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  • #17,201
  • Dec 24, 2012 11:25am Dec 24, 2012 11:25am
Quoting chuongio
i can't download ART 5 about my computer. Can you share me about it ???. Thanks you very much
If you mean ADR 5, it is just Average True Range in MT4
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,202
  • Dec 24, 2012 9:34pm Dec 24, 2012 9:34pm
Quoting strat
If you mean ADR 5, it is just Average True Range in MT4
sorry but i don't understand and you help me
  • #17,203
  • Dec 25, 2012 12:14am Dec 25, 2012 12:14am
Quoting chuongio
sorry but i don't understand and you help me
OK

download the attached indicator, copy it into your MT4 platform experts/indicators file

If your platform is open, close it and then re open, look in your custom indicators for it and load onto your chart

Now you also have it, it tells you the average range of the last 'x' no of candles.

Your Christmas present

Larry
Attached File(s)
File Type: mq4 ATR in Pips 2.mq4   3 KB | 495 downloads
  • #17,204
  • Dec 25, 2012 1:19am Dec 25, 2012 1:19am
Quoting strat
Good! Now you are in it, how are you going to manage it? What is your PLAN?
Not so many time spending at the computer during Christmas holidays. Opened two positions. One closed at ATR(5) for 65 pips. Second is opened with SL at BE and in green about 100 pips. Wanted to see back to support at 1.6020 to close my second position.

Merry Christmas every one!
  • #17,205
  • Dec 25, 2012 8:12pm Dec 25, 2012 8:12pm
Quoting BaliuxXx
Not so many time spending at the computer during Christmas holidays. Opened two positions. One closed at ATR(5) for 65 pips. Second is opened with SL at BE and in green about 100 pips. Wanted to see back to support at 1.6020 to close my second position.

Merry Christmas every one!
But, did you PLAN the trade? Did you know where you would TP and exit before you entered the trade?
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,206
  • Dec 26, 2012 12:29am Dec 26, 2012 12:29am
Quoting strat
But, did you PLAN the trade? Did you know where you would TP and exit before you entered the trade?
The first position's TP was fixed on 1.6170. It was ATR(5). Second position SL set at BE after TP was hitted on first position. That was planned. The only plan for second TP is to reach 1.6020 but it is not hard fixed.
  • #17,207
  • Dec 26, 2012 4:28pm Dec 26, 2012 4:28pm
Started with PA, will end with PA may be.
Quoting patrick25
Nzdusd

Inside bar @ major R of BB, B and W.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-12-26-12.gif Size: 17 KB
  • #17,208
  • Dec 27, 2012 7:34am Dec 27, 2012 7:34am
Quoting patrick25
Started with PA, will end with PA may be.
Good trade, Patrick. Just be careful at this time of year where the volume is very light. Wait for CONFIRMED PASR before making decisions until the Big Boys get back to town.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,209
  • Dec 27, 2012 11:49am Dec 27, 2012 11:49am
Here is a post, posted today by one of our new members.



This is an inspiration to ALL new traders especially those frequenting public forums searching for the latest and greatest “Get Rich Quick” thread or those in search of the elusive Holy Grail. He is approaching this with calm, common sense and logic which many, in their quest for riches, over look. We have had members who join and approach this like a "Bull in a China" shop (their posts and journals are here for all to see) and consequently fall by the wayside never to be seen or heard of again.

My 2013 wish is that ALL new members on here, or on my FF thread, follow your shining example. THANK YOU!


Thu Dec 27, 2012 8:15 am
Hi traders!

I 'm going to close the second month of my path of learning.

Every day i read very very interesting things, in all the sections of the forum. It is awesome, for me, the possibility to read and discuss the progress and especially the doubts of people around the world.
So, after two months of study, i would like to integrate with the daily analysis and trading.

I hope not to sound presumptuous, but I would like to get started with real trading. Of course, with the smaller position size possible. This because in the past I have used many times the demo trading, and know very well the psychological difference between real and demo. For this I would like to compare myself directly with my Little People.

These days I'm preparing my work plan, with especially attention to the psychological aspects of every possible situation. I would like to take trading decision that take quiet the demons inside me.

I would like to share, moreover, my short-medium-long term goals:

SHORT, 6 months: knowing better the psycological side of my trading, close every months at least at BE with basic PASR, start with Trend trading.

MEDIUM, 1-4 years: I would "seeing beyond the candles", start building my professional mentality and, of course, a professional trading capital.



LONG, 7 years: i want to be a professional privat trader by age 40. Now i'm 33.

