EU is consolidating around 4250 level. I like that. Next week we will be posting trades again with exact entry s/l and tp.
Charts and LIVE trading as always!
Charts and LIVE trading as always!
- | Commercial Member | Joined Feb 2010 | 14,361 Posts
Reffering to my previous post where I made short entry with 4.3 pips stop loss and 17 pips profit, I post another chart.
When I detect trend, It goes simply- retrace> sell, retrace> sell.
White marker is retrace, red marker sell.
As I say> always enter on a retrace.
When I detect trend, It goes simply- retrace> sell, retrace> sell.
White marker is retrace, red marker sell.
As I say> always enter on a retrace.
- | Commercial Member | Joined Feb 2010 | 14,361 Posts
Dear traders. Pay special attention to FOREX HIGHLIGHTS displayed in the title. It will happen every so often.
Forex Highlights are my special "cookie cutters" trading specialties which are not used widely.
They are usually very accurate
Forex Highlights are my special "cookie cutters" trading specialties which are not used widely.
They are usually very accurate
- | Commercial Member | Joined Feb 2010 | 14,361 Posts
This a very complex algorithm which I apply to h4 EU chart. It is very accurate. Look at the picture. It is an UNMODIFIED chart and the signal arrows are just as they originally appeared ( no repaint).
Signals are very accurate and I will post it when they appear. Its h4 chart exclusively.
Signals are very accurate and I will post it when they appear. Its h4 chart exclusively.
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
This a very complex algorithm which I apply to h4 EU chart. It is very accurate. Look at the picture. It is an UNMODIFIED chart and the signal arrows are just as they originally appeared ( no repaint).
Signals are very accurate and I will post it when they appear. Its h4 chart exclusively.
Attachment
Here's how I handle the H4 charts......the arrows and red vertical lines are put there by me to show trades, but the trades are actually based upon the RSI/MA cross. A bit of discretion is required to choose between the good crosses and the fake crosses, but it's just a matter of experience to sort that out. Sometimes I still get caught, but that's what the SL is for
Another simple but accurate method
Doing what you like is Freedom. Liking what you do is Happiness.
Good Morning T,
Here's how I handle the H4 charts......the arrows and red vertical lines are put there by me to show trades, but the trades are actually based upon the RSI/MA cross. A bit of discretion is required to choose between the good crosses and the fake crosses, but it's just a matter of experience to sort that out. Sometimes I still get caught, but that's what the SL is for
Another simple but accurate method
Is the RSI set to typical price ? tried a few to replicate the appearance of your RSI, it appears to be the closest but we have different brokers so some variation.
Money grows on the tree of persistence
Good Morning T,
Here's how I handle the H4 charts......the arrows and red vertical lines are put there by me to show trades, but the trades are actually based upon the RSI/MA cross. A bit of discretion is required to choose between the good crosses and the fake crosses, but it's just a matter of experience to sort that out. Sometimes I still get caught, but that's what the SL is for
Another simple but accurate method
How did you get both MA and RSI in one indicator window? I tried but MA doesn't seem like stick to the RSI window .. it went to the main window instead. Are you using a custom indicator?
- | Commercial Member | Joined Feb 2010 | 14,361 Posts
Good Morning T,
Here's how I handle the H4 charts......the arrows and red vertical lines are put there by me to show trades, but the trades are actually based upon the RSI/MA cross. A bit of discretion is required to choose between the good crosses and the fake crosses, but it's just a matter of experience to sort that out. Sometimes I still get caught, but that's what the SL is for
Another simple but accurate method
- | Commercial Member | Joined Feb 2010 | 14,361 Posts
shorted EURCHF 1905 s/l 1943
1.EURCHF in downtrend
2.RSI bearish
3.Negative reversal
Dont wanna be double exposed to EUR...I will scalp EU which is targeting 4150
1.EURCHF in downtrend
2.RSI bearish
3.Negative reversal
Dont wanna be double exposed to EUR...I will scalp EU which is targeting 4150
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Nothing custom about this setup, it's just standard MT4 stuff. Rather than explain how I did it......how about I just attach my template for you. If you really, really want to know how I got both the RSI and MA in the same window, send me a PM
RJ
RJ
Doing what you like is Freedom. Liking what you do is Happiness.
- | Commercial Member | Joined Feb 2010 | 14,361 Posts
Dont wanna be double exposed to EUR...I will scalp EU which is targeting 4150
Sell on retrace
Nothing custom about this setup, it's just standard MT4 stuff. Rather than explain how I did it......how about I just attach my template for you. If you really, really want to know how I got both the RSI and MA in the same window, send me a PM
RJ
Money grows on the tree of persistence