THE 100 PIP CHALLENGE

[Rangoban]

cant get the indicator to run
would like to take part in the challenge anyway, am I doing it wrong?

edit: ye that was a 100 pip winner
edit2: indicator works... should have zoomed out further

[TheRumpledOne]

Nice Rangoban!!

[TheRumpledOne]

eurusdh1.png (17.85 KiB) Viewed 4927 times

[TheRumpledOne]

usdcaddaily.png (22.46 KiB) Viewed 4927 times

[TheRumpledOne]

usdcaddaily.png (24.21 KiB) Viewed 4891 times

Still in play

eurusdh1.png (20.12 KiB) Viewed 4891 times

WINNER!!!!!!!

[XxioixX]

Interesting idea, just curious as what are people using as an entry: price action, support/resit areas, etc?

[MightyOne]

Interesting idea, just curious as what are people using as an entry: price action, support/resit areas, etc?

I have 3 main ideas: HORIZONTAL LINES, WEEKLY RANGE EXPANSIONS, & CONES.

Price is either moving towards your stop or away from it.

Price cannot rise on wicks, neither can it fall without closing lower.

If you need further help picking a direction to trade in then
use the current daily and/or weekly midpoint.

Is my target out of range for the current week?:

The weekly projected ranges are based on the median range (not the smallest or largest) of the last 3 weeks, it is always current info.
They are projected down from the high of the current weeks extreme and up from the low.
Target 1: median * 0.625
Target 2: median * 0.875
Target 3: median * 1.125
Target 4: median * 1.375
Knowing that there was a smaller & larger range, the Crash-zone projects a "likely" small and large range based on the middle range.

XAUUSDecnH4.png (25.67 KiB) Viewed 4831 times

[TheRumpledOne]

OBSERVATION:

Look at the chart.

Is the last candle red or green?

Sooner or later price will return to the close of the last candle.

[PTG]

It's the exit, not the entry

I don't have the time to find out how to post an image nor to install indicatörs in MT4 right now, but here it is anyway:

http://screencast.com/t/8ujdncvFr3I

[TheRumpledOne]

It's the exit, not the entry

I don't have the time to find out how to post an image nor to install indicatörs in MT4 right now, but here it is anyway:

http://screencast.com/t/8ujdncvFr3I

You might not make 100 pips but you will usually collect some pips!!