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Southern Cross Trader

  • #2,781
  • Nov 6, 2018 6:11pm Nov 6, 2018 6:11pm
Quoting Ghost Walker
{quote} SCT Family, this is a perfect example and exactly why it is so critical to wait for all the rules of entry, if you entered early on this without banking you would be in a 200pip drawdown, GW
Yes was a little ambitious - luckily I got stopped for sub much less than 200 points. I banked some profits on the GBPNZD from the rally up today before the news. disappointed to see it collapse / cascade down since I was kind of hoping that it would go the other way.
anyway all this crap over summer that the trade wars is screwing these economies isn't showing in there exports / cpi or unemployment. so there I can only think that there is just so much BS out there. and major events like midterms and tradewars are hard to navigate around. therefore answer I am becoming more and more resolute on is trade exhaustion!... if we look back on the JPY trades from last weeks have done really well. leaving some money on the table and you would have banked some nice coin.... I am keeping my monitoring on so I can stay to get a good picture on some of the less volatile less pip moving crosses.

EURNZD looks to be the better of the 2 for me.
GBPNZD has either an inside Weekly candle and a higher low... for me that needs more confirmation than EURNZD that broke below 1.70 wash out stops for rally back. Also EUR has so far this week been held back when all other majors have rallied quite a lot. maybe this is a strong sign of ongoing weakness in the EUR but lets see what happens.
  • #2,782
  • Nov 6, 2018 6:37pm Nov 6, 2018 6:37pm
I will be watching the London Open closely for more confirmation - EUR looks strongest tonight. if that follows through tomorrow could be a strong rebound
  • #2,783
  • Nov 7, 2018 7:51am Nov 7, 2018 7:51am
Watch those NZD pairs..

RBNZ Monetary Policy Statement later.. and cash rate.
  • #2,784
  • Nov 7, 2018 10:21am Nov 7, 2018 10:21am
EURNZD failed again this morning to reach on the 4Hr RSI 85 at or even before the London Open and based on the rules there is no strength here yet to get excited about - even though TDI keeps getting upto 100 on the 4HR and looks very oversold. waiting patiently for a change in sentiment.
  • #2,785
  • Edited Nov 8, 2018 2:08pm Nov 7, 2018 7:23pm | Edited Nov 8, 2018 2:08pm
Here's that EA I made up, You still have to have the Nihilist TD on the chart, just offset it 10000 so its out of view.
One thing to note, It doesn't play well with symbol changer (chart button V2) and doesn't seem to know that the symbol has been changed
There are 2 versions at this stage one for yen pairs and one for other pairs.....(I'm still working on this) so if you load it and your Ibuko readings are something crazy you have the wrong one loaded.
Its got a chart trader built in now.It automatically calculates position size based on risk.
Attached Image (click to enlarge)
Click to Enlarge Name: loaded.png Size: 44 KB

The little box with 5 in it is risk in percent of banked account balance. You can select and change this from the chart.
Press the trade button and a Stop line is drawn on the chart. you move this line to where you would bail if things went pear shaped.
If the line is below price you get a buy button and a sell button if its above price.
Attached Image (click to enlarge)
Click to Enlarge Name: pres trade button.png Size: 44 KB

Attached Image (click to enlarge)
Click to Enlarge Name: move stop.png Size: 45 KB

If there is a position open you get a bank button this will only close trades that have been opened by the EA.
If you want to add just press the trade button again and repeat the process.
Attached Image (click to enlarge)
Click to Enlarge Name: position open.png Size: 46 KB


Please test in demo until you get a feel for it and in case you find any bugs.
Cheers

Attached File(s)
File Type: ex4 GW on chart jpy order entry.ex4   390 KB | 365 downloads
Attached File(s)
File Type: ex4 GW on chart usd order entry.ex4   389 KB | 331 downloads
Attached File(s)
File Type: tpl JPY JC HSV MSY MoofsEA2.tpl   30 KB | 340 downloads
Attached File(s)
File Type: tpl USD JC HSV MSY MoofsEA2.tpl   30 KB | 339 downloads




These ones don't have the chart trader.
Attached File(s)
File Type: ex4 GW on chart USD.ex4   274 KB | 359 downloads
Attached File(s)
File Type: ex4 GW on chart yen.ex4   364 KB | 300 downloads
  • #2,786
  • Nov 8, 2018 12:50am Nov 8, 2018 12:50am
Quoting Moof
Here's that EA I made up, You still have to have the Nihilist TD on the chart, just offset it 10000 so its out of view. One thing to note, It doesn't play well with symbol changer and doesn't seem to know that the symbol has been changed There are 2 versions at this stage one for yen pairs and one for other pairs.....(I'm still working on this) so if you load it and your Ibuko readings are something crazy you have the wrong one loaded. Its got a chart trader built in now.It automatically calculates position size based on risk. {image} The little...
Nice work Moof, keep us posted with the testing, GW
IMPROVISE ADAPT OVERCOME
  • #2,787
  • Nov 8, 2018 3:41am Nov 8, 2018 3:41am
Nice moof! I will test it out when I get some time over next day or so..
  • #2,788
  • Nov 8, 2018 3:43am Nov 8, 2018 3:43am
hopped onto the eurnzd on the little pullback just before.. let's see how it goes..

