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Old 02-05-2009, 10:24 AM
gaivy912 gaivy912 is offline
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Need Help Please

I have studied the chart from post #12 with the Red (Entry Color) and Green (Exit Color) arrows and I am still not sure how you figure the entry point on all the trades. On the bottom (MACD Indicator) there are 5 Red Entry Points but on the chart you have an entry between the 3rd and 4th entry on the MACD indicator. And it did not cross the 0.00 line. Also you stated that sometimes depending on the time of day "If its 5pm-6pm EST I usualy close half my trade at 30 pips and ride the rest tell I get to the opposite directional set up." Does this mean you have multiple trades going on at the same time or will the trade open and close before a new one opens? I think where the problem lies is that--what is very obvious to someone who uses something everyday is not always so obvious to everyone else looking at it for the very first time. I will admit that I am New to the Forex Market and I have tried a few EA's but I want to learn to manually trade and of all the systems that I have studied yours seem the most interesting and promising of them all. So if you would be so kind as to try and give a more detailed explanation for a Newby it would be greatly appreciated

When you say Opposite Directional Set-up are you talking about when it crosses from one side of the 0.00 to the other (and do we ignore the red line on the MACD Indicator? And if that is what determines an Opposite Directional Set-up how can you have more than one trade open? Because then you would have a long and a short trade going at the same time. Again I am confused lol.

Any clarification again would be greatly appreciated, because I really want to learn this system throughly.

Oh when you load the indicators to the chart in the MT4 platform. Insert/Indicators/Custom there are 2 files shown "Support and Resistance (Barry)" and "Support and Resistance" Do you load both or--if not--which one?
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