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AlexC replied Jul 26, 2011This trade shows a psych number at or near #3 is favored.
SECRET Trading System
- AlexC replied Jul 25, 2011
On the 5m chart, 123 with fibs and daily pivot. Psych number 50, there too.
SECRET Trading System
- AlexC replied Jul 23, 2011
This is a simplified version of D. Malone's system developed by eelfranz. It's just a cross of a ma and a rsi setting with HA candles for easy reading. Simple. With experience, it becomes more comfortable to trade. Maybe you're more comfortable with ...
Trading Made Simple
- AlexC replied Jul 23, 2011
Good luck with the test. The larger draw downs are to be expected. Smaller lot size trades would take the heat off, when going live.
Trading Made Simple
- AlexC replied Jul 22, 2011
The sto indicator Ross uses, is more for a higher tf, like a daily. On the smaller tfs they're more volatile. The #2 on psych s/r levels , is good to remember.
SECRET Trading System
- AlexC replied Jul 22, 2011
It depends on your mt4 broker. Some start at the London open some at TO, some at NY close and some at Frankfurt open. You'll see the difference on the 4hr tf.
SECRET Trading System
- AlexC replied Jul 21, 2011
On the 4hr charts and higher, the 123's are easier to see.
SECRET Trading System
- AlexC replied Jul 21, 2011
Actually I've changed the sto settings since posting the chart to 5,3,1 like Joe Ross suggests. Here's the pdf. url
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- AlexC replied Jul 21, 2011
The psychic lines are the round numbers like 00s and also the 25s, 50s & 75s.
SECRET Trading System
- AlexC replied Jul 21, 2011
Both, if they come that way. Those type of candles with flat bottoms longs and flat top shorts with some height to them are strong candles.
Trading Made Simple
- AlexC replied Jul 20, 2011
Not a stupid question. With this TMS method, HA candles are easier to read. But you can use whatever suits you.
Trading Made Simple
- AlexC replied Jul 20, 2011
Yes. The first. The entry is where you want these type candles.
Trading Made Simple