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  • #10,361
  • Mar 11, 2014 7:49pm Mar 11, 2014 7:49pm
Quoting Sesamstrasse
{quote} good advice , gut stopped BE
Hey wht broker do you use ? i noticed that your screen alwasy shows me very lil spread. Would you mind to tell me wht broker is that ?
  • #10,362
  • Edited 7:53am Mar 12, 2014 2:28am | Edited 7:53am
Quoting yudhawrdhana
{quote} Hey wht broker do you use ? i noticed that your screen alwasy shows me very lil spread. Would you mind to tell me wht broker is that ?
I do , but Iīll send it as a PM .. donīt wanna do advertising for any broker.
Risiko birgt immer auch die Chance.
  • #10,363
  • Mar 12, 2014 3:02am Mar 12, 2014 3:02am
Quoting yudhawrdhana
{quote} Hey wht broker do you use ? i noticed that your screen alwasy shows me very lil spread. Would you mind to tell me wht broker is that ?
Alternatively, just look down left on a chart from Sesamstrasse
  • #10,364
  • Mar 12, 2014 10:31am Mar 12, 2014 10:31am
Hereīs a Ecad M15 trade .
the idea is a ping pong trade after the 15 min bar opened below the 10 Ema
and the 10 ema and the 35+ 50 moving averages have a wide spread .
second reason is the price hit 155 level ( round number ) today and a touch of the Ema 10 after the tip on the 155 level didnīt leach the level again .

Edit .. it was a losing trade... - 12 pips ..
Just didnīt get more than one good trade today..
Attached Image (click to enlarge)
Click to Enlarge Name: eurcadcm15.png pingpong ecad m15 12.3..png Size: 24 KB
Risiko birgt immer auch die Chance.
  • #10,365
  • Edited 1:08pm Mar 14, 2014 10:36am | Edited 1:08pm
Ecad , m15 , first touch of the 10 Ema .. 13,5 pips .. done
Wish all dancers a nice weekend!
Attached Image (click to enlarge)
Click to Enlarge Name: eurcadcm15.png11 4.3..png Size: 25 KB
Risiko birgt immer auch die Chance.
  • #10,366
  • Mar 17, 2014 5:59am Mar 17, 2014 5:59am
Mondaytrading Ej , m15 .
When the first touch happened at the 10 Ema I was filling the cofeemashine ..
I jumped on it the next candle and got 11 pips .
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpycm15.png 17.3. mondaytrading.png Size: 24 KB
Risiko birgt immer auch die Chance.
  • #10,367
  • Mar 17, 2014 6:24am Mar 17, 2014 6:24am
Coffee AND a winner - ya gotta love it!
Way to start the day.
Writer, currency trader, madman
  • #10,368
  • Mar 17, 2014 7:02am Mar 17, 2014 7:02am
Quoting Sesamstrasse
Mondaytrading Ej , m15 . When the first touch happened at the 10 Ema I was filling the cofeemashine .. I jumped on it the next candle and got 11 pips . {image}
good trade, I saw it too, but there was more than 2 candles to "get there"
  • #10,369
  • Mar 17, 2014 7:06am Mar 17, 2014 7:06am
Quoting jbmaverick
Coffee AND a winner - ya gotta love it! Way to start the day.
could be much better!
Normally I use the retrace bot for this reason .. .. and I had 14 pips then .. just forgot it ..
But with a winner the week starts good,.

But mondaytrading is not as sucessful as the other days for me .. I close my Mt4 better today ^^
Risiko birgt immer auch die Chance.
  • #10,370
  • Mar 18, 2014 7:18am Mar 18, 2014 7:18am
My first trade today, a loss in EY. Confluence of daily pivot, M15 35 & 50, H1 10, 35 & 50, plus 50 level at the red circle. Nice move with high momentum into the level. Took a touch trade, price went almost right through to my stop loss, albeit with a visible reaction at the confluence on the lower time frames. Possible effect of the Putin press conference?
Attached Image
  • #10,371
  • Mar 18, 2014 7:22am Mar 18, 2014 7:22am
Quoting That guy
My first trade today, a loss in EY. Confluence of daily pivot, M15 35 & 50, H1 10, 35 & 50, plus 50 level at the red circle. Nice move with high momentum into the level. Took a touch trade, price went almost right through to my stop loss, albeit with a visible reaction at the confluence on the lower time frames. Possible effect of the Putin press conference? {image}
The M15 35/50 is NOT a touch trade. First you wait for the price to react ("wait for the market to show you its hand"). There was no reaction your way there, the bar went right through.
  • #10,372
  • Mar 18, 2014 7:59am Mar 18, 2014 7:59am
Quoting kostas1
{quote} The M15 35/50 is NOT a touch trade. First you wait for the price to react ("wait for the market to show you its hand"). There was no reaction your way there, the bar went right through.
You are right of course. I took the touch mostly because of the daily pivot. When in confluence with one or more MAs, from my (still limited) experience there usually is a reaction of at least 10 pips. I don't trade 35/50 without confluence (e.g. from a higher time frame 10) at all, I am not comfortable with those MAs alone so far. Still need to do more research, get more comfortable with the 35/50 setups.
  • #10,373
  • Mar 18, 2014 8:49am Mar 18, 2014 8:49am
Today I got my pips in Cable .
First trade a touch of the Sma 35 in M15 stopped BE ,
Second one " the Breadkeeper "
M15 , touch of the Ema 10 .. gave me 11 pips ..
Looking with one eye on other pairs .. if a good entry comes , Iīll take it ..
Specially a touch of the 35 Sma in cable would be nice, angles are steep 35 sma + 50 ema are close together .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdcm15.png 18.3..png Size: 29 KB
Click to Enlarge Name: gbpusdcm15.png 18-3. afternoon.png Size: 24 KB
Risiko birgt immer auch die Chance.
  • #10,374
  • Mar 18, 2014 9:11am Mar 18, 2014 9:11am
I took almost the same setup, just waited until the resistance close to the daily pivot and the H1 35 & 50. Nice move with almost no drawdown, of course I didn't hold it long enough to catch the whole move.
Attached Image
  • #10,375
  • Mar 18, 2014 9:43am Mar 18, 2014 9:43am
Quoting That guy
My first trade today, a loss in EY. Confluence of daily pivot, M15 35 & 50, H1 10, 35 & 50, plus 50 level at the red circle. Nice move with high momentum into the level. Took a touch trade, price went almost right through to my stop loss, albeit with a visible reaction at the confluence on the lower time frames. Possible effect of the Putin press conference? {image}
That move was generated by fundamental factors; president Putin was making a speech and the markets reacted. My advice is: always consider how price moved in the past in similar conditions; if you study last week, you will see that there were similar moves on Russia-Ukraine talks...strong move in one direction than move against the first one.

