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  #1491 (permalink)  
Old 01-05-2009, 05:55 PM
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Quote:
Originally Posted by Stuart14 View Post
Hi Rockdrive.

I thought i did!

So, I know where MT4 is on my computer. I've downloaded the indicators to my desktop and then moved them to the indicator folder.

Is that all I need to do?

I'll scroll back to find his post with the instructions again. Thanks a lot
Hi Stuart - Are you sorted? It was all you needed to do and when you start MT4 again the new indicator should just replace the old one on the charts. Let me know if you need anything further.
All the best,

Nerd Rockie
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  #1492 (permalink)  
Old 01-05-2009, 10:05 PM
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template

hi guys
happy new year to all
Sir fx pimp, did e-mail you but guess you're a busy boy so thought i'd ask here.
can anyone give me the upto date template please, i'm still using 1.0 which doesn't show daily pivot, weekly pivot etc.
Also as a lurker, realise that there is now a paying service, but is the free chatroom still operable? or has everyone deserted this.
Since my dayjob unfortunately keeps me from checking in on an daily basis, i'm a bit confused.
p.s rockdrive love your posts!!!! love your sense of humour.
hoping in the near future to get to grips with the strategy and see you in the live room.
pps honest bill- you are a star sir, have learnt a lot from your very honest posts.

kind regards
b.
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  #1493 (permalink)  
Old 01-06-2009, 01:27 AM
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gbpusd

Hey thanks rockdrive. I do use trend lines, just took them out of the pic for a bit of clarity on the other indicators.
With the trend lines, I will usually draw them up on the 4hr 1st, then the 1hr and then the 5min.
Just to allow me to see the overall pic of breaks S/R and the like.
I've still gotta get around to telling my little story, but for now, a bit of H.Bills' meditation strategy, a few cartons of beer and several days by the beach has hopefully sorted me out.
Cheers,
Martin
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  #1494 (permalink)  
Old 01-06-2009, 02:23 AM
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Doc format of Whole Thread

Quote:
Originally Posted by forexbd View Post
If the pdf or doc version can be uploaded, it will help every newbie to understand the method.

thanks
I know a couple of people on here have gone to the trouble of putting the whole thread in a doc or pdf.

At the mo, I am working on a word doc that has hyperlinks.
It'll link a title/contents page to all the relevant posts.

So all the topics will be covered as per the thread in an easy format to jump backwards and forwards as you please.

Should help the newbies (like me) make it easier to find the FAQ's, strategies, moving averages, cci explanations. so on so forth.
(Maybe help to curb newbies away from asking 'what is a moving average' or 'which broker do you use').
Not that these questions aren't valid, just that they have been covered here in detail already.
Anyways, gimme a couple more weeks to finish it off and I'll make it available to those who want it.

VERY IMPORTANT FAQ: 'IS THERE A WAY I CAN GET A JUMP START'?

As a lot of people on here will tell you (including myself) it is best to read the posts from #1 to #1500++.
Then go back and read it again.
I managed this over the Xmas break and it seems to me that there is not only the strategy to understand for it's technical factors, but also the wealth of psychological input contained in each and every one of these posts.
Perhaps that is the most important contribution.

No short cuts to consistency and long term profitability, as many of us have discovered the hard way.
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  #1495 (permalink)  
Old 01-06-2009, 05:10 PM
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Quote:
Originally Posted by Rockdrive View Post
Hi Stuart - Are you sorted? It was all you needed to do and when you start MT4 again the new indicator should just replace the old one on the charts. Let me know if you need anything further.
All the best,

Nerd Rockie
Thanks Rockdrive.

I'm back to using the IG charts for now. I know where I am there (plus I can't use MT4 in the office at the mo)

MT4 is very clever and far more complex than IG but you need a good brain to make it work well. I get lost with where to put indicators so i'm not sure it bodes well for me!!
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  #1496 (permalink)  
Old 01-07-2009, 12:53 AM
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Trend Lines

Hey Lungfish,

It sounds like you have several charts in different time frames of the same pair and then you are drawing trend lines on each chart. If I may make a suggestion, why not just have one chart for each pair and then draw your trend lines on the highest time frame, and then just switch that chart to the time frame you want to use.

