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Brijons advanced traders multi-currency strategies

  • #601
  • Jul 13, 2011 1:46pm Jul 13, 2011 1:46pm
Finally closed out for $9100, up $4100 since the 1st of june.

For limit orders I place them shortly after market opening based on the square setting of 48 and t/p on bosuns weekly on the 4hr timeframe and for scalping I use 15mins.

For scalping I look at the 1hr basket/ and hedge for trend direction then look at the power meter and see which currency is the strongest then look at each pair on the 15min as per 3mw and then scalp adding more orders as soon as closing one out. So if trend is down I am looking for short scalps based around the stongest currency, mon tues happened to be the yen so with a down trend i based most of the trades around the yen.

From tuesday evening I only had buy orders on mostly from previous orders, the trend went long, my drawdown significantly reduced so i closed out this evening.

Be aware that I am not an expert trader and I am still on demo however I have proved to myself that brians methods most certainly work it just takes time. What I would like to do eventually is to just use the spreadsheet and trade4fun/pauls indicator.

Hope this helps.

M.
  • #602
  • Jul 14, 2011 1:57am Jul 14, 2011 1:57am
Quoting moodybot
Finally closed out for $9100, up $4100 since the 1st of june.


M.
Nice going there moodybot

Regards, Paul.
  • #603
  • Jul 14, 2011 7:19am Jul 14, 2011 7:19am
Moodybot
so what you are saying , so i understand, is that limit orders work better then stop or at market price for you and your style.

Cheers on your success
  • #604
  • Jul 14, 2011 10:12am Jul 14, 2011 10:12am
Hi Paul, cheers.

Dryclean, setting the limit orders work well for me, if im short of time then they are a great way to stay in the market with a set take profit otherwise manual trading as per 3mw certainly produces the results. With the manual trading im using steve hopwoods mptm to take profit at 5 pips or so. When the popup shows that a trade has been closed I immediately open another the same direction, keeping the popup open saves me having to cycle through the charts in case I get several go into profit within a few seconds.

When the markets are moving such as london/usa opening its quickfire but very profitable.

M.
  • #605
  • Jul 16, 2011 1:25am Jul 16, 2011 1:25am
you seem to captured my method how i trade exactly moodyboots
there is no right or wrong way to trade as you said out of 1000 people maybe only 2 will trade the same , as long as you make money

i love limit order trading and bosuns lines , the excell spread sheet showing
the the 14 curencys against the usdjpy can assist in entrys as a confirmation of bosuns lines now and entrys as well

the zero also gives great help so trading is a weight of evidence that enables one to make his trading decision . there is no right or wrong way to trade

i think we are very fortunate to have many great tools developed on here by trade4fun and PAUL ECT

THE ALARMS OF ZERO helps me and bosuns lines , limit orders and weight of evidence of indicaters help us make better trading decisions

working always in our favour is the natural circle of trading is loss profit loss

which means many times our bad entrys become profitable trades

i think if i could sum up the most important aspect of trading the forex

when one gains confidence this single fact of loss profit loss and identifying the trend is the real difference between

a profitable traders and loosing in my opinion


sometimes the simplest concepts are the most difficult to understand

never be greedy have patience beieve in yourself and others

by giving we gain 1000x more than we gain

learn from others , never invest more than you are prepared to loose

only invest in your self , you ability yourself

REMEMBER LOSS PROFIT LOSS THE NATURAL CYCLE OF TRADING

IN TIME GOING WITH THE TREND IS THE REAL SECRET TO SUCCESS

and what ive learnt from others

FOR ME

GOD bless from Brian














Quoting moodybot
Hi Paul, cheers.

Dryclean, setting the limit orders work well for me, if im short of time then they are a great way to stay in the market with a set take profit otherwise manual trading as per 3mw certainly produces the results. With the manual trading im using steve hopwoods mptm to take profit at 5 pips or so. When the popup shows that a trade has been closed I immediately open another the same direction, keeping the popup open saves me having to cycle through the charts in case I get several go into profit within a few seconds.

