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forexmoments replied Jun 19, 2008It means that if the PSAR is below the candle, then the candle must be green. If the PSAR is above the candle, then the candle needs to be red. You only enter when you see the first PSAR dot. You can't enter after 3/4 dots have appeared. S/R levels ...
AshFX Daily
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forexmoments replied Jun 19, 2008Exactly dude. I prefer price action to determine my SL and TP. Using fixed stops and tp's are way too rigid. Not saying they don't work, but price action rules. Maybe some systems suit fixed SL/TP, (e.g. scalping systems), but mine definitely ...
AshFX Daily
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forexmoments replied Jun 18, 2008Officially, yes it matters - the candle must be bullish if entering a long, and the candle must be bearish if entering a short. I continually endeavour to test this system with differing variations, and it's clear that there can be advantageous ...
AshFX Daily
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forexmoments replied Jun 18, 2008Hey dude, I've not really tested the EA. But personally, I prefer to enter manually.
AshFX Daily
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forexmoments replied Jun 18, 2008For my signals I use FXDD. For my trading I have different accounts at different brokers. I mainly use IBFX and MBTrading. My advice to you is never place all your eggs in one basket. (That also includes trading systems!).
AshFX Daily
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forexmoments replied Jun 18, 2008I wasn't focussing on this pair, but yes, it would have been a valid setup if it was on FXDD. However, the trade isn't over yet, because the SL should be at the swing low, since it was a SS Trade.
AshFX Daily
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forexmoments replied Jun 18, 2008Yes, you're right, that was a valid long produced by the system, but I personally didn't take it. Reason? Look at the pic below. There was a relatively strong resistance at that point. Taking that trade in my opinion would be folly.
AshFX Daily
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forexmoments replied Jun 18, 2008I don't see that on my FXDD platform, but for all intents and purposes, yes, that is a long. Wait till candle closes.
AshFX Daily
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forexmoments replied Jun 18, 2008Hi, the candle HAS to be compliant when the first PSAR dot appears.
AshFX Daily
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forexmoments replied Jun 18, 2008What this means is, it doesn't matter which order the AO or AC or Stochs line up... So either AO can come before AC, or vice versa, or AC can come before Stochs or vice versa, or AO can come before Stochs or vice versa. It doesn't matter. But as ...
AshFX Daily
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forexmoments replied Jun 18, 2008I spoke to them a few months ago and they told me they'd be ready by Summer at the latest. I highly doubt it to be honest.
FXCM Discussion
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forexmoments replied Jun 18, 2008All I'm saying is, I'm still long on GBP/JPY, so it better keep rising!
Auslanco - GBP/JPY and GBP/USD (newstrade)
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forexmoments replied Jun 18, 2008P.S. If you had taken the previous trade on NZD/USD, you would have also made another killing.
AshFX Daily
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forexmoments replied Jun 18, 2008Thanks Tonny. PSAR does not repaint. Obviously the signal will adjust DURING candle formation, but once the candle has closed, it stays put. And since we only enter on the close of a candle (i.e. start of a new candle), then for our purposes it's ...
AshFX Daily
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forexmoments replied Jun 18, 2008By the way guys, last night I closed my NZD/USD short, because the AO closed as green. The system made 371 pips. Check it out:
AshFX Daily