There is a short setup on Cable, but remember its Sunday night and its a counter, however, there is room down to the 89.
Jim
Jim
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There is a nice 50 Pip gap on the CAD. Look for it to close tonight.
Jim
DislikedHi HardHead
I have been following along with great interest in your method.
I would like to ask if you could elaborate on how you draw your Daily trend lines. Perhaps if you could show us a screen shot of your current trend lines as drawn on the Daily with a breif explaination of your thoughts?
The daily trendlines seem to have a big impact on how you make your decisions so I would like to know a little more on the subject.
Thanks
DanIgnored
DislikedFinally, after almost 3 months, had to open a hotmail account to get the verification email so I could post.
Jim,
Let me first say thank you for this thread. What a wealth of solid information.
I wrote this after noticing some algorithmic errors in the DIBS indicator I was using. While I am not an experienced coder yet, at least with Meta Quotes or any other "C" like language, it works well in alpha testing on my system and includes an "alert" feature. It also includes an adjustable offset for the indicator lines to give a better indication...Ignored
DislikedBob, I really like your indicator. Makes for less chart watching and that's much easier on my sanity.
I have a request though. You knew this was coming, right? Can you do an audible alert too?Ignored
DislikedHi
I do not see an inside bar. Also what time frame is this? It looks nothing like my 15min.
While a small short might be good to the DPP the trade does not seem to fit the rules of this system. Also a quick peek at the daily TF and you will see a reversal candle for last bar (if I am not mistaken)
DanIgnored
DislikedI sort of figured, yeah. LOL
I am not sure what you are experiencing though. On my system the pop-up alert is accompanied by an audible signal as well. As I mentioned, I don't have that much experience with the MQ language, but I'll certainly look into it.
Best regards,
BobIgnored
DislikedOn my chart the bar started at 5:30EST was an IB. Its a 30 minute chart. Right after I posted it the price moved down to my lower trend line and would've been good for a quick 30 pips. I don't see what isn't within the guidelines of this system.Ignored
DislikedI would not trade that all the way to the DPP, because if you look to the left of the break up thru the DPP you got a high there a few pips above the DPP. That is where I would have taken profit.
JimIgnored
DislikedOn my chart the bar started at 5:30EST was an IB. Its a 30 minute chart. Right after I posted it the price moved down to my lower trend line and would've been good for a quick 30 pips. I don't see what isn't within the guidelines of this system.Ignored
DislikedWell, you have a good eye for potential trades if the price did what you expected.
I do believe that a true inside bar will open and close inside of the previous bars high and low. I did not see this on the chart you posted. That is why I suggested it is not in the system guidlines.
JMO
DanIgnored