Got your PM bez3000.
Thanks for the interest.
Thanks for the interest.
- #7,550
- Jul 8, 2011 5:01am Jul 8, 2011 5:01am
Very basic is just how i like it, thanks very much mate 
Have a great weekend.
Have a great weekend.
I have had this indicator for a while.
It was written in 2006 and is very basic.
I do not used the Volatility Bands and have changed the colors on these to "none."
Black Line is RSI
Lime is TSL = Trade Signal Line
Dodger Blue Line is MBL = Market Base Line.
- #7,553
- Edited 6:05am Jul 8, 2011 5:44am | Edited 6:05am
Lain
Dear Lain,
I hesitate to comment as I have so many thoughts . . . and don't want to risk being too critical.
My first thought in looking at your charts is they are very "noisy" and look nothing like the author of this thread intended. No Heiken Ashi candles, additional indicators, etc. What is on there and why?
Next, if I look at the trade set ups per the rules of this system, they look fine. I did not count the winners vs. losers, but I see profitable trades.
I am not sure what you saw or how your reacted to the signals....
Thanks for the reply, don't worry about being critical we are all here to learn and make money, so any help is welcome. Tell me as much as you can
Sorry I probably should have explained the charts. They are actually setup with all the indicators Big E suggests.
- The black dotted line on the chart is the PAC line that BIG E suggested. The envelope around it is the one from Dean's TDI setup, but I don't use it so don't worry about that I just haven't taken it off.
- The red dotted lines on the chart are the exits at the prior swing as Big E said to use. Not indicators of any sort.
- The blue line is a breakeven exit. Once it moves 1.5 ATR my Stop loss moves to 0.25 ATR. Many traders here have said MM is important so they move their extis to a breakeven point once price moves to a certain level.
Again not indicators.
- It is a price chart because I can't plot Big E's Synergy HA bars in the price area with my platform. Howeven the Synergy indicator is underneith the price chart, so those Red and Green bars are the synergy HA bars Big E uses. It shows their size, color and wicks.
- The 2nd indicator is TDI
- The 3rd indicator is Stoch.
So there's no extra indicators on the charts. Everything Big E uses is there.
There are some good trades on the chart, but it's the last trade on the charts (the last TDI cross) that moved against me, just wondering if there was something I missed that screamed "don't take that trade".
I've moved the chart back to the cross bar so you can see what I saw before I took the trade on the next bars open.
Here's the cleaner charts.
Thanks again. Any insight is definately appreciated.
Lain
Good Morning all you fabulous traders....
I started trading full lots last year... tiring of $1 a pip. Takes the same amount of work... why not get paid for it? Often shooting for $500-$1,000 PER EVENING.
iT'S NOT UNCOMMON TO FIND 3-6 TRADE SET UPS PER EVENING.
[font=Comic Sans MS][size=3][color=#0000ff]Sometimes...
- pls post a few trades to keep us ( your students ) "refreshed" .- #7,560
- Jul 8, 2011 7:25am Jul 8, 2011 7:25am
- Joined Jul 2011 | Status: Gold Again | 10,612 Posts
3-6 pairs hitting out of the 8? Maybe I'm being too conservative but I only find on average 1 or 2 positions. I'm just afraid of reversals. Especially with no stop loss.
but if this is about 4 H charts, shouldn't be hard to back that statement up with some facts, a screen shot of the trades, screen shot of entry & exits (doesn't have to show dollar value)In fact, a suggestion, why not run a demo account to teach exactly the trades taken, wouldn't have to be every single trade but a few for educational purpose would be great, closer to real time than the charts I seen so far where hindsight is 20/20 and the caption is another great opportunity.
It takes a lot for me to IGNORE you, but you can try.