Dislikedsofar I've been using the original method in post #1, should I switch the WMA 12 to the MA 34, and by MA i assume you are talking about Simple MA 4xq?
I'm trying to take in as much info as I can..
I am recored the london open to NY close everyday so I can actually go through in real time and watch the charts. Playing back at 8x speed I can go over 13hrs of market data in prolly 2 hours. - Speeding through news times will speed that up too.
I'm wondering tho is post #1's method is now obsolete and if I should be using the CCI and Lagrange... I don't like having so many indicators... I tested yesterday a bit and did fine with just placing S&R's on 1min and using them for Entries, the Exits are the tricky part for me if it breaks past the 10pip T/P or starts to reverse from thatIgnored
- #302
- Aug 21, 2008 10:17am Aug 21, 2008 10:17am
Great sesion for me today, compensates the yesterday's sailing 
Last trades I had 2 lions on eur and cable and one on jap and I closed them all with one shot
Last trades I had 2 lions on eur and cable and one on jap and I closed them all with one shot
"Money is only a part of wealth"
Q.
- #303
- Aug 21, 2008 10:25am Aug 21, 2008 10:25am
Took a hit, the TM took me out at -24, I should had closed at trend line and 0 break or let it run to come back, but I had the computer interfering with my afairs ...got back in after
...got back in after
"Money is only a part of wealth"
Q.
- #307
- Aug 21, 2008 10:50am Aug 21, 2008 10:50am
sofar I've been using the original method in post #1, should I switch the WMA 12 to the MA 34, and by MA i assume you are talking about Simple MA 4xq?
I'm trying to take in as much info as I can..
I am recored the london open to NY close everyday so I can actually go through in real time and watch the charts. Playing back at 8x speed I can go over 13hrs of market data in prolly 2 hours. - Speeding through news times will speed that up too.
I'm wondering tho is post #1's method is now obsolete and if I should be using the CCI and Lagrange... I don't like having so many indicators... I tested yesterday a bit and did fine with just placing S&R's on 1min and using them for Entries, the Exits are the tricky part for me if it breaks past the 10pip T/P or starts to reverse from that
great idea wirh the recording....Latest rules, developements in post #228-229...s/r lines and pivots are best for entry for me 2
Try the Wolf first...makes 10-12 pip a trade and after you get it good try the Lion...here exits are an art
"Money is only a part of wealth"
Q.
- #310
- Edited 11:00pm Aug 21, 2008 10:45pm | Edited 11:00pm
btw how are you using CCI's to exit the trade?
I'm drawing the lines and the flags are developing themselves, just wondering how you're doing it
BTW: can you please share your daily avg range and Pivot Point indicators. Mine are ok I just wants to test them vs yours.
Btw I guess its because I'm new but I just finished testing the CCI... Its ok but I don't like it for the Wolf system, I found most of the time the trade went to the T/P
Sorry for all the questions.
But also you T/P is set to just 10 pips right? then spread is taken out of that, or do you add the spread to your t/p so that you actually get your 10 pips?
I don't use cci for the Wolf, the exits are TP 10-12 pip
That is the best start, you focus first on entries and practice that, later when you got it good you can move to lion, get the art of exit
there is no shorcuts in this business, one has to go trough the fazes. It is like trying to do algebra without knowind aritmetics....it's up to you...just my opinion4XP Wolfenstein works better in a swinging market, we don't have a clear trend all the time, it may make more pips...entries are the same for both.
10 pip TP is 10 pip profit, the spread is taken out
My pivots indy attached
Please post some testing shots
"Money is only a part of wealth"
Q.
Hello 4qx!
I would like to ask you if you would be so kind and post some screenshots with marked your entry/exit points for your session. It would be great lesson for me and for others I think also.
Today I made about 30pips
(only 2h) using your method but I'd like to be better using it
Thank you!
I would like to ask you if you would be so kind and post some screenshots with marked your entry/exit points for your session. It would be great lesson for me and for others I think also.
Today I made about 30pips
(only 2h) using your method but I'd like to be better using it Thank you!
Sooner or later, those who win are those who think they can.
so Wolf's S/L has been lowered from 20 to 10?
If so thats better because after spread it would have cost 20 pips for a loss, and for a win given up 8 pips with say EUR/USD. That would mean you have to do better than 70% to even BE.
But now
If the S/L is 10 pips it should be much better
I guess the S/L should be dependent on the market tho
If so thats better because after spread it would have cost 20 pips for a loss, and for a win given up 8 pips with say EUR/USD. That would mean you have to do better than 70% to even BE.
But now
If the S/L is 10 pips it should be much better
I guess the S/L should be dependent on the market tho
- #316
- Edited 11:10am Aug 22, 2008 5:41am | Edited 11:10am
Hello 4qx!
I would like to ask you if you would be so kind and post some screenshots with marked your entry/exit points for your session. It would be great lesson for me and for others I think also.
Today I made about 30pips
Thank you!
We have two systems now
Latest rules, developements in post #227-228...my advice is to start with the wolf, that was the initial idea, scalping
"Money is only a part of wealth"
Q.
