DislikedI entered all these too, but the RSI on the USD/JPY and EUR/GBP dont quite agree, sorta a gamble??Ignored
Simple 5 / 8 moving average crossover
Good morning guys , entered
USD/JPY long @ 115.35
GBP/CHF long @ 2.4131
EUR/GBP short @ 0.6954
still open EUR/CHF long
Hi Giviforex
Hope u Green Pips
after a cross of 5/8 EMA
do i enter immediatly with the open of the newdaily candle or i wait till price retrace for 5EMA?
Could u explain me with Chart The use of ATR and how could i get stoploss from it
Regards
- #388
- Nov 1, 2007 3:58am Nov 1, 2007 3:58am
Hello Slkosier, just wondering, are you entering your trades only based on the daily cross or are you still using the 1H and 4H also for trading?
As for exemple, your USD/JPY was based on which timeframe?
Just trying to learn this great method.
Thank
Shreem
As for exemple, your USD/JPY was based on which timeframe?
Just trying to learn this great method.
Thank
Shreem
Hi Giviforex
Hope u Green Pips
after a cross of 5/8 EMA
do i enter immediatly with the open of the newdaily candle or i wait till price retrace for 5EMA?
Could u explain me with Chart The use of ATR and how could i get stoploss from it
Regards
I've attached the ATR which is set to 70%.
Take the day off tomorrow. It's non-farm payroll. In the wake of the USD interest cut and NFP there will be lots of volatility.
my trade right now...as at 0:00GMT
E/Y up 199 pip -move SL, lock 100 pip
G/Y up 370 pip - move SL, lock 200 pip
U/Y up 234 pip - move SL, lock 100 pip
Aus/Usd up 4 pip - SL not move yet
hehe....i play safe,...but 400 pip for this month is now confirmed.
just 2 pips of me...
QQE + stoch moves first, when RSI cross the 70 lines/EMA ...that is the trigger.
5/8 is the confirmation whether u want to ride it as long as you want / you take all the profit.
to trade the daily chart.... MM is important. put 2% of your account only on risk.(SL for all the trade u take). if u take 4 trades at one time, devide it 2% / 4....
if u dont have usd30,000.00 then u can always play with usd3000 (it is equal to 300,000 cent...)
then lets play real money....
u can take trade as simple as 15minutes per day to monitor the price.in my case, i look for the chart in the morning (0600 hr Malaysia time, 2200hr GMT) and thats it....
after that, i go to work ( i m currently work as underwater engineer for multinational O&G)
forex is just my part time....and want to keep it as part time.part time that can create as much money than my saving can give dividend (currently the saving gives me return of 9% annually). if forex gives me 30-50% or extremely 100% yearly with this little work, i m more than satisfied.
let say like this...
starting ...usd 3000 (300,000 cent)...at 100% return compoundly...
3000,6000,12000,24000,48000,96000,192K,384K,768K,1.536M
silently we become a millionaire in 9-10 years. with 300 000 cents as a starting? goshhh.... that where MM play a big role.
Peter M, do you have any programmer member who can EA my method? the system is so easy to EA. no head ache.look at my chart setup.
Hi bujal
Thx for ur sharing
Is ur Stock is 30,10,10
regards
I play it conservatively. For instance I wouldn't take the USD/JPY right now because I won't know if I have a cross until today's candle closes. You can see a cross now but will it be there tomorrow? Anyway the weekly has been down and is now going sideways.
I've attached the ATR which is set to 70%.
Take the day off tomorrow. It's non-farm payroll. In the wake of the USD interest cut and NFP there will be lots of volatility.
Thx for ur fast reply
but i ttache the ATRPips on my chart an empty window appears
could u explain how could i determine the stoploss?
sorry for my ques
Thx for ur fast reply
but i ttache the ATRPips on my chart an empty window appears
could u explain how could i determine the stoploss?
sorry for my ques
That's because the colour for the indicator is black. But you have what you need. The ATR number is showing in the pane on your chart which is 64. If you want to see a continuous line you will need to change the colour. BTW change the period from 13 to 14 in the settings. Some peple prefer 21, but I've always used 14.
ya i get it
so the stoploss now is 64 from the entrypoint?is this right
thx for helping bro
regards
ya i get it
so the stoploss now is 64 from the entrypoint?is this right
thx for helping bro
regards
I have also entered
USD/JPY long @ 115.30
EUR/GBP short @ .6956
Slkosier
I'm completely on the opposite side of the fence to you.
USD/JPY Sell Stop @ 114.60
EUR/GBP Buy Stop @ .6985
Of course, my Stop Buy/Sell points will probably not get triggered, at least today, in which case I wish you the best of luck :-)
- #399
- Edited 10:47am Nov 1, 2007 9:37am | Edited 10:47am
Hello Rathcoole, thank very much for your answer to my question about re-entry. It sounds a very interesting approach to it. There is effectively certainely different ways of approching it and that is why the response of the traders most familiar with this method is most than welcome as we can all learn from it.
When a trend develop, either on the 1H, 4H or Daily timeframe, more often than not, there is pullback before the trend resume and I am really wondering how the experienced traders with this method use it to re-enter when there is a pullback if they ever re-enter.
There can be so many ways as there are traders, so any feedback is most welcome.
One way I was thinking about a possible re-entry is when there is a "confluence" of a fibonacci level, key support or resistence level, pullback to the 5 EMA in a strong trend, all can be good ideas to re-enter. Just throwing ideas here.
Sincerely
Shreem
When a trend develop, either on the 1H, 4H or Daily timeframe, more often than not, there is pullback before the trend resume and I am really wondering how the experienced traders with this method use it to re-enter when there is a pullback if they ever re-enter.
There can be so many ways as there are traders, so any feedback is most welcome.
One way I was thinking about a possible re-entry is when there is a "confluence" of a fibonacci level, key support or resistence level, pullback to the 5 EMA in a strong trend, all can be good ideas to re-enter. Just throwing ideas here.
Sincerely
Shreem