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Trader Dale - daily trading levels

  • #8,281
  • Jun 20, 2017 4:50pm Jun 20, 2017 4:50pm
Quoting spynoza
{quote} EU long 1.1126 hit TrlStop +4... AU long 0.7577 hit BE... UC short 1.3288 cancel... Win : Loss = 14 : 11 (148 pips : 133 pips)
and im still in that 7583 au long ...
  • #8,282
  • Jun 20, 2017 7:45pm Jun 20, 2017 7:45pm
Quoting HappyMe
{quote} Hi ....I'm thinking and thinking but I don't make progress atm I like to program such thing as a "Quitting the position earlier" but what critera do we need to check. Oke, if you don't see aggression. That's a clear statement! But what is aggression in terms of pricemovement? How to measure this? Maybe a specific range between x-minuts...? Ideas are welcome here. In principle I don't like indicators anymore (maybe it is wise to add them but in the
firstplcae I don't want to trade with them) so what possibilities do we have...
Your signals were real helpful, why did you stop posting?
  • #8,283
  • Edited Jun 21, 2017 1:22am Jun 20, 2017 10:39pm | Edited Jun 21, 2017 1:22am
My levels today :

EU : long 1.1078 - short 1.1164//1.1183
AU : long 0.7558 - short 0.7605//0.7623
UJ : long 110.97//110.73 - short 111.64//112.23
UC : long 1.3232//1.3210 - short 1.3321

edit : AU long 0.7558 hit BE
Follow the flow of water in a stream
  • #8,284
  • Jun 20, 2017 10:50pm Jun 20, 2017 10:50pm
Quoting januszo
{quote} and im still in that 7583 au long ...
and it looks like you are out of luck, is it true?
Follow the flow of water in a stream
  • #8,285
  • Jun 21, 2017 1:49am Jun 21, 2017 1:49am
[quote=spynoza; edit : AU long 0.7558 hit BE[/quote]
How? It is still in trade...
Attached Image
  • #8,286
  • Jun 21, 2017 2:17am Jun 21, 2017 2:17am
Quoting spynoza
{quote} and it looks like you are out of luck, is it true?
  • #8,287
  • Edited 9:17am Jun 21, 2017 2:29am | Edited 9:17am
Quoting ergest7
{quote} Your signals were real helpful, why did you stop posting?
Hi. Nice to hear they are helpful. Well I needed to change my EA with a main change. So there wasn't time left to do the levelpicking with the good attitude!

Besides that I have to admit that my levels since the market shift last week were not that oke...not the levels where that bad but the market didn't react to it. There was real rednews what make a real difference, there was also the so called Triple Witching Day. After that all, I was searching for the good levels and far from sure......

Anyway first I need the EA in a good working shape.

I also want to create a good exit strategy for protecting my Balance. Unfortunately it all cost time
You can manage risk, but you can't manage the return
  • #8,288
  • Jun 21, 2017 2:32am Jun 21, 2017 2:32am
Quoting januszo
{quote}
Not much luck for me either, it went my TP12 didn't hit and went back to BE. TP10 would have been fine.
  • #8,289
  • Edited 3:15am Jun 21, 2017 2:37am | Edited 3:15am
Quoting HappyMe
{quote} You really triggered me... I had quick look at it with some TP and SL trades and yes, your approach make a lot of sense to me! I now try to document the characteristics (on 5min chart) of every trade I make. With this I hope to come to a measured decision of Rule(s) to look at during a trade. "Which rules can we look at for measure the needed aggression" Hope this excersise can lead to some useful rules Think on things as: -Aggressive reaction yes or no (in beginning or end?) -how long within neg. territorium -duration...
Hi GU-Night,
For today I had a buy level for AUDUSD at 0.7558

Where would you start to try to go to BE and why?
and would you go to BE in this situation? At the end the trade went to a full TP.....but in the beginning it was real unsure in my opiniun....

