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  • #1,521
  • Jun 11, 2008 1:44am Jun 11, 2008 1:44am
Quoting Oksana17
Where do You guys usually keep Your stoplosses?
I put them +/- 1 pip above/below the IB on the majors. On the GBPJPY I would use more because it's a cross and more volatile (I don't play it myself though, only majors) - maybe 3-4 pips or something like that.
  • #1,522
  • Jun 11, 2008 2:01am Jun 11, 2008 2:01am
Quoting Trumpcard
hi guys, just an observation I've realised (quite obvious now with hindsight):

When entering a trade on the 1H timeframe, take a look at the 4HR chart to see if there is any conflict. For example, yesterday, just after Open, there was a break to the downside of the USD/JPY 0700 GMT bar. It stopped out then reversed direction. However, around the same time was a great 4hr IB with price trending above the WEEK'S open, giving further weight to go long. So, perhaps it would be wise to check the higher timeframes to see what's happening before enteriong on the lower ones!


My 2 trades from yesterday were decided this way. IB formed (1H) and PA dancing around Daily Open.... Put the order short or long? Dilemma... A quick look at the 4H cleared my mind...

MTF trading is nice (Not WTF trading....)

Cheers!

HT
Many share my views with me. But I don't share them with them...
  • #1,523
  • Jun 11, 2008 2:17am Jun 11, 2008 2:17am
Hello all, My first live trade on cable, closed half position and now 2nd hit sl. thanks
  • #1,524
  • Jun 11, 2008 2:21am Jun 11, 2008 2:21am
Quoting usdivers
Great job! Thanks for all the work!
Your welcome
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  • #1,525
  • Jun 11, 2008 2:22am Jun 11, 2008 2:22am
Quoting rpasupathy
(5)It enters between a certain time(this is where You can make it trade during a specific time, for example, only during LondonOpen).

I've coded it just as I understood it.
Hope You guys like it.
Hello Oksana,

Thanks a lot for the EA.

I just want to trade only after London opening to close . What is that I need to give in the parameters.

Thanks a lot... Cheers[/quote]

In the imputs, change "StartTradingHour" and "EndTradingHour". I thought that the parameter names were understandable.

Cheers...
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  • #1,526
  • Jun 11, 2008 2:23am Jun 11, 2008 2:23am
Quoting jarroo
aaahh sure.
Okay...I will
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  • #1,527
  • Jun 11, 2008 2:31am Jun 11, 2008 2:31am
Cheers NAL I'll try that out
FF journal: Peaks and Troffs
  • #1,528
  • Jun 11, 2008 2:33am Jun 11, 2008 2:33am
well, here it is another session...I can't trade as I'm at work, but I am watching it to learn as things play out. my observations today are that the EUR is the hot hand at this point out of the eur, swissy and pound. They are all insync meaning the gbp and eur are up vs the dollar, and the swissy is down. (general daily trend, not hourly bars). With the EUR being the hot hand, and the price currently above yesterdays close, at this point, I would be waiting for the IB to form for the long signal...however, with the past two or so days being down, maybe one would need to have a better look at the weekly trend, along with trend lines or other supporting evidence for the long. the current hourly bar is an iside bar at the moment. I would say that with yesterdays strong move, we could see a bit of a fibo retrace here before the trend continues down, if that is to be the case, at which point we would have obtained our profits anyways on the long signal before the reversal happened. I would set my stop at BE on the second lot open, once I took my 1:1 profit. This would keep me ahead should the sell-off continue on..... p.s. I finally got out of half of my freaking hedge so hopefully we only go up from here to clear out the other half. that is is for now, I guess talking about it like this helps to clarify for myself, as well as sets in stone as if I were to be able to take the trade. lets wait and see. its funny how the market makers seem to have shaken out the clear longs that everyone was talking about a week ago. Its funny what a week of whip-sawing with do to the masses predictions.
  • #1,529
  • Jun 11, 2008 3:23am Jun 11, 2008 3:23am
Quote
well, here it is another session...I can't trade as I'm at work, but I am watching it to learn as things play out. my observations today are that the EUR is the hot hand at this point out of the eur, swissy and pound. They are all insync meaning the gbp and eur are up vs the dollar, and the swissy is down. (general daily trend, not hourly bars). With the EUR being the hot hand, and the price currently above yesterdays close, at this point, I would be waiting for the IB to form for the long signal...however, with the past two or so days being down, maybe one would need to have a better look at the weekly trend, along with trend lines or other supporting evidence for the long. the current hourly bar is an iside bar at the moment. I would say that with yesterdays strong move, we could see a bit of a fibo retrace here before the trend continues down, if that is to be the case, at which point we would have obtained our profits anyways on the long signal before the reversal happened. I would set my stop at BE on the second lot open, once I took my 1:1 profit. This would keep me ahead should the sell-off continue on..... p.s. I finally got out of half of my freaking hedge so hopefully we only go up from here to clear out the other half. that is is for now, I guess talking about it like this helps to clarify for myself, as well as sets in stone as if I were to be able to take the trade. lets wait and see. its funny how the market makers seem to have shaken out the clear longs that everyone was talking about a week ago. Its funny what a week of whip-sawing with do to the masses predictions.

