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Quote:
__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett. "Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki. |
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EXIT signal..........one of..........
Attached is an example of how to use the XO_method to exit the trade if everything else seems to tell you that the trade had run its course, naturally.
I draw a level ±1 in GREEN and then on top I overlay the level ±3 in RED. When the Stochastic turns (my latest setting thax to Harold4X is @ 15/5/5), you wait until the BAR hits the -3 level in this attached example before you quit. The reason being that if it changes colour to one level up/down, it may just be "retracing" and the trade may be strong enough to carry on. I take it that once it reaches level ±3, three timeframes have changed and one need to gets out. Hope it helps. Best wishes and good trading.
__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett. "Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki. |
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ValeoFX
I need to understand your Post 524. The GREEN and RED bar in the 4TF XO2 window is for exiting a position possibly. While the Stoch window is just used as a confirmation to the other indicators, is that correct? |
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To all:
I haven't been as active at the forum since I started working my regular day job again. I can't trade either the NY or the London market....what a shame! Anyhow, I do come and visit and look around. I will become more active when the rush is over and I can have some more time. I love this forum and all that happens here. Just because I haven't been around doesn't mean I'm not interested, I just don't have as much time as I used to. I kindly thank all the membership for the sharing and learning, the camaraderie. You are the reason this forum is so special. Yours, moneyline |
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Quote:
Best wishes, always.
__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett. "Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki. |
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Quote:
When the FULL colours change, apply what I had written in the post. Stochastic shows one of 2 things: either the position of the present cycle or divergence. In this instance the Sto. was going down and the signal came on XO, so you had to exit. Hope this helps. Best wishes.
__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett. "Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki. |
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New Xo believer
Hello, I have been following this thread with great intrest. I really like what I have seen this week. I have tried lots of ea's over the year in testing. Simply, I have yet to find something that is as consistent as a good manual trading system.
I have modified the catfx50 to what I find gives good results. Having said that I really like the xo-method. I find the tf5 suites my style. Get in with a good signal and out with a good exit signal. Hats off to everyone who has contributed and made it a good method. Just one thing. I have tried to enter some of the current settings into a template, but for what ever reason can not. Is it possible for someone to post a template that reflects the screen shot in post 524? I would really appreciate it. Thanks ever so much. Darren |
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LinkBack to this Thread: http://www.forex-tsd.com/xo-method/1920-xo-method.html
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| Posted By | For | Type | Date | |
| Áèíàðíûé àíàëèç. | This thread | Refback | 09-09-2008 11:44 AM | |
| Sistem berdasarkan 5min chart. JAMIN UNTUNG. - Page 6 - Nogold.com | This thread | Refback | 09-04-2008 09:52 AM | |
| Áèíàðíûé àíàëèç. | This thread | Refback | 03-05-2008 07:18 AM | |
| Áèíàðíûé àíàëèç. | This thread | Refback | 12-19-2007 09:03 PM | |
| Trading forum > Xo Méthode | This thread | Refback | 10-09-2007 07:30 AM | |
| Áèíàðíûé àíàëèç. | This thread | Refback | 08-27-2007 06:15 AM | |
| Forex Signal!!! Winning Solution....The best One to get..! - Page 69 - Talkgold HYIP, Investment & Money Forum | This thread | Refback | 08-09-2007 08:36 PM | |
| Forex Signal!!! Winning Solution....The best One to get..! - Page 69 - Talkgold HYIP, Investment & Money Forum | This thread | Refback | 08-02-2007 02:19 PM | |
| Áèíàðíûé àíàëèç. | This thread | Refback | 07-19-2007 01:40 AM | |
| Xo Méthode - Trading forum | This thread | Refback | 07-01-2007 11:48 AM | |
| Sistem berdasarkan 5min chart. JAMIN UNTUNG. - Page 6 - Nogold.com | This thread | Refback | 06-29-2007 06:46 PM | |
| Forex Signal!!! Winning Solution....The best One to get..! - Page 63 - Talkgold HYIP, Investment & Money Forum | This thread | Refback | 06-25-2007 10:02 PM | |
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