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  • #1,721
  • Jan 17, 2008 8:37am Jan 17, 2008 8:37am
... just my last reply before my job time.
I like Harold sysyem becouse it reduce the screen watching time and focalize our attention only on high probability set ups during the day. It helps to improve discipline and quality of family life! (this is important as well)
The discretional part (=technical & foundamental analysis) can be important to judge the odds we are taking with us when we enter the trade. For istance (great example!): if we get a short signal AFTER the price have already broken an important support (simple technical), AFTER an "evening star" (candlestick knowledge) and with the candle walking down the low BB ... we can say: thats a nice signal...
have a nice trading see you tomorrow
  • #1,722
  • Jan 17, 2008 8:37am Jan 17, 2008 8:37am
Harold, yes I must have exited at 6:43am est. It is a little early in the day, but should gbp/jpy, gbp/chf and gbp/usd daily charts continue on their present path, tomorrow could provide some nice opportunities
  • #1,723
  • Jan 17, 2008 8:48am Jan 17, 2008 8:48am
if the news at 10 is bad for usd it could push those pairs to the upside finally for some up signals lets hope its way over due
  • #1,724
  • Jan 17, 2008 9:02am Jan 17, 2008 9:02am
what a terrible number for usd
  • #1,725
  • Jan 17, 2008 9:06am Jan 17, 2008 9:06am
well i am done for today even if eurjpy after this candle is a signal its late i am tired and i had enough for today if there are any questions ask them now before i sign off in 10 minutes
  • #1,726
  • Jan 17, 2008 9:11am Jan 17, 2008 9:11am
in order to read the most current posts on this thread, is it necessary to have to close and exit the ff website and then re-open? In other words is there another way of continuously staying on board and abeing able to read the posts as they are entered?
  • #1,727
  • Jan 17, 2008 9:19am Jan 17, 2008 9:19am
yes just press your refresh button on top it should be next to the address
  • #1,728
  • Jan 17, 2008 9:23am Jan 17, 2008 9:23am
Harold, Thanks!
  • #1,729
  • Jan 17, 2008 9:25am Jan 17, 2008 9:25am
see you guts later
  • #1,730
  • Jan 17, 2008 9:32am Jan 17, 2008 9:32am
Quoting harold4x
well i am done for today even if eurjpy after this candle is a signal its late i am tired and i had enough for today if there are any questions ask them now before i sign off in 10 minutes

thanks h4x for todays mentoring.
great job everyone
  • #1,731
  • Jan 17, 2008 9:38am Jan 17, 2008 9:38am
This thread is great. You guys are great. I'm making money and learning alot. I think I've found the proverbial good deal.
  • #1,732
  • Jan 17, 2008 10:09am Jan 17, 2008 10:09am
You can also press F5

PC

Quoting harold4x
yes just press your refresh button on top it should be next to the address
Less is more...
  • #1,733
  • Jan 17, 2008 1:42pm Jan 17, 2008 1:42pm
Sneaky +9 on eur/jpy short late in the day. Entered at close of 1800 GMT.
I have seen quite a few jpy trades coming after 1800GMT the last few days, not sure if that is just a temporay thing.

Problem i have now is i get to +9 or +10 etc and close out, instead of letting trade run, the last few have gone to +30 without me.....i just wish i had some way to drop down to lower time chart and monitor with confidence....

Maybe I'm not clear.....I love this strategy because it guides me to a really controlled ENTRY point....but once I have entered trade, suddenly it is as if I am praying and hoping trade will make target.....i want to have more CONTROL while I am IN THE TRADE.

I am using correlations to help, but all that tells me is what I already know, it would be helpful if one pair lagged the other...but i don't see that.

any suggestions?
  • #1,734
  • Jan 17, 2008 1:56pm Jan 17, 2008 1:56pm
Quoting syedks
cchad, the EA worked fine but I am working on a new version which detects and sends skype messages ... sorry for getting it delayed (i promissed to have it finished by sunday), work has been pretty busy lately and hopefully I'll have it done pretty soon ...
cheers
Syd, how's the EA update coming along? I still can't get your other one to take any trades, not sure if I have the settings right.
  • #1,735
  • Jan 17, 2008 2:06pm Jan 17, 2008 2:06pm
Quoting logical1
Sneaky +9 on eur/jpy short late in the day. Entered at close of 1800 GMT.
I have seen quite a few jpy trades coming after 1800GMT the last few days, not sure if that is just a temporay thing.

Problem i have now is i get to +9 or +10 etc and close out, instead of letting trade run, the last few have gone to +30 without me.....i just wish i had some way to drop down to lower time chart and monitor with confidence....

Maybe I'm not clear.....I love this strategy because it guides me to a really controlled ENTRY point....but once I have entered trade, suddenly it is as if I am praying and hoping trade will make target.....i want to have more CONTROL while I am IN THE TRADE.

