I will try with something like this....
one problem, I could not entry in the middle of trend like I do with heiken heshi
one problem, I could not entry in the middle of trend like I do with heiken heshi
Attached Image (click to enlarge)
Day Chart Stress FREE - Complete Chart
- #84
- Edited 4:49am Jan 29, 2017 3:00am | Edited 4:49am
- Joined Apr 2011 | Status: Trader | 2,421 Posts
If your going to measure your entry and exit points, you might wish to plot pivot points and support and resistance on the 4 hour chart there are plenty of indies out there as are strength meters and good luck to all you fellow daily traders 
.. outta here this example is on a 15 mins chart but mtf is variable. Btw your trading style aint my problem or indeed my responsibility Ok, never has been and never will be OK
CREDIT to FERRU FX for his indicators of course and this is how i would look at the daily chart btw .. the adx arrows on their own are not tradeable - if you think its an arrow to arrow holy g system it aint and if your a downloader for that purpose i save you the hours of wasted time ok - but they can work as a position reference against the daily chart - potentially that is as market rythmn does change from time to time.
.. outta here this example is on a 15 mins chart but mtf is variable. Btw your trading style aint my problem or indeed my responsibility Ok, never has been and never will be OKCREDIT to FERRU FX for his indicators of course and this is how i would look at the daily chart btw .. the adx arrows on their own are not tradeable - if you think its an arrow to arrow holy g system it aint and if your a downloader for that purpose i save you the hours of wasted time ok - but they can work as a position reference against the daily chart - potentially that is as market rythmn does change from time to time.
- #87
- Jan 29, 2017 9:03am Jan 29, 2017 9:03am
I need a clarification. When you say you made "300 pips" on a pair, then what you really mean is 30 pips, is that correct or no? I say this because you mentioned to someone that in one day they would have made 1000 pips on the NZDCAD, so I assume you are including the extra digit because obviously one thousand pips is a lot. Most people on forex factory speak in regular pips and do not include the fourth digit. Please clarify. Thanks.
I closed position for 640 Pips 0.01 position it was 64 usd
I am up 800 + pips is over 80 usd (from first week trade)
I opened on monday closed some on weekend
Just check 3 times per day
- #88
- Jan 29, 2017 9:06am Jan 29, 2017 9:06am
Hi Toto. Do you close your trades on the weekends or you don't care about the gaps? And you said that news doesn't affect you, but what's about REALLY big ones like NFP, BOJ, FOMC? Very nice-looking system, btw. I'm looking forward to testing it.
Still talking about stress free trading... (check morning, check middle day check evening)
{quote} I keep my % very low so can have swing of 200 pips (I am testing) if I can use less, need to have a look when is news coming out the moves, usually after news trend goes back on his way Still talking about stress free trading... (check morning, check middle day check evening)
Dreamer
- #90
- Jan 29, 2017 9:26am Jan 29, 2017 9:26am
{quote} That's cool. I really like the idea of checking chart just 3 times a day as i don't have much free time. Can't wait for the beginning of next week.
(and in mind is going idea of trade weekly
just that could miss a lot of pips that's possible to do with daily, may during week get a pull back 400 pips ) multiply many times
multiply many pairs
(this couold be good on 15 min chart, H1, so on... just that will be much more work behind that)
news
distractions
limited pair to trade (and sometimes when doesn't move is really stressfull)
Happy that you can test it, looking foward from your impression / opinion
Keep in mind that we can understand the value only in long time
{quote} I saw with time.... position could be open for weeks.... (and in mind is going idea of trade weekly
I'll post results after some testing.
Dreamer
- #92
- Jan 29, 2017 9:57am Jan 29, 2017 9:57am
If your going to measure your entry and exit points, you might wish to plot pivot points and support and resistance on the 4 hour chart there are plenty of indies out there as are strength meters and good luck to all you fellow daily traders
- #98
- Edited 6:43pm Jan 29, 2017 6:20pm | Edited 6:43pm
- Joined Apr 2011 | Status: Trader | 2,421 Posts
- #100
- Jan 30, 2017 2:28am Jan 30, 2017 2:28am
- Joined Apr 2011 | Status: Trader | 2,421 Posts
Here u go support and resistance indicator with fibs ..
