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GBPJPY Daily Trend Method

  • #921
  • Mar 8, 2011 9:00am Mar 8, 2011 9:00am
Gbpjpy daily trend method: No trade today....adx is below 25
  • #922
  • Mar 9, 2011 9:00am Mar 9, 2011 9:00am
Gbpjpy daily trend method: Wait
  • #923
  • Mar 9, 2011 9:29am Mar 9, 2011 9:29am
Gbpjpy daily trend method: Wait
  • #924
  • Mar 9, 2011 9:42am Mar 9, 2011 9:42am
Hi Michael,

I can see from the history that this system is working fine, but I would like to know from you why you specify those 3 bars.

Thanks
  • #925
  • Mar 9, 2011 10:05am Mar 9, 2011 10:05am
Gbpjpy daily trend method: No trade today....adx below 25
  • #926
  • Mar 10, 2011 8:56am Mar 10, 2011 8:56am
Gbpjpy daily trend method: No trade today.....adx is below 25
  • #927
  • Mar 10, 2011 8:58am Mar 10, 2011 8:58am
Quoting FXtime
Hi Michael,

I can see from the history that this system is working fine, but I would like to know from you why you specify those 3 bars.

Thanks

Hey there,

I picked these particular bars because they represent the "London Fix". The idea is that we will often see direction for the rest of the day established between 10:00 am and 11:00 am EST. Now this isn't perfect by any means but I'm sure you get what I'm saying.

Michael
  • #928
  • Mar 10, 2011 11:15am Mar 10, 2011 11:15am
do you have the trade RESULT?
  • #929
  • Mar 10, 2011 3:59pm Mar 10, 2011 3:59pm
When I change the ForexOffTrend Alert blue line to color to none then change the time frame I am looking at it resets itself back to blue. Is there a way to stop this from happening? Thanks.
  • #930
  • Mar 11, 2011 7:56am Mar 11, 2011 7:56am
Quoting Vaydon
When I change the ForexOffTrend Alert blue line to color to none then change the time frame I am looking at it resets itself back to blue. Is there a way to stop this from happening? Thanks.
Unfortunately no.....I've tried to mess with the code but I can't figure out how to fix it......I know it's annoying, I've been putting up with the dumb thing for a long time now LoL

Michael
  • #931
  • Mar 11, 2011 7:57am Mar 11, 2011 7:57am
Quoting wtjs1971
do you have the trade RESULT?

I don't have a running total of the numbers......but I list all trades here in the thread....it should be fairly easy to calculate it.

Michael
  • #932
  • Mar 11, 2011 7:58am Mar 11, 2011 7:58am
Hey everyone.....I've got to take my wife into work today so I wont be around for the GBPJPY DAILY TREND METHOD trade today.....
  • #933
  • Edited 9:27am Mar 11, 2011 8:58am | Edited 9:27am
looks that all conditions met today so I will be short.
  • #934
  • Mar 13, 2011 3:02pm Mar 13, 2011 3:02pm
The Custom Trend is great, is anyone using it on other currency pairs and time frames?
  • #935
  • Mar 14, 2011 7:33am Mar 14, 2011 7:33am
Quoting Vaydon
The Custom Trend is great, is anyone using it on other currency pairs and time frames?
I know a few traders that use it on GBPAUD and GBPCHF. But the times they trade are different than the time for GBPJPY. On a side note, the custom trend indicator is the same as the "slope direction line" indicator. Just a different name....
  • #936
  • Mar 14, 2011 8:59am Mar 14, 2011 8:59am
Gbpjpy daily trend method: No trade today....adx is below 25
  • #937
  • Mar 15, 2011 9:00am Mar 15, 2011 9:00am
Gbpjpy daily trend method: Sell.......but be cautious!
  • #938
  • Mar 16, 2011 9:02am Mar 16, 2011 9:02am
Gbpjpy daily trend method: No trade today....adx below 25
  • #939
  • Mar 17, 2011 9:00am Mar 17, 2011 9:00am
Gbpjpy daily trend method: No trade today....adx is below 25
  • #940
  • Mar 18, 2011 9:00am Mar 18, 2011 9:00am
Gbpjpy daily trend method: Wait
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