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Signals for Simplicity

  • #481
  • Oct 14, 2008 8:21am Oct 14, 2008 8:21am
I have been receiving numerous PM regarding the entry. Obviously a lot are being burned not because of trade direction, it’s the drawdown that is killing them and when they closed their trade then it starts to go the positive. This happens because the confidence level in your system is high, so high that we carelessly just jump into the trade without further investigation. This action will definitely get us burned, we come in at the point that the price is about to retrace, this is one explanation. My method is to enter only when there is a retracement from the trend. I am observing the figure given by the ProfitCalcR3 if it is going up or down when it is going against the trend direction given, for the last 15 min. I will wait for the 30 min candle about to end. Say 1:29, 1:59 or around the time, beginning of the candle is also good. Then I jump on the trade in the direction of the trend. I put on the Profit protect EA immediately. I couldn’t say more about entry. I attached here my Pip Tally spreadsheets of my live FXpro which perhaps you can pick up some telltale sign how I enter trade. I have already closed 7 baskets which are winners and I have the 8th going also in positive territory and very little drawdown.
Julius
Attached File(s)
File Type: xls PipTally10-12-08.xls   181 KB | 15,064 downloads
  • #482
  • Oct 14, 2008 8:52am Oct 14, 2008 8:52am
Julius
Just checking in, nice results!
  • #483
  • Oct 14, 2008 11:47am Oct 14, 2008 11:47am
Quoting trader101
I have been receiving numerous PM regarding the entry. Obviously a lot are being burned not because of trade direction, it’s the drawdown that is killing them and when they closed their trade then it starts to go the positive.
Julius

People, if you are trading live accounts with this and losing you need to step back and only trade demo. ESPECIALLY if you are a noobie. The markets aren't going anywhere there is always tomorrow and the next day.

Y'all need to demo trade until you are confident in your trading decisions and you need to be looking at more than just an indicator. Timing as to when you put the indicator on could have you going in the wrong direction.

The indicator is very powerful if you use it properly. If you are losing then you aren't applying it right.

Once the election is over market conditions will likely get much harder to predict as huge trending ranges will likely dry up. Current volatility is at an ALL TIME high. Don't expect it to continue for ever.

~pip_seeker
  • #484
  • Oct 14, 2008 12:46pm Oct 14, 2008 12:46pm
Quoting pip_seeker
People, if you are trading live accounts with this and losing you need to step back and only trade demo. ESPECIALLY if you are a noobie. The markets aren't going anywhere there is always tomorrow and the next day.

Y'all need to demo trade until you are confident in your trading decisions and you need to be looking at more than just an indicator. Timing as to when you put the indicator on could have you going in the wrong direction.

The indicator is very powerful if you use it properly. If you are losing then you aren't applying it right.
WHICH INDICATOR? profit calc three? profit calc five?setting up a demo IA? The orest indicator? The Franco Excel indicator?
please give me a brief description on how to apply them properly.
Once the election is over market conditions will likely get much harder to predict as huge trending ranges will likely dry up. Current volatility is at an ALL TIME high. Don't expect it to continue for ever.

~pip_seeker
My frustration abounds
  • #485
  • Edited 1:51pm Oct 14, 2008 1:35pm | Edited 1:51pm
Quoting markbcool
My frustration abounds
I've been practice this method for awhile, from my understanding, the best way to start out is trade 1 or 2 pairs only to get the experience how it works
do not use basket trade
Spend more time observe the indicators see how it react

Indicators= I thinks use previous IA proCal3 for Jump pairs
Basket: Use Ores Indicator base on THIS WEEK column Only
Soon the signal start switch give it about 15 mins then get in is a best entry
on Ores indicators' This Week Column , The signal is very strong ,Reliable if it change there's must be someone shake that bottle?

I hope this would help
But, Practice on DEMO First until gain confidents
At least You have to know What you doing
Dont jump in blindly

Hope This help
  • #486
  • Oct 14, 2008 2:35pm Oct 14, 2008 2:35pm
Hmm, is there any advantage to find these dates where the groups are lined up?

Its easy with my software...

Carl
Attached Image (click to enlarge)
Click to Enlarge Name: v18_IBFX.jpg Size: 198 KB
  • #487
  • Oct 14, 2008 2:38pm Oct 14, 2008 2:38pm
Here is the trade, I enter yesterday's morning NY session
unfortunately, it's only a DEMO
LOL
Attached Image (click to enlarge)
Click to Enlarge Name: Basket trade2.JPG Size: 150 KB
  • #488
  • Oct 14, 2008 3:48pm Oct 14, 2008 3:48pm
Quoting markbcool
My frustration abounds

Don't forget to pay attention to actual pip value next to each currency pair in the indicator account. Even though the currency pair positions are in a place that indicates a direction. Don't forget that, that direction can change, and when no currency pairs are moving, or at least moving positions, watch the value of the pips, it could be in a Long position, but retracing, or ranging. I've been in a Sell position since this morning and slowly increasing pips, even though the position of the currency pairs alone says Buy. I'm not using Orest or Crod's sytem yet, just a basic IA. Its either retracing or ranging down within the time I have been in the trade.
  • #489
  • Oct 14, 2008 4:20pm Oct 14, 2008 4:20pm
Quoting Thomas Crown
Don't forget to pay attention to actual pip value next to each currency pair in the indicator account. Even though the currency pair positions are in a place that indicates a direction. Don't forget that, that direction can change, and when no currency pairs are moving, or at least moving positions, watch the value of the pips, it could be in a Long position, but retracing, or ranging. I've been in a Sell position since this morning and slowly increasing pips, even though the position of the currency pairs alone says Buy. I'm not using Orest or Crod's sytem yet, just a basic IA. Its either retracing or ranging down within the time I have been in the trade.
Yeah,
This Morning Signal is down
Due to taking profit
Signal is switch now, go long
  • #490
  • Oct 14, 2008 5:15pm Oct 14, 2008 5:15pm
Yep. Its going Long! It's trippy how clearly you can see it! Right now I'm manually doing everything, to train myself and its still very easy to see where its going.
  • #491
  • Oct 14, 2008 5:18pm Oct 14, 2008 5:18pm
Quoting LaTeCoMeR
Yeah,
This Morning Signal is down
Due to taking profit
Signal is switch now, go long
I am going to check how consistent a short signal is during the mornings and days. I cleared 1235 pips from 6 a.m. to 2:30 L.A. time
  • #492
  • Edited 6:42pm Oct 14, 2008 6:23pm | Edited 6:42pm
Quoting markbcool
My frustration abounds

