Hideous, isn't it? But I milked 50 pips out of it and am wondering if I should enter a fresh short. LOL

Mouteki Trading

That's very nice!

Eur/Aud...Mouteki

The hourly seems to look ok, according to the approach currently being tested in http://www.forexfactory.com/forexforum/showthread.php?t=8691 .

Mouteki Trading

See the circled portion below... now we no longer have a 5 bar pattern that has an extreme low between 2 higher lows on each side.

Mouteki Trading

Maybe I am answering the wrong question... forgive me if so. Otherwise, take a look at the chart below, paying particular attention to the red demand line. At the first point of support, we have a 5 bar pattern, with the support having the lowest ...

Mouteki Trading

And this is the 4h.

Attacking the problem of different timezones and the delay to enter trades

Here'a a test for the aussi. I will post the 1h first, then the 4h.

Attacking the problem of different timezones and the delay to enter trades

If the 5th candle opens above/below the supply/demand line, then the 5 bar pattern will be broken and the supply/demand line invalidated...

Mouteki Trading

Actually EggyJ, what you are suggesting is similar to playing fractals. The only "trouble" with this is the difficulty of placing SL and TP. One way to play fractals may be to put a buy above the up fractal, with SL at the down fractal; and likewise ...

Mouteki Trading

Unless you see strong signs of reversal, it might be wise to steer clear of steep trendlines from aggressive trends in the first place...

Trendlines

Yes I agree with you, this is something with potential!

trade the reject of Sup/dem line

Technically, yes -- if you consider that borderline open above the supply line.

Mouteki Trading

I think you have a good idea there. Let's forward test this.

Attacking the problem of different timezones and the delay to enter trades

Maybe your server does not provide this pair?

Mouteki Trading

That was the first thing I checked... there was a 9 pip difference. I also refreshed the chart - no difference.

Mouteki Trading

I am afraid there is no such documentation yet. PM mono directly for his indicator.

Mouteki Trading

Wow wow, I must say I am honestly surprised!

Mouteki Trading

Keep your fingers crossed... that you won't get a long signal. Exactly the same thing happened to me lol... maybe it doesn't like dojis...

Mouteki Trading

Glad someone noticed my use of "yet".

Mouteki Trading