Monday, April 19, 2010
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"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
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4 comments:
Dear Forexbird,
If I may ask you about your settings, my Ninja chart don't look at all like your. I mean that when you have 3-4 Chart Bars for 10 pips, I have more then 40 bars... Your charts are so clear, so readable... What is your secret ;-)
I am also using a "Rainbow", but you "own cooked one" is less messy. Can I ask you if you use WMAs or EMAs ?
Last question, promised :-), I saw that most of the time you take position in the same direction then the red line... Is this line a 50 EMA, or an SMA maybe ?
I understand very well that you blog is not about such technical stuff and will not be offensed if you cancel my comment.
Best regards,
Sparrow FX
no secret : setting is 3 and select range bars. you must have one bar for every 3 pips move.
I use WMAs, the less possible.
the red dotted line is a 21 EMA.
Really kind of you, I appreciate loads. Hold on your amazing job, it is important that someone does this kind of things. I will try to write my blog also, but who has enough time ? Nobody of course, that's why it is so nice from you to take time for this.
P.S. I also have to thank you for the books and music ideas.
I wish you all the best,
Sparrow FX
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