i like that round number indicator but with so many pairs it chews up your cpu speed i find and it becomes annoying. I have a brand new computer to with plenty of power but still chews it up.
james16 Chart Thread
i like that round number indicator but with so many pairs it chews up your cpu speed i find and it becomes annoying. I have a brand new computer to with plenty of power but still chews it up.
I got that fancy new 8gb quad core computer... might have to see how it handles it
- #49,346
- Dec 8, 2009 12:54am Dec 8, 2009 12:54am
- Joined Apr 2009 | Status: Trader | 2,891 Posts
I think the newer someone is the more they should have these zones pre plotted. This will help combat the trader who sees any old bar and then proceeds to curve fit it to make it work. I personally don't have them plotted. I am very big on round numbers. For this reason I have those on my charts which always gives me a general scope to put each market into. I then work off there as trades meet my criteria, and go through the major and minor ppzs once in a trade for mgmt.
Again this is how I go about it
Mike
If plot all the PPZ+TL+FIBs on my charts they start becoming foggy and sometimes i start to wonder why did i drew them.
On the other hand trading gets so easy all i have to do is to watch out for good PA.If i clean out the charts and wait for PA and when some OB or PB occurs i would start to draw PPZ, TL and Fibs in a little hurry so i don't miss the trade.
Adding to my troubles i trade from Two PC's one at my office and one at home.
- #49,349
- Dec 8, 2009 2:20am Dec 8, 2009 2:20am
wow i didnt even realise that was a dodgy one. thanks alot! it sure makes sense now. I will give this new one a crack
mind you, if mt4 weren't a bunch of jack asses and put round numbers on there axis like every other charting package out there, we wouldn't have this issue.
man that really annoys me about mt4. those random axis numbers mean absolutely nothing i mean wat the hell does 1.6418 mean for example. :S it really does badazzle me in why they did that :S
mind you, if mt4 weren't a bunch of jack asses and put round numbers on there axis like every other charting package out there, we wouldn't have this issue.
man that really annoys me about mt4. those random axis numbers mean absolutely nothing i mean wat the hell does 1.6418 mean for example. :S it really does badazzle me in why they did that :S
- #49,351
- Dec 8, 2009 2:23am Dec 8, 2009 2:23am
- Joined Feb 2009 | Status: kiki soso largyalo | 2,243 Posts
meine augen sind die sterne
- #49,352
- Edited 3:36am Dec 8, 2009 3:17am | Edited 3:36am
Well after the Psychology this one is biggest problem for me.
If plot all the PPZ+TL+FIBs on my charts they start becoming foggy and sometimes i start to wonder why did i drew them.
If i clean out the charts and wait for PA and when some OB or PB occurs i would start to draw PPZ, TL and Fibs in a little hurry so i don't miss the trade.
Adding to my troubles i trade from Two PC's one at my office and one at home.
I did hear once someone say in here you can just look at a chart and look for bars that are at swing highs or lows and have some space with a good pa bar. I think that is also a valid style of trading. well just a thought anyway.
I do like the round numbers thing, i think it adds some substance to a chart.
I did hear once someone say in here you can just look at a chart and look for bars that are at swing highs or lows and have some space with a good pa bar. I think that is also a valid style of trading. well just a thought anyway.
I do like the round numbers thing, i think it adds some substance to a chart.
- #49,357
- Dec 8, 2009 5:22am Dec 8, 2009 5:22am
- Joined Feb 2008 | Status: sucker for punishment | 2,444 Posts
PATIENCE... DISCIPLINE
- #49,359
- Dec 8, 2009 5:37am Dec 8, 2009 5:37am
- Joined May 2009 | Status: LIFE ITSELF | 1,058 Posts
hi guys,heres some i have been watching today...
gb/yen daily IB,nice hard break
us/yen daily IB
eu/yen 2 day pin bar, my fav. a close below the 50% fib and round number PPZ with a lot of history. just hitting the 1st problem area imo
jon
yes this one where a good opportunities for making some money
there where others too,but haven't enough margin to put on this all trades and selected only those you mentioned
anyway I'm expected to go much more lower than you have marked on your chart,this is only my opinion
.on the u/j entered a bit late because of the margin
when I will exit I will prepare for a fine tune entry to go long,like to be on all waves
- #49,360
- Dec 8, 2009 5:44am Dec 8, 2009 5:44am
Very true, sometimes, you don't need to draw a line because it's so obvious, these are the best opportunities
yeah PA at swing highs and lows by themselves are really nice setups from the 4h tf and above but as we go below the 4h, one really should be looking at other things such as ppzs, big round nos etc in addition to the setup. As u kno a single 1hr bar represents 1 hr worth of information and dont hav much significance when viewed exclusively.
Hunri