Price has a repetitive nature, just look for when a pattern is formed and when it is broken. Hope this helps
  • #10,376
  • Edited 12:14pm Mar 18, 2014 11:23am | Edited 12:14pm
Quoting MisterC
{quote} My advice is: always consider how price moved in the past in similar conditions; if you study last week, you will see that there were similar moves on Russia-Ukraine talks...strong move in one direction than move against the first one. Price has a repetitive nature, just look for when a pattern is formed and when it is broken. Hope this helps
Sounds like you recomment " trade " like last news in the same topic??

If itīs that what you mean , I say NO.
Price is made by orders ( offer and demand ) .
I trade the price by itself , the three Maīs helps to figure out , where the price is now .
And during the news I donīt trade ,but it gives the market more power ..
.... Itīs that what Iīm looking for !
Big candles in the same direction produce steep MA angles .. and this is a good reason to look for a touchtrade
Long or short , the Maīs tell us .
Risiko birgt immer auch die Chance.
  • #10,377
  • Mar 18, 2014 12:26pm Mar 18, 2014 12:26pm
Quoting Sesamstrasse
{quote} Sounds like you recomment " trade " like last news in the same topic?? If itīs that what you mean , I say NO. Price is made by orders ( offer and demand ) . I trade the price by itself , the three Maīs helps to figure out , where the price is now . And during the news I donīt trade ,but it gives the market more power .. .... Itīs that what Iīm looking for ! Big candles in the same direction produce steep MA angles .. and this is a good reason to look for a touchtrade Long or short , the Maīs tell us .
Price is made by orders under normal circumstances...but for eg when the NFP hit price just takes off.
If you study price closely, as I said, there are certain patterns that are formed and tend to continue (and orders play a key role here). Lest week, on EJ, price did 2 times what it did today, on the same kind of news...someone speaks about the situation..price rallies on "fumes" and than returns to a normal state...so, it would have been enough to raise cautioness. I am not saying if a data publication came out positive expect the same thing with the next one, no, this kind of news was different, and created a pattern that I noticed.

Even if you disagree with the news pattern I spoke of and consider it a coincidence, under normal circumstances it applies. That's my point of view on the mater
  • #10,378
  • Mar 18, 2014 12:31pm Mar 18, 2014 12:31pm
Quoting MisterC
{quote} Price is made by orders under normal circumstances...but for eg when the NFP hit price just takes off. If you study price closely, as I said, there are certain patterns that are formed and tend to continue (and orders play a key role here). Lest week, on EJ, price did 2 times what it did today, on the same kind of news...someone speaks about the situation..price rallies on "fumes" and than returns to a normal state...so, it would have been enough to raise cautioness. I am not saying if a data publication came out positive expect the same...
As everybody knows to have a statistic , you need minimum 100 times the same action to the same happenings.
So please inform me , when putin finnished the next 98 times .
Then I will have an eye on it .. but until that I use the 10 Ema , 35 sma and 50 ema to find out what happens next .
Risiko birgt immer auch die Chance.
  • #10,379
  • Mar 18, 2014 12:39pm Mar 18, 2014 12:39pm
Quoting Sesamstrasse
{quote} As everybody knows to have a statistic , you need minimum 100 times the same action to the same happenings. So please inform me , when putin finnished the next 98 times . Then I will have an eye on it .. but until that i use the 10 Ema , 35 sma and 50 ema to find out what happens next .
You definitely don't need 100 times. If you look at price you'll notice it has a repetitive nature, and a patterns can be identified much sooner, now, the news might have been a coincidence, but for me was a "message" to stay away, and apparently I was right, price acted in the same manner, on news on the same topic.
  • #10,380
  • Mar 18, 2014 12:50pm Mar 18, 2014 12:50pm
Quoting MisterC
{quote} You definitely don't need 100 times. If you look at price you'll notice it has a repetitive nature, and a patterns can be identified much sooner, now, the news might have been a coincidence, but for me was a "message" to stay away, and apparently I was right, price acted in the same manner, on news on the same topic.
So I really donīt wanna tease you , but for a statistic you need 100 times .. ( I leaerned in school/ university and I was good in mathematics )

But youīre right in the fact , the eye is the best " indicator " .. that shows you any kind of patterns ..
Every trader hears on his own voice who says him .. trade or not ..
I think most important , next to the strategy is the menthality .. if you feel not comfortable to trade/ donot trade any signal just keep on it .
Thatīs why I donot trade other timeframes than M15 .
Risiko birgt immer auch die Chance.
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