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My best indicator is support and resistance in different Time Frame (daily,hrly), I do not have any special indicators for trading. Just support and Resistance together with my naked eyes..
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Not bad
Not bad Minime. Obviously some type of breakout system and a little late for my liking but still a nice run out of it for sure.
Gotta be happy ![]() pilot |
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Stop looking...it's all here folks
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Hard work, education, long term experience, application of money management and discipline over your fear and greed. It only takes a miniscule 20 pips a day to make 2% on your account and yet people over-trade wanting those 'instant millions' which lead to loss after loss. Just the other day MrMarketz started a thread called "Day Trading" which I KNOW and back him up on is long term consistently profitable. NO...there is no EA or magic indicator and it will mean some work therefore forget the idea of lazily slumming it on a beach while a EA you never worked for makes fistfuls of $. However it will 'easily' provide you that 20 pips a day. The BEST systems cannot be automated and still require human intervention. I'm not sure where all the 'work ethic' went in the last 20 years but it makes me puke at the amount of people who havent done a day of it in their life. This is a tough market but you can master it provided you pull up your socks, start the apprenticeship proper and dig in. Pilot |
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Quote:
the traget was 200 " same as the channel lenght" the rest is luck
__________________
“Risk comes from not knowing what you're doing” “Be fearful when others are greedy and greedy when others are fearful” Warren Buffett Last edited by MiniMe; 05-09-2008 at 10:20 AM. |
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I remember it was the channel indicator which can be backtested. I mean ... the old channel lines are not deleted ...
Could not find it now. It is be on the following threads: Hours Channel Modification SHI Indicators Channel trading system forecasting indicators I remember the name of indicator was hourly channel or simple like that. And it was the request of one member and some coder (do not remember who sorry) coded it. It was good indicator which was not deleted old channels so we are always seeing 2 or 3 channels: 1 is channel (trend/support/resistance lines) for now and 1 or 2 channels which were in past so we can backtest the whole situation especially on H4 timeframe. Could not find it sorry. It is on our forum exactly. If someone will find so please post. Last edited by newdigital; 05-09-2008 at 10:26 AM. |
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Hi ND , the channel indicators may cause a problem to anyone who wants to develop an expert, the reason the name of the channel change with time.
some members were so kind to modify those indicators so they don't change the name, most of those indiators are found on trendmeleaveme expert, those are the one I am using but I didn't know about a channel indicator that keeps the old channel on the chart, that would be something nice to have, if someone have it please post it
__________________
“Risk comes from not knowing what you're doing” “Be fearful when others are greedy and greedy when others are fearful” Warren Buffett |
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I don't think that you used BrainTrading system M30 timeframe but just in case:
brain_m30_gbpjpy_0905.jpg |
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