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30M Day-Trading Method

  • #61
  • Apr 5, 2009 6:42pm Apr 5, 2009 6:42pm
Vitamin can you give more explanation on the template.

1. The pink candle?
2. Areas marked Green and Drak Brown with Yellow on top. I assume this is the place to look for buy/sell after the yellow area? Can you also explain how it determines it.

Since in the attached picture it marked one area and not the other?
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.gif Size: 79 KB
  • #62
  • Apr 5, 2009 9:17pm Apr 5, 2009 9:17pm
Does this EA suppose to give "Arrow Alerts"? If yes, they dont work. Please advise. And yes, i'm experienced.

thx




Quoting VitaminBeer
Well the E/U went flying without a doubt. Divergences can sometimes be a nuisance in that they aren't always accurate, but they can also be a godsend and provide some very good trades with early warning of trend change, allowing you to get in at the top or the bottom of a ride.

Doesn't matter, there will always be another chance.

Last arrow indicates where the entry should have been
  • #63
  • Apr 5, 2009 9:29pm Apr 5, 2009 9:29pm
Quoting AndsX
Vitamin can you give more explanation on the template.

1. The pink candle?
2. Areas marked Green and Drak Brown with Yellow on top. I assume this is the place to look for buy/sell after the yellow area? Can you also explain how it determines it.

Since in the attached picture it marked one area and not the other?
Hi Andsx,

Okay, the pink candle is a inside candle, it means that it did not exceed either the high or the low of the candle before it. Which to me, can be a sign of exhaustion, but not always, you will sometimes notice on a nice (just for example) retracement down while your looking to go long, and you will get a inside candle, there is a good chance that the market is getting ready to go back up again, past history tells us this, you can have a look too.

The areas marked green and dark brown with yellow on top are the collection of events 2 hours before the London and US open, the yellow on top is supposed to be 10 pips on either side of it if you were to trade breakouts, but I don't do that. I use those boxes for the time zones, usually speaking during and after a box is finished is a good time to snag an entry. However you may need to adjust the hours on the boxes if you are not using Alpari.

I hope your picture makes sense now, there was no reason not to buy there.
There was two entries, obviously the second one would have been better, but given that there was a inside candle as the first entry I would have taken that anyway, still would have worked out fine.

Cheers,
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.gif Size: 79 KB
  • #64
  • Apr 5, 2009 9:33pm Apr 5, 2009 9:33pm
Quoting mogul4x
Does this EA suppose to give "Arrow Alerts"? If yes, they dont work. Please advise. And yes, i'm experienced.

thx
Uh... *spaz* ... *twitch* .... *twitch* ..... *dribble*.....

If I have to tell you that there really is no EA, never has been and never will.... would that still make you experienced?
  • #65
  • Apr 5, 2009 9:40pm Apr 5, 2009 9:40pm
Quoting Antra
With a bit of luck there will be no one trying to make it the 'HG' by adding indicators and confusion.

Set up looks nice as it is!

......funny thing how accents can be picked up ...lol....

( as if VB has vitamins! )
Thanks for your kind words Antra
I'm guessing your an Aussie too

Of course VB has vitamins!

Oh... and welcome!
  • #66
  • Apr 5, 2009 9:47pm Apr 5, 2009 9:47pm
Quoting VitaminBeer
Hi Andsx,

Okay, the pink candle is a inside candle, it means that it did not exceed either the high or the low of the candle before it. Which to me, can be a sign of exhaustion, but not always, you will sometimes notice on a nice (just for example) retracement down while your looking to go long, and you will get a inside candle, there is a good chance that the market is getting ready to go back up again, past history tells us this, you can have a look too.

The areas marked green and dark brown with yellow on top are the collection of events...

Thanks vit for the info. So you look out for trades duing the london/us open time mostly?

I use alpari so i don't have to adjust the box hours
  • #67
  • Apr 5, 2009 9:50pm Apr 5, 2009 9:50pm
Quoting AndsX
Thanks vit for the info. So you look out for trades duing the london/us open time mostly?

I use alpari so i don't have to adjust the box hours
Yep that's right... however it's flexible if you see something you like, but generally that is where I will pick up an order or two.

Alpari is great, there service has been really good to me, service support for my live account has been really quick and responsive.

Alright,

Back later
  • #68
  • Apr 5, 2009 11:07pm Apr 5, 2009 11:07pm
Sure would. When i create something I complete it. Thats where my experience pays off. No system is complete unless it alters you to get in/and out of a trade.

Thanks for your ignorant comment.


Quoting VitaminBeer
Uh... *spaz* ... *twitch* .... *twitch* ..... *dribble*.....

If I have to tell you that there really is no EA, never has been and never will.... would that still make you experienced?
  • #69
  • Apr 6, 2009 2:25am Apr 6, 2009 2:25am
Quoting mogul4x
Sure would. When i create something I complete it. Thats where my experience pays off. No system is complete unless it alters you to get in/and out of a trade.

