Also went long on the NZD/USD and CAD/JPY all looking good at the moment. I'm not sure if I entered at the right signal but they are still going in the right direction.
What I have learned trading & How I developed my system 6 replies
Developed This System, Glitches 0 replies
Did I just create my own very simple system? 25 replies
Indicators & EA's vs own system 8 replies
Creating Your Own Trading System : A View From the Outside In 0 replies
DislikedDraw downs can be quite large before a trade comes back and hits your TP..but opening extra trades as it moves against you does seem to work but I do get worried some times.
3 years ago I was in a room with a trader called Franz Shoar he is big business now and his open positions were there for all to see he would enter a trade when price moved into what he called the war zone and would add as it moved against him but Im talking blocks or hundreds of contracts..
He lost over $1m on a particularly bad day to see those figures really was frightening...Ignored
QuoteDislikedDraw downs can be quite large before a trade comes back and hits your TP..but opening extra trades as it moves against you does seem to work but I do get worried some times.
DislikedThanks to funyoo & yast77 for the wonderful EA ~ benkyalate(major). It tried it demo a/c today. It seems promising... as no loss but only profit... Great & grateful. See results...
dazrul's picture on NetlogIgnored
DislikedNope i changed, im using the godfather. All the recent posts are with the godfather and i am just going to keep using the godfather. I dont have time to be testing all those other templates, so far so good with the godfatherIgnored
DislikedHi pipin, I like the godfather too, the others are too cluttered in my opinion, so for the signal did you wait for the Green (3) to appear first? and then look at the candle average and the T3 RSI right?
I'm long at UJ,NC,and CJ too, lets see where it takes us
Thanks.Ignored
DislikedYes, the numbers repaint, but are very good signposts as yo possible turning points. When combined with other indicators, they can be very effective. They work with all TFs but are more reliable when used with longer TFs.Ignored
Dislikedhey guys, i got a question. how do you determine if the trend is changing directions?
cog says always trade in the direction of cog. so if the band is curving down, trade shorts. if the band is curving up, trade longs.
what about the in between? lets say the market is trending down, how do you know that the market is begining to trend upwards based on this system? i have encountered this quite often on the 1 min charts and im sure if you trade this system long enough, you will eventually encounter this on the 4h charts.
my point is... if...Ignored
Dislikedthewls
If it is in a sideways channel there is still good trades available if you follow the indicators with patience for example USD/JPY on a 4HR.
On short time frames such as 1m you will have a lot more trend changes to look out for as oppose to the 4hr time frame. I am not trying to persuade you
into using larger time frames i am only saying be carefull, as we can see we do have some who are successfull on the 1m time frame.Ignored
DislikedSo far so good as i stated this morning i will enter short if i see a touch of the doted red line along with respect of the 38.2% fib retracement and the candle moving avarage is upIgnored