Regarding hours to trade, I prefer London open and the hours when both London/New York are open.
BTW, just did a trade on paper. Long @ 1.4030 out @ 1.4040. Sort of against the trend so grab a few quick pips only.
Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO
awesome trade !!!! i just got started on testing on paper...i am going to do 5 sets of 20 trades each, to get a feel for the strategy, and record the times i will enter the trade. By the way Lis, i was thinking of learning to code ninja script because an alert of when the price goes out of the channel would be awesome instead of looking at the screen all the time...what do you think
That would be awesome, cr0cop!! I am more than happy to help
Patch - Entry Critiera:
Outside Regression Channel (Semafor signal)
HA color changes (from red to green in my case)
WoodiesCCI color changes (confirmation signal)
Exit criteria:
The green HA's bodies after the reversal were relatively small so I don't think the recovery would be swift and strong - exit at 10 pips. I am happy
Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu
hey chappy, do you know why my chart looks different from yours, if we are trading on the same settings, platform, time, and even the same currency??? look at the time you got in on the last chart you posted on 20:09 and then look how my chart looked around 20:09
Note there's a "no data" gap betwen 7:33 and 17:30 on dchappy's chart. Wonder why NT doesn't refresh the data when the program starts...
Nice trade you have there.
Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu
hey Lis....thanks i hadn't noticed that on Chappys chart.....well Chappy if there's a 'data gap' on your chart, why didn't you download previous data, at least enough to form the whole channel with current data??
THANKS FOR THE FEEDBACK
is it just me or the hardest part of this system is waiting....waiting....waiting........ i have been over 12 hours on NT and i was only able to take 3 trades,
My goal is 2% each day. The compounding effect is amazing.
Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu
yeah i did the math on adding 2% and the result is amazing, but right now my short term goal was to make $100 dollars a day using this system...any feedback Lis?