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bringin sexy back - stochastics

  • #1,281
  • Jul 17, 2007 6:54am Jul 17, 2007 6:54am
Quote
Originally Posted by melpheos http://www.forexfactory.com/images/buttons/viewpost.gif
Every strategy needs confirmation from different TF.

The best thing is to watch one TF (forget about 5 minutes, it's too fast ) and see if you have confirmation on higher TF

For example M15-30 should be confirmed by H4, H1 by daily, etc...
ubaidahsan , this is ur answer.

1) check 15M - if u see a signal then check 1H if it confirms - take a trade
if not i would avoid trading
This system is easy and safe.
If u want to take every signal and trade very often it will not have a confirmation in higher TF.
but still u can take trades and earn some 5-10 pips or so / trade.
But it is risky

Sorry 4 my english
hope it will clear ur problem
  • #1,282
  • Jul 17, 2007 10:47am Jul 17, 2007 10:47am
Quoting oleevier
ubaidahsan , this is ur answer.

1) check 15M - if u see a signal then check 1H if it confirms - take a trade
if not i would avoid trading
This system is easy and safe.
If u want to take every signal and trade very often it will not have a confirmation in higher TF.
but still u can take trades and earn some 5-10 pips or so / trade.
But it is risky

Sorry 4 my english
hope it will clear ur problem
nice to see someone is reading the whole topic
  • #1,283
  • Jul 17, 2007 2:06pm Jul 17, 2007 2:06pm
Quoting melpheos
nice to see someone is reading the whole topic
well i always keep my eyes on this topic...

guys now let me correct now a days i am trading live it is really different then demo..but i am following that

first i check 15m then 30 m and then 5 m and then 1 m and when i note that 1 m is going up or down so i watch it 5 min and if it is going up and still in 5 min then i check with 5 m and then 15 ma nd if i found signal so then i open position but till now i didn't got more then 5 pip so please advice me what and how do i apply this strategy with charts..

Regards,

Ubaidahsan
  • #1,284
  • Jul 17, 2007 3:52pm Jul 17, 2007 3:52pm
Quoting ubaidahsan
well i always keep my eyes on this topic...

guys now let me correct now a days i am trading live it is really different then demo..but i am following that

first i check 15m then 30 m and then 5 m and then 1 m and when i note that 1 m is going up or down so i watch it 5 min and if it is going up and still in 5 min then i check with 5 m and then 15 ma nd if i found signal so then i open position but till now i didn't got more then 5 pip so please advice me what and how do i apply this strategy with charts..

Regards,

Ubaidahsan
I think that starting with 1m and 5m is too fast especially if you are starting to trade live.

Start with M15 and confirm on higher TF.

There was a good move today but i was in Toulouse for work since start of the week so could not take it i should have rounded a minimum of 60 pips playing safely with a reentry giving an additional 20 or playing more agressively if would have rounded 150 pips, check screenshot
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  • #1,285
  • Jul 18, 2007 2:57pm Jul 18, 2007 2:57pm
Quoting melpheos
I think that starting with 1m and 5m is too fast especially if you are starting to trade live.

Start with M15 and confirm on higher TF.

There was a good move today but i was in Toulouse for work since start of the week so could not take it i should have rounded a minimum of 60 pips playing safely with a reentry giving an additional 20 or playing more agressively if would have rounded 150 pips, check screenshot

Dear Melpheos,

i shall be thankful to you if you explain me everything very clearly because yesterday i had lost my 60% amount and very embarrassed today so now want to understand everything and then work on it

yesterday it was going good but suddenly trade went down and then finally my position closed.so now want to understand about charts so please explain it clearly ..i will use M15 chart but how can i confirm that it will up/down i mean indicator turn very quickly and kindly tell me your settings of indicators also i note that you are using indicators like that 50,1,20 so please tell me..and please tell me that which one will tell me the exact position 50,10,20 or 20,10,20??and tell me about 5,3,3 also..please hep me and safe me for heavy losses..

regards,


Ubaidahsan
  • #1,286
  • Jul 18, 2007 3:09pm Jul 18, 2007 3:09pm
Quoting ubaidahsan
Dear Melpheos,

i shall be thankful to you if you explain me everything very clearly because yesterday i had lost my 60% amount and very embarrassed today so now want to understand everything and then work on it

yesterday it was going good but suddenly trade went down and then finally my position closed.so now want to understand about charts so please explain it clearly ..i will use M15 chart but how can i confirm that it will up/down i mean indicator turn very quickly and kindly tell me your settings of indicators also i note that you are using indicators like that 50,1,20 so please tell me..and please tell me that which one will tell me the exact position 50,10,20 or 20,10,20??and tell me about 5,3,3 also..please hep me and safe me for heavy losses..

regards,


Ubaidahsan
If you went down 60% it's because you used TOOOOOOO much leverage !

What was your account level and what position were you trading ? Also what trade did you took and at what time ?

Also, if your trade was going OK, you should have put a SL accordingly to your position (like BE with +5 pips locked )
  • #1,287
  • Jul 19, 2007 12:35pm Jul 19, 2007 12:35pm
i was trading gbp/chf, and my leverage is 1:500 and i was trading at the same time when i am posting and it was yesterday and i set stop loss but on 15 pips which is bad for me so please kindly explain and help me out

regards,

Ubaid

Quoting melpheos
If you went down 60% it's because you used TOOOOOOO much leverage !

