As I have explained in post 68, I don't use ATR, I use absolute close differences of 5 minute bars... Previous day OHLC has nothing to do with this method... Good luck....

Random Walk (The unbeatable!)

Sorry forexcentric, I have missed that post. Thanks for reminding. The method of calculation that I use is a very simple one actually. In a day we have 288 of 5 minute bars. In a week we have 1400 of 5 minute bars. So I calculate the absolute ...

Random Walk (The unbeatable!)

No problem at all. Glad the problem is solved.... Happy hunting n good luck...

Random Walk (The unbeatable!)

I have 5 digits with my broker too, but no problems.. Try this: First open the daily chart of the pair, thank go through every time frames (4hr, 1hr down to 1 minute) than return to 5 minutes and attach the indicator pls. See if this solves the ...

Random Walk (The unbeatable!)

You're welcome Allthings... Actually these levels makes it easier to feel the market (at least for me). When I watch the price action, I pay close attention to which levels are holding.. That gives me a feeling of the daily intentions. This is not ...

Random Walk (The unbeatable!)

You're welcome aaven. I hope they are beneficial to you.... Good luck....

Random Walk (The unbeatable!)

Make sure you have at least 1500 of the 5 minute bars on chart.

Random Walk (The unbeatable!)

Great start, congrats Cobra. But I will assure you not every trade is gonna be like this. So always be selective. One more thing, your Fibs are drawn the other way around. You should draw the Fibs in such a way that Fib100 matches D1Res0, Fib0 ...

Random Walk (The unbeatable!)

Up to you. Either accept them as valid, or use the new D1Res0 and D1Sup0 if they look more adventageous.

Random Walk (The unbeatable!)

I totally agree on the confluence part but I don't know how supply/demand is figured out. So I will leave that to you

Random Walk (The unbeatable!)

Yes that is the correct open for the day. You should only decide on one direction. Either sell at 78 or buy at 23, not both on the same day. It is a one shot deal. If you get stopped out, no more trading these levels for the day. Whether you decide ...

Random Walk (The unbeatable!)

Long trades exit at D1Res0, short trades exit at D1Sup0, if these levels are not hit, you can close at the end of the day or wait for the next day if the swap is in your favor..

Random Walk (The unbeatable!)

Welcome Darryl, have a good one....

Random Walk (The unbeatable!)

If your assessment of the market was short, than you could have taken no short trade for the day. If your assessment of the pair was long you would have taken the long trade which would have end up in a loss...

Random Walk (The unbeatable!)

Yes diamonddbw, your setup is perfect....

Random Walk (The unbeatable!)

Hello diamonddbw, The Fibs I have put are not time dependent. If you read the first post, the Fibs are supposed to be put starting from D1Res0 line towards D1Sup0 line. So as a result D1Res0 becomes Fib 100, D1Sup0 becomes Fib 0, and daily open ...

Random Walk (The unbeatable!)

Thanks for your comments aaven. Figuring out the trend is not a must really. If you know it, than it is much better of course. This random walk indicator calculates the possible levels that price could hit during the day. It calculates this using ...

Random Walk (The unbeatable!)

Never. It is either a loss or a win. When you move your SL you are making the probability of price hitting your SL higher. So I personally never move my SL. You can consider moving your SL to BE when the price reaches 78 when long, 23 when short, ...

Random Walk (The unbeatable!)

It is used by the RW-SupportResistanceALL.ex4 indicator. ATR-Close is not used by itself. I have realized that you attached the RW-SupportResistanceALL.ex4 indicator on 1 Hr chart. It is supposed to be attached on 5 minute chart. Good Luck..

Random Walk (The unbeatable!)