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Re: Cronex Taichi Indicators for MT4
Posted: Fri Nov 05, 2021 1:24 am
by ChuChu Rocket
BeatlemaniaSA wrote: Fri Nov 05, 2021 1:22 am
Hi @ChuChu Rocket,
Yes!
I have a full time job so that is why I trade ONLY the H4. It gives me peace of mind in my trades and I don't have the time to watch the charts all day
BeatlemaniaSA
Perfect. How many pairs do you "look over" during your analysis? Have you got a favorite set of currency pairs you usually check/analyse through?
Re: Cronex Taichi Indicators for MT4
Posted: Fri Nov 05, 2021 1:25 am
by BeatlemaniaSA
This is why I DO NOT trade the news...
Regards,
BeatlemaniaSA
Re: Cronex Taichi Indicators for MT4
Posted: Fri Nov 05, 2021 1:29 am
by BeatlemaniaSA
ChuChu Rocket wrote: Fri Nov 05, 2021 1:24 am
Perfect. How many pairs do you "look over" during your analysis? Have you got a favorite set of currency pairs you usually check/analyse through?
I look over ALL the currency pairs! When the best setup presents itself I take it
. Some pairs may ONLY be a 20 -40 pip move others much more. It's all dependent on the currency pair. That is why the ADR indicator is the MOST important indicator on my chart
You cannot get the same amount of pips from different pairs!
Do not fear all the pairs. Each one will present an opportunity
Regards,
BeatlemaniaSA
P.S. Home time now. Catch up with you all later
Re: Cronex Taichi Indicators for MT4
Posted: Fri Nov 05, 2021 1:54 am
by ChuChu Rocket
BeatlemaniaSA wrote: Fri Nov 05, 2021 1:29 am
I look over ALL the currency pairs! When the best setup presents itself I take it
P.S. Home time now. Catch up with you all later
Haha okay see you later man, safe trip home
Re: Cronex Taichi Indicators for MT4
Posted: Fri Nov 05, 2021 2:26 am
by Brett001
BeatlemaniaSA wrote: Fri Nov 05, 2021 12:22 am
Hi @Brett001,
The numbers are the ADR (Average Daily Range) in pips that the currency pair has moved i.e Today, Yesterday, the weekly average, monthly average, 3 monthly average etc. This is vital for me as it will then assist me in determining if I should get into a trade or not based on the current days movement
ex. If a currency pair has moved today already 50 pips down from it's start but the ADR is 45 pips then I won't get in because it either is going to range or retrace some pips. However, if a currency pair has only moved 35 pips and the ADR is 80 pips then I'll definitely get in the trade because the currency pair still has room to "move"
It also allows me to set my daily as well as weekly TP targets. Also to know when to close the trades if I want to based on it's ADR. For me it's indespensible
For indices they don't always show the numbers correctly because of the value of the indices. I don't trade indices so it would have to be up to you to test it and see if it works for you.
Regards,
BeatlemaniaSA
I see. Thanks!
Regards: Brett
Re: Cronex Taichi Indicators for MT4
Posted: Fri Nov 05, 2021 2:59 am
by BeatlemaniaSA
Some more info on how I personally see the charts and currency pairs based on the ADR in conjunction with the other indicators that I have on my chart
Warmest regards,
BeatlemaniaSA
Re: Cronex Taichi Indicators for MT4
Posted: Mon Nov 08, 2021 6:57 pm
by BeatlemaniaSA
Hi guys,
Just another update on the Cronex Taichi Hybrid experiment
Suped it up a bit with a few additional indicators
Warmest regards,
BeatlemaniaSA
Re: Cronex Taichi Indicators for MT4
Posted: Mon Nov 08, 2021 9:39 pm
by BeatlemaniaSA
Develop a system that you feel works for and then trust it. Do NOT fear the unknown. Observe, learn and make any necessary changes as required
To all your success guys!!!
Warmest regards,
BeatlemaniaSA
Re: Cronex Taichi Indicators for MT4
Posted: Mon Nov 08, 2021 10:54 pm
by moey_dw
BeatlemaniaSA wrote: Mon Nov 08, 2021 9:39 pm
Develop a system that you feel works for and then trust it. Do NOT fear the unknown. Observe, learn and make any necessary changes as required
To all your success guys!!!
Re: Cronex Taichi Indicators for MT4
Posted: Mon Nov 08, 2021 10:55 pm
by PumbaPLS
BeatlemaniaSA wrote: Mon Nov 08, 2021 9:39 pm
Develop a system that you feel works for and then trust it. Do NOT fear the unknown. Observe, learn and make any necessary changes as required
To all your success guys!!!
Warmest regards,
BeatlemaniaSA
All your indicators are indicating a sell/downtrend here,yet you are buying because price hitting support... am I missing something?
