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the key to the mint

  • #4,141
  • Oct 17, 2008 11:00am Oct 17, 2008 11:00am
Hi Harold, this is gbpdude.

Check your settings on the "My Dimdim" page before joining or hosting a room.

Also, after you host a room - click on "Hands free" in the bottom left of the screen.
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  • #4,142
  • Oct 17, 2008 11:06am Oct 17, 2008 11:06am
I'm just now trying to set my indicators to Harold's specs. My default RSI settings are Period 14, which I changed to 13, and upper level has default 70, lower level default 30. Which one do I set at 50? Or, do I leave the defaults of 70 and 30?
Thanks in advance
LR
  • #4,143
  • Oct 17, 2008 12:27pm Oct 17, 2008 12:27pm
Quoting Mgh
I'm just now trying to set my indicators to Harold's specs. My default RSI settings are Period 14, which I changed to 13, and upper level has default 70, lower level default 30. Which one do I set at 50? Or, do I leave the defaults of 70 and 30?
Thanks in advance
You can do this 2 ways, depending on your platform : either add a horizontal line at the 50 level, using the line parameter dialog box to set it at exactly 50, OR just set both overbought / oversold lines to 50.
  • #4,144
  • Oct 17, 2008 1:38pm Oct 17, 2008 1:38pm
I set both RSI levels at 50 and now I believe it's correct

Thank you

MgH
LR
  • #4,145
  • Oct 17, 2008 2:19pm Oct 17, 2008 2:19pm
hi guys once i figure how to get audio with dim dim i will let you know also gbpdude i have those checked but it does not give me option to click hands free i ll keeping working on it
  • #4,146
  • Oct 18, 2008 12:02am Oct 18, 2008 12:02am
Quoting tcmm
What are the best times for the 123 mint.
From 8.00pm est to 2.00am est, if a 123 forms because of low volume if it gets to point 2 it might not break and give more likely a false signal because of low volume. Wouldn't it be better to see the 123 form after 2.00am est euro open to 12.00pm usd. I know you guys start after 8.00pm est. Can you explain? Thank you
Can anyone answer the above please.
My Email For Help: [email protected]
  • #4,147
  • Oct 18, 2008 4:38pm Oct 18, 2008 4:38pm
1-2-3s can form in any session!

The hours posted in this thread are just the hours that Harold trades (he doesn't trade the Euro session).

