Rui I like what you have here I will give that indi a try or put up a 10:1 bol. I have a 5:1 on my charts now its direction is also a good “trend” indicator. I like the dot thing you posted it requires no interpretation.
One of the things I would say to the people who are having a hard time with the 5min chart. A good mmtt entry will look good on the higher TFs also so picking entries on the 15 min chart will work. But just remember a 1min chart and a 1hr chart show the same thing one just has more detail. You are not looking at candle patterns and indicators on the 5 you are looking at price action HL and LH. Try zooming the chart out some more or try a 5min line chart you may find you can get in a few pips sooner ;).
My trading platform does not have the option of putting 2 smoothed moving averages at the high and low. If I put a bollinger band at 10 period and 1 deviation, will it do the same? What would be the setting that is the most like the 2 smoothed moving averages?
I know, but when I put a smaller bollinger band the result looks the same. At 2 period and 2 deviation it looks like 2 moving averages. I know the bands are not calculated the same way, I’d just like to test your method. I might have to change my trading platform to try it…
i only took one trade for 11 pips and 0.7% profit. i had miss two great setups that could make me more 5% gain of my account but i´m not a full time trader and sometimes those good setups happen when i´m doing something else…
anyway it was a small winning day… boring but with profits. as a rule set by myself i´ll no longer open trades after 4pm gmt so… more trades tomorrow
Hi Rui
Great the new BB Stops. Thanks.
Your chart that you post now are almost "naked’.
What happened to the MA15 and MA20? At what time (post) did you abandoned this 2 MA’s?
What are you looking for on the M15 to close the trade?
Thanks, appreciate it. Almost 1 in the morning for you, so you must be back from dinner now and time to sleep.
At least this where the rules when I lived in Spain for a while. Visited Portugal only for a month since the weather was getting to cold for me. October/November.
Rui,
Morning, I just screwed up, I let go the USDJPY without entering and it hit your line pretty fast at 12:10-12:20 GMT ( Platform is GMT).
Now it is nicely below your line again. Are you keep it entering again after it made once past your line and back below, or are you keep it trading till it really passes your daily line and stays above it?
i think i´ll keep this system as i use it now… without no more invections or search for filters or anything else. lose is a need in trading and there´s nothing to do about it. if i lose most of my trades but at the end of the month my balance is bigger i guess there´s nothing wrong with the system…:o
so i will open a new thread with a very clean and understandable explanation of this system…
that way everyone interested will learn it in the first page instead of get trought all the pages in this one with a lot of trash.
if there´s no one interested at least i´ll improve my counting to become a fx-honorary men:D
I will give that indi a try or put up a 10:1 bol. I have a 5:1 on my charts now its direction is also a good “trend” indicator. I like the dot thing you posted it requires no interpretation.
