DislikedLook at the monthly candle 3800+ pips and not done yet. Simply crazy...Ignored
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #125,762
- Oct 23, 2008 11:13pm Oct 23, 2008 11:13pm
I should have left my shorts from 175 or even better 197 for checking pip number. That would nice to take the screen shot for the future generations 
Do not follow my trades. Trade what you see on your own charts.
- #125,763
- Oct 23, 2008 11:13pm Oct 23, 2008 11:13pm
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
I wont recommend u this but for me is quite logic
yen index monthly chart
I've created your system on MT4 and been working on it for some days. Although Your StochRsi is little bit different from mine but I tried to make it as similar to yours as possible using RSI and EMA's.
I feel quite confident with this indicators combination you are using. I'm sure this system is easy and reliable. I just don't know the exact circumstances when you get a reliable long or short signal ... I've found places which seem to be a nice and profitable long or short signal but another exactly similar situations could be found that meet the same criteria but they are false signals and cause big losses.
I just wanted to ask you a favor to explain me some about your trades on the chart and show me graphically when do you enter or exit why (if any) you hold your position and stay in trade.
For example if you open a H1 chart with your system, you see that few hours ago (25 - 26 hours ago) there was a cross both on StochRsi and momentum indicators at the bottom but price never went above EMA 34 (red line) and still continues it's downtrend.
BTW I have a chart with similar template you are using made in MT4 platform.
I would be grateful if you would clear these up for me.
Thanks
Discipline + Patience - Fear - Greed = Success
- #125,767
- Oct 23, 2008 11:19pm Oct 23, 2008 11:19pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
This calls falling knife
- #125,768
- Oct 23, 2008 11:21pm Oct 23, 2008 11:21pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
what happens if we get a bull's day tomorrow and next week all the way up to 189? nice monthly pin bar wouldn't you say?
- #125,771
- Oct 23, 2008 11:22pm Oct 23, 2008 11:22pm
what happens if we get a bull's day tomorrow and next week all the way up to 189? nice monthly pin bar wouldn't you say?
Do not follow my trades. Trade what you see on your own charts.
- #125,773
- Oct 23, 2008 11:23pm Oct 23, 2008 11:23pm
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
well not yet apperently
i will continue this game to 151 so one more buy here 15210 and another at 15110
below 151 will close all trades and call this a day because i will lose 300pips
then i will shutdown my PC and go for a walk.
Have a nice weekend everyone
i will continue this game to 151 so one more buy here 15210 and another at 15110
below 151 will close all trades and call this a day because i will lose 300pips
then i will shutdown my PC and go for a walk.
Have a nice weekend everyone
- #125,774
- Oct 23, 2008 11:24pm Oct 23, 2008 11:24pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
gn all. going to bed. happy pipping.
- #125,775
- Oct 23, 2008 11:25pm Oct 23, 2008 11:25pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
bears aren't giving up too easily today
I realy like to show you the pattern, but I have no chart-software here.
You see the last 4 h bullish candle ? The bearish candle after the bullish and the second bearish candle after the bullish candle. These three 4 h candles are a major bearish pattern. The pattern was complete at the time the second bearish candle closes below the first bearish candle.
There is no bottom, it will drop 148. If it goes lower, my longterm scenario comes into play
- #125,776
- Oct 23, 2008 11:27pm Oct 23, 2008 11:27pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
well not yet apperently
i will continue this game to 151 so one more buy here 15210 and another at 15110
below 151 will close all trades and call this a day because i will lose 300pips
then i will shutdown my PC and go for a walk.
Have a nice weekend everyone
- #125,779
- Oct 23, 2008 11:36pm Oct 23, 2008 11:36pm
- Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts
gn all. going to bed. happy pipping.
