I understand now and pls do inform about any update.
Alnames.
it will be nice of u to post ur graph here..if there is any potential trade!! so that we all can share!!!
sonic
- #61
- Edited 7:55am May 5, 2008 7:40am | Edited 7:55am
- | Commercial User | Joined Mar 2008 | 9,071 Posts
it will be nice of u to post ur graph here..if there is any potential trade!! so that we all can share!!!
sonic
- #62
- May 5, 2008 9:10am May 5, 2008 9:10am
- | Commercial User | Joined Mar 2008 | 9,071 Posts
SHORT USD/CHF @1.0520
http://i27.tinypic.com/izynol.gif
* betting against USD
* only small lot with tight SL /TP
sonic
* D1 TF says LONG...even though H4 TF is SHORT...
* LAG1 <0.85 and Lag 2 still @ 1...no reason to SHORT
* Control Emotion
sonic
- #64
- May 5, 2008 1:26pm May 5, 2008 1:26pm
- | Joined Oct 2007 | Status: Condemned to success | 60 Posts
SHORT GBP/USD H4 1.9735
TP +50 pips hit.. half of profit taken!!
another half using trail stop +25
Hi Sonic,
Do you had tried the lag's entry-based but in lower TF?
I mean, wait for a oz signal in 4h TF, but, only enter when the red lag in 5M starting to go in our direction?
The Jacko's Anti Hedge is a powerfull tool too.
... and u can use the lispa2mtf with alert e-mail for not be glued to screen.
Just an idea.
Good work sonic
- #65
- May 5, 2008 8:47pm May 5, 2008 8:47pm
- | Commercial User | Joined Mar 2008 | 9,071 Posts
Hi Sonic,
Do you had tried the lag's entry-based but in lower TF?
I mean, wait for a oz signal in 4h TF, but, only enter when the red lag in 5M starting to go in our direction?
The Jacko's Anti Hedge is a powerfull tool too.
... and u can use the lispa2mtf with alert e-mail for not be glued to screen.
Just an idea.
Good work sonic
Can attach the Lispa2mtf indicator??
Please post any feedback and pro/con of it??
As for me I am very busy with my personal commitments for the time being...
sonic
Hey Sonic,
Sorry to bother you at work earlier.......I just wanted to share a thought about the lost trade below.
From my observations of the chart, I would not have gone short as price is below the blue line of the COG in 4h tf. I have never traded live, nor have I actually been consistently profitable in demo. Still learning like yourself and many others. I don't mean to second guess your approach, it's just that from visually backtesting the COG it seems that it is safest to sell above blue line and buy below blue line.
Not sure how accurate backtest of COG is though.
Only my suggestion......hope it helps!
Sorry to bother you at work earlier.......I just wanted to share a thought about the lost trade below.
From my observations of the chart, I would not have gone short as price is below the blue line of the COG in 4h tf. I have never traded live, nor have I actually been consistently profitable in demo. Still learning like yourself and many others. I don't mean to second guess your approach, it's just that from visually backtesting the COG it seems that it is safest to sell above blue line and buy below blue line.
Not sure how accurate backtest of COG is though.
Only my suggestion......hope it helps!
SL hit -60 pips...
* D1 TF says LONG...even though H4 TF is SHORT...
* LAG1 <0.85 and Lag 2 still @ 1...no reason to SHORT
* Control Emotion
sonic
- #67
- Edited 10:02pm May 5, 2008 9:51pm | Edited 10:02pm
- | Commercial User | Joined Mar 2008 | 9,071 Posts
Hey Sonic,
Sorry to bother you at work earlier.......I just wanted to share a thought about the lost trade below.
From my observations of the chart, I would not have gone short as price is below the blue line of the COG in 4h tf. I have never traded live, nor have I actually been consistently profitable in demo. Still learning like yourself and many others. I don't mean to second guess your approach, it's just that from visually backtesting the COG it seems that it is safest to sell above blue line and buy below blue line.
Not sure how accurate backtest of COG is though.
Only my suggestion......hope it helps!
http://i27.tinypic.com/izynol.gif
Nice suggestion u have,,, We shorted USD/CHF @ 1.0520 based on OzFX H4 signal. (I didn't obey Imram rule)
If we follow the COG BLU rule... We would wait till the price go up till 1.059 region than short.
The USD/CHF is 1.0496 now..
can u do more test and take positions according to the rule?? Back testing may not that reliable as COG repaint itself...
We will check if it can filter bad trade!! (if it can,
)We will confirm the rules before we make it final...
sonic
- #68
- Edited 10:58pm May 5, 2008 10:35pm | Edited 10:58pm
- | Commercial User | Joined Mar 2008 | 9,071 Posts
- #69
- Edited 3:09am May 6, 2008 1:39am | Edited 3:09am
- | Commercial User | Joined Mar 2008 | 9,071 Posts
- #71
- May 6, 2008 5:39am May 6, 2008 5:39am
- | Joined Oct 2007 | Status: Condemned to success | 60 Posts
LISPA2MTF attached
See details here. You can set the lag alert in any TF.
http://www.forexfactory.com/showpost...6&post=1957606
See u sonic!
