I noticed that using the TRIX only seems good...Is there any more risk in using it ? I have used it in another ea and it seems profitable...What do you think of using it only ? I mean going long when the fast Trix is green and going short when it's red...Just asking...Because waiting for the Coral signal is secure but sometimes we are missing good profits waiting for the HA candle to cross over down/up the coral before entering...I stress that personally i dont consider Support/Resistances/Pivots levels and it works great...Am I doing big mistakes ?
- #7,103
- Mar 1, 2009 7:13pm Mar 1, 2009 7:13pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
cobra i have 1 indi that gives an alert when a candle close above or under the gann
maybe you can get something out of that
I'm playing with it right now, looks great.
Could be a good help for the ones that still don't know exactly where to TP.
It's the last bar indicator on my chart, replacing the trend indi.
- #7,104
- Mar 1, 2009 7:15pm Mar 1, 2009 7:15pm
- Joined Mar 2007 | Status: One life - live it... | 713 Posts
Agree...that's why I asked if it was repainting 
PC
PC
I noticed that using the TRIX only seems good...Is there any more risk in using it ? I have used it in another ea and it seems profitable...What do you think of using it only ? I mean going long when the fast Trix is green and going short when it's red...Just asking...Because waiting for the Coral signal is secure but sometimes we are missing good profits waiting for the HA candle to cross over down/up the coral before entering...I stress that personally i dont consider Support/Resistances/Pivots levels and it works great...Am I doing big mistakes...
Less is more...
- #7,106
- Mar 1, 2009 7:26pm Mar 1, 2009 7:26pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
I noticed that using the TRIX only seems good...Is there any more risk in using it ? I have used it in another ea and it seems profitable...What do you think of using it only ? I mean going long when the fast Trix is green and going short when it's red...Just asking...Because waiting for the Coral signal is secure but sometimes we are missing good profits waiting for the HA candle to cross over down/up the coral before entering...I stress that personally i dont consider Support/Resistances/Pivots levels and it works great...Am I doing big mistakes...
look at the last chart I posted, you see divergence on the fast trix, it was getting green but the PA was still heading down.
that can give you false signals, but trading manually you are prepared to take a long soon.
- #7,109
- Mar 1, 2009 8:03pm Mar 1, 2009 8:03pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Here's my setup...(I am a swing trader
You can see the ea attached to the chart in the top right side (DailyPips is how i call it...)
http://screencast.com/t/ijHNaYYD5jL
- #7,110
- Mar 1, 2009 8:10pm Mar 1, 2009 8:10pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
I made a video to show what I am talking about...!
You are talking about 1H TF, that is another story but anyhow can happen what I was talking about before, see the yellow box, a typical bearish divergence.
If you took a short you needed a very wide SL to make the trade profitable.
- #7,111
- Mar 1, 2009 8:15pm Mar 1, 2009 8:15pm
that's why the use of trend line break is very important to verify the validity of the divergence play and it also will try its best to minimize the placement of stops.
Good idea to make the video, now I got you.
You are talking about 1H TF, that is another story but anyhow can happen what I was talking about before, see the yellow box, a typical bearish divergence.
If you took a short you needed a very wide SL to make the trade profitable.
~*~You are only one trade away from humility~*~
- #7,113
- Mar 1, 2009 8:21pm Mar 1, 2009 8:21pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
that's why the use of trend line break is very important to verify the validity of the divergence play and it also will try its best to minimize the placement of stops.
Right
- #7,115
- Mar 1, 2009 8:28pm Mar 1, 2009 8:28pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
a nice 50% fib retrace=nice pips
im out for now will check in later
- #7,117
- Edited 8:45pm Mar 1, 2009 8:32pm | Edited 8:45pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
- #7,119
- Mar 1, 2009 8:46pm Mar 1, 2009 8:46pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #7,120
- Mar 1, 2009 8:54pm Mar 1, 2009 8:54pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts