Here is an example of a 1-2-3 on the GBPUSD. Enjoy! andersenws

andersenws's 1-2-3 thread

First, welcome to the Factory. There is a wealth of information here for you to peruse. Trading using price action is not easy, and sometimes very subjective. I suggest you start by reading the first few pages of James16 Chart Thread, a classic here ...

Trading Experiment: 100% by end of year

I like how well thought out your plan is, but I just have one question. I thought a fractal is defined as the highest bar with two lower highs on each side of it. Therefore, a fractal is not really formed until two days after it occurs (since the ...

Frankenstein Method

Good for you to realize this so soon. It took me a little bit longer to realize price is the best indicator. andersenws

Trading Experiment: 100% by end of year

I think the consensus is that 100 trades is enough to judge a system. Remember with the eyeball backtest that sometimes the eye only sees the good trades and not the losing ones. This has happened to me several times. Also, I don't know if you know, ...

How to Backtest?

Um, well there's RSI, or CCI, or William's %R. Have you downloaded Metatrader 4 yet? There are plenty of oscillators and indicators to play around with built in. andersenws

Pks 9, 3, 3 .

I wish you success and will follow your journal. Any insights on your plan, such as method or MM? andersenws

Trading Experiment: 100% by end of year

I believe the 9-3-3 is the Stochastic Oscillator as 9-3-3 is the standard settings for that. The second one is rather difficult as many oscillators indicate overbought/sold and they also have that same range. If you give some more details I could ...

Pks 9, 3, 3 .

You have to code your strategies in their language (MQL4) and the you can use the "Strategy Tester" included with Metatrader to automatically backtest your strategy's performance. Hope that helps, andersenws PS There is an entire forum devoted to ...

How to Backtest?

Thanks mrgreen, I still couldn't do it as I'm on build 198. Guess I need to get that updated. andersenws

How Rearrange Charts?

This question has been raised before, and I think we agreed that it is not possible to rearrange the tabs. I know, it sucks! andersenws

How Rearrange Charts?

Look at his chart. It's completely based off of breakouts. He draws the constricting ranges, or triangles, or pennants, or flags, whatever the hell you call 'em, and then he profits off of the breakout. Now look at the far right of his chart. The ...

GBP or EUR long this month?: How was your profits?

Sorry for not being clear guys, it's hard to explain in words. I also use FXSOL and here's another way, for that platform. Draw your fib ret. and then draw a vertical line from the 0% to 61.8%. Then drag that line up so it starts at 100% going up. ...

fibonnaci extenstion

Great links, Soso. Thanks, andersenws

Does anyone use the heiken ashi indicator?

There's a related thread here. andersenws

Best Broker For News Trading

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fibonnaci extenstion

You should be able to do this, but there is a manual (albeit harder) way. You could draw your retracements and count the pips from the endpoints. Then extend your fibs by reflecting it over the original. It's hard to explain and I'll post a picture ...

fibonnaci extenstion

By news, he means the items on the Forex calendar here at FF. Some other news may occur that's not listed, such as China diversifying or blah, blah, blah. andersenws

What is after hours trading?

I believe all brokers do at least one of these, so I would pick a broker that will hurt your style the least. I trade FXSol and have had no problems with them, but I do not trade the news. I get my 3-5 pip spread on the majors, and I'm happy. ...

Questions about brokers