Alligaturk posted:
   Rule1 :
optimism patience discipline

Rule2: Money management.

rule3: never have fear greed


Steve, is that you?

a very short summery.
overall it is correct.
the issue is 'devil is in details'

   Alligaturk posted:
   Rule1 :
optimism patience discipline

Rule2: Money management.

rule3: never have fear greed

when trades hold open very long, there is always a poss of reverse fast movement. today we had on many pairs corolated with EU.

read this.

if trader trade with time based charts trader should close trades at a certaion time which will be defined by the average position hold time from his trade history.

if trader trade with range based charts( renko charts - range bar charts ) trader should close trades at a certaion level which will be defined by the average position MFE MAE values from his trade history.

if trader trade with tick based charts trader should close trades at a certaion tick which will be defined by the average position tick values from his trade history.

walker

I am working on a very simple system that can work with any time frame and any chart any ınstrument.

I use 3 different MA to determine the patterns. cross is not the key. key is the waves.

I use MA to determine waves. eyeballed on many currencies and seems to be working.
it is not possible to code it.

the idea is the faster MA waves over slover MA. very simple.
basicly this is the nature of the price action before moves.

hope I can make it work.

walker

thanks for the input.
this is only faster wave over slower wave. thats all. if it runs ok I will post the scrrenshots here.
the good thing is determining stop is very easy.

last support/resistance + 2 pips. for all time frames. you can set +5 pip for daily chart.

I had checked commodities stocks currucies. it is always doing the same thing. is it %100 ofcourse not. the action does not mean that will move further. if it can win the war buyers/sellers it will or fail.


on the other hand,
today I was thinking, like on friday afternoon, HOW PRİCE STARTS TO MOVE ONE DİRECTİON WITH ALL MOMENTUM AND STRENGTH? FX market is very deep!

market players are not dating on FaceBook and make a deal to move price one direction.

how this happens. If we can understand the logic then we can react according to that.


   Chikot posted:
   Steve, I was reading one guy at Oanda. He back tested 2 ema's against 3 and told 2 ema's show better results.