91.50 will also break that downward sloping H4 trend line as well so looks like a good entry for buystop. Also outside the high of that pinbar.
I was looking to see if the MTF dot will turn red on next candle and continue downwards.
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DislikedBut tempted to go short here. Except for 4 hr zone it is red on 1hr, day and week.
I will go short here 91.95Ignored
DislikedEven though i am primarily a H4 live trader I have been trading demo on M15 lately.
The MTF works very well there. I coupled it with ALF although i found the EMA 8 to be very good as well.Ignored
DislikedEs Trader,
What type of candle indicator are you using? Is that HA?Ignored
DislikedI just trade live account. That gives you the real feel for trade. Even if one is good in demo, you don really experience the up and down emotional roller coaster as in live trade.
Of course until I am comfortable, I just trade 0.01 contractIgnored
DislikedHello all,
Just came across this tread. Instead of Bull/Bear power indicators and the consequently reading of the Datawindow, I use an indicator "Buyers-Sellers". If you look into the code , you'll see that it is based on bulls -bears. It' very visual, even indicating the strenght. I don't use it on its own, but as support to react on price action. Ideal for M5 scalping. I am not the creator, found it somewhere.
Enjoy,
LudoIgnored
DislikedHi ES,
The EA is wotking and is trading as per the parameter that it is set up for.
I attached the EA with OOTB to various pairs and the EA has taken the trades as per the following basic setup:
PowerPeriod = 14;
Use_TimeFrame_M240 = true;
Use_Close_of_bar_M240 = true;
Use_TimeFrame_M60 = true;
Use_Close_of_bar_M60 = true;
Use_TimeFrame_M15 = true;
Use_Close_of_bar_M15 = true;
Use_Close_of_2_M15_bars = false;
Use_TimeFrame_M5 = true;
Use_Close_of_bar_M5 = true;
Use_Close_of_2_M5_bars = true;
Lots = 1.01;
I am attaching...Ignored
DislikedHello all,
Just came across this tread. Instead of Bull/Bear power indicators and the consequently reading of the Datawindow, I use an indicator "Buyers-Sellers". If you look into the code , you'll see that it is based on bulls -bears. It' very visual, even indicating the strenght. I don't use it on its own, but as support to react on price action. Ideal for M5 scalping. I am not the creator, found it somewhere.
Enjoy,
LudoIgnored