"Analysis Is Hard But Trade Is Easy"
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #4,885
- Aug 8, 2007 5:29am Aug 8, 2007 5:29am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
U mean 4H - 1H crossed ages ago!!
- #4,886
- Aug 8, 2007 5:31am Aug 8, 2007 5:31am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #4,887
- Aug 8, 2007 5:33am Aug 8, 2007 5:33am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
Based on dailys there is a 61.8 fib at 242.76 from the high on 20th Jul to low on 1st Aug.
Yehh possisbly.. My target is 242.32 (200 pips from 50 cross) after that I'm done for the day
- #4,888
- Aug 8, 2007 5:33am Aug 8, 2007 5:33am
- Joined Apr 2006 | Status: Trader | 2,429 Posts
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
Aus I have some questions with the strategy....
You have said we have to wait for the SI to cross 50 level.... Is it a must? Because last night H4 was Signalling long when the H1 SI cross occured below 50... I could have a long trade @ 240,15. If waited H1 to cross 50 then I would enter the trade @240,83.... And as you know market was volatile so if I entered the market after the H1 cross going beyond 50 lvl I would probably be stopped..... (got app. 110 pips down according 2 my broker)
For the moment I am just trying to get the core of the strategy therefore was that just for one time thing? Do we always have to wait 50 lvl cross? I wanted to backtest this manually but VTtrader kills me
I know we have to consider other time frames, mom, rsi etc.... I hope you can get the picture I tried to describe here.
You have said we have to wait for the SI to cross 50 level.... Is it a must? Because last night H4 was Signalling long when the H1 SI cross occured below 50... I could have a long trade @ 240,15. If waited H1 to cross 50 then I would enter the trade @240,83.... And as you know market was volatile so if I entered the market after the H1 cross going beyond 50 lvl I would probably be stopped..... (got app. 110 pips down according 2 my broker)
For the moment I am just trying to get the core of the strategy therefore was that just for one time thing? Do we always have to wait 50 lvl cross? I wanted to backtest this manually but VTtrader kills me
I know we have to consider other time frames, mom, rsi etc.... I hope you can get the picture I tried to describe here.
- #4,890
- Aug 8, 2007 5:35am Aug 8, 2007 5:35am
- | Joined Sep 2006 | Status: Trader | 1,311 Posts
Aus, sent you a PM
- #4,897
- Aug 8, 2007 5:42am Aug 8, 2007 5:42am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
Aus I have some questions with the strategy....
You have said we have to wait for the SI to cross 50 level.... Is it a must? Because last night H4 was Signalling long when the H1 SI cross occured below 50... I could have a long trade @ 240,15. If waited H1 to cross 50 then I would enter the trade @240,83.... And as you know market was volatile so if I entered the market after the H1 cross going beyond 50 lvl I would probably be stopped..... (got app. 110 pips down according 2 my broker)
For the moment I am just trying to get the core of the strategy therefore was that just for one time thing? Do we always have to wait 50 lvl cross? I wanted to backtest this manually but VTtrader kills me
I know we have to consider other time frames, mom, rsi etc.... I hope you can get the picture I tried to describe here.
On this trade 50 cross buy signal came @ 240.30.. 1hr 5sma 2100EST bar..
I have explained this many times on my posts.. I may update it on my strategy thread if I can find some time this wek end.
- #4,899
- Aug 8, 2007 5:47am Aug 8, 2007 5:47am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
Hi Auslanco,
Thanks ever so much!
First time I made over 100 pips! Quite a milestone for me to learn patience. This patience thingy really pays off big time. And looks like the DOW futures are in the green...doesn't mean much as things change in an instant!
Did you get my pm?
Most of the people here wants my trades to shoot as soon as I give them.. stupid... patience always pays off.. my long is from yesterday @ 239.37..many times the prices stormed down.. but I didnt exit..
- #4,900
- Aug 8, 2007 5:48am Aug 8, 2007 5:48am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts