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Quoting Chulmleigh
Cheers.

EDIT: Calliou method so far since 08:00 I reckon is +48. 5 trades which means my net would be something like +40
First of all thanks for nice thread and nice people around!

I am following also 15m action, but there is some problem, and thats why i ask. How you are managing TP or taking your profits, are they fix amount of pip or depend on R:R, or counting candles. How can you know where to exit. I so also Calliou charts, nice, but in some there is like +20 then +10, sometime its looks like you know till which point it is going.
Just be nice to hear some advice of tp or exiting position strategies.

Tx in advance!
Quoting dzero
First of all thanks for nice thread and nice people around!

I am following also 15m action, but there is some problem, and thats why i ask. How you are managing TP or taking your profits, are they fix amount of pip or depend on R:R, or counting candles. How can you know where to exit. I so also Calliou charts, nice, but in some there is like +20 then +10, sometime its looks like you know till which point it is going.
Just be nice to hear some advice of tp or exiting position strategies.

Tx in advance!
Firstly I'm not sure if he is live trading, and he says he gets 0.5 spread, which is better than mine.

That being said, he works on Stop at High/Low of reversal candle and an entry on break and a TP 1:1.

Now, I used a order earlier and it worked out. The problem I have is: do I account for the spread in the order and maybe lose another pip and a half and allow for the spread on the TP losing another pip and a half. Or do I enter at exact price risking a tickle and away and use exact TP and have a hit on screen but not on trade.

I know that this is a perennial problem but it means 10 pips becoming 7 and then the 1:1 does not work out.

Any answers gratefully received.
I must add that the H1 method stacks up. I have made two dumb mistakes this week with regard to stop placing and turned winners into losers.

It is a very good method, even if some days the H1 is a very slow burn.

EDIT: It's real magic is it is probably the most back-testable method too
Quoting Chulmleigh

That being said, he works on Stop at High/Low of reversal candle and an entry on break and a TP 1:1.
This can be answer, may be, lets see if some on can confirm. If that is like that then account should grow quit nice, if there is time for set up right % on trading, for 1h it is enough time for 15 min can be less.

Ok, than you for replay!
quick notes today...be careful of EU and UChf, they've been rather flat. wegde like and could break either way.

Omd y=the daily candles were...GU 20th (up over 170), NU 20th (now over 100), Nchf and EU yesterday - haven't triggered
Quoting Chulmleigh
Hey Caillou,

I see you are there. I reckon your M15 method is doing quite well today.
Hi,

Yes, for now today is really easy day, +58 pips for now......

And yes, R:R is 1:1, I donīt care about S/R, pivots, fibos, H/L, EMAs, TL......nothing, charts 100% naked.

For now it works, till when? Nobody knows. Time will tell.

Cheers
Quoting Caillou
Hi,

Yes, for now today is really easy day, +58 pips for now......

And yes, R:R is 1:1, I donīt care about S/R, pivots, fibos, H/L, EMAs, TL......nothing, charts 100% naked.

For now it works, till when? Nobody knows. Time will tell.

Cheers
Cool. I've added a template called Caillou. It has an eye calming colour scheme.

I am going to investigate the Dailies now (which seem very accurate) as I can use super low stake on the slow burn and use M15 for my intra day.

Cheers.
Quoting kraven
quick notes today...be careful of EU and UChf, they've been rather flat. wegde like and could break either way.

Omd y=the daily candles were...GU 20th (up over 170), NU 20th (now over 100), Nchf and EU yesterday - haven't triggered
hi, for the NU (20th), that's a dead stop signal right? are you taking in consideration the close and open prices of the 2 bars rather than the wicks? coz their upper wicks are quite obviously apart (about 6pips difference). i had thought i was supposed to compare the high/low of 2 candles...pls correct me if i'm wrong...

also, do you usually take your first profit (partial) at 1:1? and then let the rest run as you shift your SL?

thanks...
Quoting Chulmleigh
Cool. I've added a template called Caillou. It has an eye calming colour scheme.

I am going to investigate the Dailies now (which seem very accurate) as I can use super low stake on the slow burn and use M15 for my intra day.

Cheers.
Quoting Omd
hi, for the NU (20th), that's a dead stop signal right? are you taking in consideration the close and open prices of the 2 bars rather than the wicks? coz their upper wicks are quite obviously apart (about 6pips difference). i had thought i was supposed to compare the high/low of 2 candles...pls correct me if i'm wrong...
I think that on a daily level those pips are what might be called dead on.
Quoting Chulmleigh
Now, I used a order earlier and it worked out. The problem I have is: do I account for the spread in the order and maybe lose another pip and a half and allow for the spread on the TP losing another pip and a half. Or do I enter at exact price risking a tickle and away and use exact TP and have a hit on screen but not on trade.

I know that this is a perennial problem but it means 10 pips becoming 7 and then the 1:1 does not work out.

Any answers gratefully received.
this is what i do. if it's a long position, KRC shows high of 1.3000 and low of 1.2980 and my spread is 2pip. i will queue to buy 1.3002 so on my chart i will enter at exact same peak point as KRC. meanwhile my SL will be bottom of KRC = 1.2980 which comes up to 22pip and that's what i set for my TP = 1.3024

short position, KRC high 1.3000, low 1.2980, spread 2.
enter 1.2980 / SL 1.3002 (at least) / TP 1.2958

my 2-cents' worth
Quoting Omd

my 2-cents' worth
Thanks.
Quoting Chulmleigh
I think that on a daily level those pips are what might be called dead on.
"dead on"? i dun understand
  • Post #734
  • Quote
  • Edited 10:02am Feb 22, 2012 10:01am | Edited 10:02am
Quoting Omd
"dead on"? i dun understand
Sorry, "Dead on" means "precise" or "spot on".
Which pairs are people trading with the 1H method?
Hi Kraven or anyone who knows,

When your trading from the daily candle what time do you put your trade on

Thanks

Angie
Quoting Chulmleigh
Sorry, "Dead on" means "precise" or "spot on".
ok! so you mean for daily bars, 6pip diff is close enough to be considered dead stop right? thanks!
Quoting pi piper
Which pairs are people trading with the 1H method?
i think commonly traded pairs for H1 are EurUsd, GbpUsd, EurJpy, UsdChf, AudUsd, NzdUsd.
Quoting Omd
ok! so you mean for daily bars, 6pip diff is close enough to be considered dead stop right? thanks!
No, I'm not saying that. I just suppose that that is the reasoning.
Quoting Angie 2012
Hi Kraven or anyone who knows,

When your trading from the daily candle what time do you put your trade on

Thanks

Angie
Hi Angie,
Just place a stop order at the level noted. As you are here in the UK this either means looking at around midnight, or just first thing in the morning. Of course 00:00 is best as there might be a move in your direction over night, but in the morning you might notice that a High/Low has not yet broken or even that it has recently broken a little bit and you have your chance.

Hope this is about right.

I am most definitely not a master of the market.
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