"The Pip Nailer". Any time frame, any pair | Page 27 | Forex Factory

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"The Pip Nailer". Any time frame, any pair

  • #521
  • Apr 11, 2008 2:37am Apr 11, 2008 2:37am
Quoting lillelise
morning...until now i have had good luck with dashboard 1,4
where can I find t ver??
  • #522
  • Apr 11, 2008 2:40am Apr 11, 2008 2:40am
post 353
StopLoss is for none belivers... Trust the Gurus..
  • #523
  • Apr 11, 2008 2:43am Apr 11, 2008 2:43am
but dont trust the signal completly...check it before you sell/buy noticed it sometimes give you wrong signal..where you have to do oposite what it says
StopLoss is for none belivers... Trust the Gurus..
  • #524
  • Apr 11, 2008 2:54am Apr 11, 2008 2:54am
Quoting lillelise
but dont trust the signal completly...check it before you sell/buy noticed it sometimes give you wrong signal..where you have to do oposite what it says
post 353 @ pg 24...


but how will we know the signal given is right or wrong signal??

thx

sonic
  • #525
  • Apr 11, 2008 2:59am Apr 11, 2008 2:59am
you have to look at the sar .on the chart
sometimes dashboard say sell..but check the sar..and see ifs right

i had 2-3 positions yesterday..that i first noticed later when it was too late
StopLoss is for none belivers... Trust the Gurus..
  • #526
  • Apr 11, 2008 3:15am Apr 11, 2008 3:15am
made 268 pips last 24 hours
StopLoss is for none belivers... Trust the Gurus..
  • #527
  • Apr 11, 2008 3:21am Apr 11, 2008 3:21am
Quoting lillelise
made 268 pips last 24 hours
##################################################

paper or real? :-)
  • #528
  • Apr 11, 2008 3:27am Apr 11, 2008 3:27am
on the demo...gonna test it hole next week...gonna treat it like real account.
i use ema 60 and 200 + stoc also...

i made 32 positions in 24 hour...
StopLoss is for none belivers... Trust the Gurus..
  • #529
  • Apr 11, 2008 4:51am Apr 11, 2008 4:51am
Quoting lillelise
you have to look at the sar .on the chart
sometimes dashboard say sell..but check the sar..and see ifs right

i had 2-3 positions yesterday..that i first noticed later when it was too late
Yeah, SwingMan did say it is a work in progress, so always confirm manually!
  • #530
  • Apr 11, 2008 5:00am Apr 11, 2008 5:00am
i had some bad losses...if i had used SL i would have been able to gain maby 100 pips more...and i took alomst all signals from 5m and up,,just to check what will happend...
StopLoss is for none belivers... Trust the Gurus..
  • #531
  • Apr 11, 2008 5:03am Apr 11, 2008 5:03am
seems like it works pretty good for scalping 4-10 pips
StopLoss is for none belivers... Trust the Gurus..
  • #532
  • Apr 11, 2008 6:00am Apr 11, 2008 6:00am
Quoting Charles
##################################################

paper or real? :-)
Lol, if it was real he'd have outdone me on my own system!
  • #533
  • Apr 11, 2008 8:45am Apr 11, 2008 8:45am
Quoting forexmoments
Hi Andrew,

To quickly answer your questions,

The typical news to avoid are the ones in RED in the Forex Factory Calendar. Fundamental analysis is important because when looking at a particular country's economic / political situation it is possible to get a general idea of where the market may be heading.

Fibs and S/R are the main additional tools I use when trading. I advise you to learn these and apply them if you don't do already.

Hope this helps.

hi ash,

just to ask, when you say news to avoid, do u mean u dont trade the whole day or do u mean u dont open any trades for that currency pair 30min before and 30 min after e news.

based on fundamental analysis, if u think a pair is a buy, but if u have a signal to sell, will u take the signal?

as for the Fibs and S/R, do u use them for profit projection and stoploss? if so could u elabrate abit?

i m so sorry for taking up ur time, but i would like to get into the thought process u use to trade.

thanks again for ur kind help,
Andrew
  • #534
  • Edited 9:55am Apr 11, 2008 9:03am | Edited 9:55am
Quoting lillelise
made 268 pips last 24 hours
Did you use a particular TF?

SwingMAn, in your dashboardequity ATR is set at 20, 30 periods?
  • #535
  • Apr 11, 2008 10:13am Apr 11, 2008 10:13am
Quoting ince07
hi ash,

just to ask, when you say news to avoid, do u mean u dont trade the whole day or do u mean u dont open any trades for that currency pair 30min before and 30 min after e news.

based on fundamental analysis, if u think a pair is a buy, but if u have a signal to sell, will u take the signal?

as for the Fibs and S/R, do u use them for profit projection and stoploss? if so could u elabrate abit?

i m so sorry for taking up ur time, but i would like to get into the thought process u use to trade.

thanks again for ur kind help,
Andrew
Fundies (i don't mean news spikes) are not important in the lower timeframes. In the Daily and upwards, they are more important. If the general trend is down, (you can also use SMA) then this is a reflection of the fundamental state of that pair.

As for news spikes, sorry yeah, I meant half an hour before and half an hour after... need to let the dust settle.

Yes, I use fibs and S/R as profit projections and turning points. I can't stress this enough. If you don't use them, you are missing out on the magic of trading. There are plenty of threads here on Fibs/S&R, frankly it's beyond the scope of this thread. Remember, the Pip Nailer isn't my main system, I designed it for people who want a simple, clean cut, mechanical, out of the box system.

I might start free education webinars soon for everyone who wants some help in their trading, so be on the look out for that in the Summer perhaps.

Cheers.
  • #536
  • Apr 11, 2008 11:50am Apr 11, 2008 11:50am
Quoting metatsock
SwingMAn, in your dashboardequity ATR is set at 20, 30 periods?
I have previously written: ATR period = 21.
  • #537
  • Apr 11, 2008 2:48pm Apr 11, 2008 2:48pm
Aud/Cad 15m and 5m at the same time. Since on the 15m the open was same as low i jus twatched it and exited when iw as up some pips.
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  • #538
  • Apr 11, 2008 2:57pm Apr 11, 2008 2:57pm
just noticed the green line that i used to mark entry was wrong lol. disregard the green line.
  • #539
  • Apr 11, 2008 5:31pm Apr 11, 2008 5:31pm
BTW ive never had a a false signal on 1.4? where the psar wasn't hit? only time i've had it a wrong signal if i switched 'shift signals 1' to 0 and the ao/ac repaints on me.
  • #540
  • Apr 12, 2008 10:30am Apr 12, 2008 10:30am
Anyone catch the USD/CAD on the Hourly yesterday?
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