you are reading it good, short and long signals, both failed, first exactly low of the day, dud said 5 est he starts to work
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DislikedHi,
In the current ongoing session, would this have been a Valid trade.
This is the only trade that I see which meets the rules.
Also, Blanca/Jnit, could you please post some of your trades.
From what Dud states early in the thread it is from 3am - 11am EST which are the best time range to trade using this system. However, price seems to be dwindling up and down, not getting good signals. Is my reading correct here ?
Thanks in Advance.Ignored
DislikedIt is news time now in the EU session, so if you are scalping right now, you must be willing to scalp 1-10 pips at a time. You must remember that this is a 1min system, there is alot of noise, it is not a 4H system where you make 100pips and more. If you use BB, you will see that the market is busy with a BB squeez on a 15 min chart and therefor it is ranging in between at the moment. It should break out soon.
So, I suggest that you move your SL to BE as soon as you can....especially now at news times. This is what I do, as soon as it made 10pips, I move my SL to BE ... you loose nothing, but eventually your gains will be more than your BE trades.
Regards,
JIgnored
DislikedWhat happens CD if it doesn't break (currently bouncing around Daily pivot as i speak) but bounces off and starts to go up, do we re-enter current bull trend as long as CCI 34/170 is above zero and RSI 14 above too?
Also I'mlooking at 5 minute chart and it's in bull trend, do we only go when 5 min matches direction of 1 min chart?Ignored
DislikedCoding Expert Needed Please!
Can anyone create an alert that will put a nice arrow and sound an alarm when the cci 34 crosses the 0 line and goes in the direction of the 170 cci and when the rsi goes over the 55 or under the 45 level just like the rules?
This would help in a big way please help.
Ignored
DislikedHi,
In the current ongoing session, would this have been a Valid trade.
This is the only trade that I see which meets the rules.
Also, Blanca/Jnit, could you please post some of your trades.
From what Dud states early in the thread it is from 3am - 11am EST which are the best time range to trade using this system. However, price seems to be dwindling up and down, not getting good signals. Is my reading correct here ?
Thanks in Advance.Ignored
DislikedYour graph looks really interesting. Can you give the details how to set this up in Metatrader4? I can not find the bololinger squeeze, neither place a MA on the RSI chart..
Thanks
BernIgnored
DislikedI was just concerned and wanted to validate that, since the rules weren't met we left a good chunk of price action and did not take the trade.
However, when the rules of the system were met, we enter the trade and take whatever is left on the table.
Reason for not taking the first trade:
1) Rules of the system not met.
2) A strong trend was not established, could have been whipsawed.
Is my understanding correct !?
Thanks!Ignored
DislikedHi dud,
I´ve got still some questions about the system, it only works from 5est to 11 est? or it could work in london session too, do you think eurusd is the most reliable currency to work with it?, my last trade short from 1.3622 once broke support heading to resistance low of the day at 1.3695, should i close it there or wait bounce or break?, How long have you been trading this system live and which has been your biggest drawdown?Ignored