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Trading Made Simple(r)

  • #3,701
  • Sep 10, 2019 12:04pm Sep 10, 2019 12:04pm
Quoting krismitt
{quote} Looks to me like one of your Trend INdicators is telling you not to go Long this pair David Cheers.
The double Hull? is it worth having on my charts
  • #3,702
  • Edited 12:20pm Sep 10, 2019 12:08pm | Edited 12:20pm
Quoting itsDavid
{quote} Your misgivings about those pairs (which I've noticed in previous posts) are the main reason I asked the question to be honest.
CHF PAIRS.

Most Professional Traders do not Trade CHF Pairs.

The Swiss National Bank is very aggressive in supporting it's currency so will intervene in the market if the rate moves outside their desired range.
I was trading in 2014 when this happened. This blew the accounts of many Traders, including mine, and we were all left with negative balances on our accounts. The move was so "violent that our Stop Losses were not taken!.

Attached Image (click to enlarge)
Click to Enlarge Name: CHF.png Size: 54 KB

Check your charts and see the size of that move. This is a MONTHLY CHART!!!.

Now you know why there is no love for this currency, hence the CHF Currency Pairs.

Cheers.
  • #3,703
  • Sep 10, 2019 12:15pm Sep 10, 2019 12:15pm
USDCAD

Attached Image (click to enlarge)
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Cheers.
  • #3,704
  • Sep 10, 2019 12:16pm Sep 10, 2019 12:16pm
EURCAD
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD.png Size: 68 KB

Trade well
  • #3,705
  • Sep 10, 2019 12:19pm Sep 10, 2019 12:19pm
EURJPY
Jumping-in on this one
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 75 KB


Trade well.
  • #3,706
  • Sep 10, 2019 12:30pm Sep 10, 2019 12:30pm
Quoting itsDavid
{quote} Thanks again for the indi. Looks very useful. Can you explain the significance of the skull and crossbones it puts at the bottom right corner? If there is any at all
That is the trademark of the coder of some indicators in Dredding's Freebie Newbie System
To free Gazans of Hamas, use whatever it takes.
  • #3,707
  • Sep 10, 2019 12:36pm Sep 10, 2019 12:36pm
Quoting krismitt
{quote} Looks to me like one of your Trend INdicators is telling you not to go Long this pair David Cheers.
haha. I don't really consider the DoubleHull indi to be a dealbreaker as long as everything else has lined up. I don't mind entering without it and then using it later to decide whether to add to the trade once it's confirmed.
  • #3,708
  • Sep 10, 2019 12:40pm Sep 10, 2019 12:40pm
Quoting DrDave
{quote} That is the trademark of the coder of some indicators in Dredding's Freebie Newbie System
Ah, thanks for that
  • #3,709
  • Sep 10, 2019 2:15pm Sep 10, 2019 2:15pm
gbpaud sell continuation trade lost because I close it now
blue bar and rsi and stochastic cross above 0 line
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 50 KB
  • #3,710
  • Sep 10, 2019 2:46pm Sep 10, 2019 2:46pm
AUDNZD failed as well, maybe I should have listened to the double hull

No big loss though, and I'm still in EURJPY for some pips.
  • #3,711
  • Sep 10, 2019 2:48pm Sep 10, 2019 2:48pm
Quoting 40PipsAlan
{quote} The double Hull? is it worth having on my charts
Personally I think it can sometimes be a little too laggy to only take trades it is confirming, so I will take trades that have all the other signals in place even when it's still signalling in the other direction. However I find it useful for confirming the trade once I am already in it, and for helping me to decide whether to add more to a trade I am already in.
  • #3,712
  • Sep 10, 2019 2:50pm Sep 10, 2019 2:50pm
Quoting krismitt
{quote} CHF PAIRS. Most Professional Traders do not Trade CHF Pairs. The Swiss National Bank is very aggressive in supporting it's currency so will intervene in the market if the rate moves outside their desired range. I was trading in 2014 when this happened. This blew the accounts of many Traders, including mine, and we were all left with negative balances on our accounts. The move was so "violent that our Stop Losses were not taken!. {image} Check your charts and see the size of that move. This is a MONTHLY CHART!!!. Now you know why there is...
A fantastic answer, that's exactly what I needed. I'll be heeding that warning for sure!
  • #3,713
  • Sep 10, 2019 4:07pm Sep 10, 2019 4:07pm
Quoting itsDavid
{quote} haha. I don't really consider the DoubleHull indi to be a dealbreaker as long as everything else has lined up. I don't mind entering without it and then using it later to decide whether to add to the trade once it's confirmed.
Sweet!
  • #3,714
  • Sep 10, 2019 4:09pm Sep 10, 2019 4:09pm
Quoting itsDavid
AUDNZD failed as well, maybe I should have listened to the double hull No big loss though, and I'm still in EURJPY for some pips.
The most important thing here is that you have learnt something from this trade.

Trade well.
  • #3,715
  • Sep 10, 2019 4:20pm Sep 10, 2019 4:20pm
EURCHF
Don't like trading them but cannot resist a good setup when I see one
Continuation. Hull hasn't yet turned Green but I'm happy with the risk.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF.png Size: 77 KB

Trade well.
  • #3,716
  • Sep 10, 2019 11:19pm Sep 10, 2019 11:19pm
Current situation: Of all the pairs I find Gold to be the most exciting. Think I've been caught by Gold fever LOL
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The more you learn, the more you see
  • #3,717
  • Sep 10, 2019 11:35pm Sep 10, 2019 11:35pm
@Krismitt:
I noticed when looking at your posted charts, that your smTMMS tape oscillator doesn't correspond to the normal oscillator.

Here is the USDCAD chart you posted a few posts above, and I compare it with what I have:

Attached Image

Attached Image


The red & green bars on your tape don't fit the normal stoch & rsi rules, so is it something that you have deliberately modified to some other setting, or is it a bug?
  • #3,718
  • Sep 11, 2019 1:02am Sep 11, 2019 1:02am
Quoting Barraka
@Krismitt: I noticed when looking at your posted charts, that your smTMMS tape oscillator doesn't correspond to the normal oscillator. Here is the USDCAD chart you posted a few posts above, and I compare it with what I have: {image} {image} The red & green bars on your tape don't fit the normal stoch & rsi rules, so is it something that you have deliberately modified to some other setting, or is it a bug?
Sure; I've posted about this in this thread and uploaded mine as well. Have you seen my posts?.

Cheers.
  • #3,719
  • Sep 11, 2019 2:25am Sep 11, 2019 2:25am
Quoting itsDavid
AUDNZD failed as well, maybe I should have listened to the double hull No big loss though, and I'm still in EURJPY for some pips.
Holding out for a Hero
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 163 KB
  • #3,720
  • Sep 11, 2019 4:50am Sep 11, 2019 4:50am
Today I'm in AUDUSD, USDSGD, EURCAD, EURSGD, EURNZD

Let's see how the pip mining pans out today. Looking like it's going to be another good day so far though. Always chasing that 1%.
Attached Image (click to enlarge)
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