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Re: The Forex Guy Chart Info + Breakout Alert tool There is a guide in the price action protocol on how to set-up to the risk reward tool... http://warroom.theforexguy.com/priceactionprotocol/index.php?chapter=risk-reward-ratios

The news can't be avoided, it's a fact of Forex trading and can get in the way of any trading signal from any trading system. When you're trading from the daily chart, you've got less chance to be negatively impacted by the news. I don't watch the news, I just follow the price action. The...

If you just want to set and forget that's fine. Just make sure you take good quality setups.

Personally I don't really look into them much, unless the round number is forming an obvious market top of bottom. The thing is - we will be able to identify if the round number, or any other price level is significant from simple chart analysis, looking at if the level has been acting as...

Hey guys, thanks for sharing all your stories. Everyone has had their own battle/or battling with the markets in some way or another. Welcome to all new War Room traders.

I am not sure how to help you laowongbl, it works for everyone else and it sounds like you're installing it properly. There are a few out there, google inside bar indicator and try some of the other ones out there. They might work for you.

Re: How do you guys trade in a up/down channel? using protoc I don't really like trading channels, I prefer to stick with stable trends. Channels are too rough and choppy.

Hey Steve, Have you read the latest articles in the debrief section... Working With Different Trend Structures You're basically just looking for the market to be making the HH HL, or LH LL pattern while respecting the mean value as dynamic support or resistance. Also the mean value should be...

Trends come in waves generally, so it's between trends when the market 'lulls' out that you find ranging and consolidating markets. Sometimes it can happen for months until you see a trend, but with some luck you will find a trend on one of the cross pairs or something. You just have to hope...

I believe it's mostly a myth, most traders are trading lower time frames that are loaded with market noise. Lot's of whipsawing when you're on those low charts, traders just blame these market vibrations on brokers stop hunting. Especially with regulated brokers, they are forbidden to...

Hey thanks for the post Steve, I think to help you discipline yourself, you need to really isolate what 'common denominators' caused you so many losses, and also the common denominators that keep popping up for those winning trades. Straight away I can see all your winning trades were taking...

Maybe, but I don't want to over complicate the system, more research and testing needs to be done here before we essentially 'go live' with it. I am also heavily interested in renko candles and have been on-and-off researching these guys for the past 2 years. This whole 'reverse trade' thinking...

Re: power bar Failure signals as entry points I really like you're thinking here. I have thought about this heavily a few years ago and did discuss it with my trading buddies at the time. The idea was, "A failed signal is a trade opportunity within itself". Once idea that I came up with...

Thanks for sharing, I have been slipped over stop losses during heavy news with other brokers, it's very annoying. It happens a lot with brokers who don't have good liquidity. Did you check in with your friend, how did the straddle system go for him, I am sure it washed him out as well.

Yes they are all there in the War Room member content seciton

you need to place the file in your /experts/indicators folder, inside where your MT4 is installed. Mt4 is generally loacted in your program files folder.

You should feel less stressed about the trade now because you can't lose any money from it.

Fear is one them emotions that messes around with our trading performance. Maybe the split money management system would be good for you, if you used it here you would have hit the break even mark on the 1:1 trade, leaving the second trade open with 0 risk. I think the split MM system is a way...

how come? freaked out?

Good luck there fxtrader, really need to see them lows taken out to get this market moving.