Hi FXPimp,

In a previous post you explained that we can use two timeframes like for example 5m/60m. We use 5m for fine entry. Then you wrote that after the entry, we change the top chart to one timeframe above the bottom chart.

Do you mean we change the 5m chart to a 4h chart? Do we use this new chart for profit taking?

Daniel

There are a couple of reasons that I would say you have been lucky and a couple I would say you have done well.

To your credit you have followed Gold and Crude which is good.
To you detriment I would say that lack of patience will quite possibly eventually catch you out.

Swissie, Yen and Euro are all now back in the places you entered and why?
Because Gold and Crude we heavily oversold on the 252.
It's imperitive you catch the move at the beginning or at least when the CCI's are within the 150 range.
If you do not, you could find youraself very quick -20 pips x 3. -60 is a tough amount of pips to get back just trading majors with deflated confidence.
You will begin searching for trades that don't exist begause the reversal will be against the prevailing trend and you won't have the patience to wait for the main trend to continue.

Also I see no point in using an average of an average and that's the Heiken Ashi you are using. It is very slow to react and completely defeats the object of the exercise.
As for the linegraph I have no idea what purpose this would serve other than to confuse but it you fin it helps then great.

On a positive note, you made pips and that is important. Well done. Make sure you keep them

__________________
I'm now sending trading notes out twice a day with videos too. Have a look HERE.
There's one set at 6:30 UK time for London and one at 12:00 for U.S session, plus I will send a summary video after each session

I have recently bought myself a laptop and Downloaded MT4 from WHC, as soon as you have downloaded it is telling me it has a virus on update Win 32/Heur, I then put the virus in to my virus vault, Everything seems to be working fine apart from I can't get my Custom Indicators to show, and any indicators I put in to WHC/experts/Indicators will not show, Have done exactly the same on my Desktop and no problems, Anyone with any Advice/Help.

Thanks,

Hmmm...What you exactly mean? I'm using template you have emailed me..I have not changed anything there..

Thank you very much for your valueable comments!! I'll try to stick to the rules.

Please tell me also if this entry is more valid?

Overall trend is down. Eur&Usd is not oversold. CCI(63) crosses zero line.
Is it ok and enough to enter?

Thank you in advance.

Attached Images

eurusd-5min_cci63.gif (28.4 KB, 305 views)

Pug, you haven't got my Heiken Ashi on there. Yuo have your own smoothed variety.
See that little green moving average?
thats the 1m 20ema, which you will notice on all my 5m charts as running through the centre of the candle.

You should be using this one.

Attached Files

Heiken_AshiH_cw_mtf.mq4 (5.3 KB, 37 views)

__________________
I'm now sending trading notes out twice a day with videos too. Have a look HERE.
There's one set at 6:30 UK time for London and one at 12:00 for U.S session, plus I will send a summary video after each session

There a a couple of problems here.

Firstly without the appropriate Heikens you cannot see the higher high on the 5m chart. This along with the fact that the pair has already gone 100 pips today makes it quite risky.

The most powerful moves are when the 252 first crosses. Look how long this has been down below 0.0.
Always remember where Crude and Gold are too.
Crude has just bounced off the weekly 50sma so likely to finf some support there, which will drag Gold up a little which will not help Euro fall.

A lot to take in, I know set aside 1 screen for Crude and Gold if you can and watch them closely. Gold has fallen 300 pips since yesterday and Crude 1000. How much more can they go?

__________________
I'm now sending trading notes out twice a day with videos too. Have a look HERE.
There's one set at 6:30 UK time for London and one at 12:00 for U.S session, plus I will send a summary video after each session

Thank you Mr.Pimp. I don't know have to fix this heiken

I'm using your template..Please look at this screenshot. Heiken_AshiH_cw_mt is loaded

Attached Images

bladheiken.gif (47.9 KB, 270 views)

I have no idea then, but that is not Heiken Ashi CW unless you have altered the shift.
May I suggest deteting the Heiken from the chart, then adding standard MT4 Heiken to see it that works.
If it does then add the CW one again with timeframe set as 0 and try that.

Anyone else having this problem ?

__________________
I'm now sending trading notes out twice a day with videos too. Have a look HERE.
There's one set at 6:30 UK time for London and one at 12:00 for U.S session, plus I will send a summary video after each session

Flash,

I haven't experienced your problem, but just today I set up a friend's laptop with MT4.

I copied the entire folder C:\Program Files\WHC Trader 4\ from my Desktop to a USB stick and then pasted it onto the laptop in the same location.
I then installed WHC Trader 4 into this folder.
Everything looked identical to my desktop. So, he didn't have to set up the charts.

Hope this works,
Honest Bill.