I passed on the that one, small candles, against daily trend and the TDI angle (at the time I posted this) could be better. Just my 2 cents.

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wish I could nap more, i'm off to work soon...

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time differences between the brokers, some compensate for British summer time.

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I see no valid 4hr trades at the moment, and with BigE's no trade Sunday rule (or early Monday as it is here in the UK) - i'm waiting until the next candle

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Hell Yeah!!

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Oyapoke - this has been answered by BigE, many many times please read the whole thread thanks.

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From the trade simulator its amazing how often when your in a trade it starts to retrace at the New York open. I'll certainly be following BigE's advice by closing out my 4HR trades at this time and switching to the 1HR charts.

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SL= Stop Loss I would strongly recommend going through the free training at babypips.com first before starting on this method (as checking the forex basics is a key part of the strategy)

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I've tested a few trades using both the sell open and buy open and the TP was hit on both and the trade was closed. I've only just started using the simulator myself so I'm no expert, you might be better off asking on the trade simulator thread I ...

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Also if your looking to get some 5 method practice in over the weekend try this: Trading Simulator: url

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Don't forget it you haven't got excel, you can download open office for free url - Seems a pretty good check list Dean, thanks for sharing

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I would never want to trade the 5 method with a robot, as I don't think they work in the long run. But would it be possible for a bright spark to code an alert that looked for a tdi cross at the correct angle and then checked stochs was in agreement ...

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BigE doesn't use Stochs for exiting decisions and your right outside the 20-80, stochs its useless anyway.

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guys/gals when your posting about your trades, please post your charts and mark you entries with a red line, it really helps everyone learn the system.

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You shouldn't need to add anything manually just copy the 5 method indicators into your MT4 experts\indicators folder and copy the 5 method template into the main MT4 template folder (not the template folder in the experts folder) - then restart MT4 ...

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theres more opportunities to trade counter, but its still really important. If I feel the higher timeframe trend is weak or showing signs of reversing I will trade counter. If you think about it we want our 4HR trades to go at least 3 candles, so if ...

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Yep be very cautious trading counter trend, thats a forex basic.

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Yes he does for confirmation of direction only, he looks for both to be pointing in the same direction and at a good angle

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stochs pointing the opposite direction to TDI on this one for me

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I missed this trade but your right if you took a quick glance at the daily you would say clear uptrend and perhaps pass on the trade. But if you look more closely on the daily chart the uptrend had started to flatten, and show signs reversing. Also ...

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