Personally I wouldn't say there is any aggression after we started the trade. It looks more as balancing a little around

Below you see the 5min chart

Thanks again!
Attached Image
You can manage risk, but you can't manage the return
  • #8,290
  • Jun 21, 2017 4:35am Jun 21, 2017 4:35am
Quoting fxdude1
{quote} How? It is still in trade... {image}
I set if the profit is 4.5 pips, SL move to BE (0.1 pips) and if profit continues 9.4 pips SL move to profit 3.5 pips
Follow the flow of water in a stream
  • #8,291
  • Jun 21, 2017 5:03am Jun 21, 2017 5:03am
Quoting HappyMe
{quote} Hi GU-Night, For today I had a buy level for AUDUSD at 0.7558 Where would you start to try to go to BE and why? and would you go to BE in this situation? At the end the trade went to a full TP.....but in the beginning it was real unsure in my opiniun.... Personally I wouldn't say there is any aggression after we started the trade. It looks more as balancing a little around Below you see the 5min chart Thanks again! {image}
Hi HappyMe,

If you choose to trade during illiquid times you have to accept this choppy price action so now and then, I think. That said, based on price action I wouldn't close the trade at BE, it went only 3.8 pips against your entrylevel. I don't see that as a break of the level. I would probably have closed it at BE based on time after 10, 20 minutes, because my best trades all look similar and run almost directly in profit.
Attached Image
  • #8,292
  • Jun 21, 2017 5:16am Jun 21, 2017 5:16am
Quoting GU-Night
{quote} Hi HappyMe, If you choose to trade during illiquid times you have to accept this choppy price action so now and then, I think. That said, based on price action I wouldn't close the trade at BE, it went only 3.8 pips against your entrylevel. I don't see that as a break of the level. I would probably have closed it at BE based on time after 10, 20 minutes, because my best trades all look similar and run almost directly in profit. {image}
I agree with you that the best trades don't last longer than 30 mins or so. If I was looking to break even I would look to set it to BE if we were still in negative territory after that time. or look to close with a profit if we are in the green after the same time. Otherwise you're just waiting and hoping it goes your way.
So many in the Commercial section want to make me rich! :o
  • #8,293
  • Jun 21, 2017 5:54am Jun 21, 2017 5:54am
Quoting FX-Flux
{quote} I agree with you that the best trades don't last longer than 30 mins or so. If I was looking to break even I would look to set it to BE if we were still in negative territory after that time. or look to close with a profit if we are in the green after the same time. Otherwise you're just waiting and hoping it goes your way.
Thanks Guys!!

We are coming to some rules....I think that's a very welcome subject!

Not that the levelpicking isn't that bad, Acutally I think this methode is very oke! But we must protect ourselves in case the market is not reacting as we are expecting! Otherwise we are again in the area of hope, pray, gambling and luck.

For sure we miss some nice profit but for sure we miss some important stops. If we can put this in our advantage we are where we want to be...
You can manage risk, but you can't manage the return
  • #8,294
  • Edited 9:31am Jun 21, 2017 7:02am | Edited 9:31am
Quoting HappyMe
{quote} Thanks Guys!! We are coming to some rules....I think that's a very welcome subject! Not that the levelpicking isn't that bad, Acutally I think this methode is very oke! But we must protect ourselves in case the market is not reacting as we are expecting! Otherwise we are again in the area of hope, pray, gambling and luck. For sure we miss some nice profit but for sure we miss some important stops. If we can put this in our advantage we are where we want to be...
Guys,

What do you all think for implementing the rules below?!

Rule 1
Close trade XX minutes before the RedNews filter goes Active

Rule 2
5 minute chart
If (trade > XX pips in RED) && (5min-bar close >YY % of bar with tails-> direction neg. territory) then move TP to BE

Rule 3
If trade in RED after XX minutes then set TP to BE

Rule 4
If trade in GREEN after XX minutes then Close trade

Rule 5
If trade in Green for XX pips set SL to BE


-Besides that I still need to program the monstermove filter
You can manage risk, but you can't manage the return
  • #8,295
  • Edited Jun 22, 2017 1:17am Jun 21, 2017 8:48am | Edited Jun 22, 2017 1:17am
Quoting spynoza
My levels today : EU : long 1.1078 - short 1.1164//1.1183 AU : long 0.7558 - short 0.7605//0.7623 UJ : long 110.97//110.73 - short 111.64//112.23 UC : long 1.3232//1.3210 - short 1.3321 edit : AU long 0.7558 hit BE
UJ short 111.64 hit BE...

