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GBPJPY Daily Trend Method

  • #361
  • Jun 16, 2010 8:50am Jun 16, 2010 8:50am
Quoting orionhan
just a quick question, why I can't seem get the red and teal colored line? I've copied the .tpl and .mq4 files into templates and indicators folder respectively. A little help please?
Hmmmmm.....you're talking about the custom trend, right? I'm not sure.
  • #362
  • Jun 16, 2010 8:58am Jun 16, 2010 8:58am
No trade today.
  • #363
  • Jun 17, 2010 9:03am Jun 17, 2010 9:03am
I'm new here, so bare with me
ADX has been above 25 so far for the 3 bars. I am clear on the part that the ADX must be above 25 at the close of the 1st 30 min bar, but must it remain above 25 for all bars?

RSI is now dipping below 50, which would signal a sell.

Thanks
  • #364
  • Jun 17, 2010 9:06am Jun 17, 2010 9:06am
Quoting kellera6
I'm new here, so bare with me
ADX has been above 25 so far for the 3 bars. I am clear on the part that the ADX must be above 25 at the close of the 1st 30 min bar, but must it remain above 25 for all bars?

RSI is now dipping below 50, which would signal a sell.

Thanks
That's correct.....right now the custom trend is not in agreement so we need to wait and see if it gives a short signal as well.
  • #365
  • Jun 17, 2010 9:06am Jun 17, 2010 9:06am
No trade at 10 a.m., we have two more bars closings to wait
Michael, if ADX will drop below 25 at closing of 10:30 is it any trade even at 11:00 adx will go up(>25) and everithing else will line up?
  • #366
  • Jun 17, 2010 9:16am Jun 17, 2010 9:16am
Quoting MichaelLee_8
That's correct.....right now the custom trend is not in agreement so we need to wait and see if it gives a short signal as well.
Thanks for bringing up the divergence in the custom trend (currently teal). I was going by the ForexOffTrend red and blue lines, which currently the red is above the blue. Do we use those lines for anything?
  • #367
  • Jun 17, 2010 9:18am Jun 17, 2010 9:18am
Quoting Bay
No trade at 10 a.m., we have two more bars closings to wait
Michael, if ADX will drop below 25 at closing of 10:30 is it any trade even at 11:00 adx will go up(>25) and everithing else will line up?
If the ADX drops below 25 at the close of the next bar = no trade
  • #368
  • Jun 17, 2010 9:20am Jun 17, 2010 9:20am
Quoting kellera6
Thanks for bringing up the divergence in the custom trend (currently teal). I was going by the ForexOffTrend red and blue lines, which currently the red is above the blue. Do we use those lines for anything?
Yes, but everything has to be pointing to a short signal. Right now the red line is above the blue, the rsi is below 50, and ADX above 25. We need the custom trend to turn red in order to enter short.
  • #369
  • Jun 17, 2010 9:21am Jun 17, 2010 9:21am
Quoting MichaelLee_8
Yes, but everything has to be pointing to a short signal. Right now the red line is above the blue, the rsi is below 50, and ADX above 25. We need the custom trend to turn red in order to enter short.
All clear now, thanks!
  • #370
  • Jun 17, 2010 9:32am Jun 17, 2010 9:32am
Quoting kellera6
All clear now, thanks!

Great! I know it can be a lot to digest but you'll get the hang of it.

Would any of you be interested in just getting a trade signal? For example, I could send out an instant message that tells you to buy, sell, wait, or no trade.
  • #371
  • Jun 17, 2010 9:32am Jun 17, 2010 9:32am
Well.....we are playing the waiting game again
  • #372
  • Jun 17, 2010 9:38am Jun 17, 2010 9:38am
Quoting MichaelLee_8
Great! I know it can be a lot to digest but you'll get the hang of it.

Would any of you be interested in just getting a trade signal? For example, I could send out an instant message that tells you to buy, sell, wait, or no trade.
That's not a bad idea. I am also going to practice myself, though, so I can catch my own fish
  • #373
  • Jun 17, 2010 9:56am Jun 17, 2010 9:56am
Quoting kellera6
That's not a bad idea. I am also going to practice myself, though, so I can catch my own fish
Sounds good.....

For those who are interested in getting the trade signal, I use Yahoo IM. If you don't have it already, go to Yahoo and sign up for an email account. Then send me a pm here on FF with your user name and I'll add you to my friends list.

I'm also working on getting my blog and website off the ground. You should be able to follow me on those over the next couple of weeks/months. There will be additional trading content (videos) and a new, more aggressive, trading system. I'm pretty excited about it.

Michael
  • #374
  • Jun 17, 2010 10:01am Jun 17, 2010 10:01am
No trade today.....what a slow week!
  • #375
  • Jun 17, 2010 10:12am Jun 17, 2010 10:12am
Quoting MichaelLee_8
No trade today.....what a slow week!
What is statistic for the month?
  • #376
  • Jun 17, 2010 10:23am Jun 17, 2010 10:23am
Quoting Bay
What is statistic for the month?
Total June Pips= 75
  • #377
  • Jun 18, 2010 8:45am Jun 18, 2010 8:45am
Looks like No Trade today because the ADX is well below 25.
  • #378
  • Jun 18, 2010 8:46am Jun 18, 2010 8:46am
That is correct....working on a post right now. I sent you an IM.
  • #379
  • Edited 9:05am Jun 18, 2010 8:48am | Edited 9:05am
Traders,

The ADX is well below the 25 level. No trade today.

Just a reminder, if you have not signed up for the trade signals via Yahoo IM please send me a PM with you user ID and I will add you to the list ASAP. It is much faster and easier to communicate with you all on IM. There will be additional content available to those who use Yahoo IM such as updates to the system, a new and more aggressive system, videos and much more.

Michael
  • #380
  • Jun 18, 2010 8:49am Jun 18, 2010 8:49am
Quoting MichaelLee_8
That is correct....working on a post right now. I sent you an IM.
I just saw it, thanks!
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