Learn&Earn | Page 15 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The best Youtube Strategy Vids - My selection - 2learn & earn 0 replies

I want to learn and learn 53 replies

Learn Forex Risk Management & Deal with Forex Loss 8 replies

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

Its better learn wisdom late, than never to learn it at all 8 replies

Attachments: Learn&Earn
Exit Attachments

Learn&Earn

  • #281
  • Mar 28, 2019 10:38am Mar 28, 2019 10:38am
Quoting xiaoxin13
I like this trading system, but why keep adding indicators?
which picture shows that?
ITB - Seeing Orderliness amongst 'Randomness'
  • #282
  • Mar 28, 2019 10:58am Mar 28, 2019 10:58am
Hi,

I took one trade today and it made it to the 1:1 target; unfortunately I had chosen a 2:1 target. When price reached 1:1 I moved my stoploss to BE and price retraced to take me out 1 pip in profit.

So all in all a very good day for 2 reasons: first, I now have further evidence that the system works quite well; and second, I've decided to place all my targets at 1:1 until I come across a good reason to change that.

Cheers,
pipShine
Attached Image (click to enlarge)
Click to Enlarge Name: 10a_GbpUsd_M15_Mar28.png Size: 52 KB
  • #283
  • Mar 28, 2019 11:49am Mar 28, 2019 11:49am
Hi,

The GbpUsd has been active even after the close of the London session so I decided to re-enter. I saw a reasonable set-up so I took it. And I set my target to 1:1. And I hit my target.

I like this system!

Cheers,
pipShine
Attached Image (click to enlarge)
Click to Enlarge Name: 11a_GbpUsd_M15_Mar28.png Size: 55 KB
  • #284
  • Mar 28, 2019 11:54am Mar 28, 2019 11:54am
Quoting pipShine
So all in all a very good day for 2 reasons: first, I now have further evidence that the system works quite well; and second, I've decided to place all my targets at 1:1 until I come across a good reason to change that. Cheers, pipShine {image}
hi
i noticed that you have come to realise that the moving averages more or less telling the same story as cci, just a different visual.
personally i find that sma is more reflective of cci. if price moves down sma14, cci 14 moves down the zero line.
likewise with sma100/cci100. cci has a further advantage of showing divergence.
starting off with rr 1:1 is good. if you want to explore further 1:1.5 or 1:2 when you are more conversant, you can test taking partial profit at 1:1 and then sl at be and let the rest run. or even trail sl above sma14.
just a suggestion.
ITB - Seeing Orderliness amongst 'Randomness'
  • #285
  • Mar 28, 2019 11:58am Mar 28, 2019 11:58am
Quoting pipShine
Hi, I took one trade today and it made it to the 1:1 target; unfortunately I had chosen a 2:1 target. When price reached 1:1 I moved my stoploss to BE and price retraced to take me out 1 pip in profit. So all in all a very good day for 2 reasons: first, I now have further evidence that the system works quite well; and second, I've decided to place all my targets at 1:1 until I come across a good reason to change that. Cheers, pipShine {image}

Nice going, I managed to snag Three today from GU

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15....png Size: 83 KB
From tiny pips mighty oaks grow
  • #286
  • Mar 28, 2019 12:11pm Mar 28, 2019 12:11pm
Quoting Inthebox
{quote} hi, i noticed that you have come to realize that the moving averages more or less telling the same story as cci...
Hi Inthebox,

Actually, no, I hadn't seen the relationship - thanks for pointing it out. Especially about the 14SMA and the 100SMA - and about trailing a stop along the 14SMA.

And, yeah, I'm definitely going to stick with 1:1 targets until I get some consistency...

