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DislikedYou and I are probably on European Brokers so would be getting the same 4H and daily candles but not everybody is depending on where they are in the world and broker. I have a daily extreme spike but would need to wait until at least tomorrow's close to see if it repaints. I had a 4H extreme spike but that has repained and will be getting a new 4H candle in a couple of minutes (now have it server load is stopping me from posting).
The only TF's we can all really compare as in oranges with oranges is up to the 1H candle.
Just a thoughtIgnored
DislikedAgreed. I use 1Hr as strategic long term direction but make orders in 30 min. window for tactical.Ignored
DislikedI also have charts for 1H and 4H for the main 4 pairs I trade on a seperate monitor and all my live trading is done on 15M charts - I'm finding that this system works really sweetly on 15M TF didn't save any charts - will start doing that tomorrow.Ignored
DislikedI've been putting on some small trades with this live, for two days. (so take what I say with a grain of salt)
Traded today through the news. (I know just should have waited until a half after to avoid spike)
But, since watching the indicators repaint AND putting on trades based on extreme cycle bars, that were two or more changes back, I'm going to add another rule to my trading of this.
Tell me what you think:
If an extreme cycle bar is more than one change of the other indicators back, then dont use it for all for to line up.
For instance...Ignored
DislikedKumoDragon,
I am not sure I understand what you are saying.
To me it sound like you are basing your orders on just the Extreme Spike indikator which is the weakest of the indikators because it is prone to repaints and not on following the system rules of all 4 indikators. Is that correct?
Please do not make the classic mistake of getting to caught up in one indikator and trying to get infront of the system. At that point you begin to second guess what you think the price action should do and it is then the market bites your a$$! OUCH!...Ignored