Bollinger Bands + MACD + Heikin-Ashi =$$$?

[yeschef]

I don't like PSAR, I never had good experience using it.

PSAR works very well on higher time frames: 3 hour and up. Catch a trend using bollinger bands. On uptrend, when first dot appears OUTSIDE the band take a position. Sell when upper dot appears either outside or inside BB. Now, here's the kicker As you know PSAR can be tricky because in most cases it will appear and stop you out early in continuing trend. So, you can use daily pivot points to determine support and resistance. Does this thoroughly blow your mind?

Sorry, I am not that SMART. I am just a lowly cook

No seriously, I subscribe to the KISS theory, but I will run your setup on a demo acct and try to figure out what you mean. (I am better interactively) Like I said before, I am scared of take a long term position so I shy away from 3H+ charts. But, if this technique helps anyone else out there, it is all good.

Pivot points are good; let me see if my technique for them is something that you would agree with, as it clearly seems that you know more than I do about Forex in general. I SET the Pivots on the DAY chart, but USE them on the 5 MIN or 1 MIN chart as a WARNING that things might get hairy close to the lines and I will liquidate a little before those lines are reached. But most of the time I lose pips because I liquidate to early.

I am an ex-online poker player, (damn the government for tacking on a anti-gambling bill to a port security bill) and when I played poker, I would wiling play a limit lower than my bankroll allowed because I knew I could win, even if my winnings were lower than I might win at a higher limit if those winnings were not as sure. I dont know if that way of thinking works in Forex.

Never play a suited Queen and Ten preflop.

[didjerdu]

Yeschef,

I put this chart up for Neznau...but I'm just the lowly cook too. Hey, we can all learn something from each other, no? This forum is HIGHLY invaluable. I've learned so much here in the last few months. I can tell you that some of the guys here: daedulus, tonymand, dpaterson have some real gut material to share. They are demonstrably the best here for me right now.
And I will not lie, I am still demo trading and I will until I GET it! I don't care how long it takes. My goal is to triple my demo account. So far I've lost a few sheckels. I'm determined and motivated. That's the skinny on me.
I like your description of your poker playing fiasco.
Carry on dude.
S.

[yeschef]

I tried using your PSAR over my regular setup and it tended to get me in trades late, but it also gave me the confidence to stick to a position longer so I did make more pips. I dont know if the lateness into trades means the rest of my system is off, but thanks for the idea.

You should try live trading, I dont think you can really learn the psychological part from trading on paper. Real money makes a helluva difference, but I dont know if that is my poker background sneaking in again.


-J

[didjerdu]

Yup, that's what everyone says. Live trading is the shizzle! You can't trade emotionally with a demo account, although you should see me! I'm the real McCoy. I FEEL like my life depends on it. I'm scaring myself

[yeschef]

Yup, that's what everyone says. Live trading is the shizzle! You can't trade emotionally with a demo account, although you should see me! I'm the real McCoy. I FEEL like my life depends on it. I'm scaring myself

Trading scares you? And you are a cook?

How about 3 six tops just walked in 20 minutes to close, already 10 dupes in the weeds and your garde manger just lost his fingernail somewhere in the frisse?