Supernova GBP/JPY Mini Trend Catcher

I've probably read a hundred or more books on TA over the years back in the days when I used to trade indices and stocks, before I stumbled upon the beautiful world of forex!

Andy

Sorry, tis week cant concentrate on trading. My mother ask me to go bak hometown. By the way, this is the trade iwent on by today. Plz teach me if i can earn more pips in this trade. TQ very much.

Thanks Aeneas!!

Hallo mph!

You entered quite a long time after the long signal, but you were right about that, as it first looked like a fake signal.
Then the news kicked in and you got on board in a good position and rode it up to the top. It was also a good decision to leave the trade there, as you never know about a continuation right there and the Yen pairs normally retrace a bit, as it is happening on the AUDJPY and NZDJPY right now already.
So this trade looks really good in both a considerate entry and also an exit "just in time".
What is it about your mother sending you back? Where to? Will you not have Internet there?

Hope you are fine - the trade was just that!
Ciao!
Gnat - Matt

Gnat you are right. I'm going back my hometown by thursday. whereby i succeed to postpone one day... Cause my mother haven't saw me since a few months. So, when she call me to go bak, i feel guilty to say no.

And the internet over there, u will sad to see it. If you trying to sign in MSN. it will apparently take you more than 5 minutes.

Gnat, one more question, i seems to be very boring when i'm waiting for the signal in front my table. I only opened 2 charts , GJ and EJ 15min TF. Am i a bit stupid?

Edit: I juz wan to ask, is it some one putting nicer LONG and SHORT wave song as the signal? ( did not mean to say the song no nice...) If you don't mind toshare your song. Juz send it to my mail...devin_fx@hotmail(dot).com

Juz an example. Plz fix me if there is mistake. I wish NOFX can fix me on this, i deeply feel tat he is a experienced manual trader. His one word = five forex books that i read. This is the 2nd trade by me today.
Abit stupid. staying infront computer for 6 hours. and only 2 trade

Sad.

Hunting for big move. Wish can get one today

Comment0=SuperNova EA (Glenn) v1.7 Beta14 [07 Mar 2008]
Comment1=SuperNova discussion thread : http://www.forexfactory.com/showthread.php?t=44216
GeneralParms=General Parameters
FixedLots=1.00000000
Slippage=3
HideStopAndTakeProfit=0
Stoploss=13
Takeprofit=5
Space0=
RiskManagementParms=---- Risk Management variables ----
UseRiskManagement=0
RiskPercent=0.00000000
UseATRBasedStop=1
StopLossMultiplier=2.00000000
UseATRBasedTakeProfit=0
TakeProfitMultiplier=2.00000000
TrailingStop=0
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TrailingStopMultiplier=2.00000000
UsePyramiding=0
PyramidRiskPercent=1.00000000
UseScaleOutProfit=0
UseProgressiveScaleOutProfit=0
ScaleOutProfitPercent=50.00000000
TempCom2=Begin - The following inputs have not been implemented yet
UseScaleOutLoss=0
ScaleOutLossMultiplier=2.00000000
ScaleOutLossPercent=50.00000000
TempCom3=End - The following inputs have not been implemented yet
Space1=
Null1=---- Entry variables ----
EntryOnVolume=0
EntryOnDamiani=0
EntryOnDMI=0
EntryOnMomentum=0
EntryOnCCI=0
EntryOnT3=0
EntryOnJuice=0
EntryOnLaguerre=0
EntryOnLaguerreCross=0
EntryOnPSar=0
MaxShiftfromQQECross=999
AllowReEntry=0
Null2=---- Period variables ----
QQE_SF=1
QQE_RSI_Period=14
QQE_DARFACTOR=4.23600000
QQE_Exit_SF=1
QQE_Exit_RSI_Period=14
QQE_Exit_DARFACTOR=4.23600000
DMI_Period=14
Mom_Period=10
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T3_Periods=8.00000000
T3_VolumeFactor=0.70000000
Juice_Proximity=0.95000000
PSAR_Step=0.04000000
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PSAR_Precision=7.00000000
Laguerre1_Gamma=0.65000000
Laguerre2_Gamma=0.85000000
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Null3=---- Exit variables ----
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Comment3=Values For ExitTimeFrame (0,1,5,15,30,60,240,1440,10080,43200)
Comment4=0 = Current Chart Timeframe
Comment5=This Applies To All Indicators except QQE
ExitTimeframe=0
Comment6=This Applies To Only QQE
ExitTimeframeQQE=0
Null4=---- Threshold variables ----
CCIThreshold=100
VolumeThreshold=400
DamianiThreshold=1.40000000
LaguerreLONGEntry=0.15000000
LaguerreSHORTEntry=0.85000000
LaguerreLONGExit=0.85000000
LaguerreSHORTExit=0.15000000
Null5=---- Time variables ----
StartTime=0
EndTime=24
Null6=---- Confirming TImeframe Variables ----
Comment7=Values For ConfirmingTimeframe (0,1,5,15,30,60,240,1440,10080,43200)
Comment8=0 = Current Chart Timeframe
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ConfirmingTimeframe=0
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UseReactivePipsFilter=0
ReactivePipsFilter=5
UseSlopeFilter=0
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SameBarReverseTrade=0
UserComment=Default Settings
MagicNumber=1111

