Lawgirl any response on this comparison? Just feel that it can affect how one draws taps and BO's.
Also, lawgirl, I keep incorrectly getting into BO's. I try the 3 consecutive candle 15M and sometimes it fails. I then notice that sometimes even on a H1 chart you enter a 3-4 candles later... what is the reason for the 'delay' ? Just curious so I know what to look for... would appriciate your help with thisThank you.
I want to varify the BO direction as much as possible and will often wait for several M15 candles to close before entering, expecially since before the holidays. Also I have started looking for some confirmation from the RSIs before entering. Still, not all BOs will be profitable.
I ques if you keep trying it works. Still would like to be able to respond quicker once I become a member instead of jr. I've seen things at times or would like to respond in a timely way. I have some tools like the Hercules strength meter witch measures each currency with all other currency's. Example: EUR would be measured on my chart with its strength alone against all other currency. GBP, USD, JPY, CAD and on and on and on. Its measurements run from 0.....9 as the strongest. The only draw back of course is that it is looking back. But it can look back up to 4 to 6 or more hrs of history on a chart. I was told its like having the strength of 10 or more advisers. Its just another tool it can be very useful on entries or if a currency is loosing its strength quickly in the market on all front and you think it might pay to get out early. I've gained over 300 pips this past two weeks just watching this thread. Keep up the good work.
