I trade what I see on my charts.
Do Not listen to the Muppets.
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Dislikedim guessing he made 5 normal trading style posts, to get past moderation, then spam another 10-15 to get his post count up....
hmmm interesting tactic, i wonder if i can do thatLOL
Ignored
DislikedHere is my attempt at scaling out. It gained me only 6 more pips---or $60 more than if I just went for the 20 pips outright--on this occasion.
Also about roys meter--I'm not sure everyone gets that it prints the blocks one candle after the trix arrow. So the candles high (for long) that you have to beat by 2 pips is the one to the left of the block signal. It says this in the manual. A great way around this is mentioned in Indreks thread recently. He runs Xecrets indy FOR THE 5 MIN ONLY- which prints the signal block exactly per trix arrow----leave...Ignored
DislikedHi Everyone:
First off want to say I've read the manual a dozen times, been following this thread from the C4 days and still have a question. I've been IM'd from others who also have the same question so here goes. In the enclosed chart A is the signal candle and B is the candle PA has to be 2 pips below in order to trade. What to do when A is already more than 2 pips below when it closes. Feel free to send me to page in manual, or dunce cap in the corner, but for the life of me I'm stumped. Thanks for your help and patienceIgnored
DislikedWeisong00:
I will ask you a few questions as I like you and others to think about things first and see if you can come up with the answer first.
Q1. What does ADR stand for? The meaning of it? (A=???? D=???? R=????)
Q2. What does 5d,10d,20d represent?
Q3. How do you think the ADR=155 was calculated?
After you answer I think you will see the answer yourself. If not I will ask more questions.
ThanksIgnored
DislikedHi Merlyn:
Thanks for the reply. Tell me if I'm right. The first second of a new 5M candle, if the 3 blocks are aligned that is a confirmed signal, no need to wait for the candle to close? and the 5 m signal will not change color?Ignored
DislikedHave you ever had a situation where the signal candle is more then 2 pips higher on open and what did you do then. Thanks, from the PM's I'm getting I'm not the only confused one when it comes to Roy indicator, this will help a lot of people.Ignored
DislikedHi Everyone:
First off want to say I've read the manual a dozen times, been following this thread from the C4 days and still have a question. I've been IM'd from others who also have the same question so here goes. In the enclosed chart A is the signal candle and B is the candle PA has to be 2 pips below in order to trade. What to do when A is already more than 2 pips below when it closes. Feel free to send me to page in manual, or dunce cap in the corner, but for the life of me I'm stumped. Thanks for your help and patienceIgnored
DislikedHello bigjim,
Correct, the way that Roy's blocks are coded once the 2 (30-5 entry) or 3 (60-15-5 or 240-15-5 entry) blocks are lined up you are good to go once the 2 pip criteria has been met and no, the M5 block will not change colour.
Occasionally the signal candle will either open above or quickly pass the 2 pips needed to enter a trade, that is in fact showing that there is good price action/momentum so I would enter there and then provided that all the other rules had been met, proximity of S/R lines, pivot lines, % of daily...Ignored
DislikedThank you, Thank you, Thank you, I was feeling like the dummy of FF, but now that you have explained it, it all makes sense. First 60m signal, then 15 , AND THEN AS SOON AS THE 5 MATCHES, LOOK TO THE LEFT, AND ONCE SIGNAL CANDLE PASSES CANDLE ON LEFT BY 2, YOU'RE IN. Again, all the other criteria must match. I hope I am correct in this assumption, thanks for helping lots of folks, FF is the best.
JimIgnored
DislikedQ1.it is average daily range.
Q2.5d = 5-Day ADR
10d = 10-Day ADR
20d = 20-Day ADR
Q3.147+144+138+192=621
621/4=155Ignored
DislikedThank you, Thank you, Thank you, I was feeling like the dummy of FF, but now that you have explained it, it all makes sense. First 60m signal, then 15 , AND THEN AS SOON AS THE 5 MATCHES, LOOK TO THE LEFT, AND ONCE SIGNAL CANDLE PASSES CANDLE ON LEFT BY 2, YOU'RE IN. Again, all the other criteria must match. I hope I am correct in this assumption, thanks for helping lots of folks, FF is the best.
JimIgnored
DislikedHi folks:
If we are waiting for the first new 60 min candle to change, isn't it easier just to watch the charts a few minutes before the hour and then see if it changes, as opposed to staring at the charts all hour long?Ignored
DislikedHi folks:
Now that I've removed the dunce cap I have another question. If we are waiting for the first new 60 min candle to change, isn't it easier just to watch the charts a few minutes before the hour and then see if it changes, as opposed to staring at the charts all hour long? Thoughts please, thanks.
JimIgnored
DislikedHi:
Might be putting dunce cap back on. You don't have to trade the first 1 hr candle that changes, just if 60/15/5 are all the same, even if the 60 minute candle changed many hours ago and still is the same color? Might be dumb, but the manual makes it sound, at least to me, that is has to be the first 60, then followed by 15, then 5. Thanks guys.
JimIgnored