I want to make the EA to make a minimum daily profit. I use it on 5min TF GJ. I wan to set the TP is 5 pips. and SL is 13 pips(include spread 7pip). Am i doing it correctly? Gnat, any coder feel free to help me, I having problem understanding a few of the variable inside the code. Example ReactiveExit, ATrBaseStop.

1More trade.

Hallo mph!

I hope you can return after some days or a wek or two and then keep up the trading. Maybe you have caught the nice upward move in the GBPJPY just now and you can cheer up! I will look into other sounds, I guess Finnfx has some different things and I will ask him about it on Skype later on.

And waiting for trades is really nothing bad. You actually do not have to be glued to the screen with the odd sounding alerts all the time, but it is a good way to get used to the moves of those two pairs you are monitoring. If you trade profitable there is no need to trade "often". Just coherently and good!

I will be looking at your charts now!
Be back in a bit!
Ciao!
Gnat

The "on chart analysis" is really good. The Heiken Ashi bars showed that there was something brooding there, but not yet decided what and where.

You will be able to control yourself within some practice time. Your self analysis and the use of the NOFX technique is really good, now you only have to learn to wait and also to really keep the good signals from the halfwaygood and "buaeh" signals!

Good work!

Gnat

Good and solid

Gnat. Thank you very much...

By the way, is it some one can tell me what time is the LONDON session start and end?

mphpopular,

London times are 08:00 -17:00 GMT

This web site maybe of help, it gives you all the trading times

http://www.forexmarkethours.com/

Noel.

Signal good, but indicators make me late

Anyone using the FFcal indicators (for the news one). I wan to know, is it enough juz by see ing the news posted by the indicators. Cause i knew that, there is still many economic reports coming out but the indicators does not list it out.

Hi Andy,

Sorry for the delay in posting my thanks! Cheers mate! I ordered a few more books (apart from the ones you mentioned) on amazon and hoping they will come in today. I guess I'll be nose deep in pages for the next few months but i want to make sure I understand and can apply TA. It seems like it's quite an important aspect of trading even when you are doing it with very simple to follow systems like supernova!

Gnat, I'll make you proud mate and you better have a gold star for me when I succeed

=RS=

I've read dozens of books over the years, well over a hundred I would guess. There's not a huge amount left to learn after the first dozen or so (if they're the right dozen!) as the core principles of trend-following and finding points of support and resistance are well established.

I would also recommend Market Wizards and also The New Market Wizards, both by Jack Schwager, in which he interviews a dozen or so traders.

What will become clear is that a huge amount of success is down to your management of trades and how well you handle losses (more to the point, how quickly you cut them). A great book for this is The Disciplined Trader by Mark Douglas

Happy reading!

mphpopular, first, your english is just fine. This coming from someone who is totally incapable of learning any other language.

Secondly, congratulations on your quick learning curve and your well put together charts and posts. If I could email you high-speed internet you would have it in a heatbeat and good luck with your travels.

Proposal: you teach me how to trade and I will help you with the language stuff

Gnat, just great thoughtful, helpful posts. I would upload a photo of the etype if I knew how to upload to this thread.

Cheers all