To be honest, I am not sure on GU either as 360 pips range bar on 4hr chart still shows that the pair is managing higher highs. Agree that any insights would be greatly appreciated. Re. GBPAUD, I totally agree with you. Although it is not a textbook ...

A,B,C,D - 1,2,3,4 System

Possible Trade Setup — There is a trade setup on GU chart though 4hr bar is still in action. Any comments? Thanks

A,B,C,D - 1,2,3,4 System

Dra, I have following TLs on daily AUDUSD chart. You say market is just below a down TL on daily. Which trendline you mean, can you please show it? Thanks,

A,B,C,D - 1,2,3,4 System

AUDNZD — I have following chart for audnzd, can you please have a look Naija and tell me your opinion re. trendlines? Yellow uptrendline is from weekly time frame. Thanks

A,B,C,D - 1,2,3,4 System

I want to follow one of the currencies on my laptop. When I attach GUBreakout on my chart, MT4 is automatically closed by Vista. It is working OK with XP. After reading following post, I believe it is a problem caused by Vista. Can anyone with ...

Tkpower8 ATM

Thanks for the info, appreciate it.

A,B,C,D - 1,2,3,4 System

A couple of things I'd like to point out re. EURUSD weekly chart: 1- I have Steve Nison's book in front of me and also checked sevreal websites and all insist Morning Star is a three-candle pattern. The one EURUSD weekly chart is a modified MS with ...

A,B,C,D - 1,2,3,4 System

I have a question. If you look at following NZDUSD-4hr chart, there are two uptrend lines. I know you don't like crossing trendlines (we can take only one of them, doesn't matter for my question) and I am also aware that NZDUSD is still in downtrend ...

A,B,C,D - 1,2,3,4 System

Thanks Soyabean for reminding using higher time frame charts firstly. I was checking daily time frame first considering that would be sufficient to spot longer term trendlines, I'll start from weeklies from now on. Appreciate your help.

A,B,C,D - 1,2,3,4 System

USDCHF — Hi Everyone, I believe current USDCHF chart is worth looking at. First chart is daily and second one is 4hr. Although inner trendline is broken downside, outer trendline connecting 7/15/2008 and 9/22/2008 lows is still very much ...

A,B,C,D - 1,2,3,4 System

There is no problem. I just wanted to confirm if the profit target is 200 pips or $2 for 0.01 trade size, and it seems damonl or smjones is the one who can confirm this. Thanks for your reply.

Long Term Forex Growth Strategy

There is something I don't understand how EA is working. The rule says "Close all open trades when you have reached a value of 200 pips in profit combined from all open trades and then start a new cycle." As far as I know, 0.01 lot (as a recommended ...

Long Term Forex Growth Strategy

Thanks for the reply. It seems it is better to switch to IBFX than trying to solve this extra digit problem as I have no programming experience at all.

Long Term Forex Growth Strategy

EA problem with 6-digit quotations — I am using Alpari UK and GJ price has 6 digits like 136.851. When the low of a sell signal bar is, for example, 136.851, the EA Smjones created puts sell stop order @ 136.850 whereas it should be 136.841. ...

Long Term Forex Growth Strategy

00:00 and 04:00 trades are not valid as ES indicated. The valid one is 08:00, after the close of the first two bars.

Trading system using relative strength

Please be aware that $30 stoploss equals 300 pips with 0.01 contract (or 1000 units at Oanda), not 3000 pips as ES indicated. A minimum 1000 pips stoploss is a must if someone opens a position with 10-15 pairs, IMHO. Because, on Friday, my demo ...

Trading system using relative strength

post #344

Trading system using relative strength

I did before posting and I am aware of the gaps for Sunday opening, therefore I won't trade according to Friday's close data, appreciate your advice. When I saw we have different readings with Rick on that post, I just wanted to confirm Friday's ...

Trading system using relative strength

As of Friday's close, I have following readings at Alpari UK: Strong Currencies : USD, GBP, NZD Weak Currencies : EUR, CAD, JPY, CHF, AUD ES, can you please confrim if this is correct as you are using Alpari UK demo. Thanks.

Trading system using relative strength

If you are long on GBPUSD, that means you will also long on some other GBP pairs against weak currencies, because GBP is strengthening. So as you indicated, you may compensate this losing position with other GBP longs. That's why trading all ...

Trading system using relative strength