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- burt625 replied May 1, 2008
Looking forward to next week for your update. Your willingness to share your strategy is appreciated. Have a good rest and a nice weekend!
- burt625 replied Apr 30, 2008
Ah I see, back-testing would have been inaccurate due to the repainting issue. At the very least I am on the right track. I hope you will continue to post a few more examples for other pairs when you have the time. One more question for today: when ...
- burt625 replied Apr 30, 2008
AUD/USD D/H4 — Thanks damonl for the great strategy. Just to check whether I have gotten the concept right, here's my attempt for AUD/USD for daily/H4: On daily chart at the close of the candle on 25th April, SWI and AC were same color (red) ...
- burt625 replied Apr 30, 2008
That's great! This new method is getting really exciting now. Awaiting for Damonl's analysis with great anticipation.
- burt625 replied Apr 29, 2008
Thank you for taking the time to analyze my trades. UJ, GJ and ECHF were all green until the time of my previous post. As of now: UJ SWI is green, AC is red; GJ SWI is green and AC is also green; and ECHF SWI is green and AC is red. I must be ...
- burt625 replied Apr 29, 2008
I entered a long pending order for UJ, GJ and ECHF based on the latest indicator you posted. According to it, SWI(W), AC(D) and AO(D) were all green so I placed the trades at about 3am (IBFX broker time). Was that a bad move? None of these trades ...
- burt625 replied Apr 28, 2008
Ok, I think I get your point now. Thanks again for the explanation. According to the latest strategy, I have placed the following orders: Long UJ 104.84 Long GJ 208.69 Short NU 0.7819 Long ECHF 1.6209 I am not sure if I am right so please correct me ...
- burt625 replied Apr 28, 2008
Thank you again for the indicator, you have really made our lives a whole lot easier. The indicator loads well*, I assume that this is used for those who are trading on daily time frame? * EDIT: Oh sorry, I have a thorough look through and at the ...
- burt625 replied Apr 28, 2008
I too was surprised at the short pending order for AU but my guess is Damonl was probably using the latest method to trade from daily chart, and the previous bar (in this case he took Friday's bar) has SWI and AC in the same color (i.e. red) ...
- burt625 replied Apr 28, 2008
I have a question to ask - do we still use the weekly NL and SWI indicators to identify the trend or are they now completely non-essential for this latest method?
- burt625 replied Apr 25, 2008
We have just started trading using this system so it is still too early to say. However in my opinion, as long as you have a sound MM and you trade with the bigger trend, you are more likely to profit in the long run. Set this up on a demo account ...
- burt625 replied Apr 25, 2008
Perfect! Now everything is in order! Thank you!
- burt625 replied Apr 25, 2008
Thank you walesoje1 for taking the time to modify the indicators. Upon testing it, W1 NL still shows nothing but SWI W1 and D1 work just fine. Let's wait for some other people to test and see if they have the same issue.
- burt625 replied Apr 24, 2008
Thanks to walesoje1 for making this indicator. However, I am also facing the same issue, nothing shows up when I load it. I am using IBFX for this.
- burt625 replied Apr 18, 2008
Astounding results! I am still trying to grasp on how to trade using this method by reading the rules numerous times but you did it quite effortlessly! I would appreciate it if you could throw in a few sample charts for all of us to learn and follow ...
- burt625 replied Apr 18, 2008
I was too preoccupied with this thread that I completely missed out your reply to my earlier post. My bad! However, I think I have understood much better with your analysis and together with your recent update to this strategy, it really put things ...
- burt625 replied Apr 17, 2008
Thanks walesoje1 for your reply! After going through several charts, I realized that my method of exit would not be as profitable as I thought it would be whereas using the rule from indicator 2 (0.6 and -0.6 levels) seems to fare better. However ...
- burt625 replied Apr 17, 2008
I have always favored active learning so I am attempting to answer this question. I don't know how to put it in words so I attach a sample chart to illustrate my deduction: At the close of candle A, we open a short trade. We continue to leave the ...
- burt625 replied Apr 16, 2008
Ah, I am starting to see your point now, thanks for clearing it up! Sorry if I was being impatient there! I would agree with you on this as the first ECHF daily chart I posted earlier read slightly above 0.3 level but have a look at the ...
- burt625 replied Apr 16, 2008
I guess we have to wait for Damonl to answer this question. BTW, is it just me or has ECHF Daily's previous bar just suddenly went lower than 0.3 level? I could have sworn it was at around 0.33 when I posted the chart but upon rechecking, it went to ...