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Blue Waves

  • #61
  • Jul 3, 2007 12:59am Jul 3, 2007 12:59am
Quoting amaruenterprise
Hi FXS,
Thanks for the color ma. I've set mine up as a guppy ma with long term blue and short term skyblue. I use it on a 15 min chart to confirm my entry from another system I use. So far it works great.... ....
Looks like a great application of the colored MA, Amaruenterprise!
The ebbs and flows of the Guppy Waves are clear as can be!
Great Trading!

FXS
  • #62
  • Jul 3, 2007 1:07am Jul 3, 2007 1:07am
Quoting johnedoe
closed today with 5.55% profit on NAV .... I can live with that.....
Great John!
You've got a solid strategy going by the looks of it!
Thanks so much for sharing your wave trades here and
I certainly hope that you continue to do so!
BTW: I don't have voice at the moment, otherwise I'd
really like to chat while following some trades. I'll try to
upgrade my ancient technology soon!

FXS
  • #63
  • Jul 3, 2007 1:13am Jul 3, 2007 1:13am
hey surfer howed you do today?
Same Whore .... Different Dress
  • #64
  • Jul 3, 2007 1:36am Jul 3, 2007 1:36am
Quoting johnedoe
hey surfer howed you do today?
I'm just a GREENHORN! I'm trading demo only-which I don't count as
real by any means! I'm only working on developing trading
tools, methods etc. and most of all working on myself
(e.g. confidence, discipline and all the rest).
I'm glad you asked because people need to know when
they visit these threads the source of their info. Actually,
I think that I mentioned it in an earlier post, I'm not sure.
That being said, I'd say that the info presented here is pretty
useful and that I'm getting where I want to be at a pretty
decent speed! I'm definitely an old dog learning new tricks!
I guess you could say I had a good day in FX kindergarden
today!

FXS
  • #65
  • Jul 3, 2007 1:46am Jul 3, 2007 1:46am
I messed around with a demo for 2 years before I funded an account.....don't be in to big a rush, the market will be waiting for you when you get there.
Couple of things I learned the hard way were.......

1 when you take a hit, don't try to get revenge on the market, consider it part of the cost of doing bsiness.

2 Don't overtrade, ie scalping......trade the longer time frames, the signals are clearer. when you gain experiance you can start trying the shorter TFs

3. Let the market breath....don't set your stops to tight.

4. simple is better, a strategy does NOT have to be complex

These where the things that gave me the most trouble, I regularly did every one of them

Remember........ trading should be boring.
Same Whore .... Different Dress
  • #66
  • Jul 3, 2007 2:12am Jul 3, 2007 2:12am
Quoting johnedoe
I messed around with a demo for 2 years before I funded an account.....don't be in to big a rush, the market will be waiting for you when you get there.
Couple of things I learned the hard way were.......

1 when you take a hit, don't try to get revenge on the market, consider it part of the cost of doing bsiness.

2 Don't overtrade, ie scalping......trade the longer time frames, the signals are clearer. when you gain experiance you can start trying the shorter TFs

3. Let the market breath....don't set your stops to tight.

4. simple is better, a strategy does NOT have to be complex

These where the things that gave me the most trouble, I regularly did every one of them

Remember........ trading should be boring.
I can't imagine a person making a success at trading without
the support and good advise of people like yourself, J.
Many Thanks, Really!

FXS
  • #67
  • Jul 3, 2007 2:17am Jul 3, 2007 2:17am
Your welcome.....but also believe me when I say I do not have all the answers, life and FX are a constant learning experiance.
I think a good place to start is with Jacko's strategy, it is'nt very exciting but that is what will make you money, and THAT IS exciting.
Same Whore .... Different Dress
  • #68
  • Jul 3, 2007 2:30am Jul 3, 2007 2:30am
Quoting johnedoe
Your welcome.....but also believe me when I say I do not have all the answers, life and FX are a constant learning experiance.
I think a good place to start is with Jacko's strategy, it is'nt very exciting but that is what will make you money, and THAT IS exciting.
Wow! Jacko's back! Thanks!

FXS
  • #69
  • Jul 3, 2007 12:54pm Jul 3, 2007 12:54pm
Here's a nice indicator that colors the trading sessions!
It's set default to Pacific Standard Time. You can change
the time to match your time zone and the colors to work
best on your charts.

