DislikedThank you for everything Bob. Looks like I still have tons of learning to do.Ignored

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DislikedThank you for everything Bob. Looks like I still have tons of learning to do.Ignored
DislikedAround a year ago we played with an EA that did a buy/sell at every S/R spot on a 4H chart and it didnt work very well.
Interesting to take it before the S/R spot, allowing it to BE if it hits the S/R line small loss if it doesnt. Nice profit if it continues. Interesting?? I love it when guys think outside the box. Will have to meditate on that one. Probably Steve will have that coded before I see how it might work.Ignored
DislikedHey Bob, what were the rules for entry and exit with your EA? Did it use trend lines & M&A's as S/R? And how did you determine S/R? Was response (ie strong bounce V weak bounce) taken into consideration? And was momentum proceeding move to S/R taken into consideration?Ignored
DislikedWe played with the 4H charts using the same ones we use now. Too many SL to overcome. I ended up on the daily using our own brains to enter or not enter and then using already previous broken daily lines for good locations. So far it has worked out well but following the downward spiral of the EURO makes any system look good now. Once this Euro thing is all done, then what?? We will see. The thing I like best about it is, it is providing the best protection during very volatile times and gives us good profits when the market is being volatile....Ignored
DislikedI am working S/R manually on the 5 min chart. It is working very well for me, but as you say... the EU crisis makes life easier. But the S/R are only those that show up on the 4H or larger timeframes. I find that trendlines and EMA's work exactly the same and are probably as important. The key is to identify a) the important S/R and b) is it a breakout, fakeout or bounce. The way I do this is with PA around the lines. Without confirmation of importance and intent from PA, I just ignore them.Ignored
DislikedI used to trade lower TF, all I got was headaches from staring at the screen all the time. 4H and higher I just need to check in every so often and go on.Ignored
DislikedYou are right..e/u too easy. Pending order hit last night. Woke up well in profit. Like you advised earlier. I have finally decided after many battles with the lower time frames. Gonna stick to the daily and 4 hrs. Works best for me. Much thanks for your experience and knowledge. Through for today.
Have a good weekend,Ignored
DislikedYes placed pending order just below that at 13308. Two weeks ago did same and it retraced over 200 pips but was confident it would come back down. Patience is key, thats tough for me but im learning. Also using micro account so drawdown is no so painful.Ignored
DislikedYes placed pending order just below that at 13308. Two weeks ago did same and it retraced over 200 pips but was confident it would come back down. Patience is key, thats tough for me but im learning. Also using micro account so drawdown is no so painful.Ignored
DislikedHey Bob I was wondering what pairs you are using on the 10.1 now, idk if I missed you posting them earlier.
Also here are two screen shots oh some pairs I was looking at.
Attachment 842359
Attachment 842360
I was just wondering if you saw good trade setups here? I am just trying to get someone else`s eye on this besides mine.Ignored
DislikedNo matter what the charts are saying I am all sell on all euro pairs. I was lucky and caught some good gaps this morning. NZD buys with the election results. gbp/nzd was a big winner but that was a non-system trade just been riding gbp sells also. USD are buys for now as people leave euro currencies they are going to USD and ............... So I am long USD and short gbp eur pairs. Chf not touching except with USD, will consider gbp/chf also. Long NZD pairs when appropriate.Ignored