, dont really know the settings for other pairs as it works soooo well on the euroyen. that was a guess. AUDJPY is more volatile so the trigger level has to be higher.
Another great trade 2 days in a row. Took profit at the S1 line + some just in case it bounces before it. In at 16187.5 out at 16130, nice little trade. Went rockclimbing for the night, came back to that...cant complain!
GCTrader
Another great trade 2 days in a row. Took profit at the S1 line + some just in case it bounces before it. In at 16187.5 out at 16130, nice little trade. Went rockclimbing for the night, came back to that...cant complain!
GCTrader
- #149
- Dec 6, 2007 7:09pm Dec 6, 2007 7:09pm
Just trying to analyse the last trade from a hindsite perspective. I have stacked the indicators a little differently than in my last post in order to get a bit better clarity. Bbhisto is now in a window of its own.
Bbsqueeze started to show a squeeze (magenta dots) so that would be a heads up for an impending trade. Bbhisto initially printed green dots leading one to think that the play may be in the upwards direction, however, neither the Macd histo nor the bbsqueeze or the DPO crossed their respective waterline so a long play was never triggered.
Bbhisto then printed a red dot with the Macd histo, bbsqueeze histo and DPO in corroboration. A short play could have been initiated at the highlighted bar. ( ahh...isn't hindsight wonderfull
). Not quite as "clean" a signal as GCT's setup, requiring a bit of discretion by the trader, but it did come a little earlier and could have given a few extra pips.
I am not entirely satisfied that this chart setup is as mechanical as GCT's and will consider it to be just a starting point at this time. I would like to see a few more trades unfold before deciding if there is something useful here. Perhaps its just as easy to open a new account with IT Finance as it is to mess around trying to get MT4 to mimic the setup. Any suggestions are welcome.
Bbsqueeze started to show a squeeze (magenta dots) so that would be a heads up for an impending trade. Bbhisto initially printed green dots leading one to think that the play may be in the upwards direction, however, neither the Macd histo nor the bbsqueeze or the DPO crossed their respective waterline so a long play was never triggered.
Bbhisto then printed a red dot with the Macd histo, bbsqueeze histo and DPO in corroboration. A short play could have been initiated at the highlighted bar. ( ahh...isn't hindsight wonderfull
). Not quite as "clean" a signal as GCT's setup, requiring a bit of discretion by the trader, but it did come a little earlier and could have given a few extra pips.I am not entirely satisfied that this chart setup is as mechanical as GCT's and will consider it to be just a starting point at this time. I would like to see a few more trades unfold before deciding if there is something useful here. Perhaps its just as easy to open a new account with IT Finance as it is to mess around trying to get MT4 to mimic the setup. Any suggestions are welcome.
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
- #150
- Dec 6, 2007 8:47pm Dec 6, 2007 8:47pm
- | Commercial User | Joined Oct 2007 | 1,015 Posts
FXHERMIT,
Can you explain your chart a little bit. Are the dots in the histogram buy and sell signals? It is a nice looking chart...for mt4 I take it! Is it possible to post the chart or explain how one can set their chart up like yours??
Can you explain your chart a little bit. Are the dots in the histogram buy and sell signals? It is a nice looking chart...for mt4 I take it! Is it possible to post the chart or explain how one can set their chart up like yours??
Just trying to analyse the last trade from a hindsite perspective. I have stacked the indicators a little differently than in my last post in order to get a bit better clarity. Bbhisto is now in a window of its own.
Bbsqueeze started to show a squeeze (magenta dots) so that would be a heads up for an impending trade. Bbhisto initially printed green dots leading one to think that the play may be in the upwards direction, however, neither the Macd histo nor the bbsqueeze or the DPO crossed their respective waterline so a long play was never triggered.
Bbhisto then printed a red dot with the Macd histo, bbsqueeze histo and DPO in corroboration. A short play could have been initiated at the highlighted bar. ( ahh...isn't hindsight wonderfull
I am not entirely satisfied that this chart setup is as mechanical as GCT's and will consider it to be just a starting point at this time. I would like to see a few more trades unfold before deciding if there is something useful here. Perhaps its just as easy to open a new account with IT Finance as it is to mess around trying to get MT4 to mimic the setup. Any suggestions are welcome.
Breakaway from pivot. Entered in at 16187.5, 30pip stop. 1 unit.
Hello. GCTrader1,
You alway put 30 pips stoploss when you entry?
Thank.
Cha.
Did anyone catch the current trade open?
GCTrader
