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- GirlFlyer replied Jan 28, 2008
Example of Reading the trends... Aud/Jpy — Hi Everyone, I'm attaching a chart of the Aud/Jpy with some comments and views on how to trade in this situation. This is a recent 5M chart of the Aud/Jpy. Since Friday it has been on a down trend as ...
Scalping/Trading the TrendWay
- GirlFlyer replied Jan 28, 2008
Thanks for the comments. Always appreciate knowing from those that find my suggestions helpful. GF
Scalping/Trading the TrendWay
- GirlFlyer replied Jan 28, 2008
CE, That EA is an unpublished EA of my own. It is an experimental EA at this time that I am writing that attempts to trade the method of which I outline in this system. As of this time I have not released it to the public. I may eventually do so as ...
Scalping/Trading the TrendWay
- GirlFlyer replied Jan 24, 2008
In this single case, the eur/usd was actually in a downtrend, but it was going down fairly fast so I was looking for a bounce off of support, and in this case it occured and that's what I achieved. However, i look at market sentiment mostly to ...
Scalping/Trading the TrendWay
- GirlFlyer replied Jan 23, 2008
An example of a real trade — Here is an example of a trade I made on the Eur/Usd this morning. I've left the chart clean and simple. It shows the downtrend, then the break up which I entered on, and the exit when the price broke through the ...
Scalping/Trading the TrendWay
- GirlFlyer replied Jan 21, 2008
Sorry if it has sounded confusing, but the principle method is to enter a trade when the trend breaks and switches to a new direction. Thing is the price is making new trends on different time frames all the time and this is the part that takes ...
Scalping/Trading the TrendWay
- GirlFlyer replied Jan 20, 2008
You still have to follow the direction of the major trend... if you are trading on the 5M chart, look at the what direction the trend is going on the 15 or 30m chart and only trade that direction. If you can manage to catch the moment when the ...
Scalping/Trading the TrendWay
- GirlFlyer replied Jan 20, 2008
Bolt, I agree with you that it is definitely possible. The work behind a successful EA though is definitely not easy. I like the problem to the original days of programming computers to play chess. The first computer programs could never come close ...
Scalping/Trading the TrendWay
- GirlFlyer replied Jan 18, 2008
Criss.... Sorry to disappoint you, but while I could code the EA to pick up on any open trades it had from before, I don't believe it would be worth the time. This EA has no functionality. There are no rules for it to make a decision to buy or sell ...
Help with EA!
- GirlFlyer replied Jan 18, 2008
Glad to know that its working well for you. GF
Scalping/Trading the TrendWay
- GirlFlyer replied Jan 18, 2008
Actually, I am working on an EA for it, but I'm having some difficulty at this time getting the computer to recognize the proper trend lines most of the time. Although, preliminary results are looking promising. I ran the EA on a back test for 2007 ...
Scalping/Trading the TrendWay
- GirlFlyer replied Jan 18, 2008
The method is valid for any pair... its the great thing about it. You can use it on whatever pair you like. My favorites are the ??/JPY pairs, but I've used it on just about everything. GF
Scalping/Trading the TrendWay
- GirlFlyer replied Jan 18, 2008
An additional sample chart plus an Indicator — Hi Everyone, A few questions were raised on drawing the high/low points and I've attached an indicator that will mark those H/L points for you if you're confused on that. I've included the code ...
Scalping/Trading the TrendWay
- GirlFlyer replied Jan 17, 2008
The fractal indicator plots the H/L points just as well... and yes you could use that. GF
Scalping/Trading the TrendWay
- GirlFlyer replied Jan 17, 2008
A good analysis paper. I remember reading this a long time ago but forgot about it. His paper is thorough, but long reading. Thanks for the contribution. GF
Scalping/Trading the TrendWay
- GirlFlyer replied Jan 17, 2008
If you wait for the bar to close... you may be too late... once the price exceeds the TL by a few pips (i find usually by around 5 on a short time frame more if longer) ... you can figure its going to make its break the other way. Try using the ...
Scalping/Trading the TrendWay
- GirlFlyer replied Jan 17, 2008
I like the 5minute chart for gathering trades that will return 30+pips. If you want to scalp, you can do this on a 30 second or 1 minute chart..., just have quick fingers.
Scalping/Trading the TrendWay
- GirlFlyer replied Jan 17, 2008
low/high points on your chart are determined by seeing if both bars on either side of the bar in consideration are lower/higher than the bar you are looking at.
Scalping/Trading the TrendWay