DislikedLux I apologize if you have detailed this but I have looked at most of your posts and I may have missed it, What do you use to filter your trades? I see daily open of course and ADR plus the trend meter and your using a 4 hour m-candle but it looks like you stopped using any of the other filters (ASH,PTO ect) back in April. Are you mainly going off of currency strength using the forexgrail spreadsheet?Ignored
PTO indicator = candle colour, rather than taking up space in a bottom window I put it in the top left corner of my chart, right underneath the pair indicator (from left to right M15, H1, H4, D1).
ASH: being a smoothed MA, the ASH indicator tells you what happened in the past.
After thousands of hours of screentime, from a mere look at the currency strength meter one can "see" what its colour is (take Robinho´s 1 x 8 as excellent example).
DislikedHello, I've been following this thread for a long time even though I have only just joined ff. Great work Robinho and Luxing. Just a quick question for Luxing, how come you take some of your trades on the 05 level instead of the 00 levels. ThanksIgnored
The eternal discussion in this thread has been (and will probably be until it dies) at which level to enter.
The simple answer to your question: it depends on which one of the levels gives me the highest probability that the trade ends with a favorable outcome.
LuXing
Wisdom begins in wonder