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I guess the problem with level 4 trades is (at least in my mind) this:
The keys for level 4 trades is that the move have strength and be above or below the highest high or lowest low...
For me, when I'm watching the candles go up and down, I dont really know if this candle, [that is coming to the top of the last high - or to the bottom of the last low] has strength...
...By the time I see that it does, in fact, have the strength it needs to be a valid level 4 trade, I'm afraid to enter because it's (usually) gone a good 10+ pips above that magic break point.
So I sit aside and wait for another oppurtunity.
Has anyone successfully traded level 4 enties consistantly and who can provide some insight into this complex issue?
I know that when going over the days recaps, its VERY obvious what was a level 1,2,3,4 --- but (for the level 4's) its very very hard to see what it IS WHILE its HAPPENING and not miss the 'pip bus' (if you know what I mean).
Thanks !
Hi!
I like that of the "pip bus". Right, Remul, level 4 are break outs and break out needs strength, a rush. News releases give them usually and you will see that histo bar gets longer.
I like that of the "pip bus". Right, Remul, level 4 are break outs and break out needs strength, a rush. News releases give them usually and you will see that histo bar gets longer.
Nina
But how do you know if its not just making a new high ? ... only to go down FAST...
But how do you know if its not just making a new high ? ... only to go down FAST...
Hi!
My last post today.
Reemul99, you will never know for sure you are going for a big shot. A fact is that after a consolidation there is a break out. This is a fact. Trade that fact.
Some people like to use juice indicator for that; other, stochastic, others cci and so on. I like to see the trend, the mood and feel and try to read the ticket.
Sometimes, I make a lot of money and sometimes I lose. That's the game.
What is not the game when you are in a very and strong trend up is start selling at a level because you think it will drop.
Reemul99, you will never now for sure you are going for a big shot. A fact is that after a consolidation there is a break out. This is a fact. Trade that fact.
Some people like to use juice indicator for that; other, stochastic, others cci and so on. I like to see the trend, the mood and feel and try to read the ticket.
Sometimes, I make a lot of money and sometimes I lose. That's the game.
What is not the game when you are in a very and strong trend up is start selling at a level because you think it will drop.
Nina
Thanks Nina!
I'll start jumpin' on that bus next week (hope next week doesn't suck too bad with the 4th of July Holiday in the US)
Do we really need these sponsored links splattered around the thread, they are a complete pain and I imagine bring most people closer to finding another forum.
I thought you'd like to see a chart with level 4 or break outs trades.
Obviously, the best break outs are when we have news.
You have two choices for trading those news break outs: to wait a bar, 30 minutes, or to jump in when you see the break out. Of course, to jump in without slippage, you need to enter limit sell/buy orders. 30/15" before the release.
I want to stress that break outs are riskier, cause you will never know if it is going to be a great or a false one. If the break outs were easy, all of us would be millionaires.
Do we really need these sponsored links splattered around the thread, they are a complete pain and I imagine bring most people closer to finding another forum.
Bad move
Go to C:\WINDOWS\system32\drivers\etc directory and open hosts file with notepad and add these lines
hi
can anyone tell me what the bottom indicator on Ninas chart is? The one with the blue stripes
thanks
hi folks, this strategy is great and i hope that everyone is doing some profit,
about this indicator it shows the buy/sell signals, but i think that super xo is better
and here is the indicator
Linear Mode
