Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
is this DM setup1 Long signal 14.23 correct?
1st bar went above 20EMA at 14.20pm,
is the 5 bars count for setup bar complete only by 14.23's bar per Perry's rule?
Just in case people dont see the other thread.
I have posted a chart and quest on DM signal, setup1,
if some one look at the chart and verify. thks
Can you help answer these questions from other members on NexusFi?
Hey Perry! Quick question - In a method 1 trade, if the FI and DM do not confirm until a couple bars after the setup bar and way past the highest of past five bars prior to the setup bar, do you enter or wait for a continuation trader later? Thanks and sorry for the ignorance. SS
(1) The ADX/AboxForRange/Rangebar number in the lower left box is always Green.
What adjustment do I need to make to the parameters so that when less than 25
it turns Red? I've posted my settings on the attached screenshot.
(2) Wish I could get a warm and fuzzy feeling from the jtRangeMarker in terms of knowing
where that last candle will close. Sure there's a footprint around the candle but I haven't
really figured out where it will close. I'm wondering if one of my settings is off. I've attached
a screenshot of those parameters, too. Maybe I'm being too picky or my eyes haven't
adjusted to looking at it yet but something feels off (unlike the DonchianRectangle, which is a
real assistance for me.)
(3) What session template is preferable?
(4) "Calculate on Bar Close" in the Parameters should be True or False for all Indicators?
if the price touches the marked high or low of this box, a new candle will start.
the trick is the current candle will not close on the borders of this box but the new candle will open at this borders.
the current candle will close when price has done more than 4 ticks.
so you know where it will have its close but if it is closed the price is minimum 1 tick away from this BarClose.
so you can enter at the Close of the closed Bar if price comes back or you enter where the new Bar opens (at the box-border)
The ADX color will change from GREEN to RED according to the Threshold number in the indicator. If you put the threshold to 25 and not 14 it will change.
The Jtrangemarker puts a samll rectangle around the current bar showing the top and botttom expected extremes. If you put price = TRUE it will show the price level as well instead of trying to look for the price of the top or bottom. It is very accurate and you can put buy and sell orders at these levels. If the level moves you ajust your order entry.
Session template 24/7
I put all my indicators as Calculate on bar = FALSE.