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nagendra1713006428

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Posts posted by nagendra1713006428

  1. You seem to be confusing things. Yes, daily trends do not occur more often than 20-30 percent of the time, but you can often catch an intraday trend. I do scalp and I do this usually with the trend. You can improve your odds if you scalp with the trend.

     

    I am not confused at all. I make a living trading daily trend. My trading style only needs 5 minutes a day. I am happy that traders ignorant about it.

  2. Higher highs and higher lows define an uptrend. Lower lows and lower highs define a downtrend. I do not use indicators, prefer price action only. You could use ADX to define trending and ranging markets. Better use the 4h for longer trends. It is more flexible than the daily.

     

    I use 4H chart for intraday trades and daily chart for intraweek trades. 4H seems more flexible due to human psychology of impatience.

  3. Higher highs and higher lows define an uptrend. Lower lows and lower highs define a downtrend. I do not use indicators, prefer price action only. You could use ADX to define trending and ranging markets. Better use the 4h for longer trends. It is more flexible than the daily.

     

    I can easily determine the trend looking at the chart, But I look MACD at the time of deep retracement. I open trade in the direction of current trend if I see daily trend holds, and most of time it made me lots of pips.

     

    I use ADX to determine best major to trade. I did trade USDCHF & AUDUSD in the month August last year when EURUSD became choppy on daily timeframe.

     

    I find deep retracements in daily trend of forex majors. 4H trend reverses at the time of deep retracement. Now I have decided to trade only daily trend.

     

    http://img716.imageshack.us/img716/9991/dailyq.gif

  4. Yep - I heard all Pro traders use 60m charts to trade. I am a part timer, I just scalp the market before my 10 to 6 job. I hope to be full time trader within the next couple of years. I HOPE!

     

    According to FXCM statistics: Most forex traders are range traders. The best time of day to range trade is Asian trading hours.

     

    That's why I am a breakout trader.

  5. I use 2M, 15M and 60M. I use daily to look for an over all trend. I mostly scalp my trades. Not swing nor trend trading. Of course I don't really use MT4. I use eSignal.

     

    Hi Unclepips,

    I use MACD to identify trend. I don't scalp because scalping is extremely stressful for me.

     

    I only trade trend. Many traders say market is 25% time trending. This is myth for me. I always found a daily trend to stick with it.

  6. I want "Days to trade filter" in the below EA.

     

    http://goo.gl/gdx61

     

    I have tried myself, but did not succeed.

     

    extern bool MON = TRUE;
    extern bool TUE = TRUE;
    extern bool WED = TRUE;
    extern bool THU = TRUE;
    extern bool FRI = TRUE;
    extern bool SAT = TRUE;
    extern bool SUN = TRUE;

     

    Please help

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