Was browsing through babypips forums and saw an old post of yours tro, Swinging with Heat.
I don't think I've recalled you posting about only using the heatmap in any other thread (maybe once or twice in the middle of NLA thread) and only see one screenshot from you.
Have you stopped using this method all together? When/If you used it did it work?
From that screenshot if you wait for 3 or more like colours on the heatmap, then take the 2nd reversal colour in a row and trade the open with a stoploss of the previous bars high/low (depending if you're going long or short), it seems very profitable.
Never Lose Again
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zapzinig wrote:Hi es/pip,
I did a zline trade on eur/jpy early in the day 16:00 candle at 114.57 to 114.29.
What is the purple line tool you are using? It looks like fibs. Is there a way in MT4 to show price at fibs instead of the % retrace?
Thanks,
Gary
put %$ in the description field and it will display the price
- prochargedmopar
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Here are a couple of my chart pics from this morning.
MindHero chart
And my instruments chart
Well, for two days I tried my "never win again" trading plan. The first day I had my wife take a few counter trades and I was making her lose money on her demo acct. I ended up with +18 pips.
Today I used fxcm 1 click on another monitor and did it myself. After placing my "first choice" trade on metatrader I would place the counter trade on fxcm. Got a few wins so I stopped and just concentrated on chatting in the 2% club and getting pips. + 26 in 1.5 hrs after working a 12 hr shift and being up for over 24. Pips came easy today. Psych lines and mindhero indicator were both bankin. I skipped over a lot of good trades and also did not let any trades run while in profit. Both newbie issues to be corrected. Rule #4, Act on edges without hesitation.... 9/3 P/L ratio today. I'm gonna go back to my "real" account Monday.
MightyOne,
Your charting explanations are helping tremendously. Thanks.
Procharged
MindHero chart
And my instruments chart
Well, for two days I tried my "never win again" trading plan. The first day I had my wife take a few counter trades and I was making her lose money on her demo acct. I ended up with +18 pips.
Today I used fxcm 1 click on another monitor and did it myself. After placing my "first choice" trade on metatrader I would place the counter trade on fxcm. Got a few wins so I stopped and just concentrated on chatting in the 2% club and getting pips. + 26 in 1.5 hrs after working a 12 hr shift and being up for over 24. Pips came easy today. Psych lines and mindhero indicator were both bankin. I skipped over a lot of good trades and also did not let any trades run while in profit. Both newbie issues to be corrected. Rule #4, Act on edges without hesitation.... 9/3 P/L ratio today. I'm gonna go back to my "real" account Monday.
MightyOne,
Your charting explanations are helping tremendously. Thanks.
Procharged
Last edited by prochargedmopar on Sat Jan 24, 2009 6:49 am, edited 1 time in total.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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