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Trend Follower 5 Minute System

  • #2,061
  • Sep 17, 2008 4:57am Sep 17, 2008 4:57am
Thanks for that...just wanted to be sure I did it all correct.
I got out of the JPY short that was placed 50 mins ago because it went north.
I know now from your post on the EUR that the JPY trade was correct but also went wrong.
Thanks again
  • #2,062
  • Sep 17, 2008 4:57am Sep 17, 2008 4:57am
Sorry the post was to you not Verto
  • #2,063
  • Sep 17, 2008 5:01am Sep 17, 2008 5:01am
Quoting Stephan13
Anyone in the eur/usd trade to go long 25 mins ago & and just stopped out.
Also the JPY going short but again not going anywhere?

I would like to know what I have done wrong?
You could not been stoped out on EUR/USD long because you must set stop loss 5 pips + spread below recent low. If is this more than 20-25 pips and you dont want to pass that trade decrease lots.
You did not do nothing wrong just you must accept that you CAN NOT win all the time.
So you stop loss must be around 1.4194. I have IBFX broker so there can be some other quotations on your platform.
  • #2,064
  • Sep 17, 2008 5:03am Sep 17, 2008 5:03am
Quoting pilatus
You could not been stoped out on EUR/USD long because you must set stop loss 5 pips + spread below recent low. If is this more than 20-25 pips and you dont want to pass that trade decrease lots.
You did not do nothing wrong just you must accept that you CAN NOT win all the time.
So you stop loss must be around 1.4194. I have IBFX broker so there can be some other quotations on your platform.
My stop on this trade is at 1.42, but something deep inside is telling me it will get hit. I don't know. haha. I stopped trusting feeling deep inside me every since that one night that ..xxxxxxxx... with xxxx like ..xxxxx.. 20.... girls.....xxx

Forgive my comedy.
  • #2,065
  • Sep 17, 2008 5:05am Sep 17, 2008 5:05am
Quoting Stephan13
Thanks for that...just wanted to be sure I did it all correct.
I got out of the JPY short that was placed 50 mins ago because it went north.
I know now from your post on the EUR that the JPY trade was correct but also went wrong.
Thanks again
I do not see any VALID signal for EUR/JPY short or long????
Can you post that signal please?
  • #2,066
  • Sep 17, 2008 5:20am Sep 17, 2008 5:20am
I took the short on the red arrow down where the Lagueerre peaked then dropped below .75.
It is about 75 mins ago
Attached Image
  • #2,067
  • Sep 17, 2008 5:26am Sep 17, 2008 5:26am
Pilatus how happy are you with ibfx,coz i was thinking to open my account with them,ta
  • #2,068
  • Sep 17, 2008 5:27am Sep 17, 2008 5:27am
EJ is range bound right now, hasn't been going anywhere.
  • #2,069
  • Sep 17, 2008 5:28am Sep 17, 2008 5:28am
Quoting Stephan13
I took the short on the red arrow down where the Lagueerre peaked then dropped below .75.
It is about 75 mins ago
This is not VALID signal. Look Guppy. Green are above red lines. Should be opposite. Red above green for short and red below green for long. Guppy are heart of this system.
Sorry did not see that your guppy are ok. Well mine are oposite. Dont know what to tell you???? Just be careful when you place stop loss.
  • #2,070
  • Sep 17, 2008 5:31am Sep 17, 2008 5:31am
Quoting mattpajek
Pilatus how happy are you with ibfx,coz i was thinking to open my account with them,ta
I am not very happy with them. Find another one. Go on "forexpeacearmy" site and see which one is good. I am looking now to transfer money to some other broker.
  • #2,071
  • Sep 17, 2008 5:32am Sep 17, 2008 5:32am
You are absolutely right if you look at my post the chart colours are correct but somehow I have downloaded the wrong chart.
I have now fixed it.
An expensive mistake on my part.
Thanks for your time.
  • #2,072
  • Sep 17, 2008 5:34am Sep 17, 2008 5:34am
Quoting mattpajek
Pilatus how happy are you with ibfx,coz i was thinking to open my account with them,ta
no complaints with ibfx here.
  • #2,073
  • Sep 17, 2008 6:17am Sep 17, 2008 6:17am
so Verto would you recomend them and have you experienced any ``re-quoted``prices during the trade,ta
  • #2,074
  • Sep 17, 2008 6:29am Sep 17, 2008 6:29am
The EA gave another long on eur/usd, looks like another false signal . this time the laguerre did not pass the 0.15 from below like before and again i ask how critical it is for the signal? because if it similar to rsi then taking long above 50 is a good trade most of the time using the rsi.
  • #2,075
  • Sep 17, 2008 7:33am Sep 17, 2008 7:33am
MACD signal seems to make me miss more good trades than Laguerre, no ?

Anyway, thanks a lot TheWicker. I haven't tested it for a long period yet, but your systems seems to be very promising.
  • #2,076
  • Sep 17, 2008 7:40am Sep 17, 2008 7:40am
Quoting mattpajek
so Verto would you recomend them and have you experienced any ``re-quoted``prices during the trade,ta
I have only been with them for about 4 months now. So far I haven't had any major requotes... sometimes when the market is flying it will requote but it warns you. I set my pip deviation to zero so I might get more than those who have 2+
  • #2,077
  • Sep 17, 2008 7:57am Sep 17, 2008 7:57am
entered EURUSD LONG 1.4235, GOLD LONG 783.80 (red lines)

both look like valid signals.

problem with EURUSD signal perhaps is that its too close to key LONG lines to take. its been struggling staying over 1.4200 now for some hours and even touched the pivot.

GOLD isnt taking the bait very well either, was looking to get 787.10 out of it, but 786.60 was all it could do for me and now its just chilling at around 780. on bigger timeframes i think both LONG right now is worthwhile strategy, even if they dont make it today.

comments welcome.
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  • #2,078
  • Sep 17, 2008 8:53am Sep 17, 2008 8:53am
wow can someone explain to me what did gold just do? (SPOT GOLD <XAU=> RALLIES MORE THAN 2 PCT TO ABOVE $800/OZ AS DOLLAR WEAKENS, OIL RALLIES - TRADE)

anyway. TF signal won. but boy do i feel stupid for setting that TP to 787.................
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  • #2,079
  • Sep 17, 2008 1:23pm Sep 17, 2008 1:23pm
many false signals today although the big move finally occured. i dont know if some who took all the loses today stayed for the move which was actually too late in trading day for the system i believe. looking at the system for the last week , there are just too many false signals like you would expect from a 5min system. from osme reason i cant upload the GBP/USD picture
  • #2,080
  • Sep 17, 2008 2:25pm Sep 17, 2008 2:25pm
GPBUSD couple hours ago. nice, eh? too bad i didnt have the window open when it occured. just a bad beat day for me, missing some huge moves.
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