10.4 A Complete System

[TraderDesk]

I have made a big mistake, I got it all wrong. I need to watch the weather reports before I trade.

Chicago PMI Plummets By Most In Over 4 Years; Weather Blamed

I guess I should take out insurance on weather events to hedge my trading...

[Pedigree]

When do Yoe be your trades? When how many pips + and how far away do you set your SL or really at be?

With but rare exceptions, the London session gives the greatest liquidity day in day out for all the pairs. I believe that from the end of this session till about mid way through the next Asian, the market gives hints of what its intentions are for the coming day.

Bearing this in mind, I take the hints it offers by the London open and use them to enter at about this time. My aim is to TP by end of London again, so that I give room once more for more hints from the market for the following day. I believe I recall Bob sometime ago saying to take whatever is on the table at about this time. So, once this time limit is approaching, if I'm in a sell, I look for a W in M15 and exit at the start of its second arm. And the converse for a buy.

The only time I stay in beyond this limit (and this could be for several days some times) is when a trade is losing or it has not yielded a minimum required (or is it desired!) profit.

The options are endless; you have to look closely and decide which of them you are most comfortable with.

[nanningbob]

That's exactly my point, for some strange reason it doesn't apply to fxprimus.

I play 1:100 swap for uj is -0.15
I play 1:500 swap is still -0.15

Or are you saying that if I play 1 lot vs 2 lots, the swap for 2 lots is more?

Sorry I.m kinda lost..

That is obvious, if you cant understand that the higher the leverage the more money you are borrowing thereby increasing your costs on a trade then there is nothing I can do. I cant explain it any better than that.

[Pedigree]

An indi that displays coming forex news release times in a small box at the top left hand corner of the screen was uploaded by someone somewhere recently. Very nifty tool, but I ignored it at the time because I already have 2 news alerters. I would be grateful if anyone knows this indi and can point me to it.

The 2 news alerters I use draw their data from FF, and whilst the site was down (for well over 12 hours), the Empty4 profiles in which these alerters are sitting will not open! I am looking for a news release indi (with or without alerts) that does not rely on FF and I suspect the one described above might be it.

[fx800]

An indi that displays coming forex news release times in a small box at the top left hand corner of the screen was uploaded by someone somewhere recently. Very nifty tool, but I ignored it at the time because I already have 2 news alerters. I would be grateful if anyone knows this indi and can point me to it.

The 2 news alerters I use draw their data from FF, and whilst the site was down (for well over 12 hours), the Empty4 profiles in which these alerters are sitting will not open! I am looking for a news release indi (with or without alerts) that does not rely on FF and I suspect the one described above might be it.

Do you mean this one ? FxNewsAlert.Com

You can reduce it to a widget.

http://download.cnet.com/fxnewsalert/30 ... t=fivemill

[Pedigree]

Do you mean this one ? FxNewsAlert.Com

You can reduce it to a widget.

http://download.cnet.com/fxnewsalert/30 ... t=fivemill

Thanks a lot fx8000. It turns out I also have this one sitting on my pc, but it is not the one I am searching for.

Thank you.

[zentauro67]

Hi, pedegree

I think this is the one you are looking for.

FFCal Panel (Black).mq4

[zentauro67]

When do Yoe be your trades? When how many pips + and how far away do you set your SL or really at be?

I´m placing SL 25 pips above/below last swing H/L. This give some space for retesting S/R levels.

[Pedigree]

Hi, pedegree
I think this is the one you are looking for.

FFCal Panel (Black).mq4

Thanks a lot zentauro67.
The indi I am looking for is attached herewith. Yours is very similar and appears to have a few more useful options.

Unfortunately both draw their data from FF. I simply decided to create duplicate profiles that exclude the culprit indis in case FF goes down again sometime.

Thanks again.

[Pedigree]

That's exactly my point, for some strange reason it doesn't apply to fxprimus.

I play 1:100 swap for uj is -0.15
I play 1:500 swap is still -0.15

Now that is very interesting and deserves further scrutiny. If correct, why won't any one want to exploit it especially if big whole lots are involved?