{quote} Dear Please hold on. Don't be angry. Who is saying that you are linked to any broker. What i mean that the whole point of your indicator is to enter on Low or Top on forming of M or W. But making an entry there , you are already on risk because brokers normally knows such sort of common entry places and SL set for such entries. Before moving in actual direction, Market Players will make sure to wipe you out of trade by temporarily moving the market towards hitting your SL and then continuing in actual direction. This was my point rather...
It's not because the Indi pops up a pattern that you have to enter a trade in less than 10 sec. Take time to analyse market as usual, see how market is reacting from there. Make your choice.
Also you can use what you talked about to get better entry price level using the spike.
As long as you are smarter, you can ride the market.
Here I use GpbUsd this week to illustrate my point:
Also you can use CP (Center Point) to enter a trade which doesn't suffer from Brokers manipulation level.
Cheers
PipsFestival as CrazyTrader
- #335
- Edited 10:51am Jan 30, 2016 8:00am | Edited 10:51am
{quote} Well, thank you for sharing your view, but you should have explained it this way before. It's not because the Indi pops up a pattern that you have to enter a trade in less than 10 sec. Take time to analyse market as usual, see how market is reacting from there. Make your choice. Also you can use what you talked about to get better entry price level using the spike. As long as you are smarter, you can ride the market. Here I use GpbUsd this week to illustrate my point: {image} Also you can use CP (Center Point) to enter a trade which doesn't...
. But to me what matters is the Price Action happening in these M , W area. Dear, I know properly using a M,W legs is a 70% win. And a big win. Each win double of your lose. So its 140% actually. Just i shared my thoughts. I am having an EA trading such patterns + Plus Price action + SR (Multiple TF). What i learned from there is to "NEVER TO SET A TRADE SL WITH BROKERS" instead set a hidden SL. Wait for the candle close above the M or W top or Low rather setting SL in your Trade. Also please consider, Brokers cheats for widening the spread just to hit our SL in such areas.If somebody want to observe broker spread cheats, Then invest sometime in watching the Market Open for a pair having a strong entry signal based on previous day candle close. Market movers will first move the market where they actually expect our SLs. Then there they will widen the spread in these areas just to hit our SL.
When there is Well There is a way: Watch out the spread on daily open. Just note that When spread is getting widen and when its getting narrow. If spread is getting Narrow in direction of your Signal , Then its a strong 99% confirmed signal. Wait for the moment when Market makers will move the market opposite to hit our SL. And YOU BEAT THEM(BROKERS) FOR TRIGGERING ENTRY AND ENJOY THE RIDE FOR THE COUPLE OF DAYS.
To those who think, This is a way to join the 5% and go against the 95% who are thrown out of the trade by first moving the market opposite to hit your SL. You exploit it. And you place you entry where the 95% are thrown out of the trade.
NOTE: Its against brokers interest to straight start a big move in direction of an evident signal . 90% of the time, they will retest the areas from where price is rejected and a signal is formed.
I have learnt that with time that all glitters are not gold. I just shared my experience . Here is no way I am criticizing your strategy. My points will Reduce the DD and also will save you from "being Kicked out of trade before it actually start moving in your direction".
Forex; the game of movements not the game of candles.
{quote} Sir, When it come to analyze charts in Past, I can give you a dozen of Holly Grail EAs making from 1500 to 2000 pips daily.
- Opening market on Sunday
- High impact news
- Spread widen a bit at night
- #338
- Edited 1:30pm Feb 3, 2016 9:39am | Edited 1:30pm
- | Commercial User | Joined May 2015 | 654 Posts
Don't miss out the actual Daily M pattern on EurUsd:
http://www.myfxbook.com/files/CrazyT...vw5nizjAvH.png
Source:
Live Chart & Free reliable signals [ Here ] by CrazyTrader (Myself)
Why going Long? 
CSA:
For the new comers, It also important to remind how to use this great tool.
It analyses all currencies live. It is always 100% reliable, however it doesn't tell when to enter, when to exit, neither how deep and strong will be the move.
A very important thing is the total.
When Total is above 130, it means that whole market is trending, so using the relative force concept, Strongest vs Weakest at this time can be very profitable.
See today on EurUsd chart for example.
The total point has also a kind of limit around 200... meaning that when it decreases from there, then all market start to breath/retrace the way back.
Using this tool can avoid you to make mistakes.
Exemple you want to short AudUsd today while USD is so weak and AUD strong and Total is over 130, you should defenitely think twice!!!
Hope this help.
Provide your feedbacks... thx guys
Also I recommend you to answer the pool on first page:
Version from August to December 2016 will be available if we get at least 50 voters.
Enjoy
Cheers
PipsFestival
http://www.myfxbook.com/files/CrazyT...vw5nizjAvH.png
Source:
Live Chart & Free reliable signals [ Here ] by CrazyTrader (Myself)
Why going Long?
- Daily M pattern
- 73% traders are short (Trading Against the Crowd)
- Bullish Breakout of the flag
- CSA (Curreny Strenght Analyser indicates that Eur is the Strongest vs USD the weakest
CSA attached:
CSA:
For the new comers, It also important to remind how to use this great tool.
It analyses all currencies live. It is always 100% reliable, however it doesn't tell when to enter, when to exit, neither how deep and strong will be the move.
A very important thing is the total.
When Total is above 130, it means that whole market is trending, so using the relative force concept, Strongest vs Weakest at this time can be very profitable.
See today on EurUsd chart for example.
The total point has also a kind of limit around 200... meaning that when it decreases from there, then all market start to breath/retrace the way back.
Using this tool can avoid you to make mistakes.
Exemple you want to short AudUsd today while USD is so weak and AUD strong and Total is over 130, you should defenitely think twice!!!
Hope this help.
Provide your feedbacks... thx guys
Also I recommend you to answer the pool on first page:
Version from August to December 2016 will be available if we get at least 50 voters.
Enjoy
Cheers
PipsFestival