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LinkBack (70) | Thread Tools | Display Modes |
09-13-2007, 05:39 AM
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09-13-2007, 05:41 AM
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09-13-2007, 09:45 AM
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If u figure it out. i will be first one, who will do it for u, be shure.
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09-13-2007, 01:01 PM
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Illustration
Just for illustration purposes:
Thats already the 3rd arrow I'm not taking because of the nonlagdot which is still up and QQE which hasn't crossed. Maybe that helps! Last edited by dxtrade; 09-13-2007 at 01:03 PM. Reason: change of pic
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09-13-2007, 01:17 PM
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GJ, UJ, EJ go up...
Hi dxtrade,
Be carefull if you trade using japanese yen. The political situation in Japan is not good, because Japanese prime minister was resigned yesterday. So that all GJ, UJ and EJ will likely go up in next couple of days. You better wait for UP arrows appears to take long position.
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09-13-2007, 01:28 PM
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Quote:
 , I know that.But I'm testing the setup and system here to filter the entries with very small lots on a live account. And a mechanical Forex system must be able to survive a japanese PM resignment .The market situation isn't good anywhere for any pair right now and it's not easy to make decent money since 3 weeks. But the price of a currency is moving in waves (small or big) and a small wave which has a 25 pip size in EUR/USD has 80-150 pips in GBP/JPY. take whatever timeframe, zoom it out completely and tell me what you see? Waves! And these we are trying to catch! And if a system is still able to make money in difficult situations then it's good enough for me Thanks anyway for the warning! Last edited by dxtrade; 09-13-2007 at 01:35 PM. Reason: addition
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09-13-2007, 02:01 PM
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Action
Look at the following chart which is a 5M.
For those who need more action You see 3 opportunities where after an arrow the nonlagdot turned red and the QQE crossed below to take some 10-40 pips. So even on a 5 minute chart this isn't too bad!
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09-13-2007, 03:33 PM
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Quick update
Just a quick update:
7 fake arrows saved so far. Dots still green and QQE still not crossed, but he's pretty high now. Price on R3 and close to 8/8 on Murray Math. Let's see how this develops! Last edited by dxtrade; 09-13-2007 at 03:35 PM. Reason: pic added
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09-13-2007, 03:55 PM
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Thanks for pic
so why would you need ZigZag including pointer when you will take position based on nonlagdot and QQE anyway ? It's just for good feeling when the arow finally stay red or green ? What is it tell you confirming trade entry with indicator that can make as much as 49 and even more false signals in a row ? It just doesn't make much sense to get every new high or low a new arrow telling me it's time for entry when it's actually not. We may do better by trading just from nonlagdot indicator alone getting more bang for the buck. I mentioned before, we don't have ZigZag Validity or ZigZag Trend indicator for MT4 yet and may never have at least to make it a lot more useful. I wish.
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