Your impression was right. I don't use them, period. I use S/R, Trendlines, price action, some candlestick patterns, chart patterns. I've found that I am very easily biased. I suppose I'm fanatically optimistic, so if a guru or indicator says to do ...

The Ultimate Fallacy in Technical Analysis

Interbank FX gets their price data from the interbank market; The interbank market has a significant number of transactions occurring and all players are constantly aware of transaction prices in real time; Each tick represents a trade on the ...

Forex volume

Some clever person posted a discovery in another thread. The MT4 command Volume[] is defined as tick volume. I just ran a quick test and verified that the volume on the screen in Interbank is tick volume. To do this I created a custom indicator ...

Forex volume

OK, now I think that's a timely topic -- who else has been spun like a top this week? One of my rules is to let a candle close, usually it serves me well. Sometimes I have a lapse and go in early, and almost always regret it. I've finally gotten to ...

The Ultimate Fallacy in Technical Analysis

This doesn't make sense to me. John, where are you? If you're using a bid chart as the setup for a breakout, you have to remember that for a buy, your "line" is really offset by the spread, as is everything on the chart. On a sell, it isn't. So why ...

The Holy Grail - Found

I get your point, but am playing devil's advocate. If my tachometer read backwards about half the time, I'd throw it out like I did the indicators, and would learn to judge engine speed by ear. I guess that's my point. If you have to use your own ...

The Ultimate Fallacy in Technical Analysis

Is the answer to this question not glaringly obvious? If I had the "miracle indicator", I'd not have to spend years educating my mind. It's a lot of work, time, and expense to study, trade, practice, learn, improve, buy courses, read, trade some ...

The Ultimate Fallacy in Technical Analysis

Let's take an easier one as an example: momentum oscillator. Let's say we set the number of periods to 14. Then the value of "momentum" would be the most recent bar's closing price divided by the closing price 14 bars ago, multiplied by 100 to give ...

The Ultimate Fallacy in Technical Analysis

Entry was hit, trade is down 18 when last I checked. Why would you add spread on a sell? The chart shows bid, sells are at bid, so the chart is the real picture. On a buy, yes I would. Chart shows bid, buys are at ask, so it hasn't really broken out ...

The Holy Grail - Found

I've never traded this pair and have no feel for it at all, so it's going on DEMO, as follows: Trend down, bias down, on both 4H and D1. 4 bounces at 1.4517 on 30M Sell stop at 1.4515 T/P 1.4495 (20 pips) S/L 1.4545 (30 pips) Again, I have no ...

The Holy Grail - Found

Just drag it into the same window. Make sure the second one isn't "applied to" the first one. To make sure, I would then make a new window for each one separately, and see if they look the same, &/or compare values to that indicator in the shared ...

PLEASE HELP ME!!!!

That could be it, MMM. You know who the most popular guy in the nudist colony is, don't you? The one that can carry a dozen doughnuts and 2 cups of coffee.... Now I'm going to really cross the line.... I all too often get this inkling that people ...

The Ultimate Fallacy in Technical Analysis

You're welcome. You would manually trade the method just as you would do it live. You can only use one timeframe on vHands, so that can make it more cumbersome. Be sure to see the post on using F11 to toggle full screen, and use pause to pause/play ...

VHands Trading Simulator

Go to post #4 and make sure to set your charts the way you like, with candles, indicators, whatever you use, MAKE SURE vHistory and vTerminal are attached as instructed, then save the template as "vHandsTrade". If you don't have the pause/play ...

VHands Trading Simulator

I risk 1% per trade; stop trading at 2% loss per day. That's my comfort zone. A common cliche is "get out of your comfort zone". I don't think that's the case for forex, you should not go too far outside of your comfort zone. The reason being, if ...

Daily/Weekly/Monthly Gain or Loss Limits?

Go look back around posts # 84 - 100 for discussion. You must make sure everything is installed correctly, and that you use it correctly; whenever there is an error condition it prints a statement many thousands of times. There is a version of ...

VHands Trading Simulator

Why don't you read my thread and find out? The link is in the post that you replied to. When I really understood them, that's when I quit using them.

The Ultimate Fallacy in Technical Analysis

Nice countertrend on the U/J. I'm not biting, I fear the fakeout.

The Holy Grail - Found

"Cold feet", that's funny. I forgot I wrote that, and meant it literally at the time. When I read your post I took the figurative meaning, lol! Both fit!

The Holy Grail - Found

Nice. Missed that one while I slept.

The Holy Grail - Found