Another red line crossing, but it looks like a weak one. No 'sell entry' since Feb 11 on the H4 chart.

WTI Crude Oil Trading

The chart shows 2 systems. First, the Keltner Channel Gradient is one I put together. EMA20 is the centerline. The bands show distance from the CL, giving an indication of oversold/overbought conditions. I use the median line with it. Interested MQ ...

WTI Crude Oil Trading

US Crude Oil Inventories data at 11:00 ET (16:00 UTC)

WTI Crude Oil Trading

A little explanation here: If the median line crosses a blue or red line, expect some continuation with a good probability -- maybe for scalping or daytrading, sometimes for a swing trade. Look at median line crossing on Feb 10 of the red line at ...

WTI Crude Oil Trading

Forming top or bulls still running? Keltner bands w EMA20 (magenta) & WMA50 (green).

WTI Crude Oil Trading

IMO, if you have learned how to use the broker's software and you understand order types, you should then go live at the micro level. Slowly increase trading with successes.

When do you know you ready to go from demo to real trading?

Fighter pilot simulators are extremely realistic - and - it is difficult to find an opponent for a live fire engagement. IMO, real trading should always be in a live account, starting at the micro level. Use demos for evaluating strategies and apps, ...

How many of you, still prescribe demo trading to others?

Nic, other indicators have used blue for fast (K), red for slow. Yours are opposite in ModernDtOscillator--by intent? (overly pedantic of me?)

Can anyone code an EA for this simple yet wonderful Idea?

Some more notes on the Keltner Channel Gradient: The Keltner Channel uses a centerline (EMA20 in my case) and bands determined by the ATR (ATR20 in my case), multiplied by a selected factor. The added gradient concept assumes that the farther price ...

EURUSD only

KC is similar to BB, but uses ATR instead of StdDev -- much smoother. Originally KC is a single pair of bands making a channel. I added two more to make a gradient. I never trade without it. Center line is EMA20. EU M15 example: My indi attached:

EURUSD only

Entered short 1.14877 because up TL was broken. Not confident. sl1.1503 PS: Trump made noise today favoring weaker USD, so not a good factor for a short. PPS: stopped out -16.

EURUSD only

Gold (an anti-dollar) has some good correlation to EUR (an anti-dollar). Gold has been quiet over last 24 hours, and seems to continue that way for now. This doesn't really answer your question, but might help.

EURUSD only

You don't describe how you set your initial stop loss, but I'll assume it's too close to initial entry. I use average true range over 10-20 bars, then multiple by 0.5 to 1.5 to set initial stop loss from the entry price. I move toward BE in 1 to 2 ...

EURUSD only

actually you want a 3 to 1 reward to risk ratio (in fx trading, not dating as pointed out)

EURUSD only

Chaotic prices kill the longs and the shorts.

EURUSD only

Mostly positive econ data sent price up through down TL. Stopped out -9.2 pips. PS: after spike up, price is now back below down TL.

EURUSD only

Opened short at 1.13709 because of break below up TL w failure to break down TL. stp 1.1380, lmt 1.1315. Crazy lmt??? Also note drop below EMA20.

EURUSD only

Manual close at 1.13345 -- a little premature, but it is bed time. sl was 1.1350, tp 1.1325 As I post this, price reached my tp.

EURUSD only

Entered short at 1.13439 because of drop through short up TL and through EMA20. This is late in larger move, but maybe good.

EURUSD only

The ever awesome EMA20 at work, showing some potential entry points. I missed the entire move!

EURUSD only