The London Open - page 11
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About trading around news for Kennard. On a 15m strategy it can be highly dangerous but on a 4hr chart it doesn't really put a dent in it.It's always risky but if you're 100 pips up at the time, you can always be happy with the 100 and close or move your stop to +50 and see what happens.Personally, I'd take off part of my position and lock in some profit, then let the rest ride.
Thanks for your view Pimp.
La Pimp
It also means in all places at all times!
But of course you are all the other bits as well.
F
Hi, can anyone help me set up metatrader for this system. I dunno how to put the the 60min sma on 15min chart and my cci is different...
thanks.
S.
Hi Piper,
To put the 60m moving averages on just quad the values, so to put the 60m 20sma on just add a 80 sma.
For the CCI we use woodies cci which is nice and clear if you don't have it let me know and I will attach it.
When you say you can't put the CCI on do you mean you are completely new to MT4 and don't know how to add an indicator, or are you having problems with just that one indicator.
Hope this helps - scorpion2
hi rollingstone. Thank you so much for your answer. I've been trading on metatrdeder for a month. I know how to put indicators but i don't know where to d/l or how to install indicators like your...
S.
and my cci indicator gives me a simple line, no bars, no change of color etc...
what are all the sma and ema i need to set up?
S.
Hi Sarah
Copied this into Word when Dan007 posted it on another site - it's well worth reading, re-reading and digesting, just the bones of his system. Have a read through while Scorpion sorts out about your indicators.
Regards,
Fran
______________________________________________
Dan007
Hi all
Trust everyone is well.
My philosophy in trading is TO keep it simple and stick to your trading plan.
I use a 200 ma & 50 ma simple and a 20 ma exponential. The 21 CCi and 10 CCI are key as well for trends.
I work off a Daily, 60 min and 15 min charts for specific entry points.
The 1st point is to always remember where you are compared to your 200 ma. This is critical and the greater the distance you are away from the 200 ma the greater the chance of an aggressive pullback to the 200 ma.
There are 3 stages in a move...
1) The drive away from the 200 ma. Use the 20 and 50 ma as a support or resistance.
2) The pullback and break of 20 ma and 50 ma. This is what we call the Box strategy when the candles are boxed between the 200 ma and the 50 ma. Be careful here as you never truly know the exact support and resistance levels. However the 50% retracement rule is key here and calculate this before every trade.
3) At the point of return to the 200 ma is key. This is the resting point and you need to wait for a clear move for the direction. The 21 CCI is key here and on every time frame the 21 CCI shows me the trend.
Recently with the markets being so bad I have had to move onto the 15min on the currencies for entry points so I can grab at least 25 pips on each trade on the London open. I tend to pick 3 or 4 from the 10 pairs.
I have specialised on this for ages and it definitely works.
I focus on pairings of CHF's, GBP, EUR's and then JPY's and when these pairs move together I then look for the best setup and then trade the 2, 3 or 4 pairs and this tends to bank me quite a bit each am from 6.30 am to 10 am.
Sentiment is changing by the day and be wary of false breaks on 15 min charts. The 60 min smoothes it all out.
Also always remember where the price is in relation with the 200ma. Vvvv important, as pullbacks can be aggressive the further away you are from the 200 ma.
thank you rollingstones!!!
So on my M15 chart, i have 200SMA, 50SMA, 80SMA & 20EMA right?
Where can i d/l the cci?
S.
Hi Sarah, my partner and I have both been posting using the same name for a couple of days, so we don't get confused I have re-registered as FFscorpion, as I am known as scorpion on the FF forum.
Anyway, down to business.
I have attached the cci's you need, to copy it into you MT4, go into explorer on your computer and find the MT4 installation, it will probably be on the C drive and will be something like program files\ alpari(the name of the download you are using).
Once you have found it you need to go to the experts folder, then the indicators folder. Then just copy the cci into there.
Close you MT4 and re-open it, go to view on the menu across the top and open navigator.
Go to the folder called "custom indicators" you will see the CCI's in there, drag the 84 onto the chart, set the minimum and maximum to 350 and -350 which stops it moving around, and go into Levels and put levels at -100, 100 and zero.
Drag the cci 21 onto the chart and do the same.
You will have to ask Dan about the full range of MA's he uses, personally we only use the 60m 20ema and the 60m 50sma, but thats just personal preference.
Hope this helps
FFscorpion (formally half of rollingstone)
and my cci indicator gives me a simple line, no bars, no change of color etc...what are all the sma and ema i need to set up? S.
Don't forget that the main player here is the 84CCI on your 15m chart, not listed on the previous document I don't think.
A 10CCI is not necessary on the 15m either. It's too sensitive.
I've added the FXSniperCCI for you. The top two colours in the setting represent above / below 0.0 so change blue to green and brown to red, thickness 2.
The bottom 3 colours need to be the same as the background of your chart.
Don't change the grey or yellow, they'll reset to grey and yellow.
Just read and read again the thread and keep up to date with the charts posted and you'll soon pick it up.
Good luck
CCI will not upload as it's an .exe You can find it on forex-tsd.com