sym,
are data from the web free or paid?
are data from the web free or paid?
- #106
- Apr 16, 2015 1:34am Apr 16, 2015 1:34am
Hi Sym, I'm very curious about your system and indi. thnx for sharing this. So far looking great after reading this thread. regards.
One thing I'd like to clarify:
not every day there is an hedge (small) reading data.
For some pairs, some days the indi is useless because there is not a clear indication. There is equilibrium.
So what I post is the trade I take or could take (I don't trade every day in this period).
For today EURUSD is BUY... but I don't know... we'll se...
Trade with caution
sym
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{quote} Thanks hsn100... appreciated
?
{quote} Good morning it's better USDCHF, moves slowly but steady. Have a good day.{image}
- #110
- Edited 2:27am Apr 16, 2015 2:10am | Edited 2:27am
- | Joined Aug 2009 | Status: Trader | 208 Posts
{quote} Good morning it's better USDCHF, moves slowly but steady. Have a good day.
I just have one question, how do you measure SL, is it based on top or the bottom of the main resistance/support?
and also how about TP? you know very well this business, without good MM, every method will fail.
- #111
- Edited 3:14am Apr 16, 2015 2:52am | Edited 3:14am
{quote} Hey fellow trader, very decent method... congrats! I just have one question, how do you measure SL, is it based on top or the bottom of the main resistance/support? and also how about TP? you know very well this business, without good MM, every method will fail.
you trade futures and options so you know for sure this business and you probably use platforms with real time data.
In mt4 we don't have this opportunity (but I'm thinking about it)... so we take what we can from the web.
This indi try to follow what BB had done (when there is a clear indication) hoping the market doesn't reverse meanwhile.
TP and SL are very discretional but usually at S/R...
One strategy could be to enter the market with half of your lot size when there is the first signal (let say a BUY).
If market goes in the wrong direction (or better if I made a mistake - because market is always right) enter the second half at the second support.
R:R at least 1:1 or higher.
Sounds good???
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{quote} Hi michael you trade futures and options so you know for sure this business and you probably use platforms with real time data. In mt4 we don't have this opportunity (but I'm thinking about it)... so we take what we can from the web. This indi try to follow what BB had done (when there is a clear indication) hoping the market doesn't reverse meanwhile. TP and SL are very discretional... One strategy could be to enter the market with half of your lot size when there is the first signal (let say a BUY). If market goes in the wrong direction...
for me the method must be clear, there is no time to search for a correct SL or TP while you see the signal.I think the best for you and for all here who follow your method would be to set exact TP and also clear SL, and I think it is the hardest thing in every method, but it can be done, I can help you to work it out. But I need more data.. when you release this indi?
wish you all good RR
M
USDCHF going up..
Tfpffuu! Its CHF ! I dont touch that piece of sh*t. I dont touch this pair after January. No one knows what can happen there.
.......then why the hell are you wasting your time and watching this pair?
M
- #115
- Apr 16, 2015 3:55am Apr 16, 2015 3:55am
USDCHF going up..
Michael, thanks for your offer and help.
As I wrote the indi is available but WITHOUT daily data is like a gun without ammunitions. USELESS.
I need to solve the update issue or... find something better.
And honestly I prefer the second one.
Have a great day
--- nothing to say ---
{quote} Dear Mario.. Tfpffuu! Its CHF ! I dont touch that piece of sh*t. I dont touch this pair after January. No one knows what can happen there. .......then why the hell are you wasting your time and watching this pair?
??