Cheers,
pipShine
  • #287
  • Mar 28, 2019 12:14pm Mar 28, 2019 12:14pm
Quoting Boo15
{quote} Nice going, I managed to snag Three today from GU {image}
Nicely done, Boo15! It's nice to know that I'm seeing the same opportunities that you are. I might just get the hang of this yet...
  • #288
  • Mar 28, 2019 3:56pm Mar 28, 2019 3:56pm
Hi guys,
I am new here, first of all, thank you whatever and other members for this thread. I took the trade today following the guidelines, unfortunately, i hit the stop loss (loss happens). Here is what i did, 1. cci crosses 100 2. BO resistance 3. Double top 4. checked divergence, one more thing i didn't wait for BO box maybe that's why it went wrong? i am not sure. I just want to make sure that i properly understand the strategy or not and if anyone shows me some light, i would really appreciate it. Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 41 KB
A meeting that was never meant to happen
  • #289
  • Mar 28, 2019 7:33pm Mar 28, 2019 7:33pm
Quoting Barsh
I just want to make sure that i properly understand the strategy or not and if anyone shows me some light, i would really appreciate it. Thank you {image}
your situation was the same as someone i responded earlier. always look left for support and resistance zone.
explanation by hindsight.
1. higher time frame h1 was in a downtrend. the area where you took a buy was heading for a resistance zone.
2. m5 earlier showed a good buy.
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 18 KB
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #290
  • Mar 28, 2019 7:54pm Mar 28, 2019 7:54pm
Quoting Inthebox
{quote} your situation was the same as someone i responded earlier. always look left for support and resistance zone. explanation by hindsight. 1. higher time frame h1 was in a downtrend. the area where you took a buy was heading for a resistance zone. 2. m5 earlier showed a good buy. {image} {image}
Thank you Inthebox for taking your time to explain me, I get it now, I need to watch overall trend and support/resistance as well. Thanks again
A meeting that was never meant to happen
  • #291
  • Mar 28, 2019 8:06pm Mar 28, 2019 8:06pm
my following observations may or may not help.
cci is a momentum indicator, use it as such, as in this thread. some use it as overbought/oversold indicator.
i am explaining the first situation as per numbering in the pictures.

1. when cci crosses the 100/-100 line, it shows momentum.
after quite a while cci came down to -100 -> so i am looking for a sell.
2. cci 14 crosses back up -100 but not +100 -> tells me that there is more momentum on the down side.
3. down trend fades out when when cci 14 crosses up +100. cci 100 crosses back up -100.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 25 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #292
  • Mar 28, 2019 9:05pm Mar 28, 2019 9:05pm
if one does not know how to read candlestick price action which will give the best entry, the next best thing is learn to know the characteristics of an indicator as much as possible like the back of your hand.

coming this far, i have already "tell it all". so apply diligently yourself.

cheers
ITB - Seeing Orderliness amongst 'Randomness'
  • #293
  • Mar 28, 2019 9:14pm Mar 28, 2019 9:14pm
Quoting Inthebox
if one does not know how to read candlestick price action which will give the best entry, the next best thing is learn to know the characteristics of an indicator as much as possible like the back of your hand.
Thank you inthebox, it makes sense now.I am just looking old charts with CCI 100/14 to understand this setup. About price action, digging some price action threads here. But honestly this is best strategy with ondicatoi I came across so far. I am going to practice this strategy in demo account before moving back to live.Thanks again happy trading
A meeting that was never meant to happen
  • #294
  • Mar 29, 2019 2:54am Mar 29, 2019 2:54am
Is this a true setup to get in on next 30 mins ( after LO ) ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 62 KB
  • #295
  • Mar 29, 2019 3:00am Mar 29, 2019 3:00am
that was quite a strong one
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 19 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #296
  • Mar 29, 2019 3:01am Mar 29, 2019 3:01am
Quoting vivaldi2
Is this a true setup to get in on next 30 mins ( after LO ) ? {image}
i got it in the m5. m15 also at same entry.
at the moment getting the retrace at brn 1.9150.
ITB - Seeing Orderliness amongst 'Randomness'
  • #297
  • Mar 29, 2019 3:18am Mar 29, 2019 3:18am
Quoting Inthebox
{quote} i got it in the m5. m15 also at same entry. at the moment getting the retrace at brn 1.9150.
you entered before LO ?
  • #298
  • Mar 29, 2019 3:22am Mar 29, 2019 3:22am
Quoting vivaldi2
{quote} you entered before LO ?
15 min before LO
ITB - Seeing Orderliness amongst 'Randomness'
  • #299
  • Mar 29, 2019 3:25am Mar 29, 2019 3:25am
Here is another one just after LO :
( any comment ? )
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 67 KB
  • #300
  • Mar 29, 2019 3:35am Mar 29, 2019 3:35am
Quoting vivaldi2
Here is another one just after LO : ( any comment ? ){image}
looks good to me. also from m30 to d1
only thing might be a bit of problem if m15 cci drop below zero line. but it's having htf back up.
ITB - Seeing Orderliness amongst 'Randomness'
0 traders viewing now