When the markets...
  • #606
  • Jul 19, 2011 10:22pm Jul 19, 2011 10:22pm
traded T101 for a while and been around for minute.

how come nobody has an EA to alert when the open 14 hedged trades go from positive to negative or negative to positive just as warning to take profit on trades and put new ones on to replace them?
  • #607
  • Jul 19, 2011 11:38pm Jul 19, 2011 11:38pm
Quoting hazelj80
traded T101 for a while and been around for minute.

how come nobody has an EA to alert when the open 14 hedged trades go from positive to negative or negative to positive just as warning to take profit on trades and put new ones on to replace them?
It will give an alert whenever any of the groups pass the zero point.

Regards, Paul.
  • #608
  • Jul 19, 2011 11:42pm Jul 19, 2011 11:42pm
Thanks in advance...



Quoting pah
It will give an alert whenever any of the groups pass the zero point.

Regards, Paul.
  • #609
  • Jul 20, 2011 12:14am Jul 20, 2011 12:14am
Quoting AlbertoFX
Thanks in advance...
Please see title "the dashboard does that"

http://www.forexfactory.com/attachment.php?attachmentid=735086&d=Jul%205,%202011%204:19am

the latest one was posted a week or two ago.

Regards, Paul.
  • #610
  • Jul 21, 2011 2:09am Jul 21, 2011 2:09am
see the tripple swap and the run up long
using zero and the excell chart one can have a great idea which way the new trend will go if you also confirm with the core offline chart and hedge offline

zero is the key for trend change using the excell ofilne chart makes it so easy

god bless from

brian
Attached Image (click to enlarge)
Click to Enlarge Name: a excell chart of 14.png Size: 258 KB
Attached File(s)
File Type: xls new one brijons.xls   2.9 MB | 444 downloads
  • #611
  • Jul 21, 2011 8:06am Jul 21, 2011 8:06am
thanks guys zero is just the best

my hat goes off to you guys

from BRIAN
Attached Image (click to enlarge)
Click to Enlarge Name: trades paul and trade4 fun your dashboard.png Size: 221 KB
  • #612
  • Jul 21, 2011 5:01pm Jul 21, 2011 5:01pm
Hi All!

Sorry for possible basic question, in my screen I have alarm on Three1 basket open. I see EURUSD -89, EURGBP -2 and GBPUSD 90.

Must I open buy EU/EG/GU or sell EU/EG/GU ?
Also, when exit on this trade ?


These values are taked from NY Close? Rigth now time is 00:00 .

Thanks in advance
Attached Image (click to enlarge)
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  • #613
  • Jul 21, 2011 6:43pm Jul 21, 2011 6:43pm
Quoting AlbertoFX
Hi All!

Sorry for possible basic question, in my screen I have alarm on Three1 basket open. I see EURUSD -89, EURGBP -2 and GBPUSD 90.

Must I open buy EU/EG/GU or sell EU/EG/GU ?
Also, when exit on this trade ?


These values are taked from NY Close? Rigth now time is 00:00 .

Thanks in advance
Hi

You need to determine, using other indicators, which direction the trend will go. If, after zero, you move 10-15 then that's a good indication that the trend will be long, but check other indicators.

OK?

Paul
  • #614
  • Jul 21, 2011 10:59pm Jul 21, 2011 10:59pm
a) When I must exit ?
b) These values, are computing/taked from NY close?
c) Is the same procedure for Three2 pairs ?

Thanks in advance...




Quoting batemap
Hi

You need to determine, using other indicators, which direction the trend will go. If, after zero, you move 10-15 then that's a good indication that the trend will be long, but check other indicators.

OK?

Paul
  • #615
  • Jul 21, 2011 11:08pm Jul 21, 2011 11:08pm
Quoting AlbertoFX
a) When I must exit ?
b) These values, are computing/taked from NY close?
c) Is the same procedure for Three2 pairs ?

