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Peaks and Valleys (Trading Naked)

  • #481
  • Apr 7, 2008 2:35pm Apr 7, 2008 2:35pm
Today was NZD/USD
  • #482
  • Apr 8, 2008 12:30pm Apr 8, 2008 12:30pm
eur/cad seems good for a sell................especially with H & S too.
  • #483
  • Apr 15, 2008 11:17am Apr 15, 2008 11:17am
Is there a way of getting a line chart of average price in MT4?

Thanks
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #484
  • Apr 15, 2008 4:48pm Apr 15, 2008 4:48pm
Quoting TradeStar
Is there a way of getting a line chart of average price in MT4?

Thanks
is this what you are looking for?
http://www.forexfactory.com/showpost...0&postcount=91
  • #485
  • Apr 15, 2008 6:34pm Apr 15, 2008 6:34pm
Great. Thanks. this would work. I can do a SMA of avg price and will get the desired line graph.

Thanks

Quoting pipiolo
is this what you are looking for?
http://www.forexfactory.com/showpost...0&postcount=91
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #486
  • Apr 29, 2008 1:39am Apr 29, 2008 1:39am
Really nice to have discovered this
great thread, Kevin!

Very nice!

Thanks again,

Brent
  • #487
  • Jun 1, 2008 9:49pm Jun 1, 2008 9:49pm
Hi all

One quick question just to get this thru my head once and for all.

we are using a 1 sma set to close. now the question

do we enter on a break of the last peak or valley according to the 1 sma close price or is the high or low of the candle that forms the peak or valley of the 1 sma and then set our s/l to a high/low of the prev 1 sma peak or valley.

very basic i know but i want to clear up how swingtrader65 and kharvell or any of the experienced guys do this.

cheers and thanks in advance for any help
  • #488
  • Jun 2, 2008 12:23am Jun 2, 2008 12:23am
Its 1 sma set to median price HL/2. I personally set my stops at the low of the candle, but I think others use the sma.
Quoting zorroz
Hi all

One quick question just to get this thru my head once and for all.

we are using a 1 sma set to close. now the question

do we enter on a break of the last peak or valley according to the 1 sma close price or is the high or low of the candle that forms the peak or valley of the 1 sma and then set our s/l to a high/low of the prev 1 sma peak or valley.

very basic i know but i want to clear up how swingtrader65 and kharvell or any of the experienced guys do this.

cheers and thanks in advance for any help
FF journal: Peaks and Troffs
  • #489
  • Jun 2, 2008 12:48am Jun 2, 2008 12:48am
Thanks Bogus, is the entry at the break of the hi/lo of the candle or the break of the sma peak or valley
  • #490
  • Jun 2, 2008 4:24pm Jun 2, 2008 4:24pm
I use lower timeframes for entry to get in before the break of the high and pay attention around the high or low about to be broken. Its all about support and resistance. I don't like using the sma break as an entry, but thats just me. The best part of this system is adding to your positions. Its about using a confluence of things.i.e. pivots fibs, sup & res, trendlines etc and making a decision.
Hope this helps, Bogus
Quoting zorroz
Thanks Bogus, is the entry at the break of the hi/lo of the candle or the break of the sma peak or valley
FF journal: Peaks and Troffs
  • #491
  • Jun 2, 2008 6:46pm Jun 2, 2008 6:46pm
Quoting bogus
I use lower timeframes for entry to get in before the break of the high and pay attention around the high or low about to be broken. Its all about support and resistance. I don't like using the sma break as an entry, but thats just me. The best part of this system is adding to your positions. Its about using a confluence of things.i.e. pivots fibs, sup & res, trendlines etc and making a decision.
Hope this helps, Bogus
thanks very much bogus, it does indeed

happy trading
  • #492
  • Jul 14, 2008 2:46am Jul 14, 2008 2:46am
HI KEVIN..how'r u..thanks for sharing us such a simplest system but profitable if we used it in the right way and time..i went throught ur pdf file and i understand it since it's simple and short but comprehensive.
anyway,kevin,i'm a little confuse at putting (buy and sell)pending order in both direction 3 or 5 pips just above or bellow peaks and valley...practically,what if both buy and sell order has been trigered due to market volotility while we're profiting in one direction only...
ur explanation is much appreciated.or anyone else could answer this for me??thank u
  • #493
  • Jul 14, 2008 4:11am Jul 14, 2008 4:11am
Quoting hilmiy2k
HI KEVIN..how'r u..thanks for sharing us such a simplest system but profitable if we used it in the right way and time..i went throught ur pdf file and i understand it since it's simple and short but comprehensive.
anyway,kevin,i'm a little confuse at putting (buy and sell)pending order in both direction 3 or 5 pips just above or bellow peaks and valley...practically,what if both buy and sell order has been trigered due to market volotility while we're profiting in one direction only...
ur explanation is much appreciated.or anyone else could answer this for me??thank u
With any strategy using pending orders this could occur...

Probably the best thing is to remove pending orders when there could be a high volatiility market (NFP)
  • #494
  • Jul 14, 2008 4:42am Jul 14, 2008 4:42am
Quoting hilmiy2k
HI KEVIN..how'r u..thanks for sharing us such a simplest system but profitable if we used it in the right way and time..i went throught ur pdf file and i understand it since it's simple and short but comprehensive.
anyway,kevin,i'm a little confuse at putting (buy and sell)pending order in both direction 3 or 5 pips just above or bellow peaks and valley...practically,what if both buy and sell order has been trigered due to market volotility while we're profiting in one direction only...
ur explanation is much appreciated.or anyone else could answer this for me??thank u
Let me answer to this one. In such cases it's better to place the orders at a certain distance in pips. I'm forward testing this strategy, for a while by now and one of my rules is to place the pending orders at a minimum distance of 50 pips, and also I've increased to about 10 pips (sometimes 11, or 12) above/bellow the most recent peak/valley. In this way you are somehow protected by the ranging markets, and spikes.
Also, before news I move the pending orders to about 20 pips above/bellow the most recent peak/valley. For the open orders, before the news, if they are in profit (above or equal 15 pips), I move the SL to BE and increase the TP.
If you have other questions, feel free to ask them, because I've spent the last months optimizing this method and I think I've done a good job.
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #495
  • Jul 16, 2008 2:16am Jul 16, 2008 2:16am
Cornelius,
1. Would you mind sharing your best practice for this method ?
2. Did you consider placing 2 PO around peak/valley points ? placing buy & sell for every P&V point will allow us to win even when the market retraces from its previous high / low.
Thanks,
Dani M
  • #496
  • Jul 16, 2008 5:15am Jul 16, 2008 5:15am
Quoting dan_mir
Cornelius,
1. Would you mind sharing your best practice for this method ?
2. Did you consider placing 2 PO around peak/valley points ? placing buy & sell for every P&V point will allow us to win even when the market retraces from its previous high / low.
Thanks,
Dani M
Hello, Dan!
Please be more specific about your questions. My entry strategy, is the one I wrote it above.
About SL's and TP's I wrote them about in another post in this thread. Please take a look backward.
Best regards!
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #497
  • Jul 16, 2008 6:45am Jul 16, 2008 6:45am
Quoting Cornelius
Hello, Dan!
Please be more specific about your questions. My entry strategy, is the one I wrote it above.
About SL's and TP's I wrote them about in another post in this thread. Please take a look backward.
Best regards!
Hi,
is this quote correct ? place the pending orders at a minimum distance of 50 pips, and also I've increased to about 10 pips (sometimes 11, or 12) above/bellow the most recent peak/valley
  • #498
  • Jul 16, 2008 6:55am Jul 16, 2008 6:55am
Quoting dan_mir
Hi,
is this quote correct ? place the pending orders at a minimum distance of 50 pips, and also I've increased to about 10 pips (sometimes 11, or 12) above/bellow the most recent peak/valley
The distance between a buy stop order and a sell stop order, it's better to be 50 pips. Sometimes it works, sometime it doesn't. But, in this way the orders have some room to breath and they do not overlap.
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #499
  • Aug 17, 2008 3:52pm Aug 17, 2008 3:52pm
Anyone trading this system anymore?
  • #500
  • Sep 1, 2008 3:27am Sep 1, 2008 3:27am
This system is traded by the pros, who rarely answers questions,
it too easy and it works..
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