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the key to the mint

  • #881
  • Dec 21, 2007 2:33pm Dec 21, 2007 2:33pm
Thank you Harold, been following the thread for awhile, Happy Holidays to All !!
  • #882
  • Dec 21, 2007 4:36pm Dec 21, 2007 4:36pm
Hi Harold,

60 pips loss was from two trades on EURCAD, each with 30 pips stop. Is there a reason why you didn't take those trades and GBPUSD?

Quoting harold4x
Morning All JUST GOT UP I Put On Trade Last Night With Cadjpy And Gbpchf They Were The Only Signals At Close Of 600gmt Candle And Grabbed 25 On Each For A Total Of +50 Week Ended With A Nice 194 Pips. There Was No Signal On Gbpjpy Its Interesting How The 2 That Had Overbought Stocs Like Eurcad And Gbpusd Showed Whipsaw Effect Though You Could Have Grabbed A Little With Gbpusd The Person Who Took A 60 Pip Loss Hopefully That Was 2 Trades And Not 1
  • #883
  • Dec 21, 2007 7:44pm Dec 21, 2007 7:44pm
Blackeagle,

I cannot speak for Harold, but I can tell you why I did not take those trades and it may fall in-line with Harold's reasoning. As Harold noted, both of these were oversold on the stochs on the daily chart.

Quote
tomorrows signals same as today long cadjpy the other 5 pairs are short watch out for eurcad and gbpusd oversold stocs. yes after the close of the 600 gmt candle (which is 2 am est) if all indicators are in place i enter

So since there were a couple of signals, I traded the GBPCHF and CADJPY since they were not in overbought/oversold territory.

Now, if EURCAD and GBPUSD were the only signals, I would have probably traded them anyway, but I would have kept my eye on them instead of setting TP and SL and then walking away.
  • #884
  • Dec 21, 2007 10:16pm Dec 21, 2007 10:16pm
again a merry christmas to all. i would like to discuss the last 2 days where all the pairs gave us signals for the next day. are some signals better than others? yes as i mentioned and someone else also if you see a pair or pairs where stoc or rsi is in overbought or oversold areas and there are other signals to take go with the others. thats point one. point 2 is like on thursday there was 3 signals at the close of the 600 gmt candle the gbpchf gbjpy and eurjpy the reason i took the gbpjpy and eurjpy and not the gbpchf is there was no correlation with that pair. what that means is the jpy was strengthening so the eur and gbp would be weaking now today the first 2 signals that happened at the close of the 600 gmt candle was the gbpchf and cadjpy and since they were both winners of 25 each i reached my goal for the day. the key to trading is not to over trade and make reasonable goals that can be achieved do you know what you can do to an acct if you made 90 pips a week with the compounding effect lots and lots of $$$$$$ there must be a little discretion when you have all the pairs giving signals pick the best 2. now if the only signals for today was the gbpusd and eurcad i probably would have took them also. but i would be very careful in doing so like when the gbpusd got into profit i probably would have moved my stop to breakeven and the eurcad would have been a loss which does happen in this and any other system i hope you understand that you must use a little common sense in trading remember the indicators are just that they INDICATE what might happen so if you are in oversold area its telling you it might reverse anyway see you all next week to the one who post the dinapoli info the only reason we are using it is for some reason the stoc on mt4 doesnt jive with my stoc on my platform so we are just trying to uniform things thats all
  • #885
  • Dec 22, 2007 1:16am Dec 22, 2007 1:16am
Thanks aboutusnow and harold for clarifications.
  • #886
  • Dec 22, 2007 1:35am Dec 22, 2007 1:35am
MERRY CHRISTMAS to HAROLD and All the rest of you guys who make this a wonderful and PROFITABLE thread. http://www.forexfactory.com/images/icons/icon7.gif http://www.forexfactory.com/images/icons/dollar.gif
  • #887
  • Dec 22, 2007 8:38am Dec 22, 2007 8:38am
GREAT discussion, Harold!! That is exactly the stuff that can take a good system and make you a great trader. As some of you may know, I am an EA trader (I do just fine ), and developer... (working on one here!! oops... did I day that...).

BUT, even with an EA, you HAVE to do the kinds of things Harold just taught us about, Stochs, news, etc... a good EA will allow you to do that. Trade today, or no. Implement a BreakEven stop easily, Trail if you want 'cause you see a larger trend than just 30p, etc.

Very cool thing we have going here. Stick around, we can a learn a LOT!!!

Happy holidays to all...

mk
  • #888
  • Dec 22, 2007 9:18am Dec 22, 2007 9:18am
Harold!
I wish you and your family merry christmas and happy new year.
I wish also to all FF members a wondrerful x-mas and happy new year!
Still learning the Paradox
  • #889
  • Dec 23, 2007 2:42pm Dec 23, 2007 2:42pm
I just want some clarification using the below charts as an example:

AUDUSD Daily
5 EMA is under the 8 EMA : short
RSI is below 50: short
Stoch
Stoch 21.9380
Signal 21.4013: long

AUDUSD 1H
5 EMA is above the 8 EMA: long
RSI is above 50: long
Stoch
Stoch 53.0341
Signal 51.6922 long

For the AUDUSD Daily - no trade
For the AUDUSD 1H - long trade

The Daily and 1H negates each other right now.....In order to go LONG: the DAILY 5 EMA must be above the 8 EMA, and RSI must be over the 50 line.

  1. One would get an EMA cross confirmation until the next candle. Would there be any situations where you would not wait until the next candle?

