about Level 4
I am so glad that I catch up with the latest threads finally! It takes me 4 days to finish reading this thread. Benefited a lot here! Thanks again!
I have a question.
In a thread by Nina before, nina said he use juice on M5 to determin the strength for level 4 trading. Does this mean, we need to go to the M5 chart for Level 4 trading? Can we use the juice indicator on other time frame?
Thanks for your help.
Congratulations on all your reading, I remember when I did the same thing...lots of work!
Using the 5 minute TF allows you to see if there is solid action. It will reflect if the breakout is all long candles or short ones...kind of gives you an idea of strength. I'm sure you can use the juice indicator too.
However, a level 4 is a breakout by any other name. It's called a "breakout" because price is going through an established line.
The easiest way to see if you have a breakout is to draw a line that includes the highest and lowest candles. If you'll notice, the price tends to travel up and down between that range. After watching it for some time, if you notice the price has gone through the baseline high or low, you might have a breakout.
About trading station
Whats with FXCM trading station?
Can you be more specific?
Give FXDD a try they work with meta trader.
Good company -- they still work with MetaTrader 3 though -
They tell me in a few weeks they should have MetaTrader 4 hooked up to live
Anyone take the long trade on Yen - Signal at 21:00 (UK time)?
Does anyone trade outside the trading hours suggested by this system?
yep I do. I noticed usd/yen but missed the ride (at the gym), It's broke the 111.91 high so it may go all the way. Are in that trade kirsty, if you are, well done.
Thanks Dave, Funny I was in the gym as well and just got back in. , cant watch it 24/7, well hopefully there will be some good signals tommorow!!!
Good Luck and Pips to all!!!!!
Canada took a hike today too - I saw it too late -- but the Asian session I have noticed seems to be a good time for the yens and other pairs that we dont work with in the Europe and NY sessions.