Those Charts do look way too good to have some ornery kid messing with them!
Well that’s because it was a perfect run on the euro/usd today.
Look at some of the other charts though?
If you ever get tempted to try out tradingview, these are the indicators (and of course I would help anyway).
Currently to get back into it, I have set myself a goal of 30 pips a day (you must be laughing now with the 100’s you get each day 
) and so far on day 2 I am on target and only trade the euro.
On average though how many pips do you target say a week or month? Are you using any leverage as I’m using 100x?
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I am trying not to make targets. I am taking what the market gives. I made nothing yesterday because I was sitting on 3 D1 chart trades. It just happens that they hit the tps this morning for 117 total pips.
I think I am trading about 10 days a month. Leverage is 50:1. Sounds like you escaped the 30:1?
Now I’m free to scalp tomorrow and I expect only to win. Since I don’t have to worry about allocating margin to other open trades, I can load up on lot size tomorrow.
*btw, 30 pips a day is more than fine. I can live off 30 pips a trading session, which for me, could be once every couple of days. That’s the whole point of me trying to fine tune entries with the macd. Higher probability wins, higher lot size, fewer pips needed.
Bravo to your successes so far, good buddy!
It started with kof trades that I had to leave open overnight. I began to get used to it and embrace the fact that I could still manage those open trades until they were winners. Adding entries to cost average positions.
Some overnighters turned into 2 or 3 weeks.
So I decided to add H1, H4, and D1 charts on pairs I don’t scalp with, and decided it was good for me to get into long term trades that I could just let run while I go to work, or enjoy the day. I learned what lot sizes I’m comfortable doing that with. I learned to be at peace being down a couple hundred pips until being in profit. I learned that I want a stop loss so big that the daily high impact news makes no difference.
I learned a lot more than that, but I’d have to write a book to cover it all
Doesn’t your broker hammer you though for carrying trades overnight?
That is the thing with trading, day trading is intensive on the smaller time frames, but you sound like you have it sorted with swing trades added in?
Yes you should write a book, why not?
I do have the overnight carry fees. Since my lot sizes are smaller for the time being on trades I let run for days, it hasn’t been an issue. I barely notice them.
1 Like
Leaving longs on Cad/Chf, Eur/Jpy, and Eur/Gbp to run as D1 chart trades for now.
Instructions for MACD Cap Channel Strategy
The indicators are for mt4.
TicksSeparateVolume.ex4 (14.6 KB)
CAP Channel Trading.ex4 (76.3 KB)
Order Block Catcher.ex4 (70.4 KB)
Smoothed HeikenAshi.ex4 (14.6 KB)
Traditional MACD MT4.ex4 (87.4 KB)
Order Block
Instructions for MACD Cap Channel strategy
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Thanks a million !
Do we use the indicators as is or do we need to change some of the parameters?
For Order Block - no need to change parameters.
For Ticks Separate Volume - no need to change parameters.
For Cap Channel - no need to change parameters (could go to 110, though).
For Heiken Ashi - change to parameters that fit best for the pair (Smoothed, Simple, Exponential, Linear Weighted. The longer you want to ride the trend, the more you go with smoothed. The shorter you want to ride the trend, the more you go with linear weighted.
MACD - extremely sensitive to pair and time frame. A simple way to look at what it does is to think of it as an EMA cross.
2 Likes
Anticipated pips from my H1 and H4 charts trades is 118, but could hit TPs today, tomorrow, or early next week.
Eur Usd long TP hit.
Edit: Eur Sgd long ( close enough, manually closed).
Cad Chf long and Eur Jpy long leaving open for now, unless TPs hit.