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Forex Trend Catcher EA 721 replies
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DislikedHehehe tomorrow? I just placed a trade !!
I take everything I can!!! (yes I know, it's Sunday evening)
And BTW tomorrow is a holiday in US and Canada, so might be slow.
See journal:http://www.forexfactory.com/showthre...=1#post1572217Ignored
DislikedCryten,
Thank you for your system. It is one of the best TF5 systems I've seen so far.
Nevertheless, my experience tells me that we should focus more in losing trades than in winning ones.
GBPJPY is a wild, wild beast and can erase in seconds what you've made in days.
I attach a chart to show what I'm saying.
THX.
MarcIgnored
DislikedQPips,
did you gather your first pips of september? The long move has just closed with some nice pips...to start this month.
By the way i am also in canada, OntarioIgnored
DislikedCool I'm glad you got your journal up
I especially look forward to the trades like tonight I wouldn't touch with a tazer. hehe Thats what demo is for thoughIgnored
DislikedI decided I was going to take the trades when all indicators line up, simple enough -> no thinking/analysing/reflecting upon the potentialities etc.
I'm willing to take some bad trades but with the limited stop losses I know I can't crash my account (well I can, but it'll take some time ). I'm already +700$ so I can take a few bad ones before I'm back to square one (which I don't intend to get back to!)
I'm demoing this for another week, see how work/play/trades line up, that's my biggest OBSTACLE (work). Can someone fire me please? JkIgnored
Dislikedmine too, I might break my leg, thats 6 weeks off right hehe?
No it's cool you taking all the trades that meet the conditions, I'm trading live so less adventerous but it's deffo interesting to readIgnored
Disliked
http://www.forex-tsd.com/customavatars/avatar3448_1.gif goldenequity
To those of you who trade the GBP/JPY.....
How many of you did well at the beginning of the week (especially Wednesday)?
If you review your charts, you will find that when the GBP/USD and the USD/JPY are in "sync" it becomes "easy(er)" to trade the GBP/JPY.
When they are arguing with each other and moving opposite each other it becomes difficult.
From a fundamental analysis, look at it this way:
If the "market makers" (i.e."them"/"they") are selling the GBP and buying the USD (only), then the USD/JPY will be moving opposite of the GBP/USD. It makes trading the GBP/JPY very difficult, for obvious reasons.
If they are selling the GBP and buying the JPY, you will see ALL 3 Charts (GBP/USD, USD/JPY and GBP/JPY also EUR/JPY) move together in the SAME direction.
The charts I posted, (within reason) began to synchronize and move the same direction at the same time in the beginning of the week (selling GBP/buying JPY), and strongly reversed on Wednesday(buying GBP/selling JPY), and they became disconnected on Thursday/Friday as the markets focused more on the USD.
They (market makers) were (simultaneously) STRENGTHENING (then weakening on Wednesday) the DOLLAR and the YEN at the expense of the GBP.
When they are strengthening the DOLLAR ONLY, it will be at the expense of the YEN (typically) and the charts move opposite.
To put it simply from the technical analysis side, the best time to trade the GBP/JPY is when the GBP/USD and USD/JPY move in
the same direction.http://www.forex-tsd.com/images/smilies/smile.gif
This is why it is crucial to be able to simultaneously moniter the USD, even if you are trading the GBP/JPY.
__________________
Vote Ron Paul 2008 ".....it's later than you think."
www.ronpaulaudio.com
www.ronpaulforums.comIgnored
Dislikedcryten, I have noticed the coorelation between the different pairs. I'm demo trading a system loosely based on your system. I've had to interpolate your indicators and put them together in a system I can get to work with Metatrader. I would like to get the QQE to work but so far haven't been able. I started a demo to test this method on the 18th and so far it is working well. BobIgnored
DislikedHi guys,
anyone help? Had a major crash a few hrs ago (just before I normally go to bed) but I thought I'd better try to sort things out. Last problem is Skylines Supernova MT zip file (post 179ish) ends up in Metaeditor nav. Can't remember how I did it last time. Should it be here? Appreciate any assistance
DaveIgnored