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  • #45,161
  • Nov 13, 2008 8:48am Nov 13, 2008 8:48am
Quoting BoredToLoose
Watch Out guys!

Price reach to the pip to my Bottom Symmetric channel, if we close current H4 above 1.2560 we are going to see a very nice up move.
Oil, Dow, watch Out!
Now 1.2558 must be killed then 1.2590, 1.2645 and up he goes!

I am long!

I may be honestly Wrong, but who cares, nobody follows me!
If that 4h candle close where it is I dought about a long. For close of mine is missing 1.13 H
Attached Image (click to enlarge)
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  • #45,162
  • Nov 13, 2008 8:51am Nov 13, 2008 8:51am
Quoting cobraforex
Sorry for the delay, had a fonecall.
Here the indis and TPL.
Cobra... is this your other system, or a new system??? Just playing with the THV and now confused as this may be the way to go?
  • #45,163
  • Nov 13, 2008 8:53am Nov 13, 2008 8:53am
Quoting ak4x
Reason is my 1hr does not show the ma's crossing like your does. Probably borker data feed differences, or ??? I'd like to know... Tell me what you think if you figure it out. The 34 is SMA Close, and the 50 is EMA Close.

Also for grins since you seem to be interested...
I think it is the data feed, I use UK time and you NY time.

And I'm always interested in what you post.
  • #45,164
  • Nov 13, 2008 8:53am Nov 13, 2008 8:53am
Here's my 1hr chart. Not used to posting large Mt4 charts. They're really ugly aren't they? Yuck.

The hours I'm looking at correspond fairly well to the Asian, London, and NY openings or the runups related to them like the frankie session before London. The 0700 and 1200 GMT times caught my eye first and then zoom in on the PA on smaller TF's. I had shaded boxes showing the repeating patterns there (but not on the 1hr chart)

It's not exact, but I've been watching it and trading it this week so far. Just bored I guess with my Accucharts screwing up all week. That's my primary charting deal.

Darn spikes took out some really nice entries.. Done for the morning here. catch you guys later.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1hr ma hits.png Size: 28 KB
FUBAR...
  • #45,165
  • Nov 13, 2008 8:58am Nov 13, 2008 8:58am
Quoting eddiemiller
Cobra... is this your other system, or a new system??? Just playing with the THV and now confused as this may be the way to go?
No, has nothing to do, I'm trading the THV but I always have other candlestick charts open to draw trenlines, S&R etc.
This template that I posted is a set of MA's that AK4X suggested as S&R lines and they work pretty well.
It is only an addition to any system.
  • #45,166
  • Nov 13, 2008 9:04am Nov 13, 2008 9:04am
Quoting cobraforex
If that 4h candle close where it is I dought about a long. For close of mine is missing 1.13 H
Didn't close where I want it! In my MT already closed.
But as long as 1.2472 holds I am in!
  • #45,167
  • Edited 9:37am Nov 13, 2008 9:12am | Edited 9:37am
Quoting A J 4
this is exactly why i want a handheld trading application.

Is anyone using one....??? .. or do you have a broker that has a easy, stable, one, that may work with my older blackberry ( 7130e)
Metatrader4 works on mobile terminals, PDAs and smartphones, as long as they have any of the following operating systems:
Mobiles and PDAs: Windows Pocket PC 2002 or higher
Smartphones: Windows Mobile 2003 Smartphone Edition and later editions

http://www.metaquotes.net/mobile_terminals/
http://www.metaquotes.net/metatrader/smartphone/

I am not 100% sure but I think that Blackberry has its own propietary operating system so wouldn't work with MT4Mobile because the Windows OS is a requirement. Buy anyway there are so many tech tweaks out there that maybe there's a way?

The mobile MT4 platform isn't free (costs $45) but can be downloaded and tried for a week.

I have no idea if another mobile trading platform exists. I only found this info about Oanda (which BTW was especially designed for Blackberrys) but I guess it's only limited to the FX Converter tool:
http://www.mmdnewswire.com/oanda-goe...ar-3162-2.html

Any further infos would be nice to know

Edit: found this info at MG Trading (not limited to an OS, just requiring a web connection):
http://www.mgforex.com/eng/forex-too...bile-forex.htm
Just opened a demo for test purposes and if I can login and place trades from my Nokia 3500 (my screen is a big problem though as it doesn't display all the page, but on appropriate devices it should work fine) anyone can do the same with other web-connected devices It's a little slow on market orders though... keeps requoting so haven't been able to place one, but opened a stop sell and cancelled it and it's all very easy and intuitive.

You could register for a demo to test yours...
  • #45,168
  • Nov 13, 2008 9:21am Nov 13, 2008 9:21am
Quoting 786 trading
Hi AK4,
I think I missed your post about your system.Thanks.
No you didn't... It's not a system as it is a bit fluid and involves some other TF's as well for confirmation. Most importantly, it's also not my primary trading setup. It was just an interesting execise that I saw and as I am very curious about why things do what they do, I look for patterns in that. Anybody is welcome to expand or tweak all that at will.

Basically when PA hits any particular MA, S/R level, fib or pivot, I have to decide what I think about that and do something... or not do something. Enter or Exit. It's not always cut and dried. It depends on the trade, the trend, the session, what part of that session and a dozen other things.

For instance, after I just lost my great EJ entries to that 2nd spike (at profit) I re-entered at a really crummy 120.40 level with a 119.80 TP for 60 pips. Trend is currently down enough (for now) that I expected it to have anough gas for one more round to hit it and 18 minutes later I did. Thats's becuz price is sandwiched in between the 15m 133ema and the 50ema with an inverted hammer 2 candles ago. (Now it broke out and I'm done, cuz I'm not going long today). Can't explain all this really.

I trade for either short term scalp style pips with fixed TP or scale out and hold it. Those are the basics, play with them if you like. My accucharts setup is an entirely different critter and not any part of these posts. It's also broken right now.

Check out the stuff Cobra and Acumen are doing if you're shopping for a new trading grid. They're much smarter than I am. Acumen even shows movies!

Bring your own popcorn.
FUBAR...
  • #45,169
  • Nov 13, 2008 9:21am Nov 13, 2008 9:21am
Quoting ak4x
Here's my 1hr chart. Not used to posting large Mt4 charts. They're really ugly aren't they? Yuck.
The Gann HI-LOW activator makes the chart even more interesting and forms a trading system.
Who wants to know more about it may want to visit this thread:
http://www.forexfactory.com/showthread.php?t=59119
  • #45,170
  • Nov 13, 2008 9:24am Nov 13, 2008 9:24am
Quoting cobraforex
I think it is the data feed, I use UK time and you NY time.
Yes that's true on my accucharts setup, but I thought these mt4 thingys all use GMT, or at least Ibfx does. I'm far from an authority on mt4 tho.
FUBAR...
  • #45,171
  • Nov 13, 2008 9:30am Nov 13, 2008 9:30am
Quoting BoredToLoose
Didn't close where I want it! In my MT already closed.
But as long as 1.2472 holds I am in!
You have been lucky with your trade but I would have been waiting for a confirmation on the next candle for a trade, it hurts too much to give away hard earned pips for a fast trigger finger.

Just my opinion.
  • #45,172
  • Nov 13, 2008 9:32am Nov 13, 2008 9:32am
Hi Cobra



I want to give u 2 thumbs up for the THV. Been trying it with several trades on EU on both demo and live account. Maybe too early to give any comments, but I think it is great.

With the system, I can now ride Up and Down all the way... unfortunately, sometime, countertend..dangerous and risky..but the system give me some ideas. I used it together with my system.

THANKS.
  • #45,173
  • Nov 13, 2008 9:36am Nov 13, 2008 9:36am
Something very odd is going on.. EJ and EU are all in a bother while GY is out cold on the 5m chart...

I'm back to bed for a couple hours. Re-shorted EJ at 120.80 with a big trailer and 200 pip TP. Tight stop above the 15m 200sma at 21.20. No breaky that 30m 89sma.. no climby uppy.

Weird PA tho...
FUBAR...
  • #45,174
  • Nov 13, 2008 9:37am Nov 13, 2008 9:37am
My currrent view on EU
Attached Image (click to enlarge)
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  • #45,175
  • Nov 13, 2008 9:39am Nov 13, 2008 9:39am
Quoting ak4x
Yes that's true on my accucharts setup, but I thought these mt4 thingys all use GMT, or at least Ibfx does. I'm far from an authority on mt4 tho.
I use three different MT4 brokers but only for charts , it is interesting how different are the candlestick formations specialy in the D1.

Hi Doblece, thanks for your info on mobile trading platforms.
ACM and FXsol have mobile platforms as well and you can use them on other than windows based fones (Java based I guess).
Anyhow when I'm out I'm not trading but for longer term traders is a solution.
  • #45,176
  • Nov 13, 2008 9:42am Nov 13, 2008 9:42am
Quoting magictrader
In smaller TF it looks also good for longs. Im waiting for retest of red/green channel then go long.

Yesterdays red dotted channel works perfectly.
Still working...
Attached Image (click to enlarge)
Click to Enlarge Name: 2008-11-13_1615_EU.png Size: 64 KB
  • #45,177
  • Nov 13, 2008 9:43am Nov 13, 2008 9:43am
Quoting mphpopular
My currrent view on EU

mph;


what is DT channel??


thanks
  • #45,178
  • Nov 13, 2008 9:46am Nov 13, 2008 9:46am
Quoting cobraforex
I use three different MT4 brokers but only for charts , it is interesting how different are the candlestick formations specialy in the D1.
I'd noticed that as well when I first started using accucharts and got the ability to set my own trading session times for candles, pivots, and everything else.

I'm thinking that's probably not a big issue tho, as it's only the price I'd be concerned about hitting the MA, just like a pivot or fib and what it does next, regardless of what kind of candle it's part of.

OK out for awhile with this post. Catch up later.
FUBAR...
  • #45,179
  • Nov 13, 2008 9:48am Nov 13, 2008 9:48am
Quoting unicorn7411
mph; what is DT channel??
he moves a'rd alot and may not see your post... I'd expect it means DownTrend channel...
FUBAR...
  • #45,180
  • Nov 13, 2008 9:51am Nov 13, 2008 9:51am
Quoting FXraider
Hi Cobra



I want to give u 2 thumbs up for the THV. Been trying it with several trades on EU on both demo and live account. Maybe too early to give any comments, but I think it is great.

With the system, I can now ride Up and Down all the way... unfortunately, sometime, countertend..dangerous and risky..but the system give me some ideas. I used it together with my system.

THANKS.
To avoid counter trades it is good idea to check on higher TF’s the actual trend, if the 4H candle for ex. shows short, trade only short in 5M for example, you can go wrong only if the main trend changes.
I’m happy that you like the THV, I’s a good system but there is no perfect one, bad trades need to be covered by a good MM.


Forgot: I use a kind of Jacko AH, that means that if I got stopped out on a bad trade I wait till the trend comes back to my direction and enter exactly where I got stopped out, that give me back my pips mostly.
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