Thursday, December 26, 2019


Where are we headed?

When to go flat
Use IWM chart, it's the only chart you need to see major market turning points

We're still headed UP - we are in an uptrend. It DOES NOT MATTER WHY. Just buy the dips, put in your stops, and buy the next dip. As your trades increase in profit your marhin will also increase, so buy more. It snowballs.

Raise your stops - trail. When you are flat from stops, take a look at the bigger chart, the daily and 4 hour IWM. Plan your next move ahead of time.

I'm long NAS100 now, since it is at all time highs, I'm using IWM for direction.

Stay tuned

MT4 Info

There is TickPIP, and Point. They are all different in general. A tick is the smallest change of price. A Point is the least significant digit quoted. In currencies a pip is defined as 0.0001 (or for JPY 0.01)
On a 4 digit broker a point (0.0001) = pip (0.0001). [JPY 0.01 == 0.01] On a 5 digit broker a point (0.00001) = 1/10 pip (0.00010/10). Just because you quote an extra digit doesn't change the value of a pip. (0.0001 == 0.00010) EA's must adjust pips to points (for mq4.) In currencies a tick is a point. Price can change by least significant digit (1.23456 -> 1.23457)
In metals a Tick is still the smallest change but is larger than a point. If price can change from 123.25 to 123.50, you have a TickSize of 0.25 and a point of 0.01. Pip has no meaning.
This is why you don't use TickValue by itself. Only as a ratio with TickSize. See DeltaValuePerLot()


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