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- 389 Results (10 Threads, 379 Replies)
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steinitz replied Mar 1, 2007No its not. This indicator is confusing once you are used to traditional Japanese candlestick charting. The high wicks are indications of reversals if the body is short as well. wick:body ratio in favor of wick length = less volatility. So what do ...
HAS Indicator - Misc indicators & EA's
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steinitz replied Mar 1, 2007attached screen shot of prediction — Attached is the image from last night when I posted this prediction. No big deal just a winning trade. There was a moment that the trade had a pause indicated by the blue bar and no other longer TF to ...
HAS Indicator - Misc indicators & EA's
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steinitz replied Mar 1, 2007Yes. I have done all my back & fwd testing on close of candles. Of course nothing is in stone here. If you wish to add some finesse to entries and exits by all means there is some room for art and science. If you want a mechanical approach just wait ...
HAS Indicator - Misc indicators & EA's
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steinitz replied Mar 1, 2007This is the trade last night — Attached is the image from last night when I posted this prediction. No big deal just a winning trade. Ther was a moment that
HAS Indicator - Misc indicators & EA's
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steinitz replied Mar 1, 2007Prediction last night made $$$$$$ — image Yesterday, 10:29pm image Thank you. FYI the EURO fell about 6-7 PIP since my last post. I'm going to bed. I'll talk to you guys later and if you have any questions I will look them over tomorrow. ...
HAS Indicator - Misc indicators & EA's
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steinitz replied Mar 1, 2007You enter on the CLOSE of the 30M candle. This way you are dedicated to watching a new TF and will exit on that 30M if you see an immediate change in candle formations wick:body ratio or hint of color change or both. Any TF works. 1M 5M 15M no ...
HAS Indicator - Misc indicators & EA's
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steinitz replied Mar 1, 2007Another example — I am posting this next example to show you when things go wrong. This is what will happen the majority of times and how to handle them. This indicator will keep you in the trade which is the most impressive aspect of this ...
HAS Indicator - Misc indicators & EA's
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steinitz replied Mar 1, 2007Better images — Here is an attachment of the last post with better images. This is a 1hr, 4hr and 1day trade timeframe.
HAS Indicator - Misc indicators & EA's
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steinitz replied Mar 1, 2007Example — Here is an example of a 3 TF trade that wasn't as easy to see from the beginning in terms of confirmation on all 3 TF's at once. But make no mistake it is a vailid 2 TF entry and you can exit on the 2nd TF when you see a hint of ...
HAS Indicator - Misc indicators & EA's
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steinitz replied Mar 1, 20071.Yes you have. Always exit on the longer TF. You can sometimes exit on a 3rd longer TF as long as the longest TF HAS/IS trending the desired direction. Two TF's are the usual.... 2. I don't use a stop since I am using the color and body of candles ...
HAS Indicator - Misc indicators & EA's
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steinitz replied Mar 1, 2007Thank you. FYI the EURO fell about 6-7 PIP since my last post. I'm going to bed. I'll talk to you guys later and if you have any questions I will look them over tomorrow. Good trading and remember the "Secret"......
HAS Indicator - Misc indicators & EA's
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steinitz replied Mar 1, 2007Jim I don't know anything about the 12 EMA. If you want a deeper analysis of this method you can look up an earlier post with the link. The program is actually a little complicated and that comes from my observation only. I have programmed in other ...
HAS Indicator - Misc indicators & EA's
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steinitz replied Mar 1, 2007I agree. Multiple timeframes is a must for any strategy. At least 2 TF's and maybe 3 for better entry and success.
HAS Indicator - Misc indicators & EA's
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steinitz replied Mar 1, 2007On your 1st post I can't see the chart up close enough but if you get a reversing color on the TF that you are hoping to stay with (typically the longer one) before you exit look at one more TF longer to see if it tells you to stay in. 1-3 TF 's are ...
HAS Indicator - Misc indicators & EA's
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steinitz replied Feb 28, 2007No I don't. You don't need to. Forget about Bollinger bands, RSI, etc . I have tried all those indictors and the number one reason for failure in my honest opinion is WHIPSAWS and fear! This indictor is remarkable in giving a simple color picture of ...
HAS Indicator - Misc indicators & EA's
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steinitz replied Feb 28, 2007Basically you take the shortest TF and when you see a change in color from red to blue go long. However, not so fast buddy boy. You must look at the next TF that is double the previous i.e 15M to enter so you look at the 30M. If the 30M is not ALSO ...
HAS Indicator - Misc indicators & EA's
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steinitz replied Feb 28, 2007Dude! I am on cloud 9. I don't even need to take a loratab today for the buzz.
I have read that article already and the author also has issues with the wick heights. It's funny how the Chinese invented candlesticks which I feel are excellent and ...HAS Indicator - Misc indicators & EA's
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steinitz replied Feb 28, 2007Nice set-up — I forgot to mention. I did not change the red arrow in all three timeframes; 30M, 1H and 4H. Also, this indictor does not re-paint.
HAS Indicator - Misc indicators & EA's
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steinitz replied Feb 28, 2007Another nice set-up — The cable/yen pair tanked over 500 PIPS in (18 ) 4 hour bars or 72 hours. If anybody out there has anything negative to say about this indicator then I dare you to show me ANYTHING else that beats this. I was going to ...
HAS Indicator - Misc indicators & EA's