I'm still not too sure of your entries. Are you now not looking at the 5 min DeMarker at all? Or the maturity of the bend?
The four hour Demarker was used in this last decision. I am looking at the 4 hr and the Daily CR for agreement...I find the longer timeframes and reasonable maturity in the bends safer. I no longer use 5 minute charts for anything...as I need less trades & bigger targets. I may use the 15 minute charts for negative differential directions/decisions... Also now hedging decisions may affect entries also...(urgency for hedges are maintainence stops and not necessarily related to signals) Michael B.
so is it safe to assume that a trade takes place if: 1. DeMarker < 0.05 or > 0.95 on the 4HR 2. Take trade in the direction of CR if Daily and 4Hr agree. 3. ?
Well dotted line breaches at 0.30 and 0.70 can be the first scale in's also...especially in a virgin. With Oanda's unit size trade increment possibilities, numerous scale in and outs can take place...full time traders can also utilize rjb's murray math multiple DeMarker levels...I do not have the time to manage that... The London open is soon and I did not wait for the second solid line DeMarker breach. It was near enough, as I already had 50 pips to average up into...and I will sleep tonight and wanted to suck the target up closer... Also, The 4 hr. is giving the Hi CR line together with a short agreement with Daily. I gave it a confidence of 3 as I did not get the "full breach" of the 4hr. DeMarker... All of this is a test...and I am open for criticism and suggestions...most excellent feedback is welcomed with open arms...The time is ripe, as the seriousness is nearing, as we get into the new thread... I will share my "thinking" in the commentary of the trade alerts as much as I can...there are mutiple "event-driven" incidents for decision making and my discretion is difficult to "can" and teach...also I depend on you guys for critique and suggestions...or I just keep going & going...like a Duracell battery TheCopperTOPSavant
Important, but not frequent. Also now hedging decisions may affect entries also...(urgency for hedges are maintainence stops and not necessarily related to signals)
just wanted some folks to note that the EUR/AUD is now down to respectable levels...there would have been no margin call. This is trading...welcome to the jungle...(Axel's voice)
yeah, I had a DEMO short on EURAUD and a DEMO long AUDJPY. Just learning the ins and outs and language of Fx trading. Best way to do it is jump in. MT4 is really nice and if I could get a reputable broker attached to MT4, I'm in.
fifo... your doing fine...hang in there...you struggling with black and white to define, I understand. it's not like your a newbie or anything like that... find your breach! follow the curves!... focus, make your plan There is an incredible amount of information to digest...and I honestly do not have the answers...just focus & put your finger to the curve and go...make things up as you go...mm had it right when he said keep changing, until you find your way... THIS IS NEW GROUND, FOR ALL OF US. CurviMentoringSavant