Hi Immy,
with EJ I have the problem of 3 pips spread, but when I see the move, this shouldn't matter. Or I should really go to pepperstone. But I'm not used to EJ.
But I had a little more luck today
+ 9 on GU and + 8 on EU, both below M5 Aims level. That finishes my day with + 3.2 %, which I hadn't for a very long time.
That's enough for today !
Bettina
Bettina's Journal
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Bettina
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Re: Bettina's Journal
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immy
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Re: Bettina's Journal
Bettina!
Well Done for your 3% for the day! (party) (hug) I know you've been working hard and your hard work and patience must pay off!
Keep doing what you're doing! You'll get the hang of it pretty soon! after that its just boring repetition!
cheers
Well Done for your 3% for the day! (party) (hug) I know you've been working hard and your hard work and patience must pay off!
Keep doing what you're doing! You'll get the hang of it pretty soon! after that its just boring repetition!
cheers
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Bettina's Journal
I hope you were trading GU M1 today 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Bettina's Journal
Here is an example of a possible entry to catch continuation of trend . catching the 5th of this 3rd up on m1.
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
Bettina
- Free Member
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- Joined: 28 Dec 2011, 19:55
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Re: Bettina's Journal
Immy, yes, I see. That's exactly one of those I never dare to. Good to know.
Had 10.2 pips on EU and am proud to have recognized a w2 (????????????????), or something that looked like it BTW, the white marked candles are Divergence Candles. If anyone is interested ...
The parameter PrevBars allows, that for bearish DC the high is not only higher than the high of the previous bar, but of the last PrevBar bars ( bullish vice versa ).
Had 10.2 pips on EU and am proud to have recognized a w2 (????????????????), or something that looked like it BTW, the white marked candles are Divergence Candles. If anyone is interested ...
The parameter PrevBars allows, that for bearish DC the high is not only higher than the high of the previous bar, but of the last PrevBar bars ( bullish vice versa ).
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Bettina
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Re: Bettina's Journal
Shame on me : There was something wrong with the divergent candle indicator. Hope this one is correct now.
New name BDC.
Sorry for that !
Bettina
New name BDC.
Sorry for that !
Bettina
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Dave
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Re: Bettina's Journal
Sorry for my ignorance, Bettina. Could you please explain the BDC indicator again, i.e. what are the parameters that differentiate the bar as a BDC? I just wasn't sure what you meant by "not only higher than the high of the previous bar, but of the last PrevBar bars".
Thankyou!
Thankyou!
Now, I choose to make a profit in trading.
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Bettina
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Re: Bettina's Journal
Hi Dave,
Sorry, it really wasn't clear.
Immys rule for BDC is :
Bearish Div Candle
a ) High is higher than the high of the previous candle ( higher than 1 preceding candle : PrevBar = 1 is standard now )
b ) Close is lower than the high of the previous candle
c ) Close is in the lower half of the candle
Bullish vice versa :
a ) Low is lower than the low of the previous candle ( lower than 1 preceding candle : PrevBar = 1 is standard now )
b ) Close is higher than the low of the previous candle
c ) Close is in the upper half of the candle
Just in case you feel, there are to many, you can change prevBar to 2 or 3. This affects only point a ) : candle high must then be higher than the high ( low must be lower than the low ) of the 2 or 3 preceding candles.
Usually it catches the top/bottom candles also.
But standard is the above a) - c ).
Hope this is better now ?
For me it was interesting to see :
When do they appear, but more how often do they appear, are they good for exits......
Bettina
Sorry, it really wasn't clear.
Immys rule for BDC is :
Bearish Div Candle
a ) High is higher than the high of the previous candle ( higher than 1 preceding candle : PrevBar = 1 is standard now )
b ) Close is lower than the high of the previous candle
c ) Close is in the lower half of the candle
Bullish vice versa :
a ) Low is lower than the low of the previous candle ( lower than 1 preceding candle : PrevBar = 1 is standard now )
b ) Close is higher than the low of the previous candle
c ) Close is in the upper half of the candle
Just in case you feel, there are to many, you can change prevBar to 2 or 3. This affects only point a ) : candle high must then be higher than the high ( low must be lower than the low ) of the 2 or 3 preceding candles.
Usually it catches the top/bottom candles also.
But standard is the above a) - c ).
Hope this is better now ?
For me it was interesting to see :
When do they appear, but more how often do they appear, are they good for exits......
Bettina
Last edited by Bettina on 01 Feb 2013, 10:40, edited 1 time in total.
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immy
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Re: Bettina's Journal
Dave, hope you've read my journal where I explained the BDC and the concept behind it!
cheers
cheers
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
Dave
- AIMSter
- Posts: 865
- Joined: 13 Feb 2012, 06:05
- 13
Re: Bettina's Journal
Thanks Bettina for your thorough explanation, and yes Immy I have read the journal post a couple times. I was more questioning the theory/code of the indicator.
Thanks!
Thanks!
Now, I choose to make a profit in trading.