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i dont have pivots
so sometimes i am afraid to open position for example London opens i am away I come back after 2 hours I see price went up and for me is hard to decide should I jump in or not
basically I compare heiken ashi with higher timeframes as Steiniz was talking about long time ago. But I still dont know what to do, for example now onGBPJPY what you will decide?
You may try to put pending orders above or below support or resistance before you leave your trade.
I don't trade GBPJPY.
I trade on M15 EUROJPY. So I will look H1 EUROJPY as my main trend.
If I look on GBPJPY chart right now, stoch on both timeframes (M15 and H1) are already overbought, price is blocked by daily resistance 1.
So, I think it will go down for a little, then will going up again to break Resistance 1.
Because stoch on H4 is going UP.
Just a newbie prediction.
Here I post my template if you interested.
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I love the fact that you are sharing your ideas and don't want you to stop. However, I started this thread with the hopes that it would be related to my system!!
As to your question Stace, it is one of the hardest things to accept after missing a nice move but you have to be patient and wait for the next trade signal. It may be to add to the long or look for the reverse. On the 15min GBPJPY the stochastic is beginning to stall and we may see a slight retracement but I think the pair is headed to the 729 or the 4hr T3 around 227-228.
You can always drop down to the 5 min chart and wait for a reentry signal to get long again.
Rad.
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Change everything till it works!!! Test, test, test... Click here to see my trading... http://letsgetreal.mt4stats.com
thank you for advice. Basically I am long time intrested in this system and use it as my only one work system on this market. Particulary due high volatility I use all pairs of JPY, others are not so good for me especially eurusd with this indicators. So I want to keep this conversation more about way of using this system. So for me is problem with behaviour like now we have on GBPJPY and usually i jump and loose. I used to trade this on London open when price going to be able to have good impulse. But sometimes I miss signal and when I come back i am not sure enter or not instead indicators show me for example long run, because I noticed this indicators are very fast changing and sometimes on sideway market they are going crazy and is big potential to loose
Very sorry Radatats that I messed up your thread I will not do it anymore, just I was so surprised I found the collegues who are using particulary the same way
Quote:
Originally Posted by demam_emas
You may try to put pending orders above or below support or resistance before you leave your trade.
I don't trade GBPJPY.
I trade on M15 EUROJPY. So I will look H1 EUROJPY as my main trend.
If I look on GBPJPY chart right now, stoch on both timeframes (M15 and H1) are already overbought, price is blocked by daily resistance 1.
So, I think it will go down for a little, then will going up again to break Resistance 1.
Because stoch on H4 is going UP.
Just a newbie prediction.
All the moving averages are T3 MA's. It is a type of MA, not a regular ema. The T3's on the chart are for the current and the next 3 higher time frames. For entry I look for a color reversal and a blue T3 cross first. Then I want to see the next higher time frame MTF HAS bar in the center window change color to match the desired move and the stochastic to peak and cross in my direction to enter the trade. Look at the boxes on the charts I have posted and see how things lined up.
Rad
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Change everything till it works!!! Test, test, test... Click here to see my trading... http://letsgetreal.mt4stats.com
Rads- it's nice to see you being creative with your charts again and sharing. Your Stoch and MACD gave an early heads up on the reversal as did the audusd and usdjpy pullback...waiting for the next upleg if it comes. Great new system!!