DislikedOnce again - thanks for the hard work and the teaching! You've got the heart of a teacher and I really appreciate that for everyone here.
Quick question: still using the same pairs as identified on the beginning posts of the threads?
I'm with ibFX as well and I have 12 pairs on the 1H CTR Both and 7 pairs on the 4H CTR. This overlaps the AUDNZD, EURGBP and GBPUSD (one on each 1H and 4H)...
Just wanted to see what you are currently trading live!
mDfIgnored
- Joined Jun 2007 | Status: Teach men to fish | 7,384 Posts
I finished my trades for the week. Finally got some movement.
eur/aud +30 did a second trade now at -67
eur/nzd removed the EA stagnant moves
gbp/aud +27
gbp/chf it is at -43
gbp/nzd took two 2L trades at +88 and +67 DD at -331
total 212
eur/aud -85
gbp/chf +65
gbp/nzd 2L added with 1st closed at 0
closed the eur/aud so have no open trades and will not add any except added IO Sell on the eur/cad.
Total for the week +192 no DD. For a slow week it was something.
OOOPPPSSS. I forgot the eur/cad for +85
Total for week +277
eur/aud +30 did a second trade now at -67
eur/nzd removed the EA stagnant moves
gbp/aud +27
gbp/chf it is at -43
gbp/nzd took two 2L trades at +88 and +67 DD at -331
total 212
eur/aud -85
gbp/chf +65
gbp/nzd 2L added with 1st closed at 0
closed the eur/aud so have no open trades and will not add any except added IO Sell on the eur/cad.
Total for the week +192 no DD. For a slow week it was something.
OOOPPPSSS. I forgot the eur/cad for +85
Total for week +277
- | Commercial Member | Joined Apr 2007 | 8,331 Posts
No not wrong just a slow ugly week. I managed to squeeze out some profit but I didnt over trade either. I picked my trades Monday and saw the market was ugly so didnt add any more until the eur/cad on Thursday. You have to have patience to learn a system. There were no trends to chase this week. I mean even range and countertrading was ugly. Just squeezed out some profits here and there.
On demo, the volatility on Friday upturned the status of the trades from 5% DD to 5% draw up as the markets resumed their trends/started to move back into their ranges.
I have trades on my live account left over from The Beast, that are miles in the hole and hedged to bejasus. The two moving-averages make a brilliant trend-trade trigger and I am using it to add to the 'winning' trades in the hedges and start to turn over some profit again. Fabulous. I shall close all the trades eventually, without losing much. Even fabulouser.
The moving averages provide the Missing Link for Trendy. We were developing this bot before V10 came along and I put it temporarily into mothballs. We all put the bot onto our demos just as the markets hurtled off in the direction of the W1 trend; doubling the account in days was common. This all evaporated once the retraces started, so we were starting to think about how to deal with this when V10 intervened. I shall return to this bot soon.
Talking of EA's, have you been keeping abreast of BigBob's development? Probably not, as the new term has started. It is developing well and will be ready for live trading soon.
Thanks again for a superb addition to our trading armoury.
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
A. Scalping: The average trade can be just minutes or even seconds. In, out, and done. I tried this and my heart could not take it. The constant pounding and excitement of a trade and staring at a screen drove me nuts. Some people love it.
B. Range trading: Trading between the lines of support and resistance. Since most currencies do this most of the time you can be in a trade for a couple of hours or even days.
C. Trend trading: Generally longer term trading from hours to months depending on what you use to define the trend.
D. Counter trend trading: Price always 100% of the time will retrace at some point. Catch it and go. This is usually short term trading. Most retracements last hours or maybe a day or two.
E. Position trading: Long term trades going for weeks or months. See usd/chf pic above. These guys know their stuff and know that market forces will force a currency in a certain direction for months or even years at a time. I don’t have the patience or personality for this kind of trading. See the usd/chf pic previous page for a good position trade a year ago.
Position traders are heavy into fundamentals. Scalpers trade news stories or use indicators. (Hard to scalp fundamentals) Range, trend, and counter traders usually use a combo of both.
good summary ,thank you .i have learned many things .
B. Range trading: Trading between the lines of support and resistance. Since most currencies do this most of the time you can be in a trade for a couple of hours or even days.
C. Trend trading: Generally longer term trading from hours to months depending on what you use to define the trend.
D. Counter trend trading: Price always 100% of the time will retrace at some point. Catch it and go. This is usually short term trading. Most retracements last hours or maybe a day or two.
E. Position trading: Long term trades going for weeks or months. See usd/chf pic above. These guys know their stuff and know that market forces will force a currency in a certain direction for months or even years at a time. I don’t have the patience or personality for this kind of trading. See the usd/chf pic previous page for a good position trade a year ago.
Position traders are heavy into fundamentals. Scalpers trade news stories or use indicators. (Hard to scalp fundamentals) Range, trend, and counter traders usually use a combo of both.
good summary ,thank you .i have learned many things .
A chart helps those who can read it.
- Joined Nov 2010 | Status: Snaggin' Some Pips | 2,159 Posts
Bob,
Couple of questions on the ea's. I've been using the dailys and I think I get those. (yeah right)
So on the reentry ea's (1h & 4h). Let's say I put those on to reenter the trend...maybe I exited too early on the daily.
So if they enter short (obviously a DT) at the top of the bands is it best to then exit at the bottom of the bands like inferred in the manual or switch back to daily and ride the short until the high hits the bottom MA line.
I hope I have the general idea. I actually think I see a little light at the end of this tunnel.
Couple of questions on the ea's. I've been using the dailys and I think I get those. (yeah right)
So on the reentry ea's (1h & 4h). Let's say I put those on to reenter the trend...maybe I exited too early on the daily.
So if they enter short (obviously a DT) at the top of the bands is it best to then exit at the bottom of the bands like inferred in the manual or switch back to daily and ride the short until the high hits the bottom MA line.
I hope I have the general idea. I actually think I see a little light at the end of this tunnel.