I'm adjusting my trading style to my lifestyle. In other words when I was a teacher/ administrator in a school, I could check my trades every four hours and check my trade for long term strategy. Now I get just a couple of minutes here and there to trade. If I can trade a session I will and if I can't I miss out. That does not bode well for my usual 4H trading. Also as a USA resident I can't trade long term and also short term at the same time. The rules restrict you to just one style of trading. So I am forced for now to take short term trades.robila » Sat Jul 16, 2016 2:44 am wrote:Hey Bob,
Congrats on another week of nice pips! It was beyond fun following the system this week, made some good profit myself.
I have a follow-up on the previously posted question about letting the trades run for only a couple of hours. Why not let the trades run until the HGI says it's time to close, especially if you're using the H4 chart for the signals? Have you previously tried that and found that closing out before the session ends seems to capture the majority of the movement?
The second question is about the daily CSS. When do you think it will be usable again? And have you moved on to the D1 charts with the HGI when the D1 CSS is fully functional?
EDIT: One last question. Are the (daily/weekly/monthly) pivot points included in the HGI or could they also be useful determining potential exits?
All the best,
Robert
I also don't get to trade off of charts. I get signals and I decide to trade from the signals. I am using a cell phone with a tiny screen. So it's in and out quickly.
Session trading is getting the move of that session and then be done. Most moves happen in the first 3 hours of that session. Then they retrace until the next session or day. For example the USA/CAD only trades well during the USA session because that's the only time their banks are open. The eur/usd is not going to move much during the AUD and JPY sessions. Their banks aren't open. So for me to hold trades during their quiet times us not viable for me at this time.
Probably another week for the lines to be back toward the center. The gbp will be searching for their new high low levels. So looking for that. The daily CSS reads are critical for long term trading because you can see when the move is beginning to lose or gain steam over the month or weeks. With being on the road and missing sessions and charts to read I can't plan and manage my trades.
Any indicator or levels that you know and feel experienced in using for reading would work. I am sure divergence trading with MACD would be dynamite too. There are many subforums using HGI with other systems successfully. So yes Pivots would probably work great especially if you are experienced in using them. Pivots was one of the first trading systems I used as a young trader. Pivots was also used in some of my 10.xxxx series.