Thanks in advance...
a) Zero indicates a trend change, so exit at zero, when the pairs are getting near to the top/bottom of the yellow square or when the pairs are getting near the Bosun line. I sometimes use a basket closure, i.e. when profit > 2% account balance.

b) I'm sorry I don't understand this question.

c) I generally stick with the SIX pairs, but you can use the same principals for the other groups.

Paul
  • #616
  • Jul 21, 2011 11:27pm Jul 21, 2011 11:27pm
- Which indicator is yellow square? ( I think basket offline bars, rigth?)
- About question b) :
If EURUSD show -53 pips then the question is , -53 from where ? this mean I observe EURUSD has moved 261 pips from sunday open.

Thanks again


Quoting batemap
a) Zero indicates a trend change, so exit at zero, when the pairs are getting near to the top/bottom of the yellow square or when the pairs are getting near the Bosun line. I sometimes use a basket closure, i.e. when profit > 2% account balance.

b) I'm sorry I don't understand this question.

c) I generally stick with the SIX pairs, but you can use the same principals for the other groups.

Paul
  • #617
  • Jul 22, 2011 12:33am Jul 22, 2011 12:33am
I found the answer in code of indicator.
But, ( I am so sorry for ask possible newbie question ). Where this numbers come from ?
( Check please attach picture ). Thanks in advance
Attached Image (click to enlarge)
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  • #618
  • Jul 22, 2011 12:46am Jul 22, 2011 12:46am
Dear AlbertoFX
This is
Brijons advanced traders multi-currency strategies

You need to read the first post, & goto
The Amazing Magic of 3MW.

and the EA/Indicator you are using, Has being Updated
& These Numbers are not used anymore.

Regards Davros
  • #619
  • Jul 22, 2011 1:14am Jul 22, 2011 1:14am
I read and re-read sometimes. But I have several doubts, also english is not my first language, this cause videos "spoken" are not clear for me.

Please give me a direction about the update indi and, If you wish forward me to explication on these numbers..
Thanks again...



Quoting Davros
Dear AlbertoFX
This is
Brijons advanced traders multi-currency strategies

You need to read the first post, & goto
The Amazing Magic of 3MW.

and the EA/Indicator you are using, Has being Updated
& These Numbers are not used anymore.

Regards Davros
  • #620
  • Edited 3:21pm Jul 22, 2011 3:08pm | Edited 3:21pm
Hi all! after studying the zero point I notised that it is even more complicated,
the cross isn't allways coming at zero, see pic,
in fact they are very selldom coming at what we would call a zero line
unless we are looking at a pairs like EURUSD USDDDK or USDRUB which are allmost compleatly mirroring eachother,
I agree the crossings are key and to calculate where they are going to be
and put it all in a indi isn't going to be easy,
but I have an idea about it I would like to share,
unfortunally my skills as a programmer is far less than my math skills,
so someone else may have the privilege,

the thing is that we need to have the zero line floating,
a sullotion would be a indicator that calculate the distance from one pairs price on the chart to another pairs price on the chart,
once we know the distance we are then able to calculate exactly where
the cross are going to take place on the chart,
which is in the midle of both pairs price given the actual timeframe used,
messurement of Metatraders chart and size is also going to be necessary to take into consideration.

here is an example how the calculation might be done
both pairs are calculated on the same chart by adding a overlay,
lets say AUDUSD is 0.9765 and AUDCAD is 0.9495
we would then add them together and divide by 2,
then we get to where the zero will be ( at this moment only)
it will give a much better probability where it will be.
the indicator would have to keep repeating this calculation for every new bar.
eventually the gap will close and this indicator would allways know where the cross will be.
which is allways 50% between the two,
the result is a floating zero line, that adapt it self to price.

what we then need is just something visual

sorry for my bad spelling, Im a Swede
Attached Image (click to enlarge)
Click to Enlarge Name: zero.JPG Size: 107 KB
Bulls are stupid Animals!especially when Im short!
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