For example draw trend lines on H4 and then switch this chart to H1 to monitor and then switch again to M15 or M5 to enter a position. This way you are only drawing trend lines once.

This is what the Gorilla and Monkeys do and of course, us chimps.

Hope this helps

Robert N
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  #1497 (permalink)  
Old 01-07-2009, 01:10 AM
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Belief Statement from a professional CME Floor Trader

For those of us that are battling our psyche, emotions, the little man inside our head and the guy in the mirror when we are trading, I use a Belief Statement I got from a professional CME Floor Trader. I read it before each trading session and find it particularly calming after having a couple of losing trades or when I reach my maximum allowable loss.

I made the mistake of questioning the $1 million target and was very quickly rebuked as "not having the confidence or belief in myself" so I just read it as copied:

Quote
I am a professional trader. My job is to take risk. If I manage my losses and let my profits run I will be successful. Because I am a professional trader, I will forgive myself easily for making mistakes and move on to new opportunities. I feel great that I have the discipline to control my emotions and the patience required to be a professional trader. I am a professional trader and will make $1,000,000 by year end. I will achieve this by following my trading plan, setting achievable goals, and controlling my emotions. I am confident and believe in my own ability to be consistently profitable because I AM a professional trader.
Unquote

Hope you find this helpful

Robert N
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  #1498 (permalink)  
Old 01-07-2009, 01:23 AM
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Belief Statement from a professional CME Floor Trader

For those of us that are battling our psyche, emotions, the little man inside our head and the guy in the mirror when we are trading, I use a Belief Statement I got from a professional CME Floor Trader. I read it before each trading session and find it particularly calming after having a couple of losing trades or when I reach my maximum allowable loss.

I made the mistake of questioning the $1 million target and was very quickly rebuked as "not having the confidence or belief in myself" so I just read it as copied:

Quote
I am a professional trader. My job is to take risk. If I manage my losses and let my profits run I will be successful. Because I am a professional trader, I will forgive myself easily for making mistakes and move on to new opportunities. I feel great that I have the discipline to control my emotions and the patience required to be a professional trader. I am a professional trader and will make $1,000,000 by year end. I will achieve this by following my trading plan, setting achievable goals, and controlling my emotions. I am confident and believe in my own ability to be consistently profitable because I AM a professional trader.
Unquote

Hope you find this helpful

Robert N
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  #1499 (permalink)  
Old 01-07-2009, 09:23 AM
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Great work

Quote:
Originally Posted by stratocaster59 View Post
For those of us that are battling our psyche, emotions, the little man inside our head and the guy in the mirror when we are trading, I use a Belief Statement I got from a professional CME Floor Trader. I read it before each trading session and find it particularly calming after having a couple of losing trades or when I reach my maximum allowable loss.

I made the mistake of questioning the $1 million target and was very quickly rebuked as "not having the confidence or belief in myself" so I just read it as copied:

Quote
I am a professional trader. My job is to take risk. If I manage my losses and let my profits run I will be successful. Because I am a professional trader, I will forgive myself easily for making mistakes and move on to new opportunities. I feel great that I have the discipline to control my emotions and the patience required to be a professional trader. I am a professional trader and will make $1,000,000 by year end. I will achieve this by following my trading plan, setting achievable goals, and controlling my emotions. I am confident and believe in my own ability to be consistently profitable because I AM a professional trader.
Unquote

Hope you find this helpful

Robert N
Strato;

Love this.............thanks for sharing

Rockie
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  #1500 (permalink)  
Old 01-07-2009, 04:23 PM
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Hi,

Could be that some of you noticed this already or that it has mensioned here before.
But I know that you guys look to the correlation between euro, oil and gold.

There was indeed a very strong correlation for a couple of years between the euro and the oil.
This afternoon I discovered that this correlation changed now into an inverted correlation.
That changing took place the end of November beginning of December.
Be awere of it but as said you guys maybe noticed this already.

On the chart posted it is very nice and clear to see.

Friendly regards...iGoR

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Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR)
MT Intelligence - Stats for fxigor1
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