Thursday, May 13, 2010

Re-entries

Going with the flow again, getting out at the slightest resistance and re-entering at the (or a tad before) the previous exit point.

3 comments:

salamander said...

hello forexbird,I see that you use ninja trader as do I. how can I set up my charts with the moving average rainbow that you use? is it a custom code? thank you for your time......

The forexbird said...

SALAMANDER,

WMAs 48,54,60,and 80,90, 100 ...150.
Ema 21.

That is for the main chart. Indicators are a common CCI 50 and 2 others I cannot share because they contain intellectual property of some friends. But I don't rely much on indicators any more..

Kapil said...

When it comes to re-entry, it is absolutely crunch that we do it when there is genuine opportunity arises, it should never be done on just wish list, and it will only make us lose badly. I am lucky enough to have OctaFX broker at my corner with their superb low spreads of 0.2 pips for all major pairs yet they got beautiful rebate program where I am able to earn 15 dollars profits per lot size trade even on the losing trades too.