NINJA PLATFORM

dchappy · Post by **dchappy** » Wed Aug 12, 2009 12:19 am

Hi Patch & Crocop , good questions , I'll try to answer with todays am. trade .
Saw the Sema at the open & entered @ about 3:20 . Then for over 2 hrs the market stalled & went nowhere . This is a good example of why I like the range bars . Only 4 or 5 bars were formed in 1.5 hrs because price was moving in a tight range . ( 10 range means price has to move 10 pips to form a new bar ). Now look at the 5 min chart , 25 + bars showing dojis, hammers , spinning tops ,etc . The trader is constantly on edge , emotions are rising & after 2 hrs of this he is ready to pull the plug & just get out at any cost .

The range bars have spared the trader some of that stress .
Also , Patch , The Hanken Aschie bars keep reminding the trader that MOST of the energy is coming from sellers , so keep holding ,all is well .
(BTW Patch , I know traders who don't make 40 pips a month ..good job )

Crocop , 15 sl sounds about right on average , but look at this trade . I set the stop above the last swing ( 18 pips ) and it was within 1 pip of a stop out . Of course if you had jumped out there was another cchance to get in again . Yes , the channel does move with the price , it has to . Look at it as a positive , if the sema keeps moving it is giving you a better price to get in at , sort of a "blue light special "

Hope this rambling explanation helps ..Trust the Sema ...Chap

monolisa · Post by **monolisa** » Wed Aug 12, 2009 12:26 am

Good explanation, dchappy.

Take note of the size of the body of the HA bar - it tells you the "energy" level. Its relation to the wicks is also very interesting

Some good info on Heikin Ashi:

http://www.investopedia.com/articles/te ... 092204.asp

Lis

jz166 · Post by **jz166** » Wed Aug 12, 2009 1:56 am

good trade, dchappy!
In your trade, you entered after the singal HA bar was completely formed, or you jumped in before it closed?

also, does anyone know where I can find NT coding study materials for newbies?

Thanks!

Patch · Post by **Patch** » Wed Aug 12, 2009 2:59 am

dchappy

Great illustration and explaination of HAs and range vs time. I am getting it.

monolisa

Thanks for the HA post explaination. I am starting to like HAs.

Patch
In VA

jz166 · Post by **jz166** » Wed Aug 12, 2009 3:08 am

Patch, how did your different time zone clock indicator go?

Patch · Post by **Patch** » Wed Aug 12, 2009 3:44 am

jz166

I didn't spend a lot of time looking. I went to nonags.com and found world clock time.

url: http://www.pawprint.net/wt/

It installs nice and has LA, NYC, UTC, London, Tokyo & Sydney as the defaults.

Quick and easy. --Patch

dchappy · Post by **dchappy** » Wed Aug 12, 2009 8:27 am

Sema @ the open working well ...

jz : I always wait for bar close

Trade well...

cr0cop · Post by **cr0cop** » Wed Aug 12, 2009 4:06 pm

thanks Chappy, on this last chart you posted....were you stopped out from the first arrow entry? since it looks like the second range bar dropped lower than the first green arrow entry?

dchappy · Post by **dchappy** » Thu Aug 13, 2009 12:00 am

Good eye Crocop , but I was hoping you would'nt see that . I actually overslept and missed the first entry . Woke up at 4:00 and entered at the 2nd chance @ 1.4110, rode it for 50 pips before I had to leave for work . But , you are correct , I would have been stopped out when price broke the last swing . Dumb luck saved me once again ..ha !
BTW what a nice move today , hope you caught some of it .....Chappy

Patch · Post by **Patch** » Thu Aug 13, 2009 5:21 am

dChappy

Congratulations on another great day, I didn't see that sleep in thing cause I was asleep also. And should be asleep now.

Wow, USDJPY just took off long about 15-20 pips. These MT4 chart confuse the heck out of me. The bar size is all about scale and a moment ago I saw that the scale was .5 pips=long bars!? Is there any way to specify the length of say 5 or 10 pips standard on a chart? I will save that for another day. Kick pip puts this morning!!! -Patch