That's something I know. Simply prefer having everything set to H1. Appreciate the reminder though.

TCO Trader EA

Thanks for the clarification, darkgsg. I took 1 for granted, suspected 2, but never considered 3. If one was to change TF to H1 as I did, shouldn't condition 3 change as well to Previous Hourly Close compare to Tenkan Sen? It seems the buy on the ...

TCO Trader EA

In theory 38.2% retrace is typical of impulsive waves/trending, meaning big rewards should be more likely. However, this promise of big reward comes at how much risk? Where to put the stop exactly? That's why I like the the way gspajon has thought ...

Which Fibo level do YOU use and why?

Hi rexio. This is Ichimoku in H1 TF.

TCO Trader EA

Ok, guys here's a chart. As you can see Ichimoku current trend says "Ranging" with Tenkan above Kijun Williams is issuing a buy signal that should be valid assuming Tenkan>Kijun=Uptrend How does Ichimoku determine the trend exactly? Thanks.

TCO Trader EA

Definitely an interesting idea and a logic one (strong/weak close = continuation). Testing I've done long ago, showed that chance of previous daily high being re-tested is significantly higher when close is above pivot (or median). The opposite is ...

Which Fibo level do YOU use and why?

Hello TCO. I have a doubt you might clarify. Why does the EA show Trend=Ranging when Tenkan > Kijun using Ichimoku method only? Shouldn't it show Uptrend instead? Thanks for all your hard work and commitment to others. My thanks for your ...

TCO Trader EA

Thanks for the chart

Which Fibo level do YOU use and why?

Thanks for your reply. Those are very objective criteria. The methodology seems sound. Could you please post a chart illustrating anyway? Here's a chart illustrating what I meant earlier. I didn't use any method to determine the swing points but ...

Which Fibo level do YOU use and why?

Bridge jumping Seriously though, 18 months in forex is nothing, your journey has just began. There is no definitive solution to jumping systems, because: a) Most traders lack the very basics to recognize systems which are/could be made ...

System jumping - how to solve it?

Hello again gspajon. As you've mentioned anything and everything may be contaminated with subjectivity. Results are only as good as the methodology (and sample size used). What criteria did you use to determine the swing points, which would produce ...

Which Fibo level do YOU use and why?

Nope, not the voice of god. It is a reference to Thor, the norse god of thunder. I used to play real time strategy games under that nickname during college years, and always imagined the voice of god as something imposing like the sound of thunder. ...

Which Fibo level do YOU use and why?

Hello gspajon. It seems you may have already found what you're looking for. If I understood correctly your research results, price reverses to 0% from combined levels 50% + 61.8% about 60% of the time. That being the case, entering an order at 50% ...

Which Fibo level do YOU use and why?

Yes, moving averages do have a place in trading. Being one of the simplest indicators they have so many uses! Not to mention most other indicators/oscillators are MA based. It's very hard to skip them completely.

Do you believe moving average systems work?

This approach to strength/weakness analysis has limited use, especially when comparing two or more pairs. It naively assumes it is valid to compare directly distances in pips from different pairs. As if volatility was a constant. Clearly, that is a ...

The DIBS Method... No Free Lunch continues

I find exits harder than entries (psychologically). More important not so. Entries and exits do not exist on their own. Since they are dependent, their importance can only be the same. They must be tailored to fit well together. Bad entries directly ...

Your exit is more important than your entry?

I'll have to agree with 60minuteman. In the big picture it won't make a difference. You'll miss some signals, you'll gain some signals. Some will be winners, some will be losers.

4hr candle start times

Good points concerning Eur/Cad. However, recent COT sentiment extremes suggest more upside to follow. Just something to think about. Note: in the picture where it reads USDCAD it should read CADUSD.

EurAnalysis

Thanks mate. I was looking for something like this. You just made my day. Have a great holiday

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