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    • Edgetrader replied Jun 25, 2009

      Almost redundant! — Trading SHOULD be boring. This is pretty close. Not sure, but it seems a new 'stoch' indi put in play by Paul and confirmed as viable for scalping by 'Notch" can be utilized as a nice tool to add to the bag also. Witness ...

      EUR/GBP Trendmagic System
    • Edgetrader replied Jun 25, 2009

      Oscillation......... — It really does not matter what a trader uses much of the time. Candlesticks, bars, point and figure, renko? It is PA alone that will dictate how you perform. ANY trading plan can be effective when PA is just rolling ...

      EUR/GBP Trendmagic System
    • Edgetrader replied Jun 25, 2009

      Unfortunately, that is true. Waiting on a HA candle to close can be a pretty wide range depending on pair traded, PA at the time, and time of day trading. However, it is not too difficult to observe a bit of PA, look at another pair or two to gage ...

      EUR/GBP Trendmagic System
    • Edgetrader replied Jun 25, 2009

      The 'trix' is the trigger and the 14WMA works well as a buffer SL area. On a 5M chart, it is difficult to have a patently mechanical SL as if you wait for a close below the MA for a hard SL you can be waiting quite a while. Yes, I do trade a tad ...

      EUR/GBP Trendmagic System
    • Edgetrader replied Jun 25, 2009

      I trade on average 4-5 hours a day. It is pointless and soul-destroying sitting with your nose against the monitor for 18 hours a day. I trade 2-3 hours during LDN session and at times 1-2 hours during the US session. I am lucky that I live in a ...

      EUR/GBP Trendmagic System
    • Edgetrader replied Jun 24, 2009

      Now, there has at least been an attempt to comply at least partially to your concerns. The next step is yours. Trade the plan as designed on YOUR time and show YOUR charts proving it to be invalid. Meet us half way and everyone wins. Regards.

      EUR/GBP Trendmagic System
    • Edgetrader replied Jun 24, 2009

      Here is a modest effort at transparency. — A bit of the normal skepticism is apparent here, however, the poster has a point that needs to be conceded. The plan is indeed a 5M base plan. However, its design is more in line with swing trading as ...

      EUR/GBP Trendmagic System
    • Edgetrader replied Jun 24, 2009

      Yeah, not sure I would have taken such but an not a PP trader and do not know enough about the subject to objectively comment on such. Was aware of Glen Eagles comment on Swiss killing their currency and combined with a FOMC announcement whereby ...

      EUR/GBP Trendmagic System
    • Edgetrader replied Jun 24, 2009

      The setup is there and easily recognized. Am VERY cautious trading a 1M chart. In fact, would limit any trade at +5 as a scalper. Take a look at the bigger picture. EU, GU, GY and EY ALL short since U.S. open on the 1H charts. Also, my losing 5M ...

      EUR/GBP Trendmagic System
    • Edgetrader replied Jun 24, 2009

      So many decisions !!!!!!!! — One more look at which tools to eventually put in the bag. When you begin work as a construction worker, you purchase just the tools you need in order to keep initial costs to a minimum. As time goes by, and you ...

      EUR/GBP Trendmagic System
    • Edgetrader replied Jun 24, 2009

      Big point in the Renko is that it is not associated to TF trading. It moves and builds its 'blocks' based completely upon PA alone. As 'Tommy' has shown, 5 tic blocks are very good for scalping. PA is similar to that of a candlestick chart, only the ...

      EUR/GBP Trendmagic System