What was your account level and what position were you trading ? Also what trade did you took and at what time ?

Also, if your trade was going OK, you should have put a SL accordingly to your position (like BE with +5 pips locked )
  • #1,288
  • Edited 2:01pm Jul 19, 2007 12:46pm | Edited 2:01pm
Quoting ubaidahsan
i was trading gbp/chf, and my leverage is 1:500 and i was trading at the same time when i am posting and it was yesterday and i set stop loss but on 15 pips which is bad for me so please kindly explain and help me out

regards,

Ubaid
15 pips is not enought anyway for GBP pair (except gbpeur)

1:500 leverage doesn't tell me the lot size you were using. What was your lot size ? What was your starting account value ?

So tell me exactly what you'v done step by step with screenshot if possible (otherwise give me the hour of the trade and exact position taken )
  • #1,289
  • Edited 6:52am Jul 20, 2007 4:57am | Edited 6:52am
Position taken early morning, up 70 pips

That's the only position i have ATM, i'm trading only the perfect setup and that's what i would recommend anyway

edit : out @ 249.88 it was a good idea to wake up early this morning ^^ 58 pips
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  • #1,290
  • Jul 20, 2007 9:54am Jul 20, 2007 9:54am
I missed this perfect entry

Everything was there, a drop, a consolidation then a BIG drop after the 5 going down...

I'll if there is another opportunity
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  • #1,291
  • Jul 20, 2007 9:59am Jul 20, 2007 9:59am
o man what a bummer
i caught the whole move on gbpusd and some on usdchf
was a nice day
and a very nice week
hows ur tradin goin?
  • #1,292
  • Edited 10:23am Jul 20, 2007 10:05am | Edited 10:23am
I give a shot on M5, it's a bit risky on this pair but i made quite a lot of pips thanks to it today so i'm ready to lose part of the profit on this one because if it goes the right way it coudl be very rewarding (risk/ratio is very good)
BTW, you probably have noticed that now, i dont even look at the price line, Heiken ashi is more than enough to spot the trend
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  • #1,293
  • Jul 20, 2007 10:11am Jul 20, 2007 10:11am
dont get desperate mister
just relax its friday enjoy ur profits u made from gbpjpy earlier today(very nice entry )
get urself a cigar and enjoy the afternoon
lol thats what im doin
  • #1,294
  • Jul 20, 2007 10:17am Jul 20, 2007 10:17am
Quoting boxingislife
dont get desperate mister
just relax its friday enjoy ur profits u made from gbpjpy earlier today(very nice entry )
get urself a cigar and enjoy the afternoon
lol thats what im doin
When do you come to France ?

I dont smoke

Quoting boxingislife
o man what a bummer
i caught the whole move on gbpusd and some on usdchf
was a nice day
and a very nice week
hows ur tradin goin?
Gratz

I missed the move, did not had enough screen time... I like when there is move !
  • #1,295
  • Jul 20, 2007 10:31am Jul 20, 2007 10:31am
well me n the parents are thinkin about taking a trip sometime during late fall when the weather is alot nice. maybe a little trip across europe mostly italy and france and germany for a bit too
but for now ive been so busy with my own trading that i think im gonna spend the rest of summer just tradin and relaxing.
wuts new with u? hows ur account doin and ur trading?

u know i havent posted much in the thread but i think we made it as easy as possible for everyone and i dont think theres anymore questions me or u havent answered
we covered everything so ive been taking the time off and focusing on my own account and stuff
  • #1,296
  • Jul 20, 2007 10:36am Jul 20, 2007 10:36am
Quoting boxingislife
ive been taking the time off and focusing on my own account and stuff
Correction : You've been taking the time off and focusing on your growing own account

I definitely trade better when i have time and not disturbed :-/ But i cannot quit my job as my account is definitely not big enough yet to start to trade in a professional way...

I think my trade is preparing to make a nice drop down, the M15 stoch5 is starting to head up on a nice consolidation and japanese mamas are sleeping now ^^...

I'll see how it goes and close it tonight before swap whatever happens as i'll be on vacation for the next 2 weeks without internet cnx.
  • #1,297
  • Jul 20, 2007 10:37am Jul 20, 2007 10:37am
hehe

quitting ur job anytime soon ?
  • #1,298
  • Jul 20, 2007 10:43am Jul 20, 2007 10:43am
its all good
itl happen eventually and itl be a relaxing ride once the account is big and u got some more experience
  • #1,299
  • Edited 12:26pm Jul 20, 2007 11:21am | Edited 12:26pm
Quoting boxingislife
hehe

quitting ur job anytime soon ?
hey, who knows

edit : up 10 pips btw, it had to go down

There was so many opportunities today to make money that i can't see how one can lose money such a day ^^

Closed @ +23 it's getting late, it's friday, i'm on holiday with a good profit, sun is shining, my wife is preparing dinner (japanese omlet rice ^^ )
  • #1,300
  • Jul 20, 2007 2:09pm Jul 20, 2007 2:09pm
Melpheos & Boxing,

Which broker do you guys use for the live account? Looking for a relaible one.
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