In effect, what is going on here is you are trading a Fibonacci retracement of 76% or 88%. That is basically what the setup is giving you with a tight stop and then micro manage the trade.

Trading the e mini nasdaq

Hi Divergence - great thread, great vids. So you use Sierra charts with which broker? and datafeed from Barcharts. Or does the data come also from your broker? thnx.

Trading the e mini nasdaq

This may have been answered before so forgive me. What is the solid red line that appears across all four lanes? the dotting line is the standard deviation of 2 correct?

Dynamic Fibonacci Grid

dtlase, thanks for update. I get a ZeroDivide (2544, 107). Am I missing a DLL or indicator somewhere?

MT4 Trading the GAP With Excel

MidnightRun - no, it does not matter - the figures are correct on any timechart but it is actually using daily High/low and the bid price to calculate the values. Some people implement the Total Strength using a rolling 24hrs of data but I don't ...

High Probability Insight: Day-Trade Daily Momentum on M1/M5TF

I am not sure the weekly watch list is a good idea. The forexsupreme meter is calculating the Total Strength of the currencies using daily data - don't really see that as relevant if looking at a weekly period. This explains another phenomena - have ...

High Probability Insight: Day-Trade Daily Momentum on M1/M5TF

Jay - thank you for posting and guiding us through "the process". Although I have had success I am finding it very difficult to gauge market sentiment after recording my daily watch list. This is the issue you had with your EUR/NZD trade - one ...

High Probability Insight: Day-Trade Daily Momentum on M1/M5TF

Do you trail the stoploss with the changing values of the latest HA candle or keep it fixed on the value when the trade was taken? Thanks

EPD HFT Scalping system

Link with PIPPO or IBUKS — Steve - have you thought of linking this (and giving it an edge) to Pippo or Ibuks methodolgies. Now that might be be quite interesting.

Another bit of Martingale lunacy

error in first post — EXAMPLE: EURUSD - Price 1.1615 - Price moves up to 1.1635 (20 pips), ENTER LONG, NO TP, TS = 25 (Long1) - Price moves up to 1.1655 (20 pips), ENTER LONG, NO TP, TS = 25 (Long2) - Price moves up to 1.1675 (20 pips), ENTER ...

Renko Simple Trend Follower

ATR — If proof was ever needed just see attached chart for an IB on swissy that has just occurred. The day is up so you would trade LONG. BUT, the ATR for the day is already at 99% of the 3-day average making it a much higher risk trade. So ...

The DIBS Method... No Free Lunch continues

DIBS Triggerlines Indicator — Does anyone have an updated version that works in realtime. I have version 1.1 and 1.2 but both require the chart to be refreshed (switched to another timeframe then back to the 1HR) before valid lines and the ...

The DIBS Method... No Free Lunch continues

Question - IB bars that have valid buy/sell points — If an IB bar appears where the top is ABOVE the open and the bottom is BELOW the open, I think it might be prudent to wait only for a false breakout and then take only the reversal trade. ...

The DIBS Method... No Free Lunch continues

Jarroo - thanks for confirmation of time refernce point - somewhere in this lengthy thread there was suggestion that to use 00:00 or 02:00hrs for the JPY pairs. Anyway that's clear now thnx. How do you handle the "blip" above the high of the IB and ...

The DIBS Method... No Free Lunch continues

usdjpy trade — Jarroo - interested to understand why you took that short trade when the open (Refernce BAR - r u using 00:00hrs?) was well below. Surely only long trades were valid on this bar or did you stop/reverse? This sure is a real ...

The DIBS Method... No Free Lunch continues