i`m newbi for HGI and have study the HGI system with 4 h TF but i have a question , i have read in the original pdf instruction this:
Large arrows: RED ARROW pointing down is a downtrend signal. You enter the trade as soon as possible and follow it down until you want to take profit
so is it meant open trade immediately after the large arrow appears or on the NEXT opened candle ???
thanks for help
regards
begu
Why would you wait until the next candle? That is 4 Hours later???
hello bob
why? i have seen today on 4 hr TF the large arrow, after i go into the trade the price returned and the arrow disappaered and price went in the opposite direction , i closed the trade with loss of 45 pips but was demo
Got short on the trend arrow/blue wavy combo on GBPJPY 4H around 10 hours ago. Recently got a conflicting green range arrow on the H1 but decided that the 4H signal still over ruled it.
Shooting downwards now.
Sell stop also got taken on USDJPY on a rad at just below 118. Let's see how that pans out.
parkhead » Tue Jan 13, 2015 1:03 am wrote:Got short on the trend arrow/blue wavy combo on GBPJPY 4H around 10 hours ago. Recently got a conflicting green range arrow on the H1 but decided that the 4H signal still over ruled it.
Shooting downwards now.
Sell stop also got taken on USDJPY on a rad at just below 118. Let's see how that pans out.
Same, riding gbpjpy short same as cadjpy.
Got the HGB ea managing my trades while I sleep now, 50 pip BE and 70% close, with a profit stop at 15 pips after that.
Firstly, again my deepest thanks to Bob and the coders that put this together, it can really be life changing if understood and applied correctly.
Onto my first (for now) question:
It relates to the placing of SL based on the signals given by the indicator. As explained on page 29 of Bob's manual, point 7a. relays that your SL is placed at the bottom or top of arrows or wavy lines. Am I correct in assuming that this refers only to the large trend arrows and not the small rad or range arrows? If this is indeed the case, where would we place the SL when setting a pending according to a rad arrow? Using the opposite side of the rad arrow would seem very tight to me...(I am not using the range signals yet, I want to become proficient in using the other signals first). So, anyone care to throw a bone?
H - I believe you are correct in your reading of the manual. As far as SL for RAD goes it is up to your discretion as to where you put the SL. I do not use SL and based on my reading of the thread a lot of
traders are not using it. So whatever you are comfortable with.
Tom
H - I believe you are correct in your reading of the manual. As far as SL for RAD goes it is up to your discretion as to where you put the SL. I do not use SL and based on my reading of the thread a lot of
traders are not using it. So whatever you are comfortable with.
Tom
Thanks for the reply Tom, it's nice to have confirmation.
Have you tried stacking entries with trend trades? I'm quickly becoming a fan of stacking entries. Instead of 80 or 100 target price stacking with entry every 20 and exit 30pips