Good Trading!

FXS
Attached File(s)
File Type: mq4 i-Sessions pst.mq4   6 KB | 416 downloads
  • #70
  • Jul 3, 2007 1:00pm Jul 3, 2007 1:00pm
Here's a chart that has the sessions in color.
I can post the template if anyone would like it!


FXS
Attached Image (click to enlarge)
Click to Enlarge Name: isessions.jpg Size: 82 KB
  • #71
  • Jul 3, 2007 1:04pm Jul 3, 2007 1:04pm
Quoting FXSurfer
Here's a nice indicator that colors the trading sessions!
It's set default to Pacific Standard Time. You can change
the time to match your time zone and the colors to work
best on your charts.

Good Trading!

FXS
Thanks FXS, you've got all kinds of goodies......
  • #72
  • Jul 3, 2007 2:18pm Jul 3, 2007 2:18pm
Quoting amaruenterprise
Thanks FXS, you've got all kinds of goodies......
I hope you find it useful!

It's kind of nice to see which session or overlap you're in.
I like to watch the price movement around the times of
the "changing of the guard" for pivots. It's pretty regular.

Another nice observation that you can make is when the market
enters a new session or overlap(and the color changes) it forms
an opening range band of the new color around the price range.
Then as the pip waves start moving the edge of the band of color
will be pushed along. Pretty easy to see which way things are moving!

I'm not too sure if I'm describing these two things clearly.
Just some random observations and applications!

Have a great day!

FXS
  • #73
  • Jul 3, 2007 6:53pm Jul 3, 2007 6:53pm
Hi johnedoe,

Your daily method with the wave looks interesting especially when you don't have the time to day trade. If you don't mind me asking how do you determine a tp and sl ?......
  • #74
  • Jul 3, 2007 7:03pm Jul 3, 2007 7:03pm
each trade is open for the day......no TP no SL........old trade closed at 9:00PM PDT, new trade opened right afterward, all is done in about 5 minutes, trades are placed in the direction of the major trend.
http://img406.imageshack.us/img406/6...enshot1vk4.png
Same Whore .... Different Dress
  • #75
  • Jul 3, 2007 7:09pm Jul 3, 2007 7:09pm
Quoting johnedoe
each trade is open for the day......no TP no SL........old trade closed at 9:00PM PDT, new trade opened right afterward, all is done in about 5 minutes, trades are placed in the direction of the major trend.
http://img406.imageshack.us/img406/6...enshot1vk4.png
Thanks for such a quick reply. I'll have to give it a try.....
  • #76
  • Jul 3, 2007 7:16pm Jul 3, 2007 7:16pm
trade size is a mini, this helps limit your risk.and the anti hedge of always trading in the direction of the trend limits overall losses.......
I have only been testing this on a small account for a few days at this point but the manual back testing proved positive very nicely.......
biggest thing to watch for is keeping track of the trend direction and being able to identify the change of direction........
Same Whore .... Different Dress
  • #77
  • Jul 3, 2007 7:17pm Jul 3, 2007 7:17pm
also I trade multiple pairs, uncrorralated this also helps ....
also see this post.......http://www.forexfactory.com/showpost...3&postcount=48
Same Whore .... Different Dress
  • #78
  • Jul 3, 2007 7:39pm Jul 3, 2007 7:39pm
Here are todays trades,there has been at this time a slight reversal and today at this point I am down 0.45% however there is still 3 1/2 hours till I close todays and open new trades for the next 24 hours...... http://img117.imageshack.us/img117/8...enshot2aj1.png
Same Whore .... Different Dress
  • #79
  • Jul 3, 2007 10:03pm Jul 3, 2007 10:03pm
Let me know how you like this one!
It uses the MA in Color and, if you want it,
the iSessions from previous posts. You'll
need the MA in Color for it to work. The
other is optional.

First: The Chart

Enjoy!

FXS
Attached Image (click to enlarge)
Click to Enlarge Name: 2blue.jpg Size: 86 KB
  • #80
  • Jul 3, 2007 10:06pm Jul 3, 2007 10:06pm
Here's the template for the chart setup on the
last post.


FXS
Attached File(s)
File Type: tpl 2blue.tpl   57 KB | 558 downloads
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