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Evaluator replied Sep 28, 2011forexnutter, Great writeup!
Those are all valid entry points if you miss initial....Just be prepared to move quickly if the climate changes. It is unknown how long a trend will last so make sure you have tight stops and are practicing ...
Symphonie Trader System
- Evaluator replied Sep 28, 2011
Sarythsaya, Nice Call.
...50 pip pop..... Italian Bond Auction....ECB buying bonds..... eval. P.S. Becareful once bond buying ends....look for reverse.Symphonie Trader System
- Evaluator replied Sep 28, 2011
bullzeye, To a point I agree but, I still think there is room for improvement in the Trendline and Triggerline indicators where both agressive and conservative trader would agree this is a good entry point.
Of course, the inputs can be modified to ...Symphonie Trader System
- Evaluator replied Sep 28, 2011
realjumper, You are right.
I agree no system will be perfect. But the engineer in me says....keep improving...keep improving.... ''vee kannn mak besser!''
I still think if we can marry Trendline and Triggerline together somehow we can ...Symphonie Trader System
- Evaluator replied Sep 28, 2011
realjumper, Ok. I find that triggerline is prone to get you in the trade when there is still too much whipsaw action and possibly a bad price worse than original trendline indicator. I was playing with it on the side and it could get you in ...
Symphonie Trader System
- Evaluator replied Sep 28, 2011
realjumper, Maybe this is better....How do you use Triggerline to enter a trade. Or do do you just use the system for order entry and Triggerline is just a guide for trend strength and order exit? I am trying to understand Triggerline for order ...
Symphonie Trader System
- Evaluator replied Sep 28, 2011
But the main trend is down this is just a bounce rally. (I can see that because this is an expanding wedge pattern) with a channel bottom of 1.32400. Additionally, we must go that low because we need to complete an ABC triangle before it can go ...
Symphonie Trader System
- Evaluator replied Sep 28, 2011
Here is an example. 3 of the 4 original indicators show red (sell) and triggerline shows red line that are apart. But the trendline (last of original indicators) still shows Blue which in my book is a hold on any order. Would you already have made a ...
Symphonie Trader System
- Evaluator replied Sep 28, 2011
It appears a good exit strategy is to watch for Extreme Marker. At the Extreme Spike signal then begin looking for Triggerline cross and exit at that cross. Then let the system tell you when to enter next trade. That is the way I see it. eval.
Symphonie Trader System
- Evaluator replied Sep 28, 2011
realjumper. Question: Using triggerline where would you enter a sell? or do you wait on trendline and other 3 indicators? eval.
Symphonie Trader System
- Evaluator replied Sep 28, 2011
<Maybe not....hit the 78.6 fib like a ball hitting a wall....bonk!
Symphonie Trader System
- Evaluator replied Sep 28, 2011
UPDATE.. ooooooooo
... it just blew through 61.8 fib this could be a full retracement 100% to 1.36700!Symphonie Trader System
- Evaluator replied Sep 28, 2011
realjumper.... There is your extreme marker. Now you have to decide...how are you going to play exit strategy it extreme spike or trendline? eval. UPDATE.. ooooooooo
... it just blew through 61.8 fib this could be a full retracement 100% to ...Symphonie Trader System
- Evaluator replied Sep 28, 2011
same statement: I have seen it change one candlstick back but normally I would say no.
Symphonie Trader System
- Evaluator replied Sep 28, 2011
bullzeye, Depends on your lust for risk or sadism....
eval.Symphonie Trader System
- Evaluator replied Sep 28, 2011
realjumper, No extreme spike yet. I say let the sucker run!
eval. UPDATE; See the Sucker reverse and went up because Price Action has not reached Extreme. You would have left pips on the table.... UPDATE; My guess is we see a spike to 1.36300 or ...Symphonie Trader System
- Evaluator replied Sep 28, 2011
davlo, I have seen it change one candlstick back but normally I would say no. eval.
Symphonie Trader System