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  #1721 (permalink)  
Old 11-27-2007, 11:35 AM
Junior Member
  

Join Date: May 2007
Location: Dallas, Texas
Posts: 55
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Hi Nate,

I'm always leery of "proprietary" or secret formula signal services. Everytime I've taken a trade with one, I've lost. I'm sure they work, but I'd rather work with a signal that I understand and that works with my lifestyle instead of having trades occur in the middle of the night or while I'm at work. Even if the signals work, you never know when it will stop being free and then you'll have to pay for the signal.

Maybe you can use PSAR or another open trading system to filter the signal service? You might be able to work out how the signals are generated if you examine the entries and exits and compare them with price action, MA's, and S/R. You probably won't be able to completely decypher the signal but at least you could get a better understanding of how it is generated, and this will increase your confidence level in taking the trades.

GL

Zeus
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  #1722 (permalink)  
Old 11-27-2007, 11:35 AM
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Join Date: Nov 2007
Location: Anywhere, Anywho
Posts: 27
Default
the only think i am going to add to the PSAR is that i will be looking to time entries with the 15 minute chart.. i will be happy to start getting a full nights sleep again also. my wife was not the least happy about me waking up at all hours to make trades off the signals... and i have been sleeping late, missing workouts, generally, falling a part a little bit.

EDIT- Yes, i said "falling a part" and "the only think"... clearly, the lifestyle of the 24-5 signal trader is not good for my psychological well being.. LOL
Last edited by natejax; 11-27-2007 at 11:45 AM.
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  #1723 (permalink)  
Old 11-27-2007, 11:37 AM
Newbie
  

Join Date: Nov 2007
Location: Anywhere, Anywho
Posts: 27
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zeus, i am with you all the way, but this is just a regular trader who happens to give his signals away for free and the success has been documented on his thread... i know he uses the 4 hour chart and it looks like a bullish or bearish candle formation are usually consistent with his signals...

man, i have not been sleeping enough!


Quote:
Originally Posted by dr_zeus View Post
Hi Nate,

I'm always leery of "proprietary" or secret formula signal services. Everytime I've taken a trade with one, I've lost. I'm sure they work, but I'd rather work with a signal that I understand and that works with my lifestyle instead of having trades occur in the middle of the night or while I'm at work. Even if the signals work, you never know when it will stop being free and then you'll have to pay for the signal.

Maybe you can use PSAR or another open trading system to filter the signal service? You might be able to work out how the signals are generated if you examine the entries and exits and compare them with price action, MA's, and S/R. You probably won't be able to completely decypher the signal but at least you could get a better understanding of how it is generated, and this will increase your confidence level in taking the trades.

GL

Zeus
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  #1724 (permalink)  
Old 11-27-2007, 11:45 AM
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Join Date: Nov 2007
Location: Anywhere, Anywho
Posts: 27
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Where is Dale??? I hope he is still coming back
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  #1725 (permalink)  
Old 11-28-2007, 12:57 AM
 

Join Date: Sep 2007
Posts: 8
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hey boca,

I will join u guys very soon just i am little bite busy but thanks for asking


Akram
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  #1726 (permalink)  
Old 11-28-2007, 02:51 AM
Bocajunior's Avatar
Senior Member
  

Join Date: Aug 2007
Location: Kuala Lumpur, Malaysia
Posts: 226
Default We've gone Live!
Hello all,
Well, I have completed the funds transfer to my Oanda live account today so hopefully will be live trading in a day or two. This is somewhat of a personal milestone so here's to good trading to everyone.

Cheers
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  #1727 (permalink)  
Old 11-28-2007, 03:47 AM
Junior Member
  

Join Date: Oct 2007
Location: santa cruz, california, usa
Posts: 59
Default boca i hope to fund my Oanda account soon
I'm still just playing the game.
I have been playing with only $5,000 US dollars since that is what I hope to start with for real, once I play long enough and am confident in myself.
I have been doing PSAR on daily basis, and thought it would be easier to trade just once a day, that to watch the trades all day.
Good luck, happy trading, keep to your winning stategy and don't try to let your emotions involved.
I here that all the time, about emotions.
You have to stick to the game plan I keep hearing.
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  #1728 (permalink)  
Old 11-28-2007, 12:53 PM
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Join Date: Mar 2007
Posts: 29
Default
Hello,
I was wondering does anybody has the Psar indicator for MT4 wirh E-Mail alert?
It would be really helpfull.

Regards
Mike
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  #1729 (permalink)  
Old 11-28-2007, 10:52 PM
Bocajunior's Avatar
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Join Date: Aug 2007
Location: Kuala Lumpur, Malaysia
Posts: 226
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Quote:
Originally Posted by mike1349 View Post
Hello,
I was wondering does anybody has the Psar indicator for MT4 wirh E-Mail alert?
It would be really helpfull.

Regards
Mike
Sorry Mike, cant help you as I am on Oanda. Maybe some folks on the other threads can help you. Would it be possible to get an EA that alerts if a combination of indicators line up? That would be great.

Just heard from Oanda, My funds are accepted and I am now ready to rock and roll!

Cheers
Boca
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  #1730 (permalink)  
Old 11-29-2007, 03:01 AM
Junior Member
  

Join Date: Oct 2007
Location: santa cruz, california, usa
Posts: 59
Default boca I am moving to Bali in a few months, close to you
I plan on opening a real account with oanda.
Just playing right now until i get consistant wins
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