I am using correlations to help, but all that tells me is what I already know, it would be helpful if one pair lagged the other...but i don't see that.

any suggestions?
I'm struggling with the same problem ... I try to look at Bollinger Band to understand the position of the price and possible movements accordling with BB theory. It can helps in this kind of choppy market, becouse during strong trending we usually have not problems. At the very end I think we must learn how to avoid raungebunding markets (or learn how to take advantage by them ...)
  • #1,736
  • Jan 17, 2008 2:11pm Jan 17, 2008 2:11pm
Quoting logical1
Sneaky +9 on eur/jpy short late in the day. Entered at close of 1800 GMT.
I have seen quite a few jpy trades coming after 1800GMT the last few days, not sure if that is just a temporay thing.

Problem i have now is i get to +9 or +10 etc and close out, instead of letting trade run, the last few have gone to +30 without me.....i just wish i had some way to drop down to lower time chart and monitor with confidence....

Maybe I'm not clear.....I love this strategy because it guides me to a really controlled ENTRY point....but once I have entered trade, suddenly it is as if I am praying and hoping trade will make target.....i want to have more CONTROL while I am IN THE TRADE.

I am using correlations to help, but all that tells me is what I already know, it would be helpful if one pair lagged the other...but i don't see that.

any suggestions?
You know, the same thing is happening to me. The fact that these pairs have been os so long, and Harold reminding us to be careful, has me grabbing what my nerves will deal with, and then many times price moves on without me. So perhaps when there is more head room in these pairs I will stay in longer and get the magic 30+... In my case I'm pulling the trigger sooner out of fear
Could that be your problem (not really a problem) too!
  • #1,737
  • Jan 17, 2008 4:36pm Jan 17, 2008 4:36pm
Harold's system is great but must be used with discretion and more importantly seek ways to improve on it. If you all agree its 60% effective, then i ask 'what stops us from taking its effectiveness percentage higher to 70, 80 90% (at least vantage point boasts of 80% accuracy). I've been taught to always add value in any system i find myself and this i've always done by improving on what i meet on ground.
So guys lets seek for ways on improving on this great and unique system and less of asking the same questions all over and over again.
Quoting Joel
You know, the same thing is happening to me. The fact that these pairs have been os so long, and Harold reminding us to be careful, has me grabbing what my nerves will deal with, and then many times price moves on without me. So perhaps when there is more head room in these pairs I will stay in longer and get the magic 30+... In my case I'm pulling the trigger sooner out of fear
Could that be your problem (not really a problem) too!
God's Love For You Is Sure Never You Doubt It
  • #1,738
  • Jan 17, 2008 4:45pm Jan 17, 2008 4:45pm
Quoting Joel
You know, the same thing is happening to me. The fact that these pairs have been os so long, and Harold reminding us to be careful, has me grabbing what my nerves will deal with, and then many times price moves on without me. So perhaps when there is more head room in these pairs I will stay in longer and get the magic 30+... In my case I'm pulling the trigger sooner out of fear
Could that be your problem (not really a problem) too!

My personal fix is to close out part of my position to bank at LEAST 10 pips, and move the stop to break even on the remainder lots or partial lot. That gives me the luxury of no stress if the trade tanks, or added pips if it continues with good behavior.
  • #1,739
  • Jan 17, 2008 4:50pm Jan 17, 2008 4:50pm
The first step i've taken in making this unique system more effective in terms of getting more pips is to try it out on other pairs apart from the ones listed by Harold(while still keeping to the basics of allowing all indicators to allign in same direction, etc.) and its been fantastic. I get more currency pairs to trade in a day and that translates to more pips.(stopped posting my daily pip gain because it was getting way off too much than what others post). I tell you all and i'm sure you'll all agree 'this system is simply great. ( i have so far more than 18 strategies of trading and this is so far the best).
On exit, i allow my bollinger band (though not listed in the strategy but a good combination though) to guide me and that takes care of premature exits.
Quoting D liberators
Harold's system is great but must be used with discretion and more importantly seek ways to improve on it. If you all agree its 60% effective, then i ask 'what stops us from taking its effectiveness percentage higher to 70, 80 90% (at least vantage point boasts of 80% accuracy). I've been taught to always add value in any system i find myself and this i've always done by improving on what i meet on ground.
So guys lets seek for ways on improving on this great and unique system and less of asking the same questions all over and over again.
God's Love For You Is Sure Never You Doubt It
  • #1,740
  • Jan 17, 2008 4:56pm Jan 17, 2008 4:56pm
Do you also trade outside the recommended times?

J

Quoting D liberators
The first step i've taken in making this unique system more effective in terms of getting more pips is to try it out on other pairs apart from the ones listed by Harold(while still keeping to the basics of allowing all indicators to allign in same direction, etc.) and its been fantastic. I get more currency pairs to trade in a day and that translates to more pips.(stopped posting my daily pip gain because it was getting way off too much than what others post). I tell you all and i'm sure you'll all agree 'this system is simply great. ( i have so far more than 18 strategies of trading and this is so far the best).
On exit, i allow my bollinger band (though not listed in the strategy but a good combination though) to guide me and that takes care of premature exits.
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