Tellboy, thank you for your answer. Now it's clear.
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The lower chart shows the value of following the 7 am candle for EUR/USD alone.
DislikedHi there EUR scalpers. Here are the charts for this morning, Monday 8th May 2017. You could not ask for a better example of this strategy at work. This is how it looks when the best trades are made. Is this worthy of discussion or what? {image}Ignored
DislikedHi there EUR scalpers. Here are the charts for this morning, Monday 8th May 2017. You could not ask for a better example of this strategy at work. This is how it looks when the best trades are made. Is this worthy of discussion or what? {image}Ignored
DislikedHi there EUR scalpers. Here are the charts for this morning, Monday 8th May 2017. You could not ask for a better example of this strategy at work. This is how it looks when the best trades are made. Is this worthy of discussion or what? {image}Ignored
Disliked{quote} There is no doubt. Using your currency meter gives you an advantage. The trouble I have and probably some of the others. We are all trading using MT4. And we do not have a currency meter. And the two currency meters I have been using are not that good. I think to trade your method you have to use your broker. I think you said it was IC markets. The trouble is I have found there demo site not to my liking but that's just my opini
on, I will still carry on watching your thread. Good luck.Ignored
Disliked{quote} I've been demo trading this strategy and I love it! but a few things: 1. I've been using the 5min candle at 7am as the truth bar but I find I'm missing a lot of the trades. Last night the EURUSD 5 min candle at 7am painted a doji so I didn't take trades. 2. Sometimes the pairs are in the top quadrant but the 7am truth bar indicates you should go short. Vice versa. So I'm conflicted and decide not to take trades. 3.
Sometimes 1 pair is not synchronized with the other pairs so I end up not taking any trades. I think one pair last night appeared...Ignored
Disliked{quote} There is no doubt. Using your currency meter gives you an advantage. The trouble I have and probably some of the others. We are all trading using MT4. And we do not have a currency meter. And the two currency meters I have been using are not that good. I think to trade your method you have to use your broker. I think you said it was IC markets. The trouble is I have found there demo site not to my liking but that's just my opinion, I will still carry on watching your thread. Good luck.Ignored
Disliked{quote} The charts posted by the OP are from IG Markets. I used them some years ago before moving to MT4 brokers. I much prefer MT4. We just need peeps that are MT4 traders to post their charts using this idea, so that we can make it work on MT4. Price movement is the same after all. Can I confirm I have marked your 7am candle correctly using a GMT +3 broker? {image}Ignored
Disliked{quote} There is no doubt. Using your currency meter gives you an advantage. The trouble I have and probably some of the others. We are all trading using MT4. And we do not have a currency meter. And the two currency meters I have been using are not that good. I think to trade your method you have to use your broker. I think you said it was IC markets. The trouble is I have found there demo site not to my liking but that's just my opinion, I will still carry on watching your thread. Good luck.Ignored
Disliked{quote} The charts posted by the OP are from IG Markets. I used them some years ago before moving to MT4 brokers. I much prefer MT4. We just need peeps that are MT4 traders to post their charts using this idea, so that we can make it work on MT4. Price movement is the same after all. Can I confirm I have marked your 7am candle correctly using a GMT +3 broker? {image}Ignored
Disliked{quote} I've been demo trading this strategy and I love it! but a few things: 1. I've been using the 5min candle at 7am as the truth bar but I find I'm missing a lot of the trades. Last night the EURUSD 5 min candle at 7am painted a doji so I didn't take trades. 2. Sometimes the pairs are in the top quadrant but the 7am truth bar indicates you should go short. Vice versa. So I'm conflicted and decide not to take trades. 3. Sometimes 1 pair is not synchronized with the other pairs so I end up not taking any trades. I think one pair last night appeared...Ignored