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marketsnipers replied May 24, 2007Yes, this is a broker problem. You have to adjust according to your chart or download a MT4 from another broker and open a demo account. The green line is above the white line in my chart. I am not sure how yours is opposite. Maybe something to do ...
Simple 4 Hour System
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marketsnipers replied May 24, 2007I have attached it here again. Please set the weekly pivot and levels to true and everything else to false.
Simple 4 Hour System
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marketsnipers replied May 24, 2007I will follow the rules and let the market take me in my favor or against me.
Simple 4 Hour System
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marketsnipers replied May 24, 2007Yes, in 18 minutes after holding for 8 hours.
Simple 4 Hour System
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marketsnipers replied May 24, 2007I use only the weekly pivot and SR lines. Enabling all of them makes it difficult to trade. You can add anything to personalize it, but I like to keep it simple. This is how I designed it, and so, this is how I will keep it. 1. The 100 SMA does a ...
Simple 4 Hour System
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marketsnipers replied May 24, 2007This is an update of the chart I posted a few hours back. You will see the eurchf bounced off the weekly support line and the 100 SMA line. The bar closed slightly below the 100 SMA, but since it did not break the weekly support, I did not take the ...
Simple 4 Hour System
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marketsnipers replied May 24, 2007Look at eurchf. Watch how it is hesitating at the 100 SMA line. Incidentally, it happens to be the weekly S1 too.
Simple 4 Hour System
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marketsnipers replied May 24, 2007There is no need to predict to make money.
neural network based systems in forex
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marketsnipers replied May 24, 2007An expensive program will make you conscious of your trades enough to scare you and will help in losing your money to the market. Bottomline, you dont need to predict to make money.
neural network based systems in forex
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marketsnipers replied May 24, 2007Yes, I wait for the green to cross, but if it is too long, then I wait for a retracement to get in, if not, just ignore. I am conservative. I trail the 3rd position. Thanks
Simple 4 Hour System
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marketsnipers replied May 24, 2007This is a USDCHF chart. Again, I do not endorse it, as I do not trade it. Please do your own research. 1. The blue box is the main entry, but if I had taken this trade, I wouldn't enter it because the bar was over 100 pips. I would take the trade at ...
Simple 4 Hour System
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marketsnipers replied May 24, 2007I think you are referring to Vantage Point software. My advise: Save that money and use it in trading instead. You do not need a $4000 software to make money in this market. A few simple lines will help you, as long as you are disciplined and have a ...
neural network based systems in forex
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marketsnipers replied May 23, 2007I do not trade USDCAD. I pulled it up, just to show the main setup. Anyways, here is the chart again with the indicator. You will see, the green is above the white.
Simple 4 Hour System
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marketsnipers replied May 23, 2007This is what I call a "Classic". A move of 850 pips. How much you want, you decide (The difficult part and one of the reason why many fail). The Yellow is the main entry and the blue is the re-entry.
Simple 4 Hour System
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marketsnipers replied May 23, 2007The chart is for eur/gbp. This pair, as far my knowledge goes moves slower than a snail. Look at the places I have marked. Both trades were good for 30 pips. I say 30 pips, because thats how much it normally moves in a day. It isn't practical to ...
Simple 4 Hour System
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marketsnipers replied May 23, 2007Yes, I do wait for the green to cross above white. I am conservative. I will post examples as they come.
Simple 4 Hour System
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marketsnipers replied May 23, 2007My stop was at 1.6501, but I bailed out at 1.6474-80 as there was a reverse signal. The pivot indicator is dynamic and changes every week. So, I cannot show you, but my stop was above the previous high.
Simple 4 Hour System
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marketsnipers replied May 23, 2007I have mentioned the SL part in post #7. No, I do not use MACD for re-entry. I enter when it touches the 100 SMA. Here is an example. I had a buy stop at 1.6506+4 spread, right at the 100 SMA. Trade was triggered and price went 2 pips below to ...
Simple 4 Hour System