I'm having trouble trading the direction when I'm getting seemingly ideal bars on every 4HR bar.
I took a trade on GBPJPY yesterday that set up a short trade. It bobbed about most of the day around the entry, then overnight it got stopped out. Price was still on the weekly open again.
I have been using the ATR Indicator that was kindly uploaded by Pilinger for some time now.
However as of roughly the week starting 12.01.09, I have found that the 100 period figure at the top of the screen has stopped displaying.
A quick video on where and how to download the period converter indicator for Metatrader 4, to adjust the timeframes to your chosen ones.http://www.youtube.com/watch?v=xVZbFheg7E0
I made a little checklist for myself for the trade systems that I have used.
They are for the Fib set up, and the Breakout set up. I have found these helpful because I can check off each stage of the set up to make sure it is valid.
If they can be of any help to you, feel free to use them, or adjust them for your own purposes if you want.
Ok, while I've been a little quiet today due to my head not really being with it for some reason, I decided to write a little guide on how to set up the chart window view for Metatrader users.
Feel free to follow it or ignore it, but due to my OCD I couldn't stand just using a 15M chart on my screen any more, and continuosly clicking different timeframes.