Actually, those pips were possible today. But I got 27....
short the g/u at 1.9565, TP on 1/2 at 20 pips, set rest to BE, then moved stop to 9531 a little b/f the BOE statement. Unfortunately there was a huge hammer up to 9560 or so, took me out. Would have been sweet to ride that bad boy down in the 1.94's. I wonder in Phil (or others) cashed in on some short time frame strategies??
short the g/u at 1.9565, TP on 1/2 at 20 pips, set rest to BE, then moved stop to 9531 a little b/f the BOE statement. Unfortunately there was a huge hammer up to 9560 or so, took me out. Would have been sweet to ride that bad boy down in the 1.94's. I wonder in Phil (or others) cashed in on some short time frame strategies??
I wish I could make those kind of pips.
Maybe if I just post what I dreamt my account will grow .......
- #11,424
- Feb 7, 2008 10:19am Feb 7, 2008 10:19am
- Joined Apr 2007 | Status: Trader | 1,021 Posts
Still on top after a year!
Keep it up
Keep it up
Failure, is a wonderful teacher!
Wow those are some impressive numbers, over 1.3M views, I wish Phil would get on pip for every view, he's earned it with his dedication and support...
But to put it in perspective, my son got an x-box for Christmas, at one time over the holidays there were 160,000 people playing a single game on line (Halo3)....
But to put it in perspective, my son got an x-box for Christmas, at one time over the holidays there were 160,000 people playing a single game on line (Halo3)....
Still on top after a year!
Keep it up
- #11,427
- Feb 7, 2008 11:07am Feb 7, 2008 11:07am
Actually, those pips were possible today. But I got 27....
short the g/u at 1.9565, TP on 1/2 at 20 pips, set rest to BE, then moved stop to 9531 a little b/f the BOE statement. Unfortunately there was a huge hammer up to 9560 or so, took me out. Would have been sweet to ride that bad boy down in the 1.94's. I wonder in Phil (or others) cashed in on some short time frame strategies??
What is possible vs what is banked are very very far apart. Just don't get it why post results when there was no entry post - especailly with no trade details.
Not sure if this will help, but here's what I do. First of all, I'm assuming that you're human, and thus need to sleep, so checking multiple data sources each hour may not be conducive to that human need!!!
I trade in the EST in the USA, and I have a day job. I check the charts when my bar closes at 11PM (I use InterbankFX Demo for charts in MT4). I will then look at the major pairs and anticipate any TC's that may occur. I don't typically trade CT's, so I don't care if the market moves countertrend. Looking for TC's is relatively easy if you study the market motion/rhythym. I then look at the indicator (note that there is a little number beside the bar on the MACD to the right). This is the number of pips to turn the indicator in the direction of the potential TC (assuming we are in a pull back). I will then (at 11PM) set an alarm if it's something that I wouldn't mind being awaken in the middle of the night for. The alarm is simply the current price +/- the "little number". I personally like the bars at 11PM/3AM/7AM etc, since the 3AM coincides with the European opening, which tends to have some action, and thus the TC maybe forming at or around that time. 2AM EST is typically dead, or "market noise" between the Asia and European closing/opening...
Additionally if a market is trending and we're not in a pull back, you could set an alarm with the anticipation of "if xx/yy pair pulls back to the 8 or 21 ema, I'm going to watch for a TC pattern". But these typically unfold in a few bars, and don't warrant loosing sleep on the "what if scenarios"
Alternatively (to setting the alarms), one could just get up at 3AM if you choose... Don't worry about missing trades, they will come to you, just focus on quality of trades....
I trade in the EST in the USA, and I have a day job. I check the charts when my bar closes at 11PM (I use InterbankFX Demo for charts in MT4). I will then look at the major pairs and anticipate any TC's that may occur. I don't typically trade CT's, so I don't care if the market moves countertrend. Looking for TC's is relatively easy if you study the market motion/rhythym. I then look at the indicator (note that there is a little number beside the bar on the MACD to the right). This is the number of pips to turn the indicator in the direction of the potential TC (assuming we are in a pull back). I will then (at 11PM) set an alarm if it's something that I wouldn't mind being awaken in the middle of the night for. The alarm is simply the current price +/- the "little number". I personally like the bars at 11PM/3AM/7AM etc, since the 3AM coincides with the European opening, which tends to have some action, and thus the TC maybe forming at or around that time. 2AM EST is typically dead, or "market noise" between the Asia and European closing/opening...
Additionally if a market is trending and we're not in a pull back, you could set an alarm with the anticipation of "if xx/yy pair pulls back to the 8 or 21 ema, I'm going to watch for a TC pattern". But these typically unfold in a few bars, and don't warrant loosing sleep on the "what if scenarios"
Alternatively (to setting the alarms), one could just get up at 3AM if you choose... Don't worry about missing trades, they will come to you, just focus on quality of trades....
Ryanmcd,
Your GBPUSD chart is from GMT+0 MT4, right? Today the first 4 hr TC signal happened at 3am EST in GMT+0 MT4, then at 5am EST in GMT+2, and then at 6am EST in GMT+1. I felt that first TC signal always show up in different time, Maybe 1am, 2am, 3am, 5am, 6am, 7am, 9am, 10am or 11am EST in differnt time zone MT4, so it's good to keep three different time zone MT4 for refrence. You mentioned in post 11350 that you don't like to trade at 2am EST, and will trade your own time zone. I'm curious that what is your time zone you most to trade, and when you start to check 4 hr signal by your experience. I am so nervous to miss the signals, so I always start to check signals form 1am EST in three MT4 platforms. Did I do the good way, or not necessary. Thaks for your advice.
Jenny
- #11,429
- Feb 7, 2008 11:29am Feb 7, 2008 11:29am
- Joined Jul 2007 | Status: Screw Long Term 5min For Life! | 1,259 Posts
Keep taking CT trades, I need more money 
- #11,431
- Feb 7, 2008 11:52am Feb 7, 2008 11:52am
- | Joined Apr 2007 | Status: Trader | 1,126 Posts
look at my post in some pages ago and whats happend right now.exactly the same thing happend but i didnt cath it and went to usdjpy and burned.
- #11,440
- Feb 7, 2008 2:24pm Feb 7, 2008 2:24pm
1) Different pair 2) it was already in a strong down move 3) it paused there for several 1 hour bars and almost came back up to it giving a very clear signal 4) e/u broke trendline support.... etc,etc... If you want to: jump in, my point is the motion is unclear. Trend line is up. Price hasn't closed below 200, MA's are mixed up (8 and 21 above 89)....
It's your money, go for it.... I would like it more for a short if it would retrace up get the MA's in order, then coma back down to close below the 200, then come back to the 200 with another TC signal.... then go short...
(and all the MA's in place)... (i.e. 8 below the 21 and 21 below the 89, that's motion). This pair is iffy....
But that MACD bounced downt from 0 point makes me mad
If i stay out of that trade i will see tomorrow great waterfall...and if i take it now, my stop will be hit by morning
4X is the biggest casino in the world...Open 24h Monday to Friday.