wow thanks skyline! First post is updated 
Supernova GBP/JPY Mini Trend Catcher
Greetings
I have been following this thread over the past few days -- read it all
and am very impressed -- seems to work well even on bigger TFs -- like 30min (see attached)
I added the flat trend indicator -- also Non-Lag MA just for the alarm -- and 55 and 200 mas for support/resistence (these are just things I have always used and like) -- I have the QQE set to alert when it crosses the red line
I have been following this thread over the past few days -- read it all
and am very impressed -- seems to work well even on bigger TFs -- like 30min (see attached)I added the flat trend indicator -- also Non-Lag MA just for the alarm -- and 55 and 200 mas for support/resistence (these are just things I have always used and like) -- I have the QQE set to alert when it crosses the red line
- #332
- Aug 29, 2007 7:57pm Aug 29, 2007 7:57pm
- Joined Apr 2006 | Status: Trader | 4,301 Posts
night folks, got a tesing session first thing for a job in FX
"Foreign Exchange Operations - Settlements Specialist"
I dunno if i get an interview if i should tell them about my little hobby, they may think I'm just after insider information lol
If you need any info on settlements let me know. I'm something of an expert.
I get stopped out 8 or 10 times a day. I settle my trades quickly
Just went short - lets see what happens
Went in with a tight stop as price is moving slowly but steadily south.
I went short as well a little earlier upon getting back from work:
Time: 18:04 (EST) short @ 234.05
SL: 20 pips
About 10 minutes later, as price continued to fall, changed SL to 238.83 (price is 30 pips lower) so SL is 14 pips in the money, as per Spudfyre and your (being studied) trailing stop system.
Then price went up (see 2 little insignificant blue candles hehe) so my stop got hit (green line is my entry)
Which is totally fine, pocketted 14 pips (189$ USD) I'm very happy this trade lasted only 33 minutes (tired, getting back from work, not even changed yet, in the process of preparing supper - This is easy stuff after 8 hours of GRUESOME HARD LABOUR lol)
However as I type this you're still in a trade and it looks like (depending on your spread) you're in for +45 pips
night folks, got a tesing session first thing for a job in FX
"Foreign Exchange Operations - Settlements Specialist"
I dunno if i get an interview if i should tell them about my little hobby, they may think I'm just after insider information lol
heavenly job!Merde (good luck)
I am using 15min timeframe.
Actually i follow dot by dot idea is from Qpip.
you all can check below the link.
http://www.forexfactory.com/showthre...t=44216&page=4.
I just backtesting 2 day only. i will public the result by next week saturday.
Because continue next two day i no time to monitor, I need to travel. hehe because holiday in my country
i will continue by next monday and show the whole week result at next saturday.
All good luck.
Sorry for my poor english.
Thanks.
A word of caution about this technique:
1. Last week, I was not familiair with the heiken ashi candles. They are quite different from regular candles. My backtesting was done using the middle price of each entry candle. I am not sure this is reliable (applicable in real life with heiken candles). So my results, although astounding (10 K in a week) might be a bit overdone.
2. Last week was exceptional. The volatility was awesome in both directions (up and down).
3. I am now testing the system using the approach of having all OTHER indicators line up. I think this is safer (at least for less volatile days). Helps you avoid bad entries.
Happy trading to you and all,
Following spudfyres MM, just stopped out for +20 pips
hmm really should have done better with this move, C'est la vie
By the time I posted my earlier post (you being in +45 pips), you'd posted this one (I'm not typing real quick right now lol)
My own stop loss @ 14 pips (then seeing the price continue south) got me to rethinking this trailing thing.
And now, you. Hmmmmmm....
I need to study this beast in more detail, trailing stop-wise
oooh like your chart kiwi
Cryten,
1st things 1st. Thanks for sharing such a great and easy system. God will reward you for this kind act in some other way. 2nd, since you have been trading this live. How is the over all preformance of the system. Could you share your your profit loss sheet.
Thanks
Peace to all
