isn't the bar that just closed a set up bar as its through the high ema by alot more than 5 pips.... so new order should be sell stop 1.5349 SL 1.5452
hopefully thats right
hopefully thats right
- #1,703
- Nov 27, 2008 1:10am Nov 27, 2008 1:10am
isn't the bar that just closed a set up bar as its through the high ema by alot more than 5 pips.... so new order should be sell stop 1.5349 SL 1.5452
hopefully thats right
-Sterling
Founder of Day Trading Forex Live
- #1,704
- Nov 27, 2008 1:13am Nov 27, 2008 1:13am
isn't the bar that just closed a set up bar as its through the high ema by alot more than 5 pips.... so new order should be sell stop 1.5349 SL 1.5452
hopefully thats right
but I thought since we were looking for a reversal bar, and the new bar is not really higher than our previous setup bar to consider it a new setup bar, we should move on. But Sterling corrected me, please see his reply. Hey... I just woke up Ok, I won't post next time until at least I drink the first pot of coffee.
- #1,705
- Nov 27, 2008 1:16am Nov 27, 2008 1:16am
I did notice that this time
-Sterling
Founder of Day Trading Forex Live
- #1,709
- Nov 27, 2008 1:25am Nov 27, 2008 1:25am
isn't the bar that just closed a set up bar as its through the high ema by alot more than 5 pips.... so new order should be sell stop 1.5349 SL 1.5452
hopefully thats right
The rules are that, after a setup bar, for the next 2 bars you'll wait for the reversal;
If it doesn't happen, you start looking for a new setup bar, starting from the next openned bar (current).
Putting it in another way:
If the high of the last closed bar would have been 1 pip lower, it wouldn't be the new setup bar - we would be waiting for one, starting from the current bar.
- #1,712
- Nov 27, 2008 1:42am Nov 27, 2008 1:42am
The rules are that, after a setup bar, for the next 2 bars you'll wait for the reversal;
If it doesn't happen, you start looking for a new setup bar, starting from the next openned bar (current).
Putting it in another way:
If the high of the last closed bar would have been 1 pip lower, it wouldn't be the new setup bar - we would be waiting for one, starting from the current bar.[/quote]
yes...got that .....thanx for explaining , and looking out for us though....right on
If it doesn't happen, you start looking for a new setup bar, starting from the next openned bar (current).
Putting it in another way:
If the high of the last closed bar would have been 1 pip lower, it wouldn't be the new setup bar - we would be waiting for one, starting from the current bar.[/quote]
yes...got that .....thanx for explaining , and looking out for us though....right on
That was a secret! 
...Just my honest 2 cents, don't take me wrong
- #1,716
- Nov 27, 2008 2:00am Nov 27, 2008 2:00am
... Its all in what you want I guess.
-Sterling
- #1,717
- Nov 27, 2008 2:07am Nov 27, 2008 2:07am
Exactly, and at the moment becoming a good trader is more improtant to me than sleeping long hours. So I am living on coffee, candy bars, and an occassional pizza
And curiously, pizza was my last meal!
- #1,719
- Nov 27, 2008 2:16am Nov 27, 2008 2:16am
Exactly, and at the moment becoming a good trader is more improtant to me than sleeping long hours. So I am living on coffee, candy bars, and an occassional pizza
LOL....wise choice. You can sleep when your rich. Do the math someday on +500 pips a month starting with whatever you have over the course of a year. Use the MM of 1 mini per 2K and see what you come up with. Figure on not taking anything out for a year and just compounding it. It will help you keep your eyes on the prize. This system averages +500 pips a month so that is very attainable. To give you something to think about if you had 20K and every 2K traded another mini lot it would be 283K by the end of 1 year if you make 500 pips a month. Its something to think about. If you have 2K by the end of the year it will be 28.3K
-Sterling
Founder of Day Trading Forex Live
- #1,720
- Nov 27, 2008 3:07am Nov 27, 2008 3:07am
- | Joined Sep 2006 | Status: howard | 1,693 Posts
Regards