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renofaith replied Nov 23, 2016... your final question. There are thousands of indicators to tell you buy, sell, or walk. I have no signs that tell me any entry will trigger. I do follow FF. They have lots of forecast information, a calendar, and a host of other pieces of ...
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renofaith replied Nov 23, 2016Hello Toscano, Your stop on the EG appears to be perfect. The entry on the EG appears to be at the low of the previous red candle. I try to get in on the close of my trigger candle. On your EU chart, it appears as though you could have many entries. ...
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renofaith replied Nov 23, 2016Thank you for the kind words. I have strategies for smaller TF, I use on days off. I'm very happy with this strategy while I'm working. Glad to hear you're enjoying it. Thx again and Happy Thanksgiving Reno
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renofaith replied Nov 16, 2016The only targets I shoot for are entries and stops. Anything else would clutter the screen too much for me. Anyone trading the majors the last few days should be having a field day with this system.
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renofaith replied Nov 9, 2016If entry 3 is triggered, reverses, and stops you out, make sure you manually delete the remaining 3 entries. Thx Reno
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renofaith replied Nov 9, 2016I set 2 entries to begin with. No need to clutter my terminal. My cell alerts me with any stops. If setting 6 entries helps, make sure that all trades go bye bye if a stop loss is triggered. I set my alarm for every 4 hours (a few minutes prior) if ...
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renofaith replied Nov 9, 2016Still practicing my screenshot, please pardon me for any mistakes. 1. Yes, I'm cherry picking good trades, I will post losing trades soon. 2. Notice the red trend line. 3. Notice the divergence on the CCI. 4. Notice the nice fat pin bar. 5. Notice ...
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renofaith replied Nov 9, 2016Yes, Dreamliner. Thank you for the specifics, I appreciate that. A couple of things to add for the sake of being flexible, I plotted fractals for a few obvious reasons (we're visual creatures). I absolutely use fractals when I can, but only about ...
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renofaith replied Nov 9, 2016Thank you for commenting Dreamliner, on my 4H chart I set my initial entry with a stop about 5 pip away from a fractal bar or just a low/high of a most recent candle. I want plenty of wiggle room. If that value happens to be 32 pips, I'll purposely ...
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renofaith replied Nov 9, 2016Here's the shot of the minute chart of the EUR/USD. You may have to check your own charts on this one. I need practice on screenshots. I missed the trade, one would've netted 3R on this one. Thx Reno
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renofaith replied Nov 9, 2016Just to help out some of you trigger happy traders, this can traded on any timeframe. At 1526, you could've generated 3X your risk on the 1M chart. Of course, you would want to adjust your stop. Hope this helps. Reno
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renofaith replied Nov 9, 2016Absolutely, simply google forex CCI indicator. That should cover the history, creator, settings, use in trading, etc. Hope this helps. Reno
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renofaith replied Nov 9, 2016Any temptation can be eliminated with a trading constitution, read aloud daily. Unless you're interested in wasting your hard earned cash. Hope this helps- Reno
How to start like a pro? - afraid to open trades
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renofaith replied Nov 9, 2016... there's always the 5 or 15m chart. I would use a much smaller stop. Thx Reno
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renofaith replied Nov 9, 2016I chose C.C.I. because it's my favorite. It's most important me the price closing above the MA. You are likely very correct on the strongest entry claim. Put any twist on the indicator that works for you. I've traded pivot lines in the past, many ...
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renofaith replied Nov 8, 2016Couple of reasons I took the trade. First off, a 50 pip stop (plenty of breathing room). Secondly, a nice trend line I forgot to draw from the bottom heading up nicely to the right. Third, thank goodness there are two hours left on this candle ...
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renofaith replied Nov 8, 2016Thank you for your comment Chicago Rob. I believe most traders want a strategy with a high win rate, this is not one of them. If a trader were to back test this for a month using the majors and a few of the exotics, I think they would not only end ...
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renofaith replied Nov 8, 2016Thank you MichaelSch, I ended up trading the AUD/USD last night. I was up 2R, but according to my rules, I shut down at -.5R. Kinda crazy !! **You have to be willing to lose trades. **If --I-- am gonna let my 'winners' run, why not stack them ...
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renofaith replied Nov 6, 2016USD/CHF- if a trader were really gutsy (I'm not), one could nearly have doubled their account with a 5% initial risk. About 5 pips away! BTW, I'm finding on range bound days I'm able to get away with a BE close about 50% of the time. Trading this on ...
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