Hello FXKing,
You can get the answers in the thread:
ATR utilized for SL: It is possible to use 2 bar highs/lows in that particular TF, or 1.5 times the ATR of the specific TF--is based on your pain tolerance--
Timeframe: Depends--to get Mt/LT positioning, i.e., on daily wkly charts, I utilize H4 TF to get entry/exit--once I am scalping on H4/daily timeframe I use H1 TF--I don't trade lower than that--
Timeframe SL : I utilize simple trend after egy based on 4H, daily wkly TF -- I utilize 1H TF for entries exits--I also employ candlestick pattern, laguerre Demark lines for estimated target points--now I don't use any company SLs --if a ranking goes a/g me (say by 100-150 pips in case of G/J), possibly I will bail out inverse (if the inverse trend is strong)or will only hedge to attempt and come out b/e (minor retracements)--
I also use Keltner-channels for potential entrances exits. You know that the upper lower bands are std deviations in the center ring (10 MA). So on a lengthier TF, during which range period usually PA will be limited within these bands ( you buy at lower band sell @ upper group --if the market is trending, then, you sell if price goes below lower band buy above upper ring the middle line (10 MA) being your SL in this instance --ofcourse I take into account additional factors, but K-channel helps me orient to the current PA--
Template: Just put the four indiors (CandleTime.mq4, DeMark lines.mq4, Keltner Channels.mq4, Laguerre2A.ex4) with standard parameters on your charts and you will get the template used by MG.
_____________________
Hello MG,
Thanks for your strategy, I'm detecting DeMark traces, very interesting tool. I will buy his book.
About COT report:
I've readen your phrases about COT report (with the Yen illustration ), but I haven't understood how you are able to establish the trend of the subsequent week. I've observed a lot of posts on investopedia.com, pfxglobal.com, and several blogs (marketswimmer.com, etc...) about COT however there is a lot of different variations about the best way to examine these information... (not found any that can match with forthcoming trends). On what informations would you focus your attention, Open Interest? Non commercial ? Commercial ? Total ? Nonreportable positions ? Difference between reports of two weeks in long/short, affects, percentage, number of traders?
Also, thanks to Automan for its report of the autopips! Keep the good job.
Regards,
Funyoo.