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  • #2,021
  • Jan 23, 2008 6:57am Jan 23, 2008 6:57am
Quoting syedks
just took GBPCHF ....

me too. out now for +30
  • #2,022
  • Jan 23, 2008 6:58am Jan 23, 2008 6:58am
Quoting age13
entered 10:00gmt at 207.83. Price only gone south from there. SHoulda left tp at 50.
true, I came in late ...
- Syd [dust is my bed...]
  • #2,023
  • Jan 23, 2008 7:07am Jan 23, 2008 7:07am
morning all the first signal that came my way was the gbpjpy at close of 900 gmt candle i put it on and went back to bed just got up a saw it won and it seems you guys made some money with that one and the other which really makes me glad you are starting to understand the deal. regarding using the stoch on daily chart to filter a signal the reason i removed it after all this time is i was looking at chart and you can see a trend even if you dont have indicators on a chart. i saw the rsi which reads strength of pair is below 50 while the emas are crossed but stoch is cycling up and down and staying oversold so i asked myself what does a stoch do and it measures where price is closing so stoch can stay overbought or oversold for quite awhile as we see yet price keeps going down and since i am using it as a cycle to enter trades and i dont enter trades on daily but hourly charts i found there is no purpose to use it on daily but hourly it does make sense because we want to know where price is and they work good and are more responsive on hourly charts. if you want to use them be my guest you will find yourself not having signals as often just my opinion
  • #2,024
  • Jan 23, 2008 7:17am Jan 23, 2008 7:17am
ihere is a chart of my gbpjpy trade you will see the rsi and stoch turn down and then up and then down to signal a trade at 900 closed candle now based on daily you wouldnt have a gbpjpy this year because stoch have been oversold for that long thats almost a whole month of no trades with this pair
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  • #2,025
  • Jan 23, 2008 7:17am Jan 23, 2008 7:17am
I'm starting to wonder where on my platform the 'buy' button is!
  • #2,026
  • Jan 23, 2008 7:22am Jan 23, 2008 7:22am
what do you mean logical buy button? seems all you need these days is the sell button todays market looks like an avalanche doesnt it
  • #2,027
  • Jan 23, 2008 7:26am Jan 23, 2008 7:26am
Harald, what about the signals at 6.00GMT candle end.

Did you think they were not good?

I took gbpchf for -24, audjpy for -15 and gbpjpy for +3
  • #2,028
  • Jan 23, 2008 7:32am Jan 23, 2008 7:32am
remember as part of discretion that if price has moved a great deal stay away till the stocs recycle well the signal on gbpchf happened at 200 gmt and price came down 140 and stochs were turning up not recycling same thing for audjpy and gbpjpy price came down 130 to 160 pips
  • #2,029
  • Jan 23, 2008 7:46am Jan 23, 2008 7:46am
Ok, I'm with you.

I became trigger shy after those losses.

Could've made it all back by now, LOL.
  • #2,030
  • Jan 23, 2008 7:57am Jan 23, 2008 7:57am
Quoting harold4x
ok there seems to be a little confusion but before i get to that mike habit this is for you i read your text the only thing i didnt see was concerning the ema 5 is close but 8ema should be of the open if its there i didnt see it. now here are the pairs again eurcad HAS BEEN REMOVED I DONT USE IT ANYMORE IT HAS BEEN REPLACED WITH AUDJPY!!! now concerning a signal on daily chart we look at the close of the daily candle which is 7 pm est and we see where the 5 ema of close and 8 ema of open are crossed at either up or down we then look at the rsi and see if it is above or below the 50 level in same direction as the ema's we dont look at the stoch on daily chart at all.looking at whether the candle is up or down means nothing our signals come from the ema cross and rsi cross on daily chart that it. once we have direction for next trading session we look for the ema's and the rsi and the stochs to cross in direction of the signal. discretion: if signal on hourly charts has stochs in the 10's or 80's stay out if news is happening at same time as signal stay out if price has come down a ton thats up to you depending on how far its come most importantly is if you are in doubt just stay out that also contitutes a trading decision which is good money management signals for tommorow all 6 are short
keep this in front of you so i can stop repeating myself
  • #2,031
  • Jan 23, 2008 8:46am Jan 23, 2008 8:46am
well today if you didnt make any money theres something terribly wrong. you could have used any method today wouldnt have mattered the gbpjpy dropped 600 pips if you cant get 30-50 out of that then one should just try something else because trading is not for them i dont even have to wait till tonight the signals will all be the same tomorrow short everything one thing we should never do as traders and that is try and predict where price is going to go just respond to where it is going only god knows the future so dont go playing god in trading
  • #2,032
  • Jan 23, 2008 8:59am Jan 23, 2008 8:59am
if there are no questions on the trading setups that i have posted i will see you guys later i will be on for 5 minutes
  • #2,033
  • Jan 23, 2008 9:13am Jan 23, 2008 9:13am
I have been using this method for about 1 month now. I have made 26 trades....11 losers...15 winners. That is about 58% winning, so it falls in-line closely with 60%. I am still learning the market, so I expect to get better.

