ProchargedMopar's Trading Trilogy
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- prochargedmopar
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adaseb wrote:Your R1 and R2 indicators seems to be very precise and accurate.
Standard daily pivots set to 0:00 gmt.
If you've got a couple guys with a few bucks looking at them, prophecy should be fulfilled.
#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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- prochargedmopar
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Pro Trader wrote:prochargedmopar whats the name of the indicator you use to plot the daily pivots?
- Attachments
-
- SDX-TzPivots_v4.7.2.mq4
- SDX pivots set offset to match 0:00 gmt.
- (44.09 KiB) Downloaded 200 times
#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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- TygerKrane
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Hey prochargedmopar,
Do you have any opinion on FXCM increasing their micro spreads by 1-2 pips on March 21; and their switch to No Dealing Desk 'at some unknown time' afterwards? Also, will their new "trading within the spread" affect how you trade??
There some pretty strong arguments going on at the FXCM Micro message boards now, but honestly, I can't really make up an opinion for this.
When the No Dealing Desk is instituted, they will allow limit orders within 1 pip of price (instead of the current 5pips minimum distance.) This much I feel good about, even though I'm disappointed they don't have a date for that.
Do you have any opinion on FXCM increasing their micro spreads by 1-2 pips on March 21; and their switch to No Dealing Desk 'at some unknown time' afterwards? Also, will their new "trading within the spread" affect how you trade??
There some pretty strong arguments going on at the FXCM Micro message boards now, but honestly, I can't really make up an opinion for this.
When the No Dealing Desk is instituted, they will allow limit orders within 1 pip of price (instead of the current 5pips minimum distance.) This much I feel good about, even though I'm disappointed they don't have a date for that.
**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!
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prochargedmopar wrote:Pro Trader wrote:prochargedmopar whats the name of the indicator you use to plot the daily pivots?
prochargedmopar any idea where I can find out what all the different levels are? I know the future pivot and the rejection areas but Im unsure of some of the others.
Funnily enough some of the levels are the same as s/r levels I'd already drawn on some of my pairs.
Thanks
- prochargedmopar
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TygerKrane wrote:Hey prochargedmopar,
Do you have any opinion on FXCM increasing their micro spreads by 1-2 pips on March 21; and their switch to No Dealing Desk 'at some unknown time' afterwards? Also, will their new "trading within the spread" affect how you trade??
There some pretty strong arguments going on at the FXCM Micro message boards now, but honestly, I can't really make up an opinion for this.
When the No Dealing Desk is instituted, they will allow limit orders within 1 pip of price (instead of the current 5pips minimum distance.) This much I feel good about, even though I'm disappointed they don't have a date for that.
Dude, FXCM has been killing me lately!!!!
Ever since I "upgraded" their platform it has been taking forever(sometimes 15-30sec) to enter/exit positions. They suck.
Before my 29 day win streak they were great. Go figure.
I have the same crap problems with fxdd's Mt4. Stinks... slippage on entry and exit, just nuts.
BTW, I could pretty much care less what the spreads are, once you can actually be a consistent trader, I'll go to a ecn and pay my comm. fees to get the tight spreads. Until then a $1k trading account cares not if it has to enter the market at 4 pips or 2 pips. A $100k account, it may have more difficulty with it.......
Im using them until I get my act together and trade $1 pips consistently.
I have a MBTrading account I will use after that. I still haven't taken the time to get to know the navigator platform but I see now they also have charts for it. I better get on this soon.
TRO will like me as he's my IB.
LOL
Last edited by prochargedmopar on Tue Mar 16, 2010 11:35 pm, 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
- prochargedmopar
- rank: 10000+ posts
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Pro Trader wrote:prochargedmopar wrote:Pro Trader wrote:prochargedmopar whats the name of the indicator you use to plot the daily pivots?
prochargedmopar any idea where I can find out what all the different levels are? I know the future pivot and the rejection areas but Im unsure of some of the others.
Funnily enough some of the levels are the same as s/r levels I'd already drawn on some of my pairs.
Thanks
That is called a confluence. If you have a supply/demand level line up with a pivot level and a fib level and a trend line and a ect, ect. You get the point, then it's suppose to be a stronger "Key" level to trade from, especially if it lines up with, get this, DAILY candle levels.
That statement is the one that all noob scalpers disregard and it tears them a new butt. It also prevents them from seeing the opportunity for holding trades to get in on the really big moves of a weekly or monthly chart.
The more people that look at a certain level, the higher the probability of the trade working. If you had 100mil position in the market would YOU know what price you paid?????
I think so, and so do they.
#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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