Maar... your right about waiting for big events. Did you stop and figure out that the French elections ( both of them ) occur on the weekend>? Not much chance of finding the trend in off hours......

5 years and still no strategy

Yup, I totally get that. UJgod, you are doing the right thing. Doubling your account every month, will very quickly lead to financial independence, but its a matter of having the discipline to stick to the plan of 10 / 20 pips a day. and Patience. ...

5 years and still no strategy

image image Hi CLassy Just wondering , how is the currency strength percentages in the currency power box calculated?

Currency Strength Indicator Trading

This ea wont load on a chart. what is the difference between v. 2.2 and v 2.2(1) ? Seems both versions downloaded at once. but they are seperate EAs.

The amazing Dashboard EA built on the Babon Scalping System

The initial screen shot shows EURUSD 4 hour. The indis that I used to show the strong divergence are MACD, RSI, MOMENUTM, STOCHASTIC, AND ADX main line. all five show divergence -- this is usually a strong signal.

my grail system

image I got into trade a little early so what I did was go to 1M and when price reached the top and sold another mini lot. It is working out nicely. This is not only divergence on 5 INDIs , but a good down trend , so both signals are at play here. ...

my grail system

image Here is divergence that I trade. you notice all five indicators showing divergence and price already went that way although I think it will go more.

my grail system

Trends are there because of a reason -- sometimes we know the reason and sometimes we don't When that reason disappears, so does the trend. But Ipsula you are right to an extent -- the only reason a "trend" exists is because somebody decided they ...

my grail system

Exactly. That would work good. I've been trading forex since 2004

my grail system

Hitting your SL doesn't surprise me because as you can see the trend had just reversed to now point in a down direction. Divergence doesn't always go against the trend. Be Careful

my grail system

Goldberg... you trade 12 1M charts using a moving average? Does it work?

my grail system

I always need a good laugh in the morning to start my trading day off.....

my grail system

Ipsula this is EURAUD 2hr TF. So far it has gone up a slightly from the time of your post. Lets see where it ends up. Your second chart is USDCAD 1 hour TF and looking at it now two hours later, you were right. it did go up. Nicely done.

my grail system

Goldberg, look more closely at the chart she posted. Her SL was above the price action and you can see it never hit. Later you can see her trade is still there before she closed it with a nice looking profit from the direction she predicted. It was ...

my grail system

I look at a lot of different trading signals, divergence is one of them. Divergence is more meaningful and powerful in higher time frames, then you can get in the trade, especially if its obvious, and make a lot of pips ( this might be rare ). The ...

my grail system

Ipsula, Once you have confirmed a divergence signal from your system ( or any divergence system ), it is safer to confirm the direction of price by adding indicators such as Moving average or MA cross, or ADX DI cross, or momentum. You can then set ...

my grail system

Well obviously i was wrong about the direction today but the important thing is not to lose money when you are wrong. I still gained a 20% on capital even though i was short USD. How i did that was that I got out of 3 of 5 trades before the news ...

28pair Currency Strength double-GAP Momentum Strategy

Here is modest gain. Capital balance was $222 before trades. After news was released , US Unemployment rate dropped to 4.9%. Also 151,000 jobs were added , both which were considered positive for US, although less than the 190,000 expected, thus the ...

Trading the News... explained

Well, now its 10 minutes after the release of the economic jobs report ( US and CDN ), and the news was worse than expected, quite a bit worse, and USD is gaining as i write this - go figure. Technically that is to be expected as a pullback after ...

Trading the News... explained

Well back to trading.. hope everyone is short on US Dollar. We have 20 minutes to the USD economic Jobs release... its a strong move !!

28pair Currency Strength double-GAP Momentum Strategy