I took a short on the EU. I did not follow Big E's rules on this one, although most of the time I do. So many people asking for charts of real trades, where here is one.
F09
I think you will find Xlesson meant his own post was the smart ass one not yours. He like many of us get a bit frustrated seeing the same questions all the time. Honestly...all your answers are in the first 100 pages....after that.....practice and join the forum with any questions you have about trading the method.
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Exactly, @NIRVAAN, dean sums it up pretty well, and truly i meant no harm just thought that some face time with both the platform and some structured learning would help in what you REALLY needed to know....welcome aboard.
About stops and profit targets . . . I must get 10 PM’s a day on this very subject. Using ATR for me avoids all of arbitrary and subjective folly that leads to confusion about where to place stops and targets. This was formulated by back testing. If you want to stop guessing, start working. Look back at the setups you like the best or would have taken for your plan and compile the stats. The answers will present themselves.
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Dcginc,
i was one of the those people that PM'd you regarding the your use of the ATR. i was hoping you could have a nother go at answering my question if i re-phrase it.
lets take Eelfranz's last trainning chart as an example.
if you were to back test this chart how can you know what the ATR was at any one of the verticle lines that E has market as an entry
i was one of the those people that PM'd you regarding the your use of the ATR. i was hoping you could have a nother go at answering my question if i re-phrase it.
lets take Eelfranz's last trainning chart as an example.
if you were to back test this chart how can you know what the ATR was at any one of the verticle lines that E has market as an entry
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By adding the "Average True Range" indicator in your metatrader to your chart. Then you can multiply that number by 2 or 3 or whatever you wish to use
so can you tell me what the atr was at the first vertical line on the chart i posted
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Hey man I'm not gonna tell you what the range was but would'nt the math be to add the range of the previous 7 candles ( high-low ) and dividing that by 7. That is for a 7 period ATR. It's a hassle but worth the time if you wanna back test properly.
so can you tell me what the atr was at the first vertical line on the chart i posted
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after adding atr just move the cursor over the atr line at the point of time where you would like know what the value was. ATR does not re-paint so the values are true. Tried to take a snapshot of the little data window that pops up but it was impossible. im sure you will find it.
The majority of questions posted in most threads are seeking certainty – and this thread is no exception. The redundancy is amazing. The only certainty is that nothing is certain. If you cannot allow some mental latitude to realize anything can happen, then trading is not your game.
It is very simple - define your trading plan, rules and risk. Once that is done, put on a trade and walk away. All of this probing and vacillating will not get you any closer to profitability....
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Good post.
Maybe some people will listen to you when you say they need to put in some work and not be lazy and expect someone else to do it for them.
When i tell them to get up off their butts and put time into reading charts and going thru the entire thread if they are new to the system.
The seem to think I`m trying to tear them apart.
Fact is, life is HARD and trading is HARDER.
I dont pulling any punches in saying what I think, it may come off as harsh.
But you know what life is harsh.
He who wanders, never gets lost.
No good deed goes unpunished.
so can you tell me what the atr was at the first vertical line on the chart i posted
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Hey Drifter,
Add your ATR to the old chart. In this case I've added ATR(7). Open up the Data Window. Put the cursor on the candle of choice (in this case 07-05-11 , 04:00.) Read the ATR for that candle in the data window.
I am not saying everyone but the majority want short cuts handed to them on a silver platter.
One of my mentors has always said that those who put in the time to do the work are the most successful of his students.
Best regards
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I agree doaman.
Some people want the world handed to them, 15 minutes ago.
Always looking for a life hack.
I haven't posted a single question in this thread on how to use the system.
Simply because after going thru rules layed out by BigE and by reading the entire thread from post #1 to now.
I don't have or see any questions that hasn't allready been answered several times.
Yes, the thread is huge and it will take you some time to go thru it.
By the time you get to the end, you shouldn't have any unanswered questions.
If you do, then you need to start back at post#1 and read a little slower.
He who wanders, never gets lost.
No good deed goes unpunished.
I agree doaman.
Some people want the world handed to them, 15 minutes ago.
Always looking for a life hack.
I haven't posted a single question in this thread on how to use the system.
Simply because after going thru rules layed out by BigE and by reading the entire thread from post #1 to now.
I don't have or see any questions that hasn't allready been answered several times.
Yes, the thread is huge and it will take you some time to go thru it.
By the time you get to the end, you shouldn't have any unanswered questions.
If you do, then you need...
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Mate get off your high horse. The guy you are refering to had a viable question and you basically told him he was lazy. HE was basically asking why BigE had omitted a trade from the training chart he posted and if he wouldnt mind posting some live charts as he traded them. BigE made sure everybody felt comfortable asking questions about things they dont or cant understand so before you go attacking people for being lazy, read the questions they have submitted and remember you also had to learn.......I have no tolerance for people asking questions that quite obviously reflect they have not read one post, but you are attacking someone with perfectly reasonable questions and this is not on. People will feel uncomfortable about asking questions if they get shot down every time. Make sure you read the question they are asking.
Mate get off your high horse. The guy you are refering to had a viable question and you basically told him he was lazy. HE was basically asking why BigE had omitted a trade from the training chart he posted and if he wouldnt mind posting some live charts as he traded them. BigE made sure everybody felt comfortable asking questions about things they dont or cant understand so before you go attacking people for being lazy, read the questions they have submitted and remember you also had to learn.......I have no tolerance for people asking questions...
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Dean - thanks for that. I thought I had a valid question. I didn't ask what timeframe to use (which has been asked and answered at least 100 times), I didn't ask where to find the indicators and template(which has been asked and answered at least 20-30 times), I didn't even ask about SL and TP. I asked a simple question that , if answered, I think would provide valuable information to the entire forum. My only hope in asking the question, was to enlighten everyone. Here's what looks like a valid entry, why didn't you take it? That was it....
I have traded successfully for many years and every once in a while someone says "Hey, take a look at this", so I do. I never had anyone to train me, I did it the old fashion way, with literally thousands of hours in front of the computer screen. I think that E has put together something very simple, which is the reason that it works. Given enough indicators, I can look at any currency and give very compelling reasons as to why it's going to go short and why it is going to go long. Simple is clearly better. And, like I said before, I have read every post on this thread and have never once asked a question or given my input. I do not need to be the smartest guy in the room. I kinda like being anonymous....
You guys have a good thing going here and I have no doubt that it will continue...E doesn't have just a big "E", but also a big heart.....
Dang, can we drop this stupid crap and get back to insulting the market instead?
F09
Anyone looking for a long on the AU if it crosses?
1. Major trend is up
2. Will be on 2nd candle
3. If the current candle keeps it's shape, will be engulfing the previous short candle
4. Will be off of the bounce of the 32 fib on the 1H