Today, I did go back and check my losing trades to see if I saw patterns. I have found that on every losing trade, if I would have had about a 100 pip SL, then the trade would have been profitable later that day. Only one trade came close to hitting the 100 pip SL, and it moved against me only 94 pips. Certainly, if those 11 losing trades would have turned back into winners, the results would have been outstanding.

Not really interested in changing the system because I know Harold has a lot more experience than one month. Just wondering if anyone else has noticed this? Perhaps because we have been trending so strongly in January? I guess in a consolidation period, I might would have plenty of 100 pip losers. It just seems that since we only take a trade when the daily and hourly are with us, we have a strong chance of winning without such a tight SL.
  • #2,034
  • Jan 23, 2008 9:17am Jan 23, 2008 9:17am
GBPJPY, AUDJPY, EURJPY all good.

I close out all three and was +93 when I went to bed. Thank you again

Harold for an awesome system.
  • #2,035
  • Jan 23, 2008 9:18am Jan 23, 2008 9:18am
Quoting harold4x
if there are no questions on the trading setups that i have posted i will see you guys later i will be on for 5 minutes
thank you Harold ... I keep stay disciplinated now just with one system only (this one!) and I feel better ... see you later time to go for me
ciao to you and all friends
  • #2,036
  • Jan 23, 2008 9:19am Jan 23, 2008 9:19am
26 trades seems a lot to me i would have to see them and check them out if they were good signals or not but still 58% and still learning is not bad at all just be patient put on the good trades use a little common sense like today on those signals at 600gmt that were not good because price came down 140+ pips from a 300gmt signal those you stay away from and let market recycle ( or wave) in the direction of the trend again which it did at 900gmt and 1000 gmt
  • #2,037
  • Edited 9:56pm Jan 23, 2008 9:21am | Edited 9:56pm
yo pip prince 93 thats pipping that almost equals my total this week of 150
  • #2,038
  • Jan 23, 2008 9:45am Jan 23, 2008 9:45am
Quoting PipPrince
GBPJPY, AUDJPY, EURJPY all good.

I close out all three and was +93 when I went to bed. Thank you again

Harold for an awesome system.
holly molly !!!!!!!!! would you be kind enough to tell us what times you went in???
- Syd [dust is my bed...]
  • #2,039
  • Jan 23, 2008 12:23pm Jan 23, 2008 12:23pm
Hi Harold,

If we find a entry signal on daily close candle, in the next trading session,
if we have a first entry signal, then we take it. After we exit the trade then it goes in the other direction. After some time, again if we see the same entry signal, can we take it ?.
Thanks,
  • #2,040
  • Jan 23, 2008 3:02pm Jan 23, 2008 3:02pm
Hi Harold. I was wondering how you are able to get alerts when there is a signal. is there an EA that you use? if so, has it been posted anywhere in the thread? i really like the system and want to try it out but the best signals would probably come while i am sleeping and i would need a way to get alerted.

thanks
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