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Diary of a Mad Surfer

  • #201
  • Jan 26, 2008 1:12pm Jan 26, 2008 1:12pm
here is cable 1hr and you can see the blue ma's are clearly breaking away from the 200 (on the few times that the blue changed sides off the 200 and then reversed they were always together and never made a clear break)
this looks like a clear break, Just wait for price to break the resistance of the 4hr 200.
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 26 KB
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  • #202
  • Jan 26, 2008 1:15pm Jan 26, 2008 1:15pm
Here is the 1hr one frame back. This was not a clear break.
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 31 KB
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  • #203
  • Jan 28, 2008 6:14am Jan 28, 2008 6:14am
Quoting Big Wave Rider
So, here is A.J 4hr.
It is not making Impulsive waves which means this is all corrective CRAP, not waves but crap. On the daily we are in a descending triangle (see white lines) on the 4hr we are looking for an impulsive wave which we may have an implusive wave up, however if the bottom redline is touched than that nullifies an impulsive wave and we are back into corrective crap, The top redline is the last swing high so I would look for this line to be taken out and if that happens then thats a good sign to go long. (at least until the top of the daily triangle) but if it shows an impulsive wave up most likely the triangle will be taken out.
My 2 pips.

Bottom redline was taken out. back into the corrective crap.
AU on the other hand looks like an impulsive wave on the 4hr.
I know AU and AJ follow each other but AU is making better patterns.
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  • #204
  • Jan 29, 2008 3:54am Jan 29, 2008 3:54am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Exit or TP points

i'm long EU from 1.4600 and 1.4700 and not sure how to handle the exit or TP, not an issue right now as the daily 8x13 has crossd long, so will hold both. but i would like to max my profit, and this has always been the biggest issue for me, i currently us SL as my exit, but thats from Jacko's method and i've already opened up my SL to hold the trades longer so now need to focus on exit.

I was thinking about moving my SL up to a Trailing 50 after the bounce from the daily 8ema, which looks to be the move for today.
  • #205
  • Jan 29, 2008 4:09am Jan 29, 2008 4:09am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
so today i set about looking at multiple pairs to see whats going on.

Au - long on retracement to 8ema daily chart
EurChf - looking at short around 100ema on 4h, daily is already short
GbpChf - ?bounce of 100 short, waiting for 8x13 on daily to enter.
UsdCad - out mixed up
NzdUsd - ranging? will watch for 8x13 cross long?
AudJpy - waiting , Weekly Ma's merging so could signal change in trend, daily short but 4h is following 100
GbpUsd - watching for break of 200 on 4h, pair is long so will watch for retracement to 8ema on daily.

so there you go, not sure if i can watch that many pairs but thought i would have a go and see what you lot think, good review overall or should i jsu quite while i'm ahead.
  • #206
  • Jan 29, 2008 4:15am Jan 29, 2008 4:15am
Quoting MPP
so today i set about looking at multiple pairs to see whats going on.

Au - long on retracement to 8ema daily chart
EurChf - looking at short around 100ema on 4h, daily is already short
GbpChf - ?bounce of 100 short, waiting for 8x13 on daily to enter.
UsdCad - out mixed up
NzdUsd - ranging? will watch for 8x13 cross long?
AudJpy - waiting , Weekly Ma's merging so could signal change in trend, daily short but 4h is following 100
GbpUsd - watching for break of 200 on 4h, pair is long so will watch for retracement to 8ema on daily.

so there you go, not sure if i can watch that many pairs but thought i would have a go and see what you lot think, good review overall or should i jsu quite while i'm ahead.
Once you get the hang of it, you'll be able to watch as much as your CPU allows you too. For me, I have multiple charts open in one meta-trader for indices, one for commodities, one for currencies and for stocks (just for the hell of, like to short the bank stocks once in a while when they are getting hammered ).

Going to set up the alert to text to my phone, hopefully, that will help out.

Thanks to you and Charlies for the template and indicators!
Humble Lifetime Member
  • #207
  • Edited 8:41pm Jan 29, 2008 4:15am | Edited 8:41pm
MPP,

Enjoying your juornal Edit: lol sorry meant to say enjoy your comments very much .