edit : EU short 1.1164 hit BE... UJ long 110.97 hit TP +10

Win : Loss = 15 : 11 (158 pips : 133 pips)
Follow the flow of water in a stream
  • #8,296
  • Jun 21, 2017 12:47pm Jun 21, 2017 12:47pm
Quoting HappyMe
{quote} Guys, What do you all think for implementing the rules below?! Rule 1 Close trade XX minutes before the RedNews filter goes Active Rule 2 5 minute chart If (trade > XX pips in RED) && (5min-bar close >YY % of bar with tails-> direction neg. territory) then move TP to BE Rule 3 If trade in RED after XX minutes then set TP to BE Rule 4 If trade in GREEN after XX minutes then Close trade Rule 5 If trade in Green for XX pips set SL to BE -Besides that I still need to program the monstermove filter
Itwould require my breakeven class to be modified.doable i think.
  • #8,297
  • Jun 22, 2017 4:29am Jun 22, 2017 4:29am
My levels today :

EU : long 1.1135//1.1096 - short 1.1188//1.1207
AU : long 0.7518 - short 0.7584//0.7610
UJ : short 111.64//112.17
UC : long 1.3297//1.3273 - short 1.3387
Follow the flow of water in a stream
  • #8,298
  • Jun 22, 2017 3:05pm Jun 22, 2017 3:05pm
Hi GU-Night,

Yesterday I programmed all the rules except the Rule2: 5 minute chart, If (trade > XX pips in RED) && (5min-bar close >YY % of bar with tails-> direction neg. territory) then move TP to BE. Planned to do that the coming days!

Today I had three trades what were close by some rules, see below. What do you think of the traderesults of below trades

Trade1: EURUSD Sell, level 1.1176 => trade close with Rule4: "If trade in GREEN after 30 minutes then Close trade" => result +2.8pips (without rules it would be +10Pips)
Trade2: USDCAD Buy, level 1.3219 => trade closed with Rule5: "If trade in Green for 8 pips set SL to BE" => result +1pip (without rules it would be +10pips)
Trade3: USDJPY Buy, level 111.15 => trade closed with Rule3: "If trade in RED after 30 minutes then set TP to BE" =>result +1pip (Without rules is would be -12pips)

Chart below are 5Min charts

Total result of day:
With Rules => +4,8Pips
Without Rules => +8pips

What do you think.....are the Rules working as you would maybe do it? Or did I miss some important Rule-info?!

Personly I think the rules worked in all cases good...
Attached Images
You can manage risk, but you can't manage the return
  • #8,299
  • Jun 22, 2017 3:18pm Jun 22, 2017 3:18pm
Quoting HappyMe
Hi GU-Night, Yesterday I programmed all the rules except the Rule2: 5 minute chart, If (trade > XX pips in RED) && (5min-bar close >YY % of bar with tails-> direction neg. territory) then move TP to BE. Planned to do that the coming days! Today I had three trades what were close by some rules, see below. What do you think of the traderesults of below trades Trade1: EURUSD Sell, level 1.1176 => trade close with Rule4: "If trade in GREEN after 30 minutes then Close trade" => result +2.8pips (without rules it would be +10Pips) Trade2: USDCAD Buy, level...
.if levels are short and rare ones then maybe avg tp time is like 20 mins but now it was like 70 minutes forme since i did some frequent and swing like trading.
after a month or two i ll check again avg tp time.
Well, firstly u need set style. second perform tests.
with c# it is easy
  • #8,300
  • Edited 4:05pm Jun 22, 2017 3:23pm | Edited 4:05pm
Quoting HappyMe
Hi GU-Night, Yesterday I programmed all the rules except the Rule2: 5 minute chart, If (trade > XX pips in RED) && (5min-bar close >YY % of bar with tails-> direction neg. territory) then move TP to BE. Planned to do that the coming days! Today I had three trades what were close by some rules, see below. What do you think of the traderesults of below trades Trade1: EURUSD Sell, level 1.1176 => trade close with Rule4: "If trade in GREEN after 30 minutes then Close trade" => result +2.8pips (without rules it would be +10Pips) Trade2: USDCAD Buy, level...
why uj 111.15 ? why in downtrend u selected level that is ahead of resistance? why didtnt u tried 111.00 or sth? round number , behind activity hill,behind extreme and in the middle of hill on 19th .. [hill or belly ]
well im gonna bet on 111.45... o a bit higher, 49. In direction of a trend, above extreme and at the begining of a belly.a bit close though.

ok.let it be 111.51
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