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forex93

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Posts posted by forex93

  1. If you are using mt4 you can customize the fib retracement tool to any setting you want.

    You place a fib retracement on your chart and then right click anywhere on the chart where it is blank. A list will pop up, click on "objects list". Right click on "fibo" and in the upper right hand corner click on "edit". There you can add or delete any fib number you so desire.

  2. I'm beginning to believe that would-be forex traders have got to be the most gullible people in the world. Think about it--if you truly had the "holy grail" of systems would you sell it!?!?! No, you would trade it and take everybody's money and become the wealthiest person in the world. When you hear "holy grail" or "secret indicator"-- run in the opposite direction! 99% of what is being sold to the forex world is either a rehash of what is already available or an outright scam.
  3. Save your money, this guy is a scammer in the order of Karl Dittman. One thing these guys do well is write a powerful ad copy that appeals to the gullible. All they do is repackage what is already freely available and make it sound like something new.

     

    Mark Deaton is a convicted felon having already been fined $300,000. for his scams: http://www.ct.gov/dob/cwp/view.asp?a=2246&q=423968

  4. He trades with trend lines and 21ema. Just about every day he puts up a youtube video and explains the daily action on the e-mini 500. He explains his whole system on the videos and they are free--highly recommended. The videos can be found here:

    http://www.youtube.com/patstrading.

     

    His name is Ken Mack and I notice we have a new member: "PATrader" and suspect that is him--Is that you Ken?

  5. sillykiddo--

     

    Thanks for the info. That's an interesting website and I did find some useful indicators, but after looking through all 2172 indicators I couldn't find the dynamic pivot indicator.

     

    According to Austin(the one who uses this indicator in Ninjatrader) he says: "Various chart services may offer this tool as a standard default, or have it easily written from the equation of current high-low and 25%, 50%, 75% of the range. Any chart service offering retracement grids can manually snap the low and high points of a period while measuring out the desired levels, adjusting to new highs or lows as the day wears on. Simple as that."

     

    Hopefully we can find someone who can code this.

  6. Dynamic Pivots are price levels that adjust with the flow of price action. This price study measures the current period's price range from low to high, with price values plotted of 25%, 50% and 75% levels. These values are based on the high and low measure of any given period on a chart.

     

    Some example charts of this can be found at: http://www.tradingmarkets.com/.site/eminis/how_to/articles/2-Ways-to-Determine-Trend-Strength-81442.cfm

     

    Austin Passamonte of coiledmarkets.com has used this indicator and it seems very powerful, but to my knowledge is only found in Ninjatrader. My question is this: can this indicator be converted to Mt4 and does anyone know how--a very worthwhile project that would benefit us all.

  7. Rita Lasker and Karl Dittman are in the same mold--yes they are marketers and they are renowned for taking freely available indicators and repackaging as their own. Do a search for either one of them on this forum and see if they've ever come up with something unique and useful--in other words they are typical forex scammers. They do know how to write powerful ads to get the unsuspecting to separate with their money. If you don't believe me, buy one of their products and come on here with a review as others already have.
  8. dk1aussie has already shared the holy grail--"money management is the holy grail or as close as you are going to get". Most system sellers concentrate on the entry of a system--wrong, it's the exit that determines whether you make money or not. Money management is the key. If your reward to risk is at least 2:1 you can be wrong 50% of the time and make money. You don't have to be right 100%(which is impossible)of the time to make money.

     

    Determine how much you are willing to risk on each trade and get out if it gets there--don't let little losers turn into big losses. Usually people who are looking for a 100% win system can't stand taking a loss. If you can't stand taking a small loss, you don't have any business trading.

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