Uh, maybe he's not going to respond after you've asked this 10 times. If you don't like the method leave it. No explanation was given, no theory behind it, no test results--how good can it be?

daily signal

In my experience, yes.

MetaTrader 4 Server Files

Trade 029 - GBPUSD - Win — GBPUSD 8/13/07 23:00 Sell @ 2.0123 | SL 2.0220 | TP 2.0020 Result: TP hit, +98 pips (after spread) 8/14 11:00 (For those of you using MT4, a nice feature that you can use to view past trades is to open up a chart of ...

Josh's Journal (JoshDance)

Thanks leighsww ;-)

Josh's Journal (JoshDance)

So after a couple of disappointing trades last week on the same day, I decided to just take the rest of the week off. So my week was basically -3% of my account balance or something like that. In the meantime I started messing around with multiple ...

Josh's Journal (JoshDance)

And to goodthings, if you're using MT4 for your orders, you can set a limit or stop order to expire if it is not hit by a certain time--so on a 4hr bar close, you could set it to expire 4 or 5 hours from them, so that if it's not a strong move on a ...

james16 Chart Thread

Congrats 211--and it looks like you picked the right time to take that pin after all ;-) Consolidations eventually come to an end, and you picked a great time to get in. BTW, how did you make 1000 pips last week on NZDJPY? I guess that's using ...

james16 Chart Thread

Trading breakouts — Okay, I'll say it--I'm ****** off .. :-\ Good, I got my emotion out, now I can be "unemotional" again ;-) Last night GBPUSD and EURUSD both tested several pips below two PPZs I had identified, triggered sell stops by about ...

james16 Chart Thread

I'm not taking this. Too much traffic, too much consolidation. In fact, of the 19 pairs I have access to in MT, about 10 to 12 of them are undergoing heavy consolidation right now. Sure, you can make pips, but the back and forth action just yells to ...

james16 Chart Thread

Trade 028 — GBPUSD Sell Stop @ 2.0171 | SL 2.0224 Rationale: Break below PPZ at 2.0184. PPZ has been well tested, and a break below this could see price fall to 2.0060, the next area of support. 4HR now shows 3 IBs. Shows consolidation.

Josh's Journal (JoshDance)

Trade 027 — EURUSD Sell Stop @ 1.3726 | SL 1.3755 Rationale: Continuation of short-term correction. Short pinbar (albeit not a good one) on 4HR. The 1.3734 level, as can be seen in the picture, is a signicficant PPZ. If price breaks south of ...

Josh's Journal (JoshDance)

Thanks for the encouragement pluto! As you said, EURUSD did break down and it's in limbo now. With EURUSD I don't like waiting for a week while price consolidates for the breakout, so I've decided for now with this pair that I'm taking my profits ...

Josh's Journal (JoshDance)

Trade 026 — EURUSD Sell Stop @ 1.3774 | SL 1.3815 | TP 1.3737 Rationale: Consolidation pattern breakout trade. Yes, I know long is a more appropriate bias for direction, but I have no upside target. When I get more comfortable trading I'll be ...

Josh's Journal (JoshDance)

Trade 025 — AUDUSD Buy Stop @ 0.8623 | SL 0.8580 Rationale: This pair like many others at this moment are consolidating heavily, and this is a breakout play above the consolidation area.

Josh's Journal (JoshDance)

Tiki, hopefully you wouldn't expect perfection, and certainly not from a mechanical version of a non-mechanical system! :-) Also, I think the whole point of a MSH/MSL, and any patterns like we look for for that matter, are that we DO wait for the ...

james16 Chart Thread

When you add the indicator to the charts, you will see options for this if you look, along with choice of color, etc.

james16 Chart Thread

Ahh I see, okay, basically a trend reversal pattern. Didn't remember seeing it on this forum, now I remember where I read it. Thanks!

james16 Chart Thread

Nice work on the indicator--it looks great. Also, your code is VERY clean. I appreciate that, having to look at code myself! One question--what is MSL/MSH?

james16 Chart Thread

Trades 022, 023, 024 — AUDCAD 022 - Buy Limit @ 0.9021 | SL 0.8988 023 - Sell Stop @ 0.8985 | SL 0.9028 024 - Buy Stop @ 0.9171 | SL 0.9035 Rationale: Triangle pattern. Price is at the bottom TL of the triangle, and probability says this will ...

Josh's Journal (JoshDance)

Trades 019, 020, 021 — GBPCHF, EURJPY, GBPJPY Gap open trades. Rationale: The gap fills a larger percentage of the time than it does not. Money management here is tricky, as I'm not using a SL, but just watching the 5M charts. Shame on brokers ...

Josh's Journal (JoshDance)