Thanks for your ignorant comment.
Your right... I owe you my apology for being ignorant. I don't have much faith in a computer placing my trades. I don't see how that would work with this method anyhow.

Besides that, maybe one that alters your stops and takes profit off the table along the way... but there is plenty of those already, I still wouldn't use one though.

I would prefer to keep this thread free from flashy EA's and indicators, if you would like to go forward with it though, feel free to post in the EA section of the forum and let people know it's there.

Good luck in your EA progress,

VB,
  • #70
  • Apr 6, 2009 3:07am Apr 6, 2009 3:07am
Sold USD/CHF @ 1.1284
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.gif Size: 24 KB
  • #71
  • Apr 6, 2009 3:32am Apr 6, 2009 3:32am
Quoting AndsX
Sold USD/CHF @ 1.1284
Good stuff!

Hope it goes well for you,

Be careful when if it reaches the 1.11800 area

I'm so glad that some one has learnt something from all this.

Cheers,

VB,
  • #72
  • Apr 6, 2009 3:54am Apr 6, 2009 3:54am
A/U entry

0.71700
Sl 0.71300
TP 0.72650 (See if you can work out why)

E/U entry (Took entry early by mistake)
1.35340
SL 1.34999
TP none.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au.gif Size: 18 KB
Click to Enlarge Name: eu.gif Size: 14 KB
  • #73
  • Apr 6, 2009 4:03am Apr 6, 2009 4:03am
Quoting VitaminBeer
Good stuff!

Hope it goes well for you,

Be careful when if it reaches the 1.11800 area

I'm so glad that some one has learnt something from all this.

Cheers,

VB,
I'll watch for that area. I took a sell on USD/CAD around the same time which closed for +27pips. There was lot of resistance around that area so put a lower tp.
  • #74
  • Apr 6, 2009 5:09am Apr 6, 2009 5:09am
E/U stopped out -34 pips

Wait and see what happens, I may retry for a long later, see how it goes
  • #75
  • Apr 6, 2009 7:40am Apr 6, 2009 7:40am
A/U stopped out -40 pips

Alright, will be looking at going short at the next retrace I think, wait and see what the larger time frames think

It's a smallish price to pay to see if something will work out or not, it's the risk we all take in forex.

For those of you who think 40 pips is a lot, well it all depends on what your general targets are.

I suppose you could say, the general idea is even if you have a few small loosing trades to get the 1 big right one then you should be on track.
  • #76
  • Apr 6, 2009 3:04pm Apr 6, 2009 3:04pm
Quoting VitaminBeer
A/U stopped out -40 pips

Alright, will be looking at going short at the next retrace I think, wait and see what the larger time frames think

It's a smallish price to pay to see if something will work out or not, it's the risk we all take in forex.

For those of you who think 40 pips is a lot, well it all depends on what your general targets are.

I suppose you could say, the general idea is even if you have a few small loosing trades to get the 1 big right one then you should be on track.
I got stopped out on the USD/CHF for -38pips, USD/CAD +27pips for the day.
  • #77
  • Apr 6, 2009 7:41pm Apr 6, 2009 7:41pm
Sold EUR/JPY @ 135.02 SL 135.60 TP 134. It's closed for +97pips


Sold GU 1.4729 SL 1.4780. TP is still open
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY.gif Size: 18 KB
Click to Enlarge Name: GU.gif Size: 23 KB
  • #78
  • Apr 6, 2009 9:11pm Apr 6, 2009 9:11pm
Quoting AndsX
Sold EUR/JPY @ 135.02 SL 135.60 TP 134. It's closed for +97pips


Sold GU 1.4729 SL 1.4780. TP is still open
Well done mate, honestly fantastic!

See now even though you had a loss it was quickly covered once your new bias for direction came in

Anything can happen and for us last night it did, all first orders went up the bum. However from that moment on there was a new direction present which offered us new opportunities.

All the best,

VB,
  • #79
  • Apr 6, 2009 10:03pm Apr 6, 2009 10:03pm
Quoting VitaminBeer
Well done mate, honestly fantastic!

See now even though you had a loss it was quickly covered once your new bias for direction came in

Anything can happen and for us last night it did, all first orders went up the bum. However from that moment on there was a new direction present which offered us new opportunities.

All the best,

VB,
Thanks VB. I saw another trade on UJ which i jumped in a while ago.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.gif Size: 93 KB
  • #80
  • Apr 6, 2009 10:56pm Apr 6, 2009 10:56pm
Quoting AndsX
Thanks VB. I saw another trade on UJ which i jumped in a while ago.
Thank you for sharing your success, maybe now others might become more interested in seeing that some one else can do it

Hats off to you by the way, your doing good.

VB,
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