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  • #1,241
  • Dec 5, 2006 4:40pm Dec 5, 2006 4:40pm
Yes..... but they are both bouncing off of a vegas fib, and short signal is above the boll midline.

You're right, anything could happen, but I think these signals are at least valid as the rules present them.

I set the TP for 1/2 the ATR for both and SL at previous days high plus 1.
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Don Life is expensive, but includes a free trip around the sun.
  • #1,242
  • Dec 5, 2006 5:31pm Dec 5, 2006 5:31pm
Quoting traderone
Yes..... but they are both bouncing off of a vegas fib, and short signal is above the boll midline.

You're right, anything could happen, but I think these signals are at least valid as the rules present them.

I set the TP for 1/2 the ATR for both and SL at previous days high plus 1.
Hey,

For what its worth look at the EUR/USD 2nd November's signal for a cautionary tale.

All the pips to you.

Alexfx
  • #1,243
  • Dec 5, 2006 5:40pm Dec 5, 2006 5:40pm
Quoting traderone
Yes..... but they are both bouncing off of a vegas fib, and short signal is above the boll midline.

You're right, anything could happen, but I think these signals are at least valid as the rules present them.

I set the TP for 1/2 the ATR for both and SL at previous days high plus 1.
At least you aren't going for the full ATR for profits. I'd probably even make it a 1/3rd just to be safer. Personally, I think I'm going to wait another day to see how the prices progress.. Good luck though.

Jason
  • #1,244
  • Dec 5, 2006 7:06pm Dec 5, 2006 7:06pm
One noticable difference between this signal and the Nov.2nd one is the oversold condition of the Stoch and RSI. They are a lot more "toppy" now than then. The price is retreating from a steeper reach into new highs. I too am short on the EUR/USD at 1322. In these counter trend set ups I will go to break even on my S/L after maybe 20-30 pips and I will close a bit before hitting the 13 EMA. Fundamentals are calling for an improvement on the dollar. The equity markets are still going strong and that can boost the buck. Longer term will call for a return to the trend. IMHO

Quoting AlexFX
Hey,

For what its worth look at the EUR/USD 2nd November's signal for a cautionary tale.

All the pips to you.

Alexfx
"Though this be madness, yet there is method in it." -Hamlet Act II
  • #1,245
  • Dec 6, 2006 1:14am Dec 6, 2006 1:14am
I cant get the rsi to overlap with bollinger. My platforms Metatrader and forex.com. How can I do this
  • #1,246
  • Dec 6, 2006 1:18am Dec 6, 2006 1:18am
bring up your RSI then add MA and BB...but when you do go into parameters and change the close to first indicator or previous indicator and that will lay it over the RSI..do the same with BB.



Glenn
  • #1,247
  • Dec 6, 2006 3:16am Dec 6, 2006 3:16am
Thank you for noticing, that is me probably who has put it unclear, I know it is daily, I was talking about checking for temporary bars on four hour chart.

Regards
Quoting BeachBum
This is NOT a four hour system........
  • #1,248
  • Dec 6, 2006 7:05am Dec 6, 2006 7:05am
EUR/USD first t/p hit for 50

GBP/USD first and second t/p hit for 50 and 100

200 pips overnight on cautious "fozzy" trades!

Quoting BeachBum
Careful, both of these are AGAINST a very strong trend.
  • #1,249
  • Dec 6, 2006 7:29am Dec 6, 2006 7:29am
OH..................did I mention?

USD/CHF +50
EUR/JPY +40
GBP/JPY +75
AUD/JPY 0
AUD/CAD 0
NZD/USD +30

What a kick-ass system!


Quoting BeachBum
EUR/USD first t/p hit for 50

GBP/USD first and second t/p hit for 50 and 100

200 pips overnight on cautious "fozzy" trades!
  • #1,250
  • Dec 6, 2006 7:40am Dec 6, 2006 7:40am
Gbp/usd
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  • #1,251
  • Dec 6, 2006 8:23am Dec 6, 2006 8:23am
Nice work Beach

Fellow Pip Hunter
Bill
"When there is no peril in the fight there is no glory in the triumph."
  • #1,252
  • Dec 6, 2006 8:48am Dec 6, 2006 8:48am
Quoting BeachBum
Gbp/usd
Beach, I don't recall you mentioning your use of the stochastics.. Is it anything other than the cross for confirmation of trend change?

Jason
  • #1,253
  • Dec 6, 2006 8:54am Dec 6, 2006 8:54am
Testing this for now.

Quoting jlowder
Beach, I don't recall you mentioning your use of the stochastics.. Is it anything other than the cross for confirmation of trend change?


Jason
  • #1,254
  • Dec 6, 2006 12:29pm Dec 6, 2006 12:29pm
Hi BB,
Whats that Solar Wind indicator you have?
Steve

Quoting BeachBum
Gbp/usd
  • #1,255
  • Dec 6, 2006 12:39pm Dec 6, 2006 12:39pm
Someone aske dsometime ago for my alert EA which is attached here.
CAUTION:
It does NOT exactlyuse Foxzzy's rules but my own interpretation. I use a 3LWMA and a 5SMA of RSI. It will signal all crosses of these 2 MA's and give a MAIN if its with the trend. Trend is defined as the closing candle of the cross is above or below the 24/28EMA Vegas Daily tunnel.

Also include is some code for other things;
Position Management e.g. auto stop loss, not activated easy to do though.
A warning when a high or low line is crossed.
A warning when the tummel is crossed.
The use of parallel lines with a 50% median for trend display.
Lines are automatically moved and calculated

Also some good examples of sub's.

I could change it if anyone has any good ideas they want incorporating.

At the moment with soime judicious discretionary filtering my account, a live one, is starting to go inthe right direction.
Attached File(s)
File Type: mq4 SMC Alerts.mq4   16 KB | 597 downloads
  • #1,256
  • Dec 6, 2006 1:27pm Dec 6, 2006 1:27pm
Hi BB
Nice trades,
I got someof them,
From these below trades, I take it you use alot discretion exiting,
for instance the kiwi trade, did you see it bottoming out that's why
you closed for 30, or with kiwi do u only expect that amount of movement
generally.

Thanks


Quoting BeachBum
OH..................did I mention?

USD/CHF +50
EUR/JPY +40
GBP/JPY +75
AUD/JPY 0
AUD/CAD 0
NZD/USD +30

What a kick-ass system!
  • #1,257
  • Dec 6, 2006 2:42pm Dec 6, 2006 2:42pm
for some of these trades you are using historical analysis arent you for setting s/l, t/p (your earlier post to me on this)

Quoting BeachBum
OH..................did I mention?

USD/CHF +50
EUR/JPY +40
GBP/JPY +75
AUD/JPY 0
AUD/CAD 0
NZD/USD +30

What a kick-ass system!
  • #1,258
  • Dec 6, 2006 4:54pm Dec 6, 2006 4:54pm
I looked away from my monitor and this thread went to 105,000+ views. WOW!
  • #1,259
  • Dec 6, 2006 5:09pm Dec 6, 2006 5:09pm
Quoting BeachBum
I looked away from my monitor and this thread went to 105,000+ views. WOW!
Hi Beach,

It would be interesting to see how many "viewers" of this thread are trading this method. It certainly seems to be growing at an incredible rate. Hopefully a lot of people are getting something of value from it.

Cheers

Fozzy
  • #1,260
  • Dec 6, 2006 5:48pm Dec 6, 2006 5:48pm
Fozzy


well you can count me in as one who is using the method and so far its working well, not up to Beach yet but give me time..

Glenn
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