The simple answer is find one that works for you. Take notes as to what works and what doesn't. [How do you make a cheezit?... it's simple really!]

pay attention to what price is doing on the charts. Don't just blindly follow an indicator.

You learn from past mistakes... or I should say "Hopefully" you learn....
  • #493
  • Oct 14, 2008 6:26pm Oct 14, 2008 6:26pm
Quoting Thomas Crown
I am going to check how consistent a short signal is during the mornings and days. I cleared 1235 pips from 6 a.m. to 2:30 L.A. time
I think, The best signal start at each session
if you live in usa then watch NY the rest of the day is totally quite
  • #494
  • Edited Oct 15, 2008 5:30am Oct 14, 2008 7:20pm | Edited Oct 15, 2008 5:30am
Thanks for that T101 - I think that's one of the clearest explainations you've given us!! So you've actually taken 7 baskets already this week? So, the achors have changed 7 times already?

I would like to write an idicator that marks each date and time the anchors change and have it email me. When I'm disciplined enough to wait for the anchor change, I make money...but I don't have enough time at night to figure out the pair trading yet, but I'd be happy with 1 basket trade a day making a net 50 pips - which I'm more than sure I can do.

Thanks again for sticking with us and helping us out.


edit: Looks like Carl beat me to writing that script...thank God !!

Quoting trader101
I have been receiving numerous PM regarding the entry. Obviously a lot are being burned not because of trade direction, it’s the drawdown that is killing them and when they closed their trade then it starts to go the positive. This happens because the confidence level in your system is high, so high that we carelessly just jump into the trade without further investigation. This action will definitely get us burned, we come in at the point that the price is about to retrace, this is one explanation. My method is to enter only when there is a retracement from the trend. I am observing the figure given by the ProfitCalcR3 if it is going up or down when it is going against the trend direction given, for the last 15 min. I will wait for the 30 min candle about to end. Say 1:29, 1:59 or around the time, beginning of the candle is also good. Then I jump on the trade in the direction of the trend. I put on the Profit protect EA immediately. I couldn’t say more about entry. I attached here my Pip Tally spreadsheets of my live FXpro which perhaps you can pick up some telltale sign how I enter trade. I have already closed 7 baskets which are winners and I have the 8th going also in positive territory and very little drawdown.
Julius
  • #495
  • Oct 15, 2008 4:26am Oct 15, 2008 4:26am
Quoting LaTeCoMeR
Here is the trade, I enter yesterday's morning NY session
unfortunately, it's only a DEMO
LOL

pls can you attach the script that opened the trades for you,thanks
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #496
  • Oct 15, 2008 8:29am Oct 15, 2008 8:29am
Quoting pip_seeker
The simple answer is find one that works for you. Take notes as to what works and what doesn't. [How do you make a cheezit?... it's simple really!]

pay attention to what price is doing on the charts. Don't just blindly follow an indicator.

You learn from past mistakes... or I should say "Hopefully" you learn....
You misunderstood my question.

In the previous post you said


"The indicator is very powerful if you use it properly. If you are losing then you aren't applying it right."

.
I inferred from that statement that you are using an indicator successfully.

You didn't say which indicator.

So please tell me which indicator you are using and how you are setting it up
Also examples of your successful trades would be a big help as well.
OR if you aren't having success please tell us you are still paper trading.
Thanks
Mark
  • #497
  • Oct 15, 2008 9:21am Oct 15, 2008 9:21am
Quoting lordgbengs
pls can you attach the script that opened the trades for you,thanks
Here is The Scripts or you can click on paper clip icon on top right of this page you can find all the files you need

Have fun with it

Kevin
Attached File(s)
File Type: mq4 TradeHedge.mq4   2 KB | 425 downloads
File Type: mq4 T101_v1.11_orest.mq4   30 KB | 466 downloads
File Type: mq4 TradeHedgeSELLALL101Script.mq4   2 KB | 458 downloads
File Type: mq4 TradeHedgeBUYALL_v4.mq4   3 KB | 449 downloads
  • #498
  • Oct 15, 2008 10:09am Oct 15, 2008 10:09am
tnx for the indicator, i appreciate it
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #499
  • Oct 15, 2008 10:16am Oct 15, 2008 10:16am
The Tide is about to change from LONG to Short for Basket Trade
I can Sense it now, according to Ores's indicator weekly column


Happy Trading
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Oct 15.JPG Size: 139 KB
  • #500
  • Oct 15, 2008 10:26am Oct 15, 2008 10:26am
Quoting lordgbengs
tnx for the indicator, i appreciate it
Just wanna let you know, Do not forget the main keys
Support & Resistant
Fundamentals analysis can override all
Trend (Jump Pairs) This give you high probability trades
I, Myself like to trade Jump pairs on live account
Basket trade on demo for fun until I completely have a good record then I .....

Good Luck
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