Forex Freeway - page 12
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Mm
Thanks Dans for active reply! and profit trading to all with FF...
Desoft,
I was just pondering an idea that I had yesterday when I encountered the SL placement trouble. Just tell me if I am nuts...
Scenario:
Even in a healthy uptrend there will be always downfractals build, and in a downtrend there will be up-fractals. So lets say all freeways switch to green for an up trend. Now we wait for a down fractal to be build and place out long trade after this downfractal confirmed by the first no-touch candle.
That way we get our stop much closer to the market and have it still hiding behind the fractal?
In a good up trend, the down-fractals are likely to be higher than the last one. So if our stop gets taken, we might be wrong about the trend anyway in first place.
What do you think?Dan,
Just to be sure we are on the same page, could you place a pic as an example where you would place stop and entry. Thanks.
DeSoft
Yes, use the Forex Freeway for momentum, but MM for entries. Would be great to have MM icorporated into the FF. pretty please
Daniel,
I need a better entry exit approach. Could u tel me where I can get the Murray Math indicator/
regards..jj/.
Sure mate, here you are
two versions, I use the "F" one, because it shows the change.
Also, I've asked about it before, but do you guys think there is a way to incorporate MM into FF instead of the other lines? In the worst scenario, it would do me no ends of good if I could put four instances of the "X" version on the chart (and set the time period individually for each one). Unfortunatelly it doesn't work. could it be because the names of all the variables are the same and the calculations are made "between" indicators. Sorry if I talk gibberish, but I've no clue about programming. ....help....
Tanks Daniel,
I'll give it a go. About incorporating the MM into the FF, sorry I can't help; I'm in the same predicament as you ...not a programmer. I am learning however and want to give the MM a try.
tanks again..jj/.
I booked +88 pips so far.
9 trades closed, 7 profitable, 2 expenses
2 still open positions short swissy at +15 and short e/j +10
........
swissy just hit target +20
so I am up a healthy 108 pips today
Great stuff!Hi dan,
How is trading this system going now.
Could you please post a statement.
Thanks
Here is a screen.
Not a really good example since the market is very slow this asian.
But it was just what I have on screen when waking up.
In a moving market, the difference in our entry price is much more than the 5 pips in this dead market, allowing us to go in with a much tighter stop.
The idea is not to wait for a support line to be broken for shorts, but hit the market when it found new resistance.
Please notice that the new resistance is lower than the one before.
Hi dan,
How is trading this system going now.
Could you please post a statement.
ThanksI won`t post my statement here, sorry.
That day I ended up with +128 in 11 trades with 9 wins.
The next day I paid back around -100 due to too huge stoplosses which got hit on a US data release.
Thats why I am trying to get an earlier entry to get the stops closer to the market.
Sure mate, here you are
two versions, I use the "F" one, because it shows the change.
Also, I've asked about it before, but do you guys think there is a way to incorporate MM into FF instead of the other lines? In the worst scenario, it would do me no ends of good if I could put four instances of the "X" version on the chart (and set the time period individually for each one). Unfortunatelly it doesn't work. could it be because the names of all the variables are the same and the calculations are made "between" indicators. Sorry if I talk gibberish, but I've no clue about programming. ....help....Yes, it would be nice to have the murray lines in the freeway.
Because on 5 min the clutter up the screen alot.
Yes, it would be nice to have the murray lines in the freeway. Because on 5 min the clutter up the screen alot.
Also, in a ranging market, one could trade in the direction shown by the MM, even though the CCI lanes aren't in unity.