That is exactly my stand.

we should either expect consolidation or temporal trend reversal bcoz of the move on EU and GU yesterday, both met their respective tgt 1 and 2
  • #1,530
  • Jun 11, 2008 3:24am Jun 11, 2008 3:24am
did anyone else take this IB? daily is showing a strong pin bar and the one hour IB just broke down.
  • #1,531
  • Jun 11, 2008 3:49am Jun 11, 2008 3:49am
Quoting darewood
did anyone else take this IB? daily is showing a strong pin bar and the one hour IB just broke down.
The IB Your'e taking about...my lows were exactly the same level.
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  • #1,532
  • Jun 11, 2008 3:57am Jun 11, 2008 3:57am
Quoting Oksana17
The IB Your'e taking about...my lows were exactly the same level.
To me it's valid enough if it's at the same lows. It was a breakout of the small range in the morning followed by a retracement in form of the IB or in Oksana's case TMLTB (TwoMatchingLowsTrendBreakout, look at James16 thread for more info), so I think it was a good trade. It's against the trend though, but it looks good for now as oil is going up.
  • #1,533
  • Jun 11, 2008 4:02am Jun 11, 2008 4:02am
nice trade Darewood! good to see that the daily PB's low has been taken out.
  • #1,534
  • Jun 11, 2008 4:06am Jun 11, 2008 4:06am
Quoting Trumpcard
nice trade Darewood! good to see that the daily PB's low has been taken out.
Should be free trade now
  • #1,535
  • Jun 11, 2008 4:07am Jun 11, 2008 4:07am
Quote
well, here it is another session...I can't trade as I'm at work, but I am watching it to learn as things play out. my observations today are that the EUR is the hot hand at this point out of the eur, swissy and pound. They are all insync meaning the gbp and eur are up vs the dollar, and the swissy is down. (general daily trend, not hourly bars). With the EUR being the hot hand, and the price currently above yesterdays close, at this point, I would be waiting for the IB to form for the long signal...however, with the past two or so days being down, maybe one would need to have a better look at the weekly trend, along with trend lines or other supporting evidence for the long. the current hourly bar is an iside bar at the moment. I would say that with yesterdays strong move, we could see a bit of a fibo retrace here before the trend continues down, if that is to be the case, at which point we would have obtained our profits anyways on the long signal before the reversal happened. I would set my stop at BE on the second lot open, once I took my 1:1 profit. This would keep me ahead should the sell-off continue on..... p.s. I finally got out of half of my freaking hedge so hopefully we only go up from here to clear out the other half. that is is for now, I guess talking about it like this helps to clarify for myself, as well as sets in stone as if I were to be able to take the trade. lets wait and see. its funny how the market makers seem to have shaken out the clear longs that everyone was talking about a week ago. Its funny what a week of whip-sawing with do to the masses predictions.

That is exactly my stand.

we should either expect consolidation or temporal trend reversal bcoz of the move on EU and GU yesterday, both met their respective tgt 1 and 2
  • #1,536
  • Jun 11, 2008 4:23am Jun 11, 2008 4:23am
Thanks for the ea. Could you kindly send the source code too?

R

Quoting Oksana17
Hello everybody!
I've coded an update to "Jarroo".
---
What is does(it is attached):
(1)Draws rectangular boxes for inside bars(past and present); You can set the length of the box(left-to-right), and the color of the box.
(2)It enters only on the bar that has it's previous bar made up of an inside bar(IB).
(3)It contains Lots,StopLoss,TakeProfit,and TrailingStop(value and true/false pick) all to be configurable.
(4)You can set StopNReverse true/false(if true, then only on the bar that has it's previous bar made up of an inside bar(IB)).
(5)It enters between a certain time(this is where You can make it trade during a specific time, for example, only during LondonOpen).
(6)It draws text on the top-middle screen(the current date and time); You can set the color of it.
---
I've coded it just as I understood it.
Hope You guys like it.
  • #1,537
  • Jun 11, 2008 5:09am Jun 11, 2008 5:09am
Is USDJPY a shorting candidate below 107.37 according to DIBS method now?

Cheers
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #1,538
  • Jun 11, 2008 5:22am Jun 11, 2008 5:22am
Its nice to see when someone else is on the same page ;-)
Quoting Naijafx
That is exactly my stand.

we should either expect consolidation or temporal trend reversal bcoz of the move on EU and GU yesterday, both met their respective tgt 1 and 2
  • #1,539
  • Jun 11, 2008 5:34am Jun 11, 2008 5:34am
All,
Are you looking to take the break of only IB's that occur within the trading period i.e 06:00 GMT to 15:00 GMT or is it considered to take one that has developed before trading period has started i.e. overnight.
  • #1,540
  • Jun 11, 2008 5:59am Jun 11, 2008 5:59am
Quote
well, here it is another session...I can't trade as I'm at work, but I am watching it to learn as things play out. my observations today are that the EUR is the hot hand at this point out of the eur, swissy and pound. They are all insync meaning the gbp and eur are up vs the dollar, and the swissy is down. (general daily trend, not hourly bars). With the EUR being the hot hand, and the price currently above yesterdays close, at this point, I would be waiting for the IB to form for the long signal...however, with the past two or so days being down, maybe one would need to have a better look at the weekly trend, along with trend lines or other supporting evidence for the long. the current hourly bar is an iside bar at the moment. I would say that with yesterdays strong move, we could see a bit of a fibo retrace here before the trend continues down, if that is to be the case, at which point we would have obtained our profits anyways on the long signal before the reversal happened. I would set my stop at BE on the second lot open, once I took my 1:1 profit. This would keep me ahead should the sell-off continue on..... p.s. I finally got out of half of my freaking hedge so hopefully we only go up from here to clear out the other half. that is is for now, I guess talking about it like this helps to clarify for myself, as well as sets in stone as if I were to be able to take the trade. lets wait and see. its funny how the market makers seem to have shaken out the clear longs that everyone was talking about a week ago. Its funny what a week of whip-sawing with do to the masses predictions.

That is exactly my stand.

we should either expect consolidation or temporal trend reversal bcoz of the move on EU and GU yesterday, both met their respective tgt 1 and 2
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