I thought of writing here, "on the wall", my trading plan.
So everyone could control my decisions, and this will help me keep the right way.

MY WORK PLAN: 27 DECEMBER 2012 (Trading start at 14 January)

TYPE OF TRADING: Basic PASR, only in the direction of the immediate trend of the higher time frame. Only PASR at SR; this include for me:Monthly, Weekly, Daily Horizontal SR, Trend Lines and EMA's, of course price must be out of the Strat Shadow or run away from it.

TIME FRAMES: Daily, Weekly (yes, i would try to trade this time frame. I would train and test my patience as trader)

MONEY MANAGEMENT: for now i will use,instead demo trading, the smaller position size allowed; also 0.01. But, i will divide the position in 2 trance, so i will open my position with 0.02 size. When and if i feel safer with the method and i can control my emotions i will use the BASE EQUITY METHOD, explained in the Psychology Thoughts Part 4.

STOP LOSS: I have the impression that my Little People accept a stop loss, under above the min max the entry bar. This because, using the Basic PASR, if the price immediately goes against me I consider "annulled" the PA that made me decide to enter this position. I mean: if the min of a BUOBBUEB is broken, i could only hope and pray that the price rises, but the initial concept is no more valid.



RISK REWARD RATIO: 11 for the first trance (ATR5), 12 for the second trance.
TARGETS: First at ATR5 or SR, second at SR.

OTHER PSYCHOLOGICAL ELEMENTS:
i decide to take a trade when the risk is acceptable for me and my MM rules.
After my entry order are placed i wouldn't check the trades during the day.

Difficulties encountered during the path: psychology behind the place of the SL, money management, seeing beyond the candles.

Of course all above is "under construction" and i will optimize the plan with your advices, observation and the experience of the next years.
I hope i explained me and all is clear why, i know, my english is terrible.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,210
  • Dec 27, 2012 12:15pm Dec 27, 2012 12:15pm
USDJPY PIP MAP
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyBIGBOSS.png Size: 61 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,211
  • Dec 27, 2012 4:46pm Dec 27, 2012 4:46pm
EURUSD Waiting for the Big Boys
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdWORKER.png Size: 66 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,212
  • Dec 27, 2012 4:56pm Dec 27, 2012 4:56pm
Quoting Alexandra
While we observe 85 on Dollar-Yen, we are intrigued by another end of year opportunity evidenced by a developing long term chart pattern accompanied by an improved daily appearance that may foretell either unwinding or a reversal of fortune:

EURAUD?

A map to 1.29 would make a nice Holiday bonus!
If anyone went along with this free ride, now at 1.28, I would tighten the stops, as the intermarket AUD and EUR analysis has paused a bit, though the long term remains supportive.

Meanwhile 85 Dollar-Yen has been breached, as per the above chart. The 83.50 neckline remains a support.
  • #17,213
  • Dec 27, 2012 5:05pm Dec 27, 2012 5:05pm
As to the EUR chart above, who among you remembers this buy signal?
Attached Image
  • #17,214
  • Dec 28, 2012 10:18am Dec 28, 2012 10:18am
AUDCHF - Where have all the buyers gone, long time passing? (apologies to Pete Seeger)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHFWORKER.png Size: 50 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,215
  • Dec 28, 2012 10:36am Dec 28, 2012 10:36am
AUDJPY - Waiting for the footprints
Attached Image (click to enlarge)
Click to Enlarge Name: audjpyWORKER.png Size: 57 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,216
  • Dec 28, 2012 3:25pm Dec 28, 2012 3:25pm
AUDUSD

BOSS trapped in a 25 week range
Attached Image (click to enlarge)
Click to Enlarge Name: audusdBOSS.png Size: 65 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,217
  • Dec 28, 2012 3:27pm Dec 28, 2012 3:27pm
CADJPY Profit taking
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpyWORKER.png Size: 52 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,218
  • Dec 28, 2012 3:29pm Dec 28, 2012 3:29pm
EURAUD BIG BOSS
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDBIGBOSS.png Size: 63 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,219
  • Dec 28, 2012 3:31pm Dec 28, 2012 3:31pm
EURGBP BIG BOSS giving orders and the Boss and Worker following orders
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPBIGBOSS.png Size: 65 KB
Click to Enlarge Name: EURGBPBOSS.png Size: 70 KB
Click to Enlarge Name: EURGBPworker.png Size: 66 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,220
  • Dec 28, 2012 3:32pm Dec 28, 2012 3:32pm
EURJPY BIG BOSS
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYBIGBOSS.png Size: 63 KB
15 YEARS OF PASR ON FOREX FACTORY!
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