Yes, I understand. Would have preferred to enter near the edges of the band. One reason is my time-zone, the other is not having the patience to wait. Will look at yen pairs for the Asian session and will begin using pending orders. While waiting ...

Price Action in Day Trading by Dadas

Many thanks for the new Body AtR Levels Indicator. Have been working on a routine way to apply it. As an example, have applied the HiLo Bar script to a recent H4 candle. Looking for entry on H1 and used the Body ATR to set Tp. Hope, I've got it ...

Price Action in Day Trading by Dadas

Its been great to study recent enhancements to trading the Pteczs. Have created an index to track the key posts and been practicing with the HiLo bar script. Not sure how others delete and cleanup old scripts and wanted to ask about it. Instead I ...

Price Action in Day Trading by Dadas

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How far down do you think the Pound is going? -Daily Chart

Its Friday and not much happening, so an opportunity to practice my analysis. Something I found very useful in selecting areas of supply and demand was to look for levels where price did not linger and rapidly moved away. Red areas on the weekly ...

How far down do you think the Pound is going? -Daily Chart

For any long, I'd look for supply zones on W1, D1 and lower Tfs, but do not wish to confuse that with TDI/Stoch being discussed here. Perhaps, scalp type trades on 5M as described by rotunda above might work well.

TDI and Stochastic strategy

It also helps to be aware of the big picture. Here is AU monthly chart. Clearly shows the duration of the moves on the pair. image

TDI and Stochastic strategy

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TDI and Stochastic strategy

Actually this may be the key. Those candles probably distort the TDI causing a signal which should have been ignored. Will need to study some more charts to confirm that.

TDI and Stochastic strategy

Not sure what is the right drink, but to me its obviously not helping. Something is definitely not right when a TDI Long signal appears in the middle of >350 pip downtrend and yet no TDI/Stoch Short cross occurs. I can understand the motivation to ...

TDI and Stochastic strategy

Easier still is just go the MT4 directory and check the logs folder. Just delete the file and check again when a new one is created before it gets too large.

The similarity system

Did you set Alert On to 'True'? Also check this: url

TDI and Stochastic strategy

Try the attached. file

TDI and Stochastic strategy

Exactly. With current price (CP) hovering above 1.3200, it adds to the likelihood of an Up day! dp

The similarity system

Here is a chart saved a few days ago when attention was focussed on worm holes and certain price levels. The significance of BRNs should be obvious at the CP. image

The similarity system

Good talk! Thanks.

Price Action in Day Trading by Dadas

So much going on here, its hard keeping up! Was attracted to this and have taken the liberty of using 1ema to flag swings outside the BBs, with confirmation by the 1ema Stoch. image Looks promising, but still results in multiple signals.

The similarity system

Uncanny!

The similarity system

You must realise that price will not travel to the target in a straight line. It will bounce around for hours which will mean you need to sustain large drawdowns. For small accounts you are better off closing small trades in direction determined by ...

The similarity system

Oh...sorry.. missed that!

The similarity system