DislikedIt doesn't matter about the max bars thats just what it says it is, max bars, I keep repeating this lol, it matters what history you actually have on your chart, take off autoscroll and press page up until your chart slows down, and keep pressing it until you have at least until last October on there.
I would also say though, although I may have an extreme showing, because lots of people are getting different readings, if I see everything else looking good for a buy/sell and the point of the extreme is far enough away, I will very...Ignored
- #9,345
- Mar 19, 2012 10:25am Mar 19, 2012 10:25am
- Joined Mar 2011 | Status: Pip Boy Wonder | 1,378 Posts
- #9,350
- Mar 19, 2012 10:41am Mar 19, 2012 10:41am
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
I've been massacred out there because I couldn't tell we were ranging 
Just seen that EU is finally making a move.
Can anyone help with a good strategy so that we can tell when we are ranging?
Just seen that EU is finally making a move.Can anyone help with a good strategy so that we can tell when we are ranging?
.... laughing all the way to the bank
- #9,351
- Mar 19, 2012 10:41am Mar 19, 2012 10:41am
- Joined Mar 2011 | Status: Pip Boy Wonder | 1,378 Posts
- #9,355
- Mar 19, 2012 10:59am Mar 19, 2012 10:59am
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
.... laughing all the way to the bank
- #9,356
- Mar 19, 2012 11:03am Mar 19, 2012 11:03am
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
.... laughing all the way to the bank
- #9,358
- Mar 19, 2012 11:12am Mar 19, 2012 11:12am
I've been massacred out there because I couldn't tell we were ranging
Can anyone help with a good strategy so that we can tell when we are ranging?
... but have a look where the symphonie signals appears. if it helps you could draw a fib at the last swing.
if a signal appears below 50% the chance to get a RR of 1:1 is not so high. and if a retrace has more then 50% then a chance to get more is higher.
- #9,359
- Mar 19, 2012 11:15am Mar 19, 2012 11:15am
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
i take this indicator which tell me the daily stats.
set which_window to 0 (zero) for the stats in the mainchart.
ranging depents also how volatile the currencies are. at the moment the volatility is low.
last year at about october or so there were days with ~200+ pip daily average range.
Mediator
.... laughing all the way to the bank
- #9,360
- Mar 19, 2012 11:17am Mar 19, 2012 11:17am
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
yes, the current day as you trade. you'll never know when you have reached a high and low. only history can tell that.
but what is apparent is that the current hi-lo as you receive the signal is less than 60-80 pips so you will only target small profits too.
then use other currencies. i use 4. even if i only target for 5 or 10 pips, that's already equivalent to 20 to 40 pips. spread your risk.
correlated currencies doesnt mean they always have to travel in the same direction.take what the signals tell you, provided that they are...
We'll resume our duel
after I've mastered this ranging business .
.... laughing all the way to the bank