it will be nice of u to post ur graph here..if there is any potential trade!! so that we all can share!!!
sonic
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DislikedSHORT USD/CHF @1.0520
http://i27.tinypic.com/izynol.gif
* betting against USD
* only small lot with tight SL /TP
sonicIgnored
DislikedPossible trade on 5 May 08 or 6 May 08
1. United Kingdom-----May Day Bank Holiday-----05 May 2008
2. Japan-----Children’s Day-----05 May 2008
SHORT GBP/USD H4 TF (D1 TF has same short signal)
http://i29.tinypic.com/9jnj12.gif
* Stoch is Steep and it is touching low level 20, kinda oversold, slight rebound/uptrend possible..
* Do not trade on the asian sessions.
* Exercise proper SL & MM...
* If the signal still favours, try to enter the positions on Monday after 2 PM (GMT+8)...
sonicIgnored
DislikedSHORT GBP/USD H4 1.9735
TP +50 pips hit.. half of profit taken!!
another half using trail stop +25Ignored
DislikedHi Sonic,
Do you had tried the lag's entry-based but in lower TF?
I mean, wait for a oz signal in 4h TF, but, only enter when the red lag in 5M starting to go in our direction?
The Jacko's Anti Hedge is a powerfull tool too.
... and u can use the lispa2mtf with alert e-mail for not be glued to screen.
Just an idea.
Good work sonic
Ignored
DislikedSL hit -60 pips...
* D1 TF says LONG...even though H4 TF is SHORT...
* LAG1 <0.85 and Lag 2 still @ 1...no reason to SHORT
* Control Emotion
sonicIgnored
DislikedHey Sonic,
Sorry to bother you at work earlier.......I just wanted to share a thought about the lost trade below.
From my observations of the chart, I would not have gone short as price is below the blue line of the COG in 4h tf. I have never traded live, nor have I actually been consistently profitable in demo. Still learning like yourself and many others. I don't mean to second guess your approach, it's just that from visually backtesting the COG it seems that it is safest to sell above blue line and buy below blue line.
Not sure how accurate backtest of COG is though.
Only my suggestion......hope it helps!Ignored
DislikedSHORT EUR/JPY (H4 TF) ???
* D1 TF signal unclear (Stoch is in +ve)
* waiting till OzFX signal is out!!
* Lag1 -IVE
http://i32.tinypic.com/4ftvet.gif
sonicIgnored
Dislikedhttp://i27.tinypic.com/izynol.gif
Nice suggestion u have,,, We shorted USD/CHF @ 1.0520 based on OzFX H4 signal. (I didn't obey Imram rule)
If we follow the COG BLU rule... We would wait till the price go up till 1.059 region than short.
The USD/CHF is 1.0496 now..
can u do more test and take positions according to the rule?? Back testing may not that reliable as COG repaint itself...
We will check if it can filter bad trade!! (if it can, )
We will confirm the rules before we make it final...
sonicIgnored
DislikedSonic,
What's you take profit strategy for EUR/JPY?
I'm also short at 162.29.Ignored
DislikedOk, sounds good. I am currently taking positions using AO/stochastic, with ema cross indicator, and ozfx + aes signals, and COG as filter. If I correctly uploaded the screenshot from this morning's trade you can see how the COG seems to work as a good filter for the signals. In the picture *hope this attached*, you can see how signals from ema cross, oz + aes can be ignored if signaling a buy but price is above blue line in COG. I took a trade on this chart *demo* last evening for a short and just closed it at 40+ pips. It will likely continue to fall (this screen shot is from current -ie, at close, not when I took trade), but the daily is indicating a rise in price.
I have studied ozfx, imran, etc. and while far from personaly being regularly profitable yet, the COG seems to be to me one of the most useful tools that I have found.
I will continue to advise you regarding my success with this.
Continued good luck to you!
Qui-gonIgnored
Dislikedsound gd,,we can share and win together!!
I am trying hi and low to possible indicator that reduce any loss trade!!
sonicIgnored
DislikedOk....I am not familar with that "hi/lo" indicator. But if it is helpful I would definitely be interested. I really think that trading when the price reaches the green (or better, orange) outer bands of the COG (with stochastic hopefuly transitioning from overbought/sold and also some candle indication of a potential reversal) should work theoretically. I just need to spend this week making disciplined trades doing it. Of course the preference would be to go with the trade as opposed to against it.
As a side note, I am looking at a technique that a FF member named "Tiki Trader" is using regarding the 5 ema.
I will attempt to add a link to his post concerning this:
http://www.forexfactory.com/showpost...&postcount=712
Cheers
ps. have you had any success using any of the ozfx EA's to trade for you? I have not had good profit's yet with DCG's EA (although have not used it much) and therefore continue to look for a solid strategy for manual trading.Ignored
DislikedLISPA2MTF attached
See details here. You can set the lag alert in any TF.
http://www.forexfactory.com/showpost...6&post=1957606
See u sonic!
Ignored
DislikedGuys ,
I have tweaked Money Management Model. This style is ref from "netwise". New model will prevent most of the drawbacks that occur before reaching our first 50 pips. You will rather win less than being stop @ SL (-80 pips) right?
Please feel free to advice/suggest.
sonic
Money Management
Open Trade with 3 Lots (or 0.3) with Stop Loss 80 pips away
Set trailing Stop to +25 pips. ( This step is added, to prevent draw back before we reach our first 50 pip target)
Take Profit on 1st Lot at +50 pips. Set trailing Stop to +50 pips.
Take Profit on 2ndLot at +100 pips.
As for the 3rd Lot, it will let it runs *wild* by setting wider trailing stop.(e.g +85 pips)
*Anyone can try out the setting with ManageTP or Swiss Army and post the setting???Ignored