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shellsnail replied Nov 23, 2013here's some interesting ones
Why Simple is better in trading and Complex is not
- shellsnail replied Nov 23, 2013
1) Fib extension 2) Trigger is PRICE = Fib + sharp/fast movement (the lower the TF, the scarier it should feel - as if the market is cracking but fret not it's a fakeout/ stopsweep/ liquidity hunt) 3) Stop is extreme (for safety) and dynamic exits ...
Why Simple is better in trading and Complex is not
- shellsnail replied Nov 23, 2013
In this case, If price closes above 138.2 by X pips, set TP at Break-even. If you must have it, SL at previous high, but it will never be hit if you take the chance to get out at break-even on a retrace - which will happen almost all the time ...
Why Simple is better in trading and Complex is not
- shellsnail replied Nov 23, 2013
In the larger/macro scheme of things (following the big boys): Buying oversold/low when prices have historically been going up; selling overbought/high when prices have historically been going down; and getting out when said history changes, or when ...
Why Simple is better in trading and Complex is not
- shellsnail replied Nov 23, 2013
No, you clearly didn't read my post... And I am not "following" anyone. I am just saying what I think ought to be said. This EAs has its merits, it's just that using it to trade COUNTER TREND trying to catch top and bottom without predefined exits ...
Sell a working Expert Advisor
- shellsnail commented Nov 23, 2013
When will people start perhaps considering playing this for a break-out?
Most signs point to market decline
- shellsnail commented Nov 23, 2013
When you take a financial loss, it can be argued that you actually gain in terms of welfare because the expected value of holding on to the loss < taking the loss. In other words, everytime a trade is a made, total welfare increases. That's a ...
ECB can take further action if necessary: board member Asmussen
- shellsnail commented Nov 23, 2013
Well it depends on how you define trend within your trading system.. But I think if this is a significant trend change on weekly/monthly we will likely see some consolidation on the daily charts, i.e. ranging in the 1.37 and 1.33 zone for a couple ...
ECB can take further action if necessary: board member Asmussen
- shellsnail commented Nov 23, 2013
Perhaps this...? url maybe companies in china are expanding to euro market so procuring euro big time. or they are diversifying their reserves away from USD? haha.. I mean if the largest buyer of US debt starts dumping it and substituting it with ...
ECB can take further action if necessary: board member Asmussen
- shellsnail replied Nov 23, 2013
So you use opening prices of doji, inside bars and pinbars to set limit orders?
Why Simple is better in trading and Complex is not
- shellsnail replied Nov 23, 2013
Haha... I have barely even started trading with this EA live yet. Going to do so next week. I am not using the strategy prescribed by the TS if you are wondering. So I haven't taken a single loss on this EA yet if you were wondering (made a couple ...
Sell a working Expert Advisor
- shellsnail commented Nov 23, 2013
This just proves that even ECB can't influence the market without taking actual action...
ECB can take further action if necessary: board member Asmussen
- shellsnail replied Nov 22, 2013
Well, my view is that the EA is doing precisely what it is programmed to do. I'm saying it's good because I think there's no better way to trade say 7-8 pairs and minimise time spent on the trading desk while getting decently good entries spread out ...
Sell a working Expert Advisor
- shellsnail replied Nov 22, 2013
Yeah i don't think setting it once and for all is viable. I removed my trade explorer has nothing to do with the EA.. The EA wasn't fully working for my broker so I was testing it for the last few weeks and baoky nicely sorted out the issues for me. ...
Sell a working Expert Advisor
- shellsnail replied Nov 22, 2013
Honestly, i still think it's a good EA to aid a trader, hoping more functions will be added to make it even better. After all it's only a tool and the trader decides when and how to use it. if it is used to catch counter-trend trades then either you ...
Sell a working Expert Advisor
- shellsnail commented Nov 19, 2013
lol funny everyone is going short when price action is screaming up. euro may hit 1.375-1.38 soon given this action. nothing is impossible in the markets... We just closed a 4H bar above the previous swing high, and we are crossing 240MA (monthly ...
ECB's Constancio says QE is a possibility, but has not been discussed in any detail
- shellsnail replied Nov 19, 2013
So you're counting the triangle as a b-wave rather than a whole wave 4?
USD/JPY Discussion
- shellsnail replied Nov 18, 2013
Interesting, Nikkei and all JPY pairs might complete an EVENING STAR pattern on the daily charts! These are strong reversal patterns, especially when at significant highs. These are really rare but there was a gap up yesterday, and price closed as a ...
USD/JPY Discussion
- shellsnail commented Nov 18, 2013
We did get a huge bull spike recently on the S&P and pairs like EJ. Perhaps someone has stopped the music.
Carl Icahn: "very cautious on equities, market could easily have a big drop"