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 14 KB
  • #2,789
  • Nov 8, 2018 3:52am Nov 8, 2018 3:52am
closed half at +7 and placed a stop a few pips below daily open. Just realised there is Euro news in a moment, takes most the risk out if it's wrong haha
  • #2,790
  • Nov 8, 2018 3:53am Nov 8, 2018 3:53am
Quoting leeshindig
hopped onto the eurnzd on the little pullback just before.. let's see how it goes.. {image}
Me too, Ill be keeping a tight stop though, Not that I trade patterns but looks like its forming a flag and could go either way.
  • #2,791
  • Nov 8, 2018 4:00am Nov 8, 2018 4:00am
closed it.. flat
  • #2,792
  • Nov 8, 2018 4:43am Nov 8, 2018 4:43am
Probably going to go without me here lol.. I'm going out for a walk.
  • #2,793
  • Nov 8, 2018 7:12am Nov 8, 2018 7:12am
Quoting leeshindig
hopped onto the eurnzd on the little pullback just before.. let's see how it goes.. {image}
It seems your TDI has not crossed, it's great if you can catch the move early from H4, but I think it's safer to wait for the D1 chart to say "Pull the trigger"
For me price has to close outside the Keltner bands, close back inside and %R cross O/B or O/S as the case may be.
Attached Image (click to enlarge)
Click to Enlarge Name: SCT DASH 24.png Size: 83 KB


You can see that the GBPNZD rally that yielded bankable pips did not follow through, yeah I know this is not a trend trading method but I just want to be safe.
Attached Image (click to enlarge)
Click to Enlarge Name: SCT DASH 25.png Size: 84 KB
Let it turn and find your entry.
  • #2,794
  • Nov 8, 2018 8:16am Nov 8, 2018 8:16am
Quoting Moof
Here's that EA I made up, You still have to have the Nihilist TD on the chart, just offset it 10000 so its out of view. One thing to note, It doesn't play well with symbol changer and doesn't seem to know that the symbol has been changed There are 2 versions at this stage one for yen pairs and one for other pairs.....(I'm still working on this)
Great job you've done here freed me some valuable processing space.

It seems the none trade EA has chart Buttons as well.

Will be watching more closely, thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: SCT DASH 26.png Size: 90 KB
Let it turn and find your entry.
  • #2,795
  • Nov 8, 2018 8:41am Nov 8, 2018 8:41am
Quoting Intrepidpips
{quote} It seems your TDI has not crossed, it's great if you can catch the move early from H4, but I think it's safer to wait for the D1 chart to say "Pull the trigger" For me price has to close outside the Keltner bands, close back inside and %R cross O/B or O/S as the case may be. {image}
For instance these conditions were met on EURNZD twice recently on the D1 chart

Attached Image (click to enlarge)
Click to Enlarge Name: SCT DASH 27.png Size: 97 KB


Going to the next lower time frame the following day you see like Ghost Walker always says, "If it's Exhaustion, it must fall"
Attached Image (click to enlarge)
Click to Enlarge Name: SCT DASH 28.png Size: 105 KB


I am glad I joined this family.
Let it turn and find your entry.
  • #2,796
  • Nov 8, 2018 1:50pm Nov 8, 2018 1:50pm
Quoting Intrepidpips
{quote} Great job you've done here freed me some valuable processing space. It seems the none trade EA has chart Buttons as well. Will be watching more closely, thank you. {image}
Thanks for that,
I inadvertently saved those buttons with the chart template, they are not in any of the Ea's any more.
And you also helped me realise that the order entry was not quite finished. I forgot to add that all chart objects are removed when the EA is removed from the chart.
I have fixed both now and updated the original post with the fixed files.
Attached File(s)
File Type: ex4 GW on chart jpy order entry.ex4   390 KB | 340 downloads
Attached File(s)
File Type: ex4 GW on chart usd order entry.ex4   389 KB | 360 downloads
Attached File(s)
File Type: tpl JPY JC HSV MSY MoofsEA2.tpl   30 KB | 364 downloads
Attached File(s)
File Type: tpl USD JC HSV MSY MoofsEA2.tpl   30 KB | 382 downloads
  • #2,797
  • Nov 8, 2018 1:57pm Nov 8, 2018 1:57pm
EURNZD Strong rejection from yesterdays low
  • #2,798
  • Nov 8, 2018 5:24pm Nov 8, 2018 5:24pm
A break of the lows and rejection, one of my favourite entry’s.
jumped on for 3% risk above the hourly candle. Cmon bulls!
  • #2,799
  • Edited 7:38pm Nov 8, 2018 7:26pm | Edited 7:38pm
Quoting Moof
A break of the lows and rejection, one of my favourite entry’s. jumped on for 3% risk above the hourly candle. Cmon bulls!
I took a 60 pip hit on Wednesday, made a bad call, second loss for the year, I stepped away from the table [ trading ] yesterday to have a break, really wasn't happy with my self as I ignored what I was feeling and went in any way, F###############CK, well no use crying over spilt milk, refocus and back in sniper mode, GW
IMPROVISE ADAPT OVERCOME
  • #2,800
  • Nov 8, 2018 8:44pm Nov 8, 2018 8:44pm
Quoting Ghost Walker
{quote} I took a 60 pip hit on Wednesday, made a bad call, second loss for the year, I stepped away from the table [ trading ] yesterday to have a break, really wasn't happy with my self as I ignored what I was feeling and went in any way, F###############CK, well no use crying over spilt milk, refocus and back in sniper mode, GW
Unfortunately that is a cost of doing business and it happens to the best traders in the world.
For it to only happen twice in a year is a testament to your skill level GW.
This one has been testing my patience too, I have had 4 shots at it now 3 break evens and one 3% loss.
I am writing down my mistakes and will make a list of psychological rules to help sharpen my aim...at this stage i realise I am still a machine gunner
This morning has been the first time I've seen a proper entry the whole time.
My stop is at below the low and it is staying there, I'm still committed to this one and am willing to take the loss. Just gotta let it play out.
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