I intend to add a graphic display of the Up 12pips/Down 12 Pips graph as is illustrated in the Excel spread sheet. It will be either an overlay of the chart or maybe in a separate window.
Again - Regards,
KingHigh
Again - Regards,
KingHigh
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DislikedHI,
Thanks for sharing your strategy,just a few questions.
Could you go a bit more into how you determine whether you are a buyer or a seller,how you determine short term trend??and how do you determine trend change??
Im sorry if its a stupid question,i'll probably have a few more
TIAIgnored
DislikedHere is an indicator that I developed to test this strategy. It builds a grid according to the strategy and inserts labeled vertical lines where session open and close. Correlation of the session lines to GMT and your broker GMT has to be worked out by YOU. If you can not do this then this indie is not for YOU.
Any questions about repainting or adding alerts will go unanswered.
Regards, KingHighIgnored
DislikedNo Stupid questions. What would be stupid is trying something without understanding and risking your capital, your inventory on something that you 'hoped' would work. ASK if you are unclear. Unless I'm trapped under something heavy and can't get to the computer or my phone, I'll answer. Deal?
MongolianIgnored
DislikedI'm still a little confused about the timing of the entries. Take a look at #20 for example:
If I recall correctly you said that you wait for your order to be filled on the retrace to the nearest price level (in this case 1,4825). In the graph it looks like you waited for the retrace to end @ approximately 1,4835 and then got in when it went back down to the 1,4825 level.
If you had your order filled during the retrace it would have hit your 6 Pips stop for EUR/USD before coming back down and hitting the TP.
In other words, do you have...Ignored
DislikedWhy is this thread called make money every day?
Ok, it might be a good system, but no-one can make money every single day.Ignored
DislikedWhy is this thread called make money every day?
Ok, it might be a good system, but no-one can make money every single day.Ignored
Disliked
Ok, it might be a good system, but no-one can make money every single day.Ignored
DislikedExcellent explanation in simple english any dumb man can understand, my friend Mongolian. Can you help me how to draw those RED lines how on my chart please?Ignored
DislikedHere is an indicator that I developed to test this strategy. It builds a grid according to the strategy and inserts labeled vertical lines where session open and close. Correlation of the session lines to GMT and your broker GMT has to be worked out by YOU. If you can not do this then this indie is not for YOU.
Any questions about repainting or adding alerts will go unanswered.
Regards, KingHighIgnored
DislikedHi mongolian,
This is an excellent explanation,thanks.....
What stands out in your explanation to me is,the art of reading price action.If this can be mastered,then as you have shown in your post,you could even have nearly as many losing trades as winners and still come out as a net winner,so long as when you lose you lose less...
That post has re-iterated something that all great traders have echoed to some degree or other,that being,learning to accept losses as part of trading,embracing losses as part of the game,i think a lot...Ignored
DislikedHer is my chart how it looks please. Can anyone tell me how to draw those red lines n also other lines at every 12 pips please>
Thanks.Ignored