I entered after the retracement..on the 21st Dec
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DislikedHi Nanningbob,
Thanks again for spending so much time putting together the manuals and the EAs for all of us. I've been reading the manuals and installed all of the EAs, indicators and profile posted on page 1.
I'm a bit lost as to the rules for entering and exiting a trade. It seems the rules are built into the EAs. I appreciate that but I prefer to learn the system/rules myself instead of relying on the EAs.. Another reason for this is that my platform is not MT4 at the moment so I have difficulty trying to replicate your setup. I got an...Ignored
MERRY CHRISTMAS
and a
HAPPY NEW YEAR.
DislikedIf I'm not mistaken, high and low was referring to the body of the candle not including the wick, which means the open and close of the candle..
Maybe Nanningbob or some one else could clarify?
Cheers..
BCIgnored
DislikedWhen ever price moved back above a S/R line you can place new pending orders below the Daily S/R lines. Yellow areas is where price moved above a S/R line so place a sell below. 3 of the last 4 days there were trades where price entered the yellow area. Placing a sell in the blue area would have given you one trade a day with 40-70 pips profit. This week I got two of those on the eur/usd. These type of trades are called re-entering the downtrend or range trading.
The read on the chart is the candle high is on one side of the blue line the low...Ignored