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- mitchp replied Jan 24, 2009
On the daily chart I don't think it's more than one or two. What I can tell you is so far I've ony had it repaint twice on me that required me to get out of trades. I had lost some pips, but it wasn't too bad and I made them back the same week. Mitch ...
Traffic Light System
- mitchp replied Jan 24, 2009
Glad to have you along. Paradoxical is right, just read any thread. But don't be afraid to add your thoughts or any new indicators. I like what we have developed and it's been successful for me, but that doesn't mean it can't be inproved. That's why ...
Traffic Light System
- mitchp replied Jan 24, 2009
Day of Week Indicator — All, Does anyone know of or have an indicator that would display the day of the week for each bar on the daily chart. Mitch
Traffic Light System
- mitchp replied Jan 23, 2009
I guess you can say both. In the past when I said I was going to wait for the trend to change before getting in, the trend wouldn't change and I'd be pissed for not getting in. So now I take the trade whenever it comes and hope I'm either on the ...
Traffic Light System
- mitchp replied Jan 23, 2009
I'm sorry, I don't understand what you mean by "single bar only"
Traffic Light System
- mitchp replied Jan 23, 2009
Thanks for your thoughts and I couldn't agree more with you. I like my method just the way it is - it works for me and that is what is most important for me. If someone can add something that makes it better, that would be great. Oh, the one thing ...
Traffic Light System
- mitchp replied Jan 23, 2009
Let's see if I can explain this. There is no specific day to start your trading, you take a trade when HMA, RSI, and Goldminer2 indicates a trade can be taken (as described in the first post). I personally start my trading Sunday night, adjusting my ...
Traffic Light System
- mitchp replied Jan 23, 2009
Lubo, No disrespect, but did you read the first post. If this isn't the easiest system to follow, I don't know what is. There are three indicators: HMA, RSI, Goldminer2. The HMA will either be Green or Red, Goldminer2 the same. RSI will either be ...
Traffic Light System
- mitchp replied Jan 23, 2009
jgnorton, Just look at it on any chart, it get you into the trend at a great point and takes you out before you give back too much. I have been trading it live since the beginning of December and it has been fantastic. I started with a $300 account ...
Traffic Light System
- mitchp replied Jan 23, 2009
Todd, You are correct, but it is not really part of this system. I had it on my chart when I took the picture, forgot to take it off. Mitch
Traffic Light System
- mitchp replied Jan 23, 2009
Sandy, Did you follow valasindo way of trading on the 1-hr (using CCI) or are you doing your own thing. Mitch
Traffic Light System
- mitchp replied Jan 23, 2009
Archie. You are correct, The RSI will show Red when it's below 45, Yellow when it's between 45 & 55, and Green when it's about 55. The HMA shows average trend, Red is downward, Green is Upwards. The CCI is just something that I am experimenting with ...
Traffic Light System
- mitchp replied Jan 23, 2009
Paradoxical, Thanks for the EA's. These will be very helpful and I plan on incorporating some of them immediately. I have the Close All already in my arsenal - it's come in handy before. Mitch
Traffic Light System
- mitchp replied Jan 23, 2009
The less indicators the better - let's try to keep this simple and profitable for all!
Traffic Light System
- mitchp replied Jan 23, 2009
Good morning to all, it's 6:15 CST, and I just closed out these trades I made last night at 11:30. I had hopes that I would see $500-$600 (I'm interested in dollars not pips), but I will just have to be satisfied with $950!!!!! And yes I know I am ...
Traffic Light System
- mitchp replied Jan 22, 2009
Current Trades — Well it's bedtime for me and my trades are at $283. This is where I struggle, I can take the profit and sleep like a baby, or let it ride (yes I'm a gambler) and toss and turn hoping that it will be at $500 or $600 by the ...
Traffic Light System