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As Easy as "PI"

Quoting Caillou
Yep, 9 of my 10 pairs have pending orders.....USD/JPY and CAD/JPY already fired.

Still thinking about just taking addons trades or not.........

Cheers
Caillou,

What do you mean by "Just". You mean wait for the first pullback?
Very nice Spyderman! Really like what you have here......
Quoting spyderman
Caillou,

What do you mean by "Just". You mean wait for the first pullback?
I mean taking crosses and pullbacks or just pullbacks......I have made a quick visual backtest, sometimes you missed some initial good moves but sometimes taking only pullbacks makes you avoid a lot of losses due to ranging periods.

As always, not easy to say what is the best.

Do you have any conclusion about this?

Thank you

Cheers
Quoting 4xPIPAHOLIC
Very nice Spyderman! Really like what you have here......
Thanks 4x,

That means a lot. Hope we can continue the success.
Quoting Caillou
I mean taking crosses and pullbacks or just pullbacks......I have made a quick visual backtest, sometimes you missed some initial good moves but sometimes taking only pullbacks makes you avoid a lot of losses due to ranging periods.

As always, not easy to say what is the best.

Do you have any conclusion about this?

Thank you

Cheers
Yeah I agree. I've definitely held off on entries on some of the ranging pairs until a pullback confirmation. NzdChf is a good example.

On others, like when I got stopped out of the E/J and G/J a couple of weeks ago, I got right back in at the earliest signal.

So, as with most things, you definitely have to use some discretion.
Quoting spyderman
Thanks 4x,

That means a lot. Hope we can continue the success.
I am sure we can my friend....the only way we can fail is if we give up......
Hi Spyderman

Thanks for your generosity on sharing this simple powerful idea, I hope it continues with lots of other trends.

Just set up a demo and got everything ready to go, probably going to kick of just as the trends change ! Anyhow its long term and we need to jive the system some stress and look at the outcomes.

Can I ask are you able to share the MA trailing stop ?

May the trends never stop

Thanks
Hi Spiderman,

This chart is from AUDCAD Daily, it seems that you dont trade this pair? Could you please confirm that a short has been triggered?

Thank you for sharing a very nice strategy...
Mfinab,

http://mfinab.dyndns.org:8000/20130205-785-212kb.jpg
Obama is about to talk.... get ready for some movements...
Hopefully the japs don't come back to bite me in the youknowwhat..
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Quoting mfinab
Hi Spiderman,

This chart is from AUDCAD Daily, it seems that you dont trade this pair? Could you please confirm that a short has been triggered?

Thank you for sharing a very nice strategy...
Mfinab,

http://mfinab.dyndns.org:8000/20130205-785-212kb.jpg
If you were trading strictly off of the cross then yes. Some are waiting for the first pullback/continuation to enter, especially on pairs that are coming out of a ranging area.

No, I don't currently have A/C on my radar. It was pretty choppy back in November when I started this and really not setup to trade. I've put it back on my platform but not taking anything on it yet.
Hi Spiderman,
This is from you froma previous post.. : As far as the close...you can see in the attached chart, I use an ea that trails my stop in relation to the 22 MA. Here on Eur/Gbp I have it set to trail the MA by 15 pips. The 22 MA right now is at .8411. The trailing stop is at .8396. As price moves up the stop will too. If price moves against me then it will close the trades.

Is this the way you still make on open trades? I read that you got SL out on GJ and another pair... wondering if you modified the way to put SL since that day.

Thanks for you help again Spiderman,

Mfinab,
Sorry my english please.

Firt of all thanks spyderman for his work. i'm trying to trade in 1H chart....and there realy is a problem to control all open tradeі.

maybe is a good idea to make EA.....

Why i'm not using 1D .....i dont have a lot of money.



Spyderma, and others, what can you suggest for 1H trading?


(sory if i missed this in topic)
Quoting mfinab
Hi Spiderman,
This is from you froma previous post.. : As far as the close...you can see in the attached chart, I use an ea that trails my stop in relation to the 22 MA. Here on Eur/Gbp I have it set to trail the MA by 15 pips. The 22 MA right now is at .8411. The trailing stop is at .8396. As price moves up the stop will too. If price moves against me then it will close the trades.

Is this the way you still make on open trades? I read that you got SL out on GJ and another pair... wondering if you modified the way to put SL since that day....
Actually at that time I was using a 300 pips trailing stop. That's what took me out of G/J and E/J. Since then I've switched to the trailing MA. Had I been using it at that time the E/J would not have closed. The G/J would have.
Quoting sefew
Sorry my english please.

Firt of all thanks spyderman for his work. i'm trying to trade in 1H chart....and there realy is a problem to control all open tradeі.

maybe is a good idea to make EA.....

Why i'm not using 1D .....i dont have a lot of money.



Spyderma, and others, what can you suggest for 1H trading?


(sory if i missed this in topic)
I can't suggest anything because I don't trade that low of TF with this. I just don't think you're going to get the trends. Too choppy.
If you can't invest in daily charts, try finding a broker with a micro account that lets you trade $100 positions. At 100:1 leverage you'd only be putting up a dollar for each one.
Hi Spiderman

Thank you for the quick reply. I would very appreciate you to be in IRC channel. Is there any other way to stay in contact beside FF ?

Thanks again for your time.

Regards,
Mfinab,
Quoting mfinab
Hi Spiderman

Thank you for the quick reply. I would very appreciate you to be in IRC channel. Is there any other way to stay in contact beside FF ?

Thanks again for your time.

Regards,
Mfinab,
I'm not much of a chatter. Too many commitments. Thanks for the invite though.
All the JPY pendings have hit. 8 new total orders on the day.
Quoting eltax100
Hi Spyderman



Can I ask are you able to share the MA trailing stop ?

May the trends never stop

Thanks

It's a commercial product so don't want to go into it on the thread. You can PM me if you want.
Quoting mfinab
Hi Spiderman,

This chart is from AUDCAD Daily, it seems that you dont trade this pair? Could you please confirm that a short has been triggered?

Thank you for sharing a very nice strategy...
Mfinab,

http://mfinab.dyndns.org:8000/20130205-785-212kb.jpg
I have a couple of open trades on the AUD-CAD, see the chart, just on demo, this broker has Sunday candle now but they are working to change to GMT +2 soon, also in my Explorer, don't look too close or ask me any hard questions of the trades there

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