If you can trade the Euro session - all the better!
  • #4,148
  • Oct 18, 2008 6:14pm Oct 18, 2008 6:14pm
Hi All And Harold I Am New To This Thread But I Like Your System, I Have A Question Thou.. In Your Intro To The System You Say Not To Look At The Stoch On The Daily T Frame... In What Time Frame It Has To Cross Then? On The 5 Min Or The Daily?
  • #4,149
  • Oct 18, 2008 6:26pm Oct 18, 2008 6:26pm
Thats Right Just Look For Ema's And Rsi To Cross To Same Side On Daily Only. Then On The 5 Minute Chart When We Get A 123 Pattern We Then Usd The Ema Rsi And Stoch To Confirm The 123 When It Passes Point 2 And All 3 Indicators Are Crossed To That Direction Here Is A Chart To Show The Pattern And Entry Notice The Data When Point 2 Is Crossed Also Thanks Eurodude For Answering Tccm's Question I Trade The Asian Session Till Midnight And If I Dont Get A Trade I Come Back In Us Session 95% Of My Trades Occur During Asian Session
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  • #4,150
  • Oct 18, 2008 6:48pm Oct 18, 2008 6:48pm
Quoting harold4x
Thats Right Just Look For Ema's And Rsi To Cross To Same Side On Daily Only. Then On The 5 Minute Chart When We Get A 123 Pattern We Then Usd The Ema Rsi And Stoch To Confirm The 123 When It Passes Point 2 And All 3 Indicators Are Crossed To That Direction Here Is A Chart To Show The Pattern And Entry Notice The Data When Point 2 Is Crossed Also Thanks Eurodude For Answering Tccm's Question I Trade The Asian Session Till Midnight And If I Dont Get A Trade I Come Back In Us Session 95% Of My Trades Occur During Asian Session
thanks for quick response... now.. you mean after 123 confirmation all 3 indicator needs to cross in the 5 m t frame?
  • #4,151
  • Oct 18, 2008 6:51pm Oct 18, 2008 6:51pm
Yes The Indicators Are Used To Confirm The 123 Setup So When Price Breaks Point 2 The Indicators Need To Cross
  • #4,152
  • Oct 18, 2008 7:03pm Oct 18, 2008 7:03pm
Quoting harold4x
Yes The Indicators Are Used To Confirm The 123 Setup So When Price Breaks Point 2 The Indicators Need To Cross
thank yyou very much, i"ll be working on it this coming week.
  • #4,153
  • Oct 18, 2008 7:10pm Oct 18, 2008 7:10pm
Did You See Chart In Post 4149 It Shows The Setup
  • #4,154
  • Oct 18, 2008 7:21pm Oct 18, 2008 7:21pm
Quoting harold4x
Did You See Chart In Post 4149 It Shows The Setup
i did see it, it's clear now.
now: your trades only happens once a day when the new daily k opens?
  • #4,155
  • Oct 18, 2008 7:28pm Oct 18, 2008 7:28pm
At The Close Of Daily Candle We Get Trend Direction For The Next Day. Technically The Next Day Starts 1 Second After Candle Closes And We Look To Go In The Direction Of The Daily Trend And Only In That Direction The Goal Is To Make Money 3% A Tradeso If You Have 5000 That Would Be A Rsik Of 150 Dollars If I Have A Win I Am Done Till Next Asian Session So Far This Month I Have Put On 6 Trades Won Them All Acct Is Up 18% Do That For 5 Months And You Double Acct By The End Of The Year Is All Continues I Would Have Doubled My Acct Twice You Have To Stick To Rules And Be Patient In This Game Its A Marathon Now A Sprint
  • #4,156
  • Oct 18, 2008 7:46pm Oct 18, 2008 7:46pm
Quoting harold4x
At The Close Of Daily Candle We Get Trend Direction For The Next Day. Technically The Next Day Starts 1 Second After Candle Closes And We Look To Go In The Direction Of The Daily Trend And Only In That Direction The Goal Is To Make Money 3% A Tradeso If You Have 5000 That Would Be A Rsik Of 150 Dollars If I Have A Win I Am Done Till Next Asian Session So Far This Month I Have Put On 6 Trades Won Them All Acct Is Up 18% Do That For 5 Months And You Double Acct By The End Of The Year Is All Continues I Would Have Doubled My Acct Twice You Have To Stick To Rules And Be Patient In This Game Its A Marathon Now A Sprint
got it.. now you place your profits the same way or with the same 3% ratio... what imean is if you look at some good trades formation for the past month, notice that theres a lot of pip[s still on the table after price went on the trend direction.
  • #4,157
  • Oct 18, 2008 7:58pm Oct 18, 2008 7:58pm
the target and stop are the same never more than 24 pips including spread its not about making pips its about making money you dont know that the trend will continue banking the 3% is what counts and that makes this style of trading objective 99% of all other trading styles are about accumulating pips no money management what soever thats subjective trading there goal is to become rich but they do it as if its a sprint when its not money management is the key to the mint its about managing money not pips
  • #4,158
  • Oct 19, 2008 9:57am Oct 19, 2008 9:57am
Quoting harold4x
the target and stop are the same never more than 24 pips including spread its not about making pips its about making money you dont know that the trend will continue banking the 3% is what counts and that makes this style of trading objective 99% of all other trading styles are about accumulating pips no money management what soever thats subjective trading there goal is to become rich but they do it as if its a sprint when its not money management is the key to the mint its about managing money not pips
sounds good and makes a lot sence... thanks again for the atention.
  • #4,159
  • Oct 19, 2008 2:52pm Oct 19, 2008 2:52pm
Quoting tcmm
What are the best times for the 123 mint.
From 8.00pm est to 2.00am est, if a 123 forms because of low volume if it gets to point 2 it might not break and give more likely a false signal because of low volume. Wouldn't it be better to see the 123 form after 2.00am est euro open to 12.00pm usd. I know you guys start after 8.00pm est. Can you explain? Thank you
Hi Harold, Would you agree that if you are looking for 123, that the EUR/JPY during the Asian markets it would be the one to trade because Japan market is open and if it breaks # 2 would have more volume to succeed , than get a false signal and the EUR/USD and GBP/USD you would be looking for the 123 during the Euro or US sussions because those markets are open and more volume and movement. The Euro and GBP can give more false breaks of the # 2, because there markets are closed during Asian time.
Thank you
My Email For Help: [email protected]
  • #4,160
  • Oct 19, 2008 5:51pm Oct 19, 2008 5:51pm
the answer to your question is no 95% of my trades happen during asian session 95% of those are either the gbpusd or eurusd i am attempting to login in to dimdim.com the room to join is harold4x i think i found a way to use the audio
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