Sorry BWR.
  • #208
  • Jan 29, 2008 4:20am Jan 29, 2008 4:20am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Oromis
MPP,

Enjoying your juornal very much .

It's BWR's, so funny, i'm just here trying to learn.
  • #209
  • Jan 29, 2008 4:50am Jan 29, 2008 4:50am
Quoting Oromis
MPP,

Enjoying your juornal very much .
No Comment. :surprised
Humble Lifetime Member
  • #210
  • Jan 29, 2008 5:27am Jan 29, 2008 5:27am
Quoting MPP
Exit or TP points

i'm long EU from 1.4600 and 1.4700 and not sure how to handle the exit or TP, not an issue right now as the daily 8x13 has crossd long, so will hold both. but i would like to max my profit, and this has always been the biggest issue for me, i currently us SL as my exit, but thats from Jacko's method and i've already opened up my SL to hold the trades longer so now need to focus on exit.

I was thinking about moving my SL up to a Trailing 50 after the bounce from the daily 8ema, which looks to be the move for today.
a more aggressive TP would be to wait for a candle to close under the 13
The whole candle body must be under the 13. That will get you out with more pips than waiting for the 8 to cross. But what if it's only a retracement and as soon as you take profit it goes back up? No Problem. Get back in as soon as you feel the retracement is over and its trending again. There is nothing wrong with protecting profit. On my 13x100 trades I risk very little set my stop loss to plus 20 pips once I am in profit and let it ride. I risk more on the 8x13 but I take profit sooner as well.
Taking profit is hard as one part of you says to stay in the trade the other part of you is fear, you are afraid all of your profit will disappear, so It's okay to be aggressive on profit taking if you have clear signs it may reverse or a large correction. Just go with what your gut says
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  • #211
  • Jan 29, 2008 5:32am Jan 29, 2008 5:32am
Quoting MPP
so today i set about looking at multiple pairs to see whats going on.

Au - long on retracement to 8ema daily chart
EurChf - looking at short around 100ema on 4h, daily is already short
GbpChf - ?bounce of 100 short, waiting for 8x13 on daily to enter.
UsdCad - out mixed up
NzdUsd - ranging? will watch for 8x13 cross long?
AudJpy - waiting , Weekly Ma's merging so could signal change in trend, daily short but 4h is following 100
GbpUsd - watching for break of 200 on 4h, pair is long so will watch for retracement to 8ema on daily.

so there you go, not sure if i can watch that many pairs but thought i would have a go and see what you lot think, good review overall or should i jsu quite while i'm ahead.
It may feel like a lot at first but dont feel like you have to be in every trade on every pair. Just watching them is good enough. Trade your favorite pair but watch the others until they become familiar and when your favorite pairs are pissing off and doing nothing then go to the other pairs and look for an opportunity there, alot of the times another pair will start trending when the others are sitting still or correcting .
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  • #212
  • Jan 29, 2008 5:41am Jan 29, 2008 5:41am
Two systems that go well with my system the most is TEB2's worlds simplest system. He gives you a better understanding of the 200ema.
And Bobokus Fibonacci trading, his fibs are crazy accurate. I would read TEB2's system first, all you have to do is look at the first page he has 3 charts that describe what to do with the 200. Then go and download BO's monthly and weekly fibo indicators. (If you click on the attachments the Indicators are around January 13.) Very useful tool to have.
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  • #213
  • Jan 29, 2008 10:38am Jan 29, 2008 10:38am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Ok so here's V3, with an update, issues a pullback alert, now the 8x13 Ma's may be two fast for the pullback but it can be turned off,

you need to replace the 3MA trend-R2 and the BWR.tpl with these, new word doc enclosed.

Attached File(s)
File Type: ex4 3MATrend-PullbackV3.ex4   12 KB | 341 downloads


Attached File(s)
File Type: tpl bwr.tpl   5 KB | 344 downloads


Attached File(s)
File Type: doc BWR V3 Settings.doc   91 KB | 419 downloads


it's just adds more flexability.
  • #214
  • Jan 29, 2008 11:00am Jan 29, 2008 11:00am
Quoting MPP
Ok so here's V3, with an update, issues a pullback alert, now the 8x13 Ma's may be two fast for the pullback but it can be turned off,

you need to replace the 3MA trend-R2 and the BWR.tpl with these, new word doc enclosed.

