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well that is a bit concerning for me
can anyone else confirm what eric has posted as the same as what they have please.
eric what are the settings on your hist stoch (the green and red bars) please
cheers
geoff
Hi Geoff,
It looks like there was a 10:30CET signal on GBP and a 11:00CET signal on EUR, both level 1s. I took GBP short for 15 pips.
Dave
Last edited by downunderdave40; 06-06-2006 at 12:10 PM.
Moneyline, your spot on, common sense and price action are the most important ingredients in grabbing pips, especially when there is no clear trend to be followed.
That was a bad signal in GBPUSD at 9 cet this morning. But i was not here to take it so maybe i was lucky. The pivot was very close, maybe this should have kept me out of it but i don't know if i would have looked so closely.
Would you take a trade where the pivot is so close? I think harold said not to take them. It's very easy to say in hindsight of course. (I'm talking about my hindsight here, not harold ;-) )One more thing that one could have seen there, is that the 30 min candle right before the signal touched the pivot but close lower, so this candle bounced off already.
But then the next one was a good signal at 10:30. I hope people are still in there.
Hi Eric 79
Step Stochs ( I'm using Harolds set up ) did not agree on a signal at 09:00 CET time (Neuimex feed). Your analysis is spot on though - Pivot is obviously too close and you got that bounce prior bar so no trade.
That 10:30 Cable short had that 200 ema right in front so would normally wait too clear and then potential trade exit at the next pivot around the 1.8709.
g'day dave
well it worked out ok for me i made pips
i think the difference is in the feed
i am demoing with strategy builder fx through moneytec
and it was a definite level 2 signal with that feed at the open of the 11.00cet candle the candle b4 didn't have the strength with the .04 filter
Thanks npj6400
There is only one indicator where i'm not sure wheter it had validated the signal. It's StepMA Stoch (NOT StepMA_Stoch). When i look at the chart now StepMA Stoch did not cross at 9:00 cet in GBPUSD, but i can't know wheter it did cross at the time of the signal for a short time.
Is it this one you're talking about?
Eric
I have noticed the same questions again and again about validating signals and data feed. Do you read this thread ? There is big difference in data feeds between MT4 Brokers !!!
It has been suggested many times that you simply agree on one data feed and use this as your common reference point. It does not mean that you trade live with that Broker- only use it for reference when discussing MT4 signals with other traders.
I use Neuimex for MT4 reference and still trade live with FXCM ( not for long though !) but in the end it does not matter as long as you agree on one data feed only when talking too each other. HaroldFx suggested downloading demo Neuimex account - Nina has confirmed that he uses Neuimex (as well as others ) and so did other traders.
I know that many traders here do not have English as first language so this is one way of "talking the same language" ...
Linear Mode