See details here. You can set the lag alert in any TF.
http://www.forexfactory.com/showpost...6&post=1957606
See u sonic!
http://i27.tinypic.com/izynol.gif
Nice suggestion u have,,, We shorted USD/CHF @ 1.0520 based on OzFX H4 signal. (I didn't obey Imram rule)
If we follow the COG BLU rule... We would wait till the price go up till 1.059 region than short.
The USD/CHF is 1.0496 now..
can u do more test and take positions according to the rule?? Back testing may not that reliable as COG repaint itself...
We will check if it can filter bad trade!! (if it can,
We will confirm the rules before we make it final...
sonic
Ok, sounds good. I am currently taking positions using AO/stochastic, with ema cross indicator, and ozfx + aes signals, and COG as filter. If I correctly uploaded the screenshot from this morning's trade you can see how the COG seems to work as a good filter for the signals. In the picture *hope this attached*, you can see how signals from ema cross, oz + aes can be ignored if signaling a buy but price is above blue line in COG. I took a trade on this chart *demo* last evening for a short and just closed it at 40+ pips. It will likely continue to fall (this screen shot is from current -ie, at close, not when I took trade), but the daily is indicating a rise in price.
I have studied ozfx, imran, etc. and while far from personaly being regularly profitable yet, the COG seems to be to me one of the most useful tools that I have found.
I will continue to advise you regarding my success with this.
Continued good luck to you!
Qui-gon
Ok....I am not familar with that "hi/lo" indicator. But if it is helpful I would definitely be interested. I really think that trading when the price reaches the green (or better, orange) outer bands of the COG (with stochastic hopefuly transitioning from overbought/sold and also some candle indication of a potential reversal) should work theoretically. I just need to spend this week making disciplined trades doing it. Of course the preference would be to go with the trade as opposed to against it.
As a side note, I am looking at a technique that a FF member named "Tiki Trader" is using regarding the 5 ema.
I will attempt to add a link to his post concerning this:
http://www.forexfactory.com/showpost...&postcount=712
Cheers
ps. have you had any success using any of the ozfx EA's to trade for you? I have not had good profit's yet with DCG's EA (although have not used it much) and therefore continue to look for a solid strategy for manual trading.
As a side note, I am looking at a technique that a FF member named "Tiki Trader" is using regarding the 5 ema.
I will attempt to add a link to his post concerning this:
http://www.forexfactory.com/showpost...&postcount=712
Cheers
ps. have you had any success using any of the ozfx EA's to trade for you? I have not had good profit's yet with DCG's EA (although have not used it much) and therefore continue to look for a solid strategy for manual trading.
sound gd,,we can share and win together!!
I am trying hi and low to possible indicator that reduce any loss trade!!
sonic
- #77
- May 6, 2008 6:24pm May 6, 2008 6:24pm
- | Commercial User | Joined Mar 2008 | 9,071 Posts
Ok....I am not familar with that "hi/lo" indicator. But if it is helpful I would definitely be interested. I really think that trading when the price reaches the green (or better, orange) outer bands of the COG (with stochastic hopefuly transitioning from overbought/sold and also some candle indication of a potential reversal) should work theoretically. I just need to spend this week making disciplined trades doing it. Of course the preference would be to go with the trade as opposed to against it.
As a side note, I am looking at a technique that a FF member named "Tiki Trader" is using regarding the 5 ema.
I will attempt to add a link to his post concerning this:
http://www.forexfactory.com/showpost...&postcount=712
Cheers
ps. have you had any success using any of the ozfx EA's to trade for you? I have not had good profit's yet with DCG's EA (although have not used it much) and therefore continue to look for a solid strategy for manual trading.
It is profitable (but pls turn it off during Asians Session... 07:00GMT8 to 12:00 GMT8)...as I will gave u lost trades...
Hope it helps!!
sonic
- #78
- Edited 7:53pm May 6, 2008 6:30pm | Edited 7:53pm
- | Commercial User | Joined Mar 2008 | 9,071 Posts
LISPA2MTF attached
See details here. You can set the lag alert in any TF.
http://www.forexfactory.com/showpost...6&post=1957606
See u sonic!
How can we set the alert setting to signal out whenever there is a Buy/SELL on 5 m TF...even though we on the graph on 4H TF ?
I am not so familar with the signal appears...could u post ur graph n xplain??
sonic
- #79
- Edited 10:15pm May 6, 2008 9:29pm | Edited 10:15pm
- | Commercial User | Joined Mar 2008 | 9,071 Posts