I did that a couple of times and I was tired to take the fight.
So I decided to cut my losses and go to bed. I thought that a fresh start might be better and guess what?? I just recovered the 61% loss plus 110 pips. This time I payed attention LOL! The Account is now up 50% from where it was before it took the loss yesterday.
Kewl, I'm done for today
Great stuff! Keep riding it! Can you gimme few pointers on my following queries please?
1. Which indicator shows the average hourly stats (its on the charts that you have posted...)? Can you please brief me about that indicator?
2. You said that you watch some 4 to 5 pairs.. so, how do you get the trigger? I mean, do you manually shuffle between the charts or do you use some sort of dashboard?
3. On what are all pairs you apply this method ?
Thx a ton in advance.
Good trading to all!
Sorry Bro, I didn't see your post. I am blood shot sleepy right now LOL.
lets see... I'll answer the questions like so.
1. The SP RANGE. It's the text at the bottom left of the window. It contains the current range, previous (last bar), and then an average for 240 bars (u can adjust that). Basically I check to see of the range has been used up. If current is almost equal to previous and average then there is a likely chance that the run is at it's end. Likely, cause you don't know
2 and 3. I look at EURUSD, GPBUSD, USDJPY, EURJPY, and GBPJPY. I mainly stick to the 1st 3 cause they have the lower spreads. The GBPJPY is more volitale so the 5min can have it's rewards
. I changed the alarms on the TRO indicators so that they only sound off once when a candle has reached a certain level. I got tired of seeing too many alert windows.
Many times I'll just shuffle around the pairs. But in the near future I intend on have the indicator send me a text message. I will of course, have it send me an alert a considerable amount of time before it happens.
Right now I am trying some of the other methods. You need to be dynamic cause the market is.
Hope that helps.