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the key to the mint

  • #1,621
  • Jan 15, 2008 11:46pm Jan 15, 2008 11:46pm
Quoting PipPrince
I went -45 on both trades. Looks like it is coming back.
for those that chose not to take these trades, for educational purposes, can they give some reasons?
  • #1,622
  • Jan 15, 2008 11:47pm Jan 15, 2008 11:47pm
I was gonna take that G/J trade but I thought the signal was too old
  • #1,623
  • Jan 15, 2008 11:48pm Jan 15, 2008 11:48pm
Me too ... just got stopped out -50 G/J.
  • #1,624
  • Jan 15, 2008 11:50pm Jan 15, 2008 11:50pm
... and -30 on E/J ... What a night!!
  • #1,625
  • Jan 16, 2008 12:09am Jan 16, 2008 12:09am
G/J -50 and E/J -30
  • #1,626
  • Jan 16, 2008 1:11am Jan 16, 2008 1:11am
EURJPY -19
  • #1,627
  • Jan 16, 2008 1:17am Jan 16, 2008 1:17am
-30 E/J on 7.00GMT candle, that trade was a bit old and probably should have known there was a retrace coming.
  • #1,628
  • Jan 16, 2008 2:12am Jan 16, 2008 2:12am
Quoting logical1
for those that chose not to take these trades, for educational purposes, can they give some reasons?
I did not take any trades because I was late taking my son to school. Having said that, the only signal I got was to sell CADJPY. All the others were no trades for me, no signals at all.
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy.gif Size: 30 KB
The quality of your life is brought about by the quality of your thinking.
  • #1,629
  • Jan 16, 2008 2:37am Jan 16, 2008 2:37am
i just got back to see i ended up lucking out on the eur/jpy trade off the close of 0600 cndle.
the only thing i did different was to set SL above the last swing loww on the 1H chart, which was the 2300 candle from yesterday.
this broke moneymanagement a little, SL was now -40 for potential +30 (don't tell h4x)
Again discretion is rearing it's head, no getting away from it.
the only reason i waited to take +30 is most likely due to going back to bed and setting limit order.
  • #1,630
  • Jan 16, 2008 2:51am Jan 16, 2008 2:51am
just got my 30 back on a second E/J short
  • #1,631
  • Jan 16, 2008 2:58am Jan 16, 2008 2:58am
Yep, EURJPY and CADJPY triggered again. Two profitable trades in the bank
The quality of your life is brought about by the quality of your thinking.
  • #1,632
  • Jan 16, 2008 3:03am Jan 16, 2008 3:03am
Just triggered again on GY but will not take it, both Stochastic and SIGNAL are in oversold on the 1hr. I did before on EURJPY and CADJPY, will not risk it this time round
The quality of your life is brought about by the quality of your thinking.
  • #1,633
  • Jan 16, 2008 3:38am Jan 16, 2008 3:38am
morning guys just got up for second time i got alerted this morning and when i saw all the pairs have already left the station and now the stoc goes in the correct direction in os conditions on daily and 1 hr i stayed out and went back to bed when you see a steady trend in one direction rsi stayed under the whole 12 hrs and emas stayed down whole 12 hour you dont need any indicators to see this trend down this was the cadjpy eurjpy and gbpjpy so iturned my attention to gbpchf but there was no signal
  • #1,634
  • Jan 16, 2008 3:42am Jan 16, 2008 3:42am
Harold,
This was the first day I used your method. I am pleased with my results although I had a net loss of 16.5 pips. Your method is going to reduce my false starts. My results this morning; E/J -20, G/J -6.3, G/J 9.8, net -16.5. I should had stayed in my first G/J trade, but I got out because I that I had entered to early. The winning G/J went far enough that would had given me a positive result for the day, but I elected to set my S/L to give me a 10 pip gain if it. Thank you for sharing. I will improve my execution tomorrow.
  • #1,635
  • Jan 16, 2008 3:48am Jan 16, 2008 3:48am
as i look at the gbpjpy trades the first one resulted in a loss the second resulted in a win when we are in these conditions i warned you to take less and lose less as far as the cadjpy it signaled 3 hours before trading and eurjpy also would have had a loss and then a rentry win
  • #1,636
  • Jan 16, 2008 4:00am Jan 16, 2008 4:00am
Am I using the right settings for this EA ?
Attached Image (click to enlarge)
Click to Enlarge Name: chart6.gif Size: 35 KB
  • #1,637
  • Edited 4:38am Jan 16, 2008 4:03am | Edited 4:38am
lets examine todays signals as far as discretion goes in making a decision to put on trades remember that chosing not to put on a trade is an option also! since we know the conditons are oversold and these pairs already moved 200+ pips and when signal comes rsi on hourly is in 20"s which is oversold and stocs are in the 10's 1+1 will always be 2 reasons not to get on this bus. never forget there will always be another one it is ashame that these pairs moved so far without us but thats the way it goes sometimes. there is not alot of discretion with this method but a little common sense also comes into play sorry you guys took these losses when i got up saw what i saw i just went back to bed didnt take much to see the conditions even if i was bleary eyed does everyone understand where i am coming from if not speak up
  • #1,638
  • Jan 16, 2008 5:07am Jan 16, 2008 5:07am
Quoting harold4x
lets examine todays signals as far as discretion goes in making a decision to put on trades remember that chosing not to put on a trade is an option also! since we know the conditons are oversold and these pairs already moved 200+ pips and when signal comes rsi on hourly is in 20"s which is oversold and stocs are in the 10's 1+1 will always be 2 reasons not to get on this bus. never forget there will always be another one it is ashame that these pairs moved so far without us but thats the way it goes sometimes. there is not alot of discretion with this method but a little common sense also comes into play sorry you guys took these losses when i got up saw what i saw i just went back to bed didnt take much to see the conditions even if i was bleary eyed does everyone understand where i am coming from if not speak up
great points.
I'm going to focus more on reasons not to trade.
see you for the close of 1300
  • #1,639
  • Jan 16, 2008 5:12am Jan 16, 2008 5:12am
well news comes up in 20 minute pairs have turned around and have gone other way now if they trun back in our direction maybe conditions on hourly will be to our liking and maybe news will help fuel this otherwise there will be no trades for me today
  • #1,640
  • Jan 16, 2008 6:38am Jan 16, 2008 6:38am
well looks like nothing happening so i am done for the day are there any questions i will stay on for 10 minutes more to answer if not see you guys tonite
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