TRADE 4 - USDCHF H1 - TRADE hit SL at market close, WIDE SPREAD!
it is not the first time we get to learn this aspect/LESSON. TP was moved to BE but still too late; kept hoping to get out of this trade, in time, but it turned to lose and now that's it!
Re: MURREY MATH lines
23hi, why do you need a news indicator, for what purposes does it serve, what settings of the murray do you use (which square is 64 or higher)? is it possible a template with indicators of your vehicle with settings, thanks!
Volente Deo
Re: MURREY MATH lines
24If you could provide your template that would be great looks like a clean and clear system.Antonio wrote: Fri Dec 27, 2019 5:29 pm hi, why do you need a news indicator, for what purposes does it serve, what settings of the murray do you use (which square is 64 or higher)? is it possible a template with indicators of your vehicle with settings, thanks!
Re: MURREY MATH lines
25TRADE 6 - USDCAD M15
After 1 hour observing that the trade does not develope favorable and after the Frankfurt market opened, the trade does kept going against, decided to cut loose (well done) and just placed a pending sell stop for a new re-entry if the London open will move favorably towards the support level (MM 0/0) where profit was expected to be taken. Otherwise, if after London opens, and the market price gets above MM 3/8 line, I will surely close the pending order as well, accepting the loss.
After 1 hour observing that the trade does not develope favorable and after the Frankfurt market opened, the trade does kept going against, decided to cut loose (well done) and just placed a pending sell stop for a new re-entry if the London open will move favorably towards the support level (MM 0/0) where profit was expected to be taken. Otherwise, if after London opens, and the market price gets above MM 3/8 line, I will surely close the pending order as well, accepting the loss.
Re: MURREY MATH lines
26There is a fundamental force behind market movements as well. You should be aware of this aspect if considering to trade.Antonio wrote: Fri Dec 27, 2019 5:29 pm hi, why do you need a news indicator, for what purposes does it serve, what settings of the murray do you use (which square is 64 or higher)? is it possible a template with indicators of your vehicle with settings, thanks!
This force is called the news!
And it is part of any fundamental analysis.
Attached you may find the MM indicator with the settings (period 200)
Attachments
Re: MURREY MATH lines
27I perfectly understand what the news means, I wanted to hear how you use it with your system, maybe you don’t go to the market or turn around, you are interested in the rules of the exact entries and if for example there is something on the foundation, then ignoring the entrance to the market or the turnsizabici wrote: Fri Dec 27, 2019 7:12 pm
There is a fundamental force behind market movements as well. You should be aware of this aspect if considering to trade.
This force is called the news!
And it is part of any fundamental analysis.
Attached you may find the MM indicator with the settings (period 200)
Volente Deo
Re: MURREY MATH lines
28Here you may find the indicators that I am using.insix wrote: Fri Dec 27, 2019 6:20 pm
If you could provide your template that would be great looks like a clean and clear system.
Feel free to put the IceFX.NewsInfo.dll file into the aMQL4/Libraries director and of course set the news indicator to your time zone!
The template includes the settings for GMT+2 DTS(day time saving) -off
Also from here, you may get a very useful script so that you may open your trades with controlled risk and good money management; theoretically at least
Practically you will always do whatever you want and that is why I may consider sharing with you as well this audiobook
Attachments
Re: MURREY MATH lines
29TRADE 6 - USDCAD M15 - RE-ENTRY!
The speculative supposition that the London Open may get in our favorite was right sellers stepped in and our sell stop re-entry put us back on track to recover the loss.
TP1, Sl to BE flouting free trade
The speculative supposition that the London Open may get in our favorite was right sellers stepped in and our sell stop re-entry put us back on track to recover the loss.
TP1, Sl to BE flouting free trade