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fxhermit replied Dec 5, 2007MT4 Indicators — Here are the indicators. I am not sure just how DPO functions or if it is even a Bollinger based indicator, perhaps someone with more knowledge than I would be willing to expound on its use. It seems to corroborate the signal ...
Pivot Point Squeeze, high probability system
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fxhermit replied Dec 5, 2007MT4 — Just reading through this thread and am finding it quite interesting. I don't think that one can go too far wrong using Bollinger as a mentor when it comes to trading Forex. This market loves to go from compression to expansion which is ...
Pivot Point Squeeze, high probability system
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fxhermit replied Nov 25, 2007Thanks — Thanks for the correction on the EMA's - I missed that when Kev posted his indicator. Channels are just trendlines drawn through tops and bottoms. They just give me a visual as to how price is contained. Like all trendlines, they are ...
the key to the mint
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fxhermit replied Nov 24, 2007Her you go — The arrows are from Kevmcfoster's post #34 an indicator that he was kind enough to modify for our purposes. As far as the indicators go, they are as per Harold4x method, RSI and Stochastic. I just drag and dropped the Stochastic ...
the key to the mint
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fxhermit replied Nov 24, 2007Reply to Charlie — "When trading the 4H, are you looking for the Daily, Weekly or both to be in agreement (meet all conditions) with the 4H Chart?" Actually my entries are as Harold4x recommends - use the daily and enter trend friendly in the ...
the key to the mint
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fxhermit replied Nov 23, 2007Pretty Picture — Thanks kev...Makes for a very pretty picture and very clean easy to read charts....aaah the simple approach, I always love them. Mixed with a bit of good old fashioned patience, I have found simple moving average systems to be ...
the key to the mint
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fxhermit replied Nov 22, 2007Yup — Yup, those are certainly 4 good pairs to trade and I do so as well. What I like about the USD/CHF is its tendency to set reasonably clean trend legs ( I like to swing trade into position trades). The other pair that also has nice runs is ...
the key to the mint
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fxhermit replied Nov 22, 2007Stochs and cycles — The attached chart shows exactly what you are talking about when you say "stoc shows us the cycles within the trading day". The stochastics trend friendly entries have been a gem on the USD/CHF for a while now.
the key to the mint
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fxhermit replied Nov 22, 2007Trend is your friend — Oh so true..... that well worn phrase " the trend is your friend" is still well worth using as one's mantra. What I like about trading the daily is the ease of doing one's due diligence only once a day. Using bar ends as ...
the key to the mint
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fxhermit replied Nov 22, 2007Simple and Effective — I have always been one who thinks that successful trading does not need to be overly complex, nice to see that I am not the only one who thinks so. Keep up the good work. "Genius sprouts from the seed of simplicity which ...
the key to the mint
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fxhermit replied Nov 14, 2007O.K. — O.K. no problem and no offence taken - just making an observation. Glad you have something that works for you.
The System (Irony included)
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fxhermit replied Nov 14, 2007Old Swing Trader's Trick — Reading through this thread I see the mention of the V formation (123, ABC and variations thereof) as entry criteria for trend friendly trades. I know you guys pride yourselves on trading "naked charts" but thought ...
The System (Irony included)
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fxhermit replied Oct 22, 2007Number of accounts — Personally I have always managed more than one account in Forex. Currently I have four seperate accounts. I like having a number of different accounts not only because of some of the reasons mentioned above but also simply ...
Now I know why 95% of traders are on losing side
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fxhermit replied Oct 10, 2007MFI — Cancel that request for the MFI. I found it under indicators, must have missed it the first time, duh! Carry on.
Trend Smasher - Profitable Mechanical Long Term Position Trading
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fxhermit replied Oct 10, 2007MFI — Nice work Daemien and thanks for the templates. Could you please attach the MFI as a seperate attachment. I would like to play with it a bit and it would be nice to see the code. Thanks
Trend Smasher - Profitable Mechanical Long Term Position Trading
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fxhermit replied Aug 23, 2007Forget VT — I suggest that you go to strategybuilderfx and download a demo MT4. You will be in business in a matter of minutes. Forget VT.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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fxhermit replied Aug 6, 2007Traders dilema — Yeah Plutonite, you have touched on what at one time or another is probably every traders dilema. The fact that the Forex is a 24/5 market is often initially perceived as an attraction only to become more of a curse than a ...
long-run profits impossible with short-term trading?
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fxhermit replied Aug 6, 2007Thanks — Thanks Merlin, coming from such a renowned Forex personality, I am humbled. Merlins and Hermits......hmmmm....sounds like dangerous possibilities to me
.long-run profits impossible with short-term trading?
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fxhermit replied Aug 6, 2007System criteria — I pretty well agree with you on this one, Jedi. The defining criteria is of course that not any old system will do. The system that is being used must be capable of placing as many probabilities in your favour as possible. So ...
long-run profits impossible with short-term trading?
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fxhermit replied Aug 6, 2007Long run profits with short term trading? — In an attempt to answer the title of this thread, I would like to say not only yes, that it is possible to be consistently profitable using short term trading techniques. It is also possible to be ...
long-run profits impossible with short-term trading?