smart guy!
If you don't place the MACD and RSI in your chart that the brokers will never understand where the low or high for your day are suppose to be on their charts
Hi Merlin,
I was wondering why you mentioned MACD and RSI as you did not explain how to use it in the principles cited (or maybe I didn't get it).
Thanks,
Mangala
Merlin like a lot of others that I know are extremely bored with all the range trading that's happening at present so he's playing silly bugger. But what I do not understand is why is he the only one allowed an avatar. I mean this truly sets him apart.
10 people died in a plane crash on the border of the US and
Canada. Where did they bury the survivors?
I am afraid I don't know the explanation of this egy. If your day begins at 5 pm ET, then by definition that the very first bid/ask that trades at 5 pm constitutes the high/low of the afternoon. Every move then will create either a new high or a new low -- how else can one decide whether it's low or the high of the day? Furthermore, if we're searching to get DAILY high/low, what difference does it make if we're about the 1 hour chart or the 1 minute chart? On either chart the price is going to be the same, even though it's the high/low of the day it also is going to function as high/low of the hour and the minute. Also, you mentioned putting RSI and the MACD on the chart, but you did not explain what we are supposed to be on the lookout for with these oscillators. What are you up to Merlin?
Where can we loe this egy? Or did you just make this up?
Have some snapshots of your back testing?
Thanks!
Chris
well, it has a 99.9% win ratio therefore in the event that you have to stay up all night it needs to be worth it