{quote} Hi John - been a year or two ! Open to any ideas as I do like this ea. Look forward to your charts.
1 - read the CCFp Weekly signal on the Monday morning
2 - enter trades as a basket, buy or sell as per the indicator, either manually or using an EA
3 - at the specified time of London session or at user preference
4 - hold the trades until pip or profit target is reached or closed basket before market weekly close
Now, here is my theory, but first some random thoughts. I always read about how the most important price of the day or candle is the closing price. BUT many times I will see a daily candle close at New York 5 pm, and immediately the next day starts off in the other direction. You know what I mean? It may have moved 200 pips down, closed and then goes back 200 pips to where it came from. My point is, how important was that closing price? Not very if you ask me!
Just look at your 4 hour candles even, I bet you can find some reverse candles quite easily; anyway, moving on.
So, I'm a trend trader mainly, and a break out trader too, so what price is important to me is when it breaks a high or low, are you with me?
What I'm thinking, for manual traders, watch for a break of the previous weekly high or low before entering a trade; this way you will be with the trend, no guarantee of course, it can reverse quickly!
Here is example of GBPNZD - it can do a lot of pips and a lot of damage! On the CCFp it is a BUY - however, it would be taking pips out of the basket since Monday!
Am I right? So that is an example of not to enter any trade manually, see where I'm going?
Any questions?
It takes a lot for me to IGNORE you, but you can try.
and saving a little old lady's money!
