please be careful those last few days of the year since markets can be exposed for larger risk than usual (consolidation/window dressing/other financial plans by banks and large institutions etc.)
We will return after Christmas break. If you have any questions, please contact our support.
there are no bullet-proof methods for trading and this one is no exception, but if you watch the system for sometime, follow the rules, check the news calendar then it can bring a lot of pips.
Hi,
volatility is back. Market was positioning before the FOMC statement, and after funds rate were confirmed yesterday, we had nice moves on our majors.
market has chosen direction but please be careful, as we have lot of important news ahead (GBP, USD, AUD) and especially friday's NFP.
As usual with heavy news it will be better to wait till announcement and then join the flow on the lower time frames.
Got some signals from the three majors earlier from European session but non get into target while othrers hit sl. I need to close manually with my guts in order to lessen the loses. Didn't trade the US session.
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Joined Aug 2007
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Status: Forex Trader
|51 Posts
Hi FXarcanum:
Would it be possible to have an external choice to select light colored horizontal lines that can be visible on black chart background, if anyone chooses to have it? An automatic ability to recognize timeframe internally without having a separate indicator designated for a specific timeframe would be nice as well. Thanks.
Luck is what happens when preparation meets opportunity.
I'm pleased to announce that the new version of FX Arcanum is ready.
The changes are big enough, that we can call it a different system, but it works in similar way like the first version.
We still use levels of interest (although it got now different settings for different timeframes which are automatically adjusted), new visual graphic, new alerts, and most of all we have added market phases as entry rule (bull phase/bear phase).
System contains three different templates, which can be used depending on the traders experience and risk appetite (conservative/standard/aggressive).
The first version of the system will be turned into EA, as soon we have made the proper testing and live forward testing.
It will be also available free of charge, for the clients who purchased the first manual version.
There is also a special price for the new manual version.
More details at our home page.
So far so good : ) One question about take profit. I'm trading mostly on the m1 m5, using aggressive mode. When it's the best time to close the trade?
Like on this picture.
So far so good : ) One question about take profit. I'm trading mostly on the m1 m5, using aggressive mode. When it's the best time to close the trade? Like on this picture. {image}
Ignored
Hi,
the most common exit method is simple RR ratio (at least 1:1). You can find it explained in the system manual (page 32).
When trading aggressive style, system will give you faster entries and faster exits as well, so you can simply use opposite signal as take profit too (on this screenshot we can see a bear market, so you can take your pips when every bearish phase is finished).
