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dave123

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Posts posted by dave123

  1. Quote: ''I am told that the following is same as those above. Copied from the FF thread- it is called 'Profit all day':

    Why I like this system, -It's solid and works on the 5, 15, 1H, 4h, and daily time frames.-I use it on the 5 nd 15 min.

    -consistent Gains of 20-50 pips a day using it on the 5 and 15 min time frame per pair although I only trade the EU and GU.

    System, EMA's, 3,5 and 13 cci, 24 period fixed minimum of -350 and a maximum of 350 cci levels -90, 90

    Sell entry on 5 minute. break of the last lowest low. check next highest time frame which is 15 min to see if there is good spacing between the EMA's heading downward. If there is good spacing and EMA's are heading down then you have a great entry.

    Tp and SL. SL is 3 pips above the last highest high. TP is half pip value of SL. Example, if SL is 30 pips then your TP is 15 pips for that given trade.

    What is the lowest low? It's when the current candle has at least 2 candles before and after that are higher then it itself.''

     

    Never used this system, found the above somewhere on the net.

     

    Hope it helps.

  2. My primary way of trading is the use of s/r, trendlines, pattern breakouts. What I have done when using this manually is trade the 4hr tf. My entry has been on the break of the high/low of the candle following the dot. I aim for 20 pips (more if i think I can get it)

     

    The indi just looks good as a stand-a-lone EA proposition for the 4hr, daily tfs. It tends to catch big tends and you don't have to be at the 'puter all day.

     

    Having said that I am no EA boffin :-))

  3. The entry signal comes on the close of the bar above/below the small horizontal line not the dot. Whwn the dot first appears on the first bar it will disappear occassionally when that bar keeps reversing in the direction of that dot. It the market continues to revers in that direction and close then the dot will disapear until a new bar forms and closes and na new bar opens in the direction of the dot. The dot is then fixed and stays fixed.

     

    The dot finds the best entry candle for this indicator which seems to work without repainting as I see it. The entry is at the close of the dot candle and open of the following candle. When this occurs the dot is fixed.

     

    This is not like fractals or arrows which keep on moving with price until 5 or so bars have closed and then they fix.

     

    Take a look at eurusd this morning 15m tf, no perfect trade setups there. That's why I mentioned to trade the higher time frames. A repainter would have picked the tops and bottoms.

  4. Power levels - keep it simple - I use key weekly, daily levels and round numbers to help determine recent turning points in the market. I confirm a trade when price reaches a level and confirmation of a reversal at that point gets me into the trade.

     

    KEY POINT: Trading with the trend at those levels is very good for the bank account.

     

    In my experience, Patience is key to success.

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