  1. What happens if one misses the initial entry, how do you propose one should enter in?

Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD_Daily.jpg Size: 62 KB
Click to Enlarge Name: AUDUSD_1H.jpg Size: 62 KB
  • #890
  • Dec 23, 2007 3:50pm Dec 23, 2007 3:50pm
Et We First Look At The Close Of Daily Candle If Ema S And Rsi And Stoc Is All Crossed The Same Way Then We Trade In That Direction The Next Day I Dont Use Audusd I Have Posted The Recommended Pairs IF 2 OF THE 3 ARE CROSSED THEN THE NEXT DAY THERE WOULD BE NO SIGNAL
  • #891
  • Dec 24, 2007 8:40am Dec 24, 2007 8:40am
ITGUY

The alerts you had posted for the mint has some bugs in it....

  1. indicator for the mini lot size: prints nothing for any of the currency pairs

  1. indicator for the std lot size:

  1. for daily, it should just look at prior day and not current day bar

this was changing which should not be the case

  1. for hourly, it should only look at prior candle and not current candle bar

this was changing when the current bar was in progress

  1. running on both live and demo, the LONG and/or SHORT would appear on the demo, but not for the live account [showed as NO TRADE] even though the prior bar criteria was met.

  • #892
  • Dec 24, 2007 9:38am Dec 24, 2007 9:38am
Even On This Slow Day The Signals Still Worked To Produce Profit If You Took Them See You After Xmass
  • #893
  • Dec 25, 2007 6:15pm Dec 25, 2007 6:15pm
In a nutshell, if there is a daily trend (confirmed by all 3 signals going in the same direction), you then use the hourly chart to hitch a ride on the sub-trends GOING IN THE SAME DURECTION AS THE DAILY TREND.
The road to pipland is arduous and fraught with challenge.
  • #894
  • Dec 25, 2007 8:16pm Dec 25, 2007 8:16pm
Quoting thunderwolf
Hi FXshadow,

I like this indicator you posted and I have a couple of questions about it. On the instructions word doc. you posted it says, to put an 18 period BB on chart with a 3 EMA. On the indicator the default setting says period 9 with a 1.5 deviation. Should the period be 18 to match BB on chart or leave it at default 9? Also should the deviation on 18 BB on chart be 2.0 or 1.5 to match the indicator deviation? I'd appreciate any clarification you could give me on these settings.

Thank you very kindly and have a great trading day.... T-Wolf
Change the default indicator settings to match the word doc.
  • #895
  • Dec 25, 2007 8:32pm Dec 25, 2007 8:32pm
Quoting traider
In a nutshell, if there is a daily trend (confirmed by all 3 signals going in the same direction), you then use the hourly chart to hitch a ride on the sub-trends GOING IN THE SAME DURECTION AS THE DAILY TREND.
Whoops typo....."DIRECTION"
The road to pipland is arduous and fraught with challenge.
  • #896
  • Dec 25, 2007 9:46pm Dec 25, 2007 9:46pm
Can someone confirm if the GBPJPY is a SHORT since the multimint indicator says NO TRADE for DAILY?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_Daily.jpg Size: 148 KB
  • #897
  • Dec 25, 2007 9:55pm Dec 25, 2007 9:55pm
Hi there,

Im also a bit confused abt the singals today, but the indicator will not calcualte right values, bcs of the "sunday candles" yesterday, so we better check it manually, which I do always anyway to check the match...At least that is my conclusion

PC




Quoting et_phonehome_2
Can someone confirm if the GBPJPY is a SHORT since the multimint indicator says NO TRADE for DAILY?
Less is more...
  • #898
  • Dec 25, 2007 10:15pm Dec 25, 2007 10:15pm
  •  itguy
  • | Joined Sep 2006 | Status: 110..220....Whatever it takes | 39 Posts
Quoting et_phonehome_2
ITGUY

The alerts you had posted for the mint has some bugs in it....
Didn't think anyone was using it but I have updated it. This version looks at closed bars only. It also requires the StochasticDinapoli_v1 indicator as it is now using that instead of a regular stoch. The text colors are as follows:

Text is yellow if one timeframe is short, the other long or no trade
Text is white if both are no trade
Text is red if both are short
Text is green if both are long.

It won't work on a mini account at ibfx because they at an m to the pair names. If you want to use it on an ibfx mini account then use the indicator I named multimintv4_mini. Just use it for informational purposes only, don't trade by it. If there is interest I can also add alerts/email to the indicator, but I didn't want to mess up Harold's thread with countless posts about indicators.

If you have problems with the indicator, pm or email me.
Attached File(s)
File Type: mq4 multimintv4_mini.mq4   12 KB | 505 downloads
File Type: mq4 multimintv4.mq4   12 KB | 514 downloads
File Type: mq4 StochasticDiNapoli_v1.mq4   3 KB | 379 downloads
  • #899
  • Dec 25, 2007 10:19pm Dec 25, 2007 10:19pm
Quoting et_phonehome_2
Can someone confirm if the GBPJPY is a SHORT since the multimint indicator says NO TRADE for DAILY?
Your data window is showing short.
  • #900
  • Dec 25, 2007 10:29pm Dec 25, 2007 10:29pm
Quoting itguy
Didn't think anyone was using it but I have updated it. This version looks at closed bars only. It also requires the StochasticDinapoli_v1 indicator as it is now using that instead of a regular stoch. The text colors are as follows:

Text is yellow if one timeframe is short, the other long or no trade
Text is white if both are no trade
Text is red if both are short
Text is green if both are long.

It won't work on a mini account at ibfx because they at an m to the pair names. If you want to use it on an ibfx mini account then use the indicator I named multimintv4_mini. Just use it for informational purposes only, don't trade by it. If there is interest I can also add alerts/email to the indicator, but I didn't want to mess up Harold's thread with countless posts about indicators.

If you have problems with the indicator, pm or email me.
Looks Good! And yes, Alerts would be nice. Thanks
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