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Simple Candlestick-Pivot Method

  • #81
  • Jan 20, 2008 10:27pm Jan 20, 2008 10:27pm
Quoting thinkpip
Hi, would someone mind telling me where i can learn which news releases might have an adverse affect on this system (GBP/JPY only)? Thanks!

You can go to this website:

http://www.fxstreet.com/fundamental/

Or

even the front page on www.forexfactory.com

and see the news releases for the day (or week)
I like fxstreet because they list the expected volatility for each news release (that doesn’t mean that it is always correct, but it usually is). You can also be assured that the non-farm payroll release (United States - usually the first Friday of the month) will also likely lead to a volatile few hours – even on the crosses like the GBPJPY.

Basically, you want to watch out for any news releases from Japan or the UK.

Hope this helps.
  • #82
  • Jan 20, 2008 11:26pm Jan 20, 2008 11:26pm
My pivot levels on the euro/usd:

PP 4638
S1 4604
S2 4582
S3 4547

These are FIB/Pivots

Cheers
Know your edge and trade within it
  • #83
  • Jan 21, 2008 3:49am Jan 21, 2008 3:49am
hi all...after having quick 50 pips by breakout trade now it seems nice reversal setup might be coming soon in gj....
  • #84
  • Jan 21, 2008 3:54am Jan 21, 2008 3:54am
nate..

It will be nice if you post ur chat. am usinf fxdd as urs but am having conflict in my dps value.

posting ur chat will help us a great deal

thanks
  • #85
  • Jan 21, 2008 3:56am Jan 21, 2008 3:56am
Quoting nomask
hi all...after having quick 50 pips by breakout trade now it seems nice reversal setup might be coming soon in gj....
Nomask,

Thank you for a great and simple system. I am also learning the breakout System but I need to know the correct settings for the Breakout eagle indicator. Can you please share your settings? I live in Fl, USA.


Thanks,

Amlo
  • #86
  • Jan 21, 2008 4:06am Jan 21, 2008 4:06am
here is the chart
Attached Image (click to enlarge)
Click to Enlarge Name: 12312.JPG Size: 95 KB
  • #87
  • Jan 21, 2008 4:07am Jan 21, 2008 4:07am
Quoting amlo77
Nomask,

Thank you for a great and simple system. I am also learning the breakout System but I need to know the correct settings for the Breakout eagle indicator. Can you please share your settings? I live in Fl, USA.


Thanks,

Amlo
i am using eagles breakout indicator with default settings but my time zone is gmt+2 which is same with fxdd...
  • #88
  • Jan 21, 2008 4:09am Jan 21, 2008 4:09am
Hello nomask,
What you think make an EA? How long you are using this TS

Kind regards,
Marcelo Marques
  • #89
  • Jan 21, 2008 4:12am Jan 21, 2008 4:12am
Quoting marcelom
Hello nomask,
What you think make an EA? How long you are using this TS

Kind regards,
Marcelo Marques
well this system obviously is a "use your own eyes" system..dont think any ea would be okay with that and i think ea works best with indicators
  • #90
  • Jan 21, 2008 4:13am Jan 21, 2008 4:13am
it will be real nice if you can share your settings on eagle's break-out system and tell us wot you watch out for with the aid of a chart.

I know its not your thread but then u can promote it here.

Thanks
  • #91
  • Jan 21, 2008 4:16am Jan 21, 2008 4:16am
i'm little nervous about the last trade entered because i entered a position against my long term expectation
heiken ashi another story..i'll try to write one day what i think about it
Attached Image (click to enlarge)
Click to Enlarge Name: 1212.JPG Size: 111 KB
  • #92
  • Jan 21, 2008 4:30am Jan 21, 2008 4:30am
we all here about learning...i love that you guys teaching and giving me lots of ideas with each question and contribution...i'll try to remake introductions and give some more explanation about this thread and the way i trade.personally i trade 2 different method for daily trades(breakout and this one) combined..i'll try to update this thread through your questions soon....
  • #93
  • Jan 21, 2008 4:31am Jan 21, 2008 4:31am
What was ur entry price. mine was 207.05....

Thanks
  • #94
  • Jan 21, 2008 4:34am Jan 21, 2008 4:34am
Quoting Naijafx
What was ur entry price. mine was 207.05....

Thanks
207.13...but not so much hope...dont like when its moving slowly
  • #95
  • Jan 21, 2008 4:37am Jan 21, 2008 4:37am
Quoting nomask
i am using eagles breakout indicator with default settings but my time zone is gmt+2 which is same with fxdd...
Where do I find this Eagle indicator for mt4? Can you post it here .
Thnx
  • #96
  • Jan 21, 2008 4:49am Jan 21, 2008 4:49am
Quoting Arbit007
Where do I find this Eagle indicator for mt4? Can you post it here .
Thnx
here it is...
Attached File(s)
File Type: mq4 BreakOut-EAGLE_indicator.mq4   7 KB | 979 downloads
File Type: ex4 BreakOut-EAGLE_indicator.ex4   7 KB | 780 downloads
  • #97
  • Jan 21, 2008 4:50am Jan 21, 2008 4:50am
Quoting nomask
207.13...but not so much hope...dont like when its moving slowly
What do you think about closing at the entry or min loss?
  • #98
  • Jan 21, 2008 4:53am Jan 21, 2008 4:53am
Quoting neshat
What do you think about closing at the entry or min loss?
stopped out 50 pips loss
well i've been waiting this actually after 12 consecutive wins
  • #99
  • Jan 21, 2008 4:55am Jan 21, 2008 4:55am
Nomask.....

Lost it ouy but am kinda happy that the method is well understood. No problem friend... there will always be another day......


thanks
  • #100
  • Jan 21, 2008 4:59am Jan 21, 2008 4:59am
Quoting Naijafx
Nomask.....

Lost it ouy but am kinda happy that the method is well understood. No problem friend... there will always be another day......


thanks
thx...actually when its stopped out i was watching the funniest movie ever..thats why i cant live the sadness properly..i'm still lauging..i know its not the place but pls everybody..take a look at this
http://h2.haberturk.com/Video.aspx?ID=737

make sure watching to the end
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