$TRILLION STRATEGY

[TheRumpledOne]

The time of day doesn't matter.

What matters most is the color of the candles.

It could be minutes, hours or no trade that day.

[pipette4x]

The time of day doesn't matter.

What matters most is the color of the candles.

It could be minutes, hours or no trade that day.

Today is an excellent example of what you're talking about. If you look at the yen, it dropped about 300 pips today, the hourly candle for 3pm is a hammer, so why would i get in now! i'll wait for some confirmation on the 60 min, or whatever timeframe i choose to get a short signal. Same applies to the other 2 majors.

The euro has 3 candles with tall wicks, indicating bearish even though the daily is bull

The chf has a quasi hammer on the hourly

I'll look for high probability trades. Feedback appreciated

Pipette

[TheRumpledOne]

$TRILLION

[BP]

Entry today at 4pm...

GBP Sell 9615
Euro Buy 3237
CHF Sell 2176
JPY Sell 117.98

Let me know if those look like valid positions...

BP

[TheRumpledOne]

TRO

you must think we're as dumb as a box of rocks spometimes with all our questions but we really do appreciate your efforts in educating us

Pipette

NO, I DON'T THINK THAT AT ALL!!

I have respect for my fellow traders. Each of us is somewhere on the learning curve.

One must keep searching for the answers to their questions.

So don't hesistate to ask if you don't understand something.

[Accrete]

Hi all, had a PM from a fellow trader requesting the indicator also show the daily Hi Low... so here you have it. Also, if you wish to download the trillion dollar days template you'll have everything set to go without any fiddling (just drop the .tpl file into the templates folder).

The below image is a screenshot with BOTH the original $TrillionDollarDays indicator and the modyfied $TrillionDollarDaysHL indicator. Place them into your indicators folder and you are good to go if you apply the template file found in the directory linked below.

Image has explanitory notes. DimGray = Session's Hi/Low
Green and FireBrick Horz.Lines are Open/Close of session
Aqua and Magenta Vert.Lines are O/C+10 pips

Enjoy!
Thom

All related indicators and files are in this new directory:
mt4-trilliondollardays

[TheRumpledOne]

The time of day doesn't matter.

What matters most is the color of the candles.

It could be minutes, hours or no trade that day.

Today is an excellent example of what you're talking about. If you look at the yen, it dropped about 300 pips today, the hourly candle for 3pm is a hammer, so why would i get in now! i'll wait for some confirmation on the 60 min, or whatever timeframe i choose to get a short signal. Same applies to the other 3 majors.

The euro has 3 candles with tall wicks, indicating bearish even though the daily is bull

The chf has a quasi hammer on the hourly

the cable has had 3 bull hourly candles even though it's bearish

I'll look for high probability trades. Feedback appreciated

Pipette

That's right.. currencies are at EXTREMES - Above/below last week's highs/lows...

YOU CAN'T TRADE WITH BLINDERS ON.. YOU HAVE TO LOOK AT THE BIG PICTURE!

[nanoty3k]

The only trade I liked today was the GBP
GBP Sell 1.9616 @ 16:01 EST

TP - 12
SL - 7

Thanx,

Nano

Entry today at 4pm...

GBP Sell 9615
Euro Buy 3237
CHF Sell 2176
JPY Sell 117.98

Let me know if those look like valid positions...

BP

[pipette4x]

Hi Thom

Thanks for your efforts with the indicators.They come in handy if i want to use any other 24 hour period to trade this method

Pipette

[BP]

Entry today at 4pm...

GBP Sell 9615 -----this one TP of 10 pips already.....
Euro Buy 3237
CHF Sell 2176
JPY Sell 117.98

Let me know if those look like valid positions...

BP