Excellent point, I've always used bars but it may be time to start paying attention to the candlesticks. Nice move with your trades, you called that one correct!

Traffic Light System

Thanks, you are probably right and thats what I hoped to learn from putting this up on FF.

Traffic Light System

Bad Night!!! — Wouldn't you know it, I finally put this system up and boast about good its been for me and right away it turns on me. All but one of my trades went south on me, so much, that I had to close everything out this morning. I would ...

Traffic Light System

Scott, Mine had gone green and I was about to get out but it has turned red so I'm good. Typical Sunday, my buys went south on me, it went down almost to -$600 (remember I'm buy single and double lots). I have to admit, that was one of the bigger ...

Traffic Light System

Update — Currently my trades have all gone against me, but this is the norm for me. Sunday nights I experience my largest draw-down, but by Monday morning I'm usually in positive territory. I'm still waiting for the spreads on those two pairs ...

Traffic Light System

At this point in my trading, I do not use SL. Risky, yes, but it's worked for me - so you need to do what is best for you. Dont' misunderstand me, I know deep down I should have some protection built into my trades. I just haven't figured out what ...

Traffic Light System

My trades — Ok, Here are my trades for now. I actually have a couple other pairs I'm interest in but the spreads are way too big right now. I will monitor them and hope they go down: GBPCHF, EURCAD. If you can't see the attached, let me know ...

Traffic Light System

Mister Ed, Good luck this week, I will be making my trades in just a little bit. I look forward to seeing how you do. Mitch

Traffic Light System

I try not to second guess the signals, if it says sell, I sell! I try not to worry about one specific pair or another, I'm trading a basket of pairs and the net effect is what I'm concern with. So in the beginning I take the trades as they are ...

Traffic Light System

The basics for this system haven't changes: HMA Modified RSI Custom Goodminer2 At least they haven't changes for me!

Traffic Light System

1522Dad, When I started out, I only had enough money to trade a couple pairs. As my equity/margin grew I was able to expand that upwards. Though I had losers, my win were higher and I was able to reinvest my equity into more pairs. I also must say I ...

Traffic Light System

Archie, I normally wait a couple hours on Sunday. Mitch

Traffic Light System

Stephan, Yes, I'm going to put it all on the line and let everyone follow my erract style of trading. Since I usually don't start looking at the charts until after the start of the new week, look for my trades around 7 or 8pm CST tonight. Mitch

Traffic Light System

Thanks for the analysis, it sort of confirms what I've suspected about Goldmine (that it repaints more than I thought). But even though it repaints, I don't really think it has hurt me, maybe just kept me out of a trade longer. I think this is ...

Traffic Light System

I added the word "Daily" to this system so people wouldn't confuse it with other Traffic Light systems. This is not to say that this is exclusive a "Daily" system, it's just the way I trade it. I encourage all to test it at all levels and share ...

Traffic Light System

Nothing wrong with being lazy! In fact I'm a lazy forex junie wanna be myself.

Traffic Light System

J, Welcome and thanks for taking an interest in my little system. I wish you great success. I'd be interested in you review once you run this method on the simulator. Mitch

Traffic Light System

Ben, Thanks for the support. I never said I invented anything, in fact I think I said all I did was find a way to trade the dailies using the best of what I had read about on FF ( if I didn't, then I just did). This method works for me, at least so ...

Traffic Light System

Sandy, To be honest, because of the my noobie mind, I tend to forget about looking for major news. I will always stay away from Non-Farm, but up until now I haven't stayed away from anything else because of news. Mitch

Traffic Light System

Repainting — Lubo, Wow, I didn't realize that, but the fact is it hasn't hindered me. It may be because I start my trading Sunday Night after the bar has time to settle in and I don't look at it until the next day around the same time. I know ...

Traffic Light System