Attachment

Attachment

Attachment

it's just adds more flexability.
Hey thanks alot for your help MPP
I saw you lurking in Bo's Fibo thread.
Did you check out his fibo's?
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  • #215
  • Jan 29, 2008 11:01am Jan 29, 2008 11:01am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
now this ones a beast

apply EA to a chart, Tf of chart dictates the alert TF, ie 1h chart - alerts every hour, 4h chart - alerts every 4h's.

one chart will alert you to any pair depending on which setting you choose, so open a 1h chart on GU and select 5 and you will recieve notification every hour, this will tell you which of the 18pairs selcted are trending according to the predetermined MA's selected.

now the 8 and 13 are way to quick and cross to much for this so i have loaded it for 30, 50 and 100 as this have been good to me in the past and Charlies uses them with confdence.

in essence, this will help us identify which pairs to apply the BWR template too (nearly forgot, you can change any of the colours in the charts to suit you with all these indicators)

Attached File(s)
File Type: doc Trendy Wizard.doc   22 KB | 349 downloads


Attached File(s)
File Type: ex4 TRENDY WIZARD EA v3(M).ex4   10 KB | 249 downloads
  • #216
  • Jan 29, 2008 11:08am Jan 29, 2008 11:08am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
Hey thanks alot for your help MPP
I saw you lurking in Bo's Fibo thread.
Did you check out his fibo's?
i use fibo's alot, but couldn't workout which indicator to download, i tried the template, but that only had one line on it, will have to work on it. i like his pivot indicator that works both ways as oppose to normal fib tools that have to work with the direction. do you know which one it is? not so keen on auto fib drawers, i have tried some of them before and they are always using other data like daily candles, weekly candles etc and that's not always the high and low.

i also looked at the TEB's thread, would like to work out how the lines are being drawn, looks like some kind of fib tool also.

well get it in the end
  • #217
  • Jan 29, 2008 11:22am Jan 29, 2008 11:22am
Quoting MPP
i use fibo's alot, but couldn't workout which indicator to download, i tried the template, but that only had one line on it, will have to work on it. i like his pivot indicator that works both ways as oppose to normal fib tools that have to work with the direction. do you know which one it is? not so keen on auto fib drawers, i have tried some of them before and they are always using other data like daily candles, weekly candles etc and that's not always the high and low.

i also looked at the TEB's thread, would like to work out how the lines are being drawn, looks like some kind of fib tool also.

well get it in the end
Please don't share personal info here


As far as Bo's fibo I like the one labled" bobokus fibo", the monthly and weekly as well, all of the other ones are too tight, meant for a 5 min chart or somthing.
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  • #218
  • Jan 29, 2008 11:47am Jan 29, 2008 11:47am
The only thing I can load is the BWR template. where do I put everthing else?
I tried to put it in the indicators folder but nothing happens when I click on it and it will not allow me to attach it to a chart, where do I put the doc?
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  • #219
  • Jan 29, 2008 12:01pm Jan 29, 2008 12:01pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
The only thing I can load is the BWR template. where do I put everthing else?
I tried to put it in the indicators folder but nothing happens when I click on it and it will not allow me to attach it to a chart, where do I put the doc?

try restarting the program first

The doc is a word document, in it you should find the locations for all the other files and the setting numbers in case you want to change anything
BWR tpl should go in metatrader/templates
all the other files should go to metatrader/experts/indicators

the EA should go in metatrader/expert

you then need to restart MT4 and add the template, once loaded, you can change the colours to suit you and then save the template, once this is done all chart will open in your style.

working from laptop, so will confirm the locations if anything is wrong later
  • #220
  • Jan 29, 2008 1:51pm Jan 29, 2008 1:51pm
Quoting MPP
try restarting the program first

The doc is a word document, in it you should find the locations for all the other files and the setting numbers in case you want to change anything
BWR tpl should go in metatrader/templates
all the other files should go to metatrader/experts/indicators

the EA should go in metatrader/expert

you then need to restart MT4 and add the template, once loaded, you can change the colours to suit you and then save the template, once this is done all chart will open in your style.

working from laptop, so will confirm the locations if anything is wrong later
Got it, Thanks
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