PowerTrading/The River - page 24
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so what
yes i see the same it is in the river now
But i think if we short it will be loss
Why do you think ? if followed the rules then loss is loss, and win is a win
so what
yes i see the same it is in the river now
But i think if we short it will be lossi dont know i tried a lot here and always follow the rule and always loss loss loss i am stressed.
GBP/USD is on the river exactly on 4H charts.
GBPJPY is on the river 15M chatrs and battling
losses and false signals
To avoid losses and false signala it would be usefull to have filters.
PowerTrader, could you explain how u filter false signals, otherwise one can drawn in your 'River'
Also some info on how to join your chat room, please
SELL signal: but price is betteen 61.8 and 50 fibs of 4hr
SELL signal: but price is betteen 61.8 and 50 fibs of 4hr
peterdias,
would you care to explain how pivots affect Entry?
Hello SG,
Actually i just read bout this system last couple of days, so today is my first day seeing this system live. The fibs i draw on the 4hr chart, here is a clip of 4hr.
you can see clearly price is stuck between 61 and 50 fibs.
peterdias, would you care to explain how pivots affect Entry?
Filters and such
There are some filters you can use to filter out bad trades. First it is important to filter out days when price is ranging way too much. The Geppy for example is moving at half the normal daily range and same thing with cable.
Also time of day. It is better to trade from late in Asian session or early in Euro session to about 18:00Gmt. This will eliminate most bad trades.
PT
Can you explain what is the Geppy and how to use it? I probably missed it somewhere....