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- ACartwright replied Apr 15, 2009
[quote=deltaworld;2671365]I entered USD/CAD late as I was in the Cable. I entered USD/CAD 2 candles late at close of Green Vertical Bar. Should have entered at close of Purple Vertical Bar (ADX has risen by 3 from low) In regards to entering a trade ...
Directional Movement
- ACartwright replied Apr 15, 2009
Hi Delta, When did you get in on usd/cad? I went shot at 12078. Ended up makinig 50 pips.
Directional Movement
- ACartwright replied Apr 15, 2009
Hi Delta, Sorry I did not answer your question - I went on about MACD not agreeing etc. Your question was about entering late even when indis are correct even in the begining. As a normal rule of thumb you can take the trade but you may want to ...
Directional Movement
- ACartwright replied Apr 15, 2009
Hi Delta, I just posted to henryfam that the actual inicating candle was the large down candle according to my charts. It was this one that moved the adx to above 20. Here is a screenshot on another entry set up. If ADX is right but the MACD and DMI ...
Directional Movement
- ACartwright replied Apr 15, 2009
Hi Henry, IBFX can give slightly different digits as experienced by another member on here. I have actually looked at the figures since and the long signal on my charts came from the massive down candle.
Directional Movement
- ACartwright replied Apr 15, 2009
Hi Henry, I have only looked at possible trades on the 4hr charts not taken any live. The reason for this is based on the system the sl goes at low/high of indicating candle. 4H candles can be very large. Also I have settled on the 1 hour charts as ...
Directional Movement
- ACartwright replied Apr 15, 2009
Hi Guys, I believe that you got into the gbp/usd trade a candle to late. It may have been dependent on you data feed. Mine showed the sginal at 16.00. Do you have anything different? Al
Directional Movement
- ACartwright replied Apr 15, 2009
Hi Plasma, Delta is correct. The ADX needs to be rising and above 20 with the MACD in agreement. Currently neither indicator is giving a proper signal.
Directional Movement
- ACartwright replied Apr 15, 2009
Hi Henry, They look fine as signals - but try and remember we are trading london session so from 8 am ish to 6pm is GMT. One of your losing signals was early in the morning.
Directional Movement
- ACartwright replied Apr 15, 2009
Hi Delta, This trade would have signalled at 16.00. Sorry taken a while to come back to you.
Directional Movement
- ACartwright replied Apr 15, 2009
eur/gbp stops should be tightened. Just a feeling.
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- ACartwright replied Apr 15, 2009
Hi Delta, I use IG index also - like you mention I find it very flexible.
Directional Movement
- ACartwright replied Apr 15, 2009
The current candle has a range of 50 pips so be careful. It is also coming upto support at 8828.
Directional Movement
- ACartwright replied Apr 15, 2009
Should have stayed in
Like I say you never know!Directional Movement
- ACartwright replied Apr 15, 2009
Hi Delta, I trade from 7 am gmt which is translated to 9 am on my charting software. I would not have taken the gbp/jpy trade as there was not a continuous increase in the adx - it had a little blip which was not in line with the rest of the move. ...
Directional Movement
- ACartwright replied Apr 15, 2009
Delta, On my screens the eur/gbp is not valid as the MACD is not below the signal line. Does your data feed show different?
Directional Movement
- ACartwright replied Apr 15, 2009
Hi Delta, I did not have a trade on gbp/jpy - can you post a screen shot?
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- ACartwright replied Apr 14, 2009
I would take profit at 0.5813 where the suppor thas been on the 10th April
Directional Movement
- ACartwright replied Apr 14, 2009
Hi Delta, It is a tricky thing to move stop losses to break even at the correct time. I think it is best to look at the indicators overall and when the price gets to break even. I.E if it gets to break even at the end of the candle you can look at ...
Directional Movement