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  #271 (permalink)  
Old 04-21-2008, 07:42 AM
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Hi dpaterso,
Good point. I have already learned that if my palms are sweaty and my heart bpm's are getting more rapid, that I have put to much on the line. Your own body functions make a great leverage indicator.
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  #272 (permalink)  
Old 04-21-2008, 08:01 AM
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Quote:
Originally Posted by dpaterso View Post
Heeey Boca,

Good week to you too!!!

I never saw any VS trade on CAD/JPY but then I looked again now. I assume you're looking for a long entry i.e. I've been 'tracking' for a short entry so that's probably why.

Hey Dale,

Yes, Long entry on CAD/JPY. The SAR was penetrated on the close on Friday.

Cheers
Boca
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  #273 (permalink)  
Old 04-21-2008, 08:56 AM
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Default ADX article

Here is an article on ADX I saw the other day. I think this was posted on the PSAR thread but it's relevant here as well.

Incredible Charts: Directional Movement System

Rgds
Boca
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  #274 (permalink)  
Old 04-21-2008, 09:06 AM
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Thank you both of you!!!

Quote:
Your own body functions make a great leverage indicator.
Very well and eloquently put 'mytwopips'!!! My thoughts exactly!!!

Boca:

Thanks for that post and link. Very interesting reading. One thing STILL not mentioned though is the 'Extreme Point Rule'. Strange.

By the way: I'm back to ADXR(14) i.e. I've had another look at this and I think that ADXR(7) is the reason why I've been getting into these highly volatile trades of late (with huge wide swings) i.e. huge profits one day and losses the next and profits the next and so on and so forth.

Last edited by dpaterso; 04-21-2008 at 09:09 AM.
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  #275 (permalink)  
Old 04-22-2008, 03:58 AM
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Good (Tuesday) Morning!!!

Well NOT so good!!!

Is it just me or is nothing 'moving' in these markets???

I have three little 'measly' positions open that are not going in ANY direction and a 'gazillion' pending orders (yesterday and now today again) and not a single one of them was executed yesterday!!! I mean are we (the markets) waiting for some 'cataclysmic event' to happen or what???

Anyway: for those of you who MAY be following my (Wilder's) ADX/ADXR 'methods' I've got to tell you that only when you start 'religiously' monitoring ADX/ADXR on a daily basis do you INDEED start realising that their IS truth in the statment that the markets only trend a small percentage of the time!!! Everyday I am finding that my list of 'high ranking' ADX/ADXR instruments is MUCH shorter than my list of 'low ranking' ADX instruments. And you know: the more I use Wilder's stuff the more excited I get about it i.e. although it MAY be a 'royal pain in the you know what' to do all of this on a daily basis over time you start to realise JUST how well thought out and accurate these systems are!!!

Oh and BY THE WAY (here are some 'free' potential trade signals): watch USD/RON, EUR/RON, USD/RUB, and USD/TRY!!! I think that there are some MONSTER SI/VS/DMI trades coming in the next couple of days!!! And these pairs are 'MIGHTY' 'payers'!!!
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  #276 (permalink)  
Old 04-22-2008, 05:23 PM
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Hi Dale, I have a bit of a problem. I am going to start demo trading the SI on my metatrader account, but several pairs are not offered, namely aud/jpy. Now what I can do in mt4 is multiply the value of aud/usd (0.9442 right now) and usd/jpy (102.98 right now) so .9442 x 102.98 = 97.233, which is within a pip of the correct aud/jpy price at this time. The problem here is how I can calculate adxr values FOR aud/jpy FROM the adxr chart on mt4 for aud/usd and usd/jpy.. do you think there is a way to do this, or should I just find a broker that offers these pairs that uses mt4?
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  #277 (permalink)  
Old 04-23-2008, 08:41 AM
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Quote:
Originally Posted by chirules54 View Post
Hi Dale, I have a bit of a problem. I am going to start demo trading the SI on my metatrader account, but several pairs are not offered, namely aud/jpy. Now what I can do in mt4 is multiply the value of aud/usd (0.9442 right now) and usd/jpy (102.98 right now) so .9442 x 102.98 = 97.233, which is within a pip of the correct aud/jpy price at this time. The problem here is how I can calculate adxr values FOR aud/jpy FROM the adxr chart on mt4 for aud/usd and usd/jpy.. do you think there is a way to do this, or should I just find a broker that offers these pairs that uses mt4?
Hi Nick,

Wow, you're taking on a bit of work there calculating the cross rates in that way. Good luck to you. From my side, I really have no idea how you could calculate the ADX.

However, I also have an MT4 demo account at North Finance, and I once tried to find an MT4 broker with more pairs but without much luck I'm afraid.

Cheers
Boca
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  #278 (permalink)  
Old 04-24-2008, 03:09 AM
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Hey Boca,

Well... I guess our problem is solved.. hahaha. Metatrader added 9 more pairs to their software, including aud/jpy, nzd/jpy and others, so now everything is great. You have to right-click in the "market watch" area and hit "show all" and there they are.
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  #279 (permalink)  
Old 04-24-2008, 04:33 AM
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Nick,

Cheers for that info on MT4. I now have more than enough instruments to keep me busy. My one at North Finance now has countless currencies, idnicies, CFD's and Commodities.

Thanks for that.
Boca
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  #280 (permalink)  
Old 04-24-2008, 07:26 AM
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Hey Dale, I had a question for you about how you enter positions with the SI. I know you use the adxr values and choose the top instruments on that scale, but what would you do in the following situation... You enter a trade in gbp/jpy because it has one of the higher adxr(14) values that day. The trade goes well, but after a week or so you hit the tisar point. At this time, the adxr value is not as favorable, and there are other pairs with higher values. Do you still stop and reverse here, or do you simply close the trade, take your profit/loss and look for other trades with instruments with higher adxr values? The reason I am asking this is because the adxr values will obviously change, and if they change enough when you are in a trade to make another pair a better option, you have a choice to make. I know that this would be "breaking the rules" of the SI because sometimes you would be just stopping and not stopping and reversing, but it seems to make sense if you want to follow the trades based on high adxr values, which is part of what makes these systems work well.
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