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Thread: Starting with $50

  1. #21
    Quote Originally Posted by ;
    Is it possible to send my questions through email? I just want to know whether my indiors' installation according to your instructions is accurate. I want to send you a few screen shots.

    Thank you ahead of
    Sorry to get back together with you late but only check at night after everyone goes to bed.

    Ask whatever you need. There is a lot of things to know in this particular game, if I could be just 1 person that assists you to get 1 step further then directly on.

  2. #22
    Quote Originally Posted by ;
    1) FiboPiv_v2 (which is a combination of Fibonacci's and pivot point)?? Something you made or an available indior?
    2) From where to where did you draw your fibs?

    Thank you
    Montana is amazing. And no, however I did do a lot of reading on that thread.

    Concerning the FiboPiv_v2. . .it's an EA readily available. I want to add that to my very first post so anybody who wants it can get it.

    I draw my Fib lines generally never more than 10 days back. In this case, the high of Aug 5th along with the reduced of Aug 10th.

  3. #23
    Quote Originally Posted by ;
    Sorry to get back together with you so late but just check at night after everyone goes to bed.

    Ask anything you need. There is a lot of things to know in this particular game, if I could be only one person that helps you get one step further then directly on.
    There's nothing to be concerned about. People today will need to rest also.You are placing the Fibonacci retracements according to the swing highs and highs of the past 10 days. Right? From the Fibo properties, are you tweaking the Fibo amounts or you simply leave them as they are? From the parameters, are you ticking the Ray?
    I am attaching a .zip file together with my indiors setup.
    Please, let me know if everything is fine.

    Thank you and sorry for the noob questions.
    https://forexintuitive.com/attachmen...1063897338.zip

  4. #24
    Quote Originally Posted by ;
    Montana is beautiful. And no, but I did do a lot of reading on that thread.

    About the FiboPiv_v2. . .it's an EA easily available. I need to add that to my very first article so anybody who wants it can have it.

    I draw my Fib lines generally never more than 10 weeks back. In cases like this, the high of Aug 5th along with the reduced of Aug 10th.
    Yes it is, I really like that state. I studied with the gang for a while. Great folks.

    Thank you for the info.

  5. #25
    Quote Originally Posted by ;
    Alright, so I was stopped out a couple of hours ago. We'll try it again. This time I will be cautious about the transaction itself.


    Pending Buy Stop

    Pair: NZDUSD

    Going LONG

    Entry = .81850. . .exit = .82350

    No Stop reduction this time



    Why am I taking this transaction?

    The 4 hr chart shows two positive reasons. The first is that the daily station indior and the four hr station indior have lined up in a bullish direction. The next reason is the 5,5,5 Stochastics turning and is oversold.

    We...
    It is a great thread and an impressive win rate in the Trade Explorer. In this post you say that you don't have any stop loss but I am guessing you would shut this manually if drawdown were excessive? What sort of% are you going to allow?

  6. #26
    NZDUSD


    I just shut that commerce after waking up since the channel has shifted from up to down. This usually means the trend now has a downward momentum. . .probably.

    Normally I would NOT depart this transaction so early since the Stochastics are setting up beautifully. The problem is that I will' sit here and babysit it since I must leave the computer and go handle a small company.

    It's good enough for today though as I recuperate some of this reduction from hitting that stinkin Stop Loss last night.

  7. #27
    Seems like I got from NZDUSD in just enough time before it pulled back.

    Anyway, I'm back and it's on to another one! I do like trading over 1 pair since it isn't so restrictive.

    I simply put in a pending order for a transaction I think will be quite good today. . .GBPUSD. . .you should take a look at that one. It will not be a homerun but a nice reversal of current tendency. Here's my order:


    Pending Buy Stop

    Entrance = 1.60600. . .just at today's Support 3 level on the FiboPiv indior

    Exit = 1.61195. . .just at the Support 1 level of this FiboPiv indior


    The current 4 hr chart indies the Daily channel UP but the 4 hr channel DOWN. . .that signifies not a super strong reversal will occur BUT the price is trading at the base of that 4 hr channel along with the 5,5,5 Stochastics is turning from its oversold condition.

    It might drop more to hit a strong demand amount, and if it does, then I will correct my entry price accordingly. What would indie a further drop? On the 4 hr chart the 21,5,5 Stochastics shows more space to collapse - that I don't rely on that indior for the 4 hr chart but I do respect it. This means GBPUSD may be in a little pullback on it's way down farther to the 1.6006 range.

    That is why I have my pending buy order so much higher than where it's currently trading, so it'll be a genuine reversal if it occurs.


  8. #28
    On the current pending commerce of GBPUSD I have changed the exit to .61750 which is today's Resistance 3 level of the FiboPiv indior.

    It also is the initial level of Supply from the Demand level. . .pretty cool. The 5,5,5 Stochastics (on the 4 hr chart) is just turning upwards from it's oversold condition.

    Only problem I see is that the channels are not in harmony. Daily is bullish and 4 hr is bearish. Since this is bouncing off the bottom of the 4 hr chart I'm okay with the transaction.

    Here's the chart and new exit...

  9. #29
    Okay so GBPUSD never materialized and a better transaction came along...

    EURAUD


    pending Buy Cease


    Entrance = 1.27025

    Exit = 1.27925

    4 hr chart reveals both station bullish and price is/should be coming off the four hr channel. My pending order must happen because I can't maintain my eyeballs open. . .time to crash!


  10. #30
    In the FOREX arena there is a really fine line between complete failure and enormous success. One is very, very fruing and another is business.

    That being said, the last 7 to 10 days have been the darkest period of my little Currency Market career. I've discovered the secret to failure and also the secret to complete success.

    There are just two crucial keys to achievement. The first, you must loe a winning egy or method. Be careful about trying to find a system since there are about 5 TRILLION distinct ones and this is where the confusion stems from.

    The next, you must become closed minded. If you don't do that second part about getting closed minded, you will do what I did and also detract from the successful method. It initially begins by experimenting with your particular method and then evolving to some stupid crap method which then leads to down right confusion culminating in a depreciating/blown account.

    So I guess from now on, stands for a single closedminded dude.

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