DislikedHi there, When you say to look at the direction of the daily candle, do you mean today's candle or the last closed daily candle (yesterday)? Thanks.Ignored
atheer1
- #143
- Mar 31, 2016 7:35am Mar 31, 2016 7:35am
- Joined Oct 2006 | Status: Trader | 4,056 Posts
there's no reason in the world to not show live (demo) trades. so far all i've seen are cherry picked trades, which might be good enough for early teaching purposes, but at a certain point the OP should put some mustard on the hotdog. saying, this is not a trading journal, is just a cop out.
But I will not post other demo trades........
I know my stuff........
atheer1
- #145
- Mar 31, 2016 7:49am Mar 31, 2016 7:49am
- Joined Oct 2006 | Status: Trader | 4,056 Posts
This is my choice for a good set up. Daily & Hourly are up, giving me a long bias. Lowest low of previous 5 bars. Previous 2 bars were red and closed successively lower. Open was in lower quadrant of BB. Open was not on 1pip line. Wick extended well into 3rd line above, making the open and close fulfilling a requirement listed in post #51. My biggest faux pas was to not notice news coming up in 2 minutes prior to trade. I also trailed my 6 pip stop once trade was up about 7p, and because of this lost 2p on trade. Critique is welcomed. {image}
atheer1
- #154
- Mar 31, 2016 9:44am Mar 31, 2016 9:44am
- Joined Oct 2006 | Status: Trader | 4,056 Posts
@diamonddbw & atheer1 ... I noticed a few things, [1] your chart has horizontal lines. I downloaded sweetspots gold.mq4. Compiled and loaded it as indicator. In m1, i don't get the same horizontal lines spacing that your chart has. Is there a different indicator that you guys used ? Or if you guys are also using sweetspots gold, what are the setting to use to get the same horizontal line spacing that you are getting ? [2] i also noticed that at each formation of type 1 candles, your chart has an arrow, either blue or red depending on bear or bull...
see post 28 for the 1st method indicator thanks for guilherme for doing it ,be careful its not for type 1 candle
atheer1
- #156
- Mar 31, 2016 10:07am Mar 31, 2016 10:07am
- Joined Oct 2006 | Status: Trader | 4,056 Posts
atheer1
- #157
- Mar 31, 2016 10:18am Mar 31, 2016 10:18am
- Joined Oct 2006 | Status: Trader | 4,056 Posts
atheer1
- #158
- Edited 11:03am Mar 31, 2016 10:51am | Edited 11:03am
- Joined Sep 2010 | Status: Trader | 2,034 Posts
1st day of this this a try, and learning a lot. Price action on M1 can be put to music it seems.
6 very tentative trades taken, mostly rule based, and back to BE after losing the first two. No full profit trades of the bunch, however, 3 of them could have been had I not lost my nerve.
Atheer, is it safe to trade this tomorrow, NFP, after the news?
Edit: Scalped one more for a couple.
6 very tentative trades taken, mostly rule based, and back to BE after losing the first two. No full profit trades of the bunch, however, 3 of them could have been had I not lost my nerve.
Atheer, is it safe to trade this tomorrow, NFP, after the news?
Edit: Scalped one more for a couple.
