Sorry...chart attached (see Post 757)
Freddi
Freddi
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DislikedHi freddi,
The only thing that I could suggest is that if you were to adhere to Hint 2, you would have gotten into the trade much earlier, about 24-25 bars back when the 60min trix switched to blue. Wouldn't have had to worry about the pivot at that point as well...I'm just not sure if that would have fallen within your trading hours...Ignored
DislikedI have a good break from trading and an opportunity to keep up with new stuff and/or old stuff re-invented.
I have read all the posts while I have been away.
I agree with LUCKYLADY and pgpb regards each day preparation time to draw trendline on the higher TF's.
Trendlines are great S&R areas. Draw TL's on H1 starts each day for 60-15-5 strategy etc. and wait on M5 to see when price breaks.Trade with the H1 trend on M5.
As part of my new reading for forex over the break:
The trix indicator is such a great indicator in more ways than one....Ignored
Dislikedwhat do you means by Swingman's trix indicator version with the horizonal lines is so good. ( More on this in another post)
i wish to know more about it, can i?Ignored
"TRIX is the indicator used. TRIX displays the percent rate-of-change of a triple exponentially
smoothed moving average of the security's closing price. It is an oscillator and momentum built in.
Also, divergences between PRICE and TRIX can indicator significant turning points in the market.
Its trend following properties and leading indicator considerations has advantages to many other indicators."
Further manual page 6 Q3 says:
Horizontal lines help determine when to enter, PA more volatile above/below these lines. Help to keep out of
ranging markets and enter when the market is trending.DislikedIrathi, which time frame should i installed in??
because the EA show different ranking in the different time frame .
and what is the meaning in the column ranges number??Ignored
DislikedWhat is the best way to do stop loss? I tried using either 40 or 80 pips depending on the Trix Meter strategy and also currency pairs. But sometimes this gives premature stop then the market bounce back...that's an ouchy. I tried not using stop loss, the drawdowns turned out to be bigger than the profit. So, what is the best way to do stop loss? I don't know how to use ATR...
Irathi thanks for the tips on the Dashboard from Swingman. Fantastic tool to have. And by the way, people let's make the chart simple to just Trix Meter, Pivot levels and...Ignored
DislikedCan someone help me please.
I have set up the update stops (2) EA successfully on USD pairs but I can't get it to work on the Yen pairs, is there a special trick to it.
ThanksIgnored
DislikedRead this post & see if it help you.
http://www.forexfactory.com/showpost...&postcount=365
Make sure your Broker Symbol is set correctlyIgnored
DislikedRead this post & see if it help you.
http://www.forexfactory.com/showpost...&postcount=365
Make sure your Broker Symbol is set correctlyIgnored
DislikedIrathi,
When u wrote"I use prior swing Highs/lows. I use partial closes and set my stop to BE+3 as soon as I can. "...Is the Highs/Lows swing from yesterdays High and Lows? Or when looking at the bigger time frame like 1H or 4H Highs/Lows. Do you know that using Gleneagles's recommended stop losses sometimes fit the Highs/Lows? And about the BE+3, is that when the entrance is already in the money for 20 0r 25 pips? Or less?Ignored
DislikedI have re-read the post and checked my settings but I still can't get it to work on EURJPY. Once I put an order on the "confirm hard stop setting" message continually appears and once the trade gets into profit it closes out.
Any thoughts would be appreciated.
ThanksIgnored