Hi guys I explain my daily strategy here in this video:
Its pretty simply and accurate
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Posted 25 October 2014 - 07:43 AM
Holyfire that's really looking sweet will put it into a test, thanks!
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Posted 25 October 2014 - 08:04 AM
How many pairs you monitor same time?
Also, let's say we follow only CCI arrows and Value Chart, what ITM % we can expect? without follow SR lines and Fibonacci.
I am now into PA learning but if this one real simple and good, might use as well
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Posted 25 October 2014 - 10:20 AM
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Posted 25 October 2014 - 10:24 AM
How many pairs you monitor same time?
Also, let's say we follow only CCI arrows and Value Chart, what ITM % we can expect? without follow SR lines and Fibonacci.
I am now into PA learning but if this one real simple and good, might use as well
I can not advise you to trade blindy. Use Pivots or draw S/R for yourself. Using these levels is the beginning of PA - IMO.
I have Gold / AUD / USD EUR/ USD and GPB USD.
Expect a ratio of 75 - 80% .
Most of the time I end my trading day with like 4-1.
Also I suggest to put a normal CCI set to " close "on your chart and find out why these arrows appear - what is happening there.
Many PA traders also trade divergence from other Indicators.
I know many people are fed up by these "bling, bling" systems or arrows that promise big profits and throw it all away - and rightly so for 99% .
It is because even the ones who develop such systems see more on the chart then just their indicators - in a sense everybody who is successful trades some kind of PA.
I believe people loose money trading "systems" is because they don't stay focused, they want the system to make the decision for them instead of helping them in their decision.
Thats when they throw it all out and go for PA they have success , because you must stay focused when you trade a barely naked chart. It wasn't neccessarily the systems fault.
Thats why I highly recommend the other system in the video too.
Sorry friends. I will do no further coding.
Posted 25 October 2014 - 10:41 AM
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Posted 25 October 2014 - 12:01 PM
On the 5m charts it showed up with excellent results. It depends a lot on what price you get when the arrow shows up. So how fast the arrow appears and how fast is our execution to get a good price will determine itm/atm/otm. Even with MW 10m(closing of the next 5m bar) also showed good results with a few close calls @80% w/l ratio. If monitoring all 8 currency pairs, could be more than 10 potential trades per day. PA will be a little too slow imho, has to be a sniper no brainer entry. Im confident with this arrow indi cos it makes all the sense and have a dot filter out bad signals instead of vc I will go live Monday with mw to see how it goes. Thanks holyfire!
Posted 25 October 2014 - 12:30 PM
On the 5m charts it showed up with excellent results. It depends a lot on what price you get when the arrow shows up. So how fast the arrow appears and how fast is our execution to get a good price will determine itm/atm/otm. Even with MW 10m(closing of the next 5m bar) also showed good results with a few close calls @80% w/l ratio. If monitoring all 8 currency pairs, could be more than 10 potential trades per day. PA will be a little too slow imho, has to be a sniper no brainer entry. Im confident with this arrow indi cos it makes all the sense and have a dot filter out bad signals instead of vc I will go live Monday with mw to see how it goes. Thanks holyfire!
sounds good, share your filter with us.
Sorry friends. I will do no further coding.
Posted 25 October 2014 - 01:05 PM
Signal Spot here:
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Posted 25 October 2014 - 01:11 PM
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Posted 25 October 2014 - 01:38 PM
Ive packed the whole thing:
http://www30.zippysh...08048/file.html
1. Added some fibonacci indicators for people who want to use Fibonacci (didnt added to chart, its optional for you)
2. Added Candle timer that shows candle timer right near the current candle
3. Added into the template Pinbars
4. Added Mikko Info (will appear right at right top side) will help you to see buy/sell power nice custom indicator actually - I did not added to template this, but you can add if you want its in the package
Still keep the chart clean
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Posted 25 October 2014 - 02:47 PM
I am planning to run Hangout this Monday for that strategy if anyone want join me trade this strategy with me - Welcomed. I am going to demo it on CLM.
London Session. For those who interested - send me your Skype IDs.
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Posted 25 October 2014 - 03:11 PM
"The game taught me the game. And it didn’t spare me rod while teaching."
- Jesse Livermore
My Youtube channel for trading videos - https://www.youtube....user/mindpl4y3r
Posted 25 October 2014 - 03:40 PM
Well rommark I strongly suggest you to do the hangout in BOE hangout… that way you dont have to add people and everybody else can participate too… thats exactly why David created BOE hangout so ee dont have to do personal hangouts…. Rest upto you… and thanx for sharing your stuff u r one great contributor here..
Singh
Hey Hey... It's all HolyFire credit here not mine..I just inspired from this strategy and willing to group up people to master it with me
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