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  • #941
  • Nov 12, 2008 12:27pm Nov 12, 2008 12:27pm
375 up right now on oanda but they have frozen!! hope I get out ok
Attached Image (click to enlarge)
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  • #942
  • Nov 12, 2008 12:30pm Nov 12, 2008 12:30pm
Quoting ayoneeyee
Thanks for this Tip. I'm trading all 14 pairs long term on Oanda, but I close my trades daily, can't sleep without no SL or TP. All I look at daily is my weekly and daily IAs and the Basket indicator, then take my trade in the direction of the indicator and daily IA - Like the short rally early this morning - I got in around 5AM ET, then re-entered again around 9:30AM ET. Men, my Basket is filled up with PIPs. Thank T101 -I CAN'T forget you. Now I look like I know what i'm doing in Forex.
Ayoneeyee can i PM you?
  • #943
  • Nov 12, 2008 12:36pm Nov 12, 2008 12:36pm
hi
you attach the profit chart to a daily chart ?
thanks
Quoting ayoneeyee
Thanks for this Tip. I'm trading all 14 pairs long term on Oanda, but I close my trades daily, can't sleep without no SL or TP. All I look at daily is my weekly and daily IAs and the Basket indicator, then take my trade in the direction of the indicator and daily IA - Like the short rally early this morning - I got in around 5AM ET, then re-entered again around 9:30AM ET. Men, my Basket is filled up with PIPs. Thank T101 -I CAN'T forget you. Now I look like I know what i'm doing in Forex.
  • #944
  • Nov 12, 2008 12:42pm Nov 12, 2008 12:42pm
Quoting markbcool
375 up right now on oanda but they have frozen!! hope I get out ok
How's it going? Hope you got out fine. Mine on oanda, too. No freezing and just got out +400 pips. Are you using SL or you babysit the trade? Cause I'm thinking to use SL and go for the long term, you know, with what happened to T101 and all. Tough to keep playing short term by babysitting the trade while my demo that I kept running SHORT for days showing big profit and less stress. Just can't see any other way to protect profit using Oanda platform.
  • #945
  • Nov 12, 2008 1:08pm Nov 12, 2008 1:08pm
I came back up for a few minutes and was able to move most SLs to break even. it topped at 414 while it was up briefly.
using 1.5% of account per pair.

i have a default of 100 pips on each pair just in case this kind of thing does happen, I won't be wiped out. I then adjust the stops or weed out the non profits.
i think I will have to trade IB from now on, this is not good for the heart.
markbcool

EDIT: wooh
oo BACK UP AND PROFIT AT $500 AS OF 2.09 ny TIME
  • #946
  • Nov 12, 2008 1:58pm Nov 12, 2008 1:58pm
Out slightly under $400.00 OandA had tech problems.

Note the divergence between the basket bars and the FxSniper (thick white lines
entry and exit in thin red lines.
Attached Image (click to enlarge)
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  • #947
  • Nov 12, 2008 4:26pm Nov 12, 2008 4:26pm
Quoting imad
hi
you attach the profit chart to a daily chart ?
thanks

My ProfitCalc and Basket Indicator are on my weekly chart on IBFX platform, I just look at the indicators in the morning before leaving for work, they give me the general trend direction, but I base my trade decisions on my daily IA, if about 5 Sells are at the top and 5 buys below, then i'm looking for opportunity to go short, I like to take my trade after there is a retracement according to one of T101's guideline about timing. It takes patience, you need it.
  • #948
  • Nov 12, 2008 4:28pm Nov 12, 2008 4:28pm
Quoting LisbonHugo
Ayoneeyee can i PM you?
Ok
  • #949
  • Nov 12, 2008 6:19pm Nov 12, 2008 6:19pm
Quoting ayoneeyee
My ProfitCalc and Basket Indicator are on my weekly chart on IBFX platform, I just look at the indicators in the morning before leaving for work, they give me the general trend direction, but I base my trade decisions on my daily IA, if about 5 Sells are at the top and 5 buys below, then i'm looking for opportunity to go short, I like to take my trade after there is a retracement according to one of T101's guideline about timing. It takes patience, you need it.
What is your definition for retracement?I mean how do you find them?

Thanks
Mike
Failure, is a wonderful teacher!
  • #950
  • Nov 12, 2008 7:07pm Nov 12, 2008 7:07pm
Quoting trader101
I am using Oanda demo account for my Long Term Trading. At the beginning of the day candle, i check the profitchart for the position of the two line. One of the line must be pointing up and the other is pointing down. Very simple the line that points up is my trade direction.

I opened this Oanda demo 4 weeks ago and been trading this not regular, usually starting at Tuesday night(Asian) and let the trade goes the whole day. With that set up I am now tripling the account.

To those that have regular work this is the most ideal setup for you guys. You have to learn to trade this way. It is profittable believe me.
Hello T101, there are something that i am not clear. I guess you check the ProfitChart on the Daily TF on a MetaTrader, right? What MT4 broker? I know different broker have different daily candle. So you watch profitchart on one of MT4 but take trade on Oanda? Sorry for my stupidity.
Thank you.
  • #951
  • Nov 12, 2008 8:41pm Nov 12, 2008 8:41pm
Quoting mike1349
What is your definition for retracement?I mean how do you find them?

Thanks
Mike

Looking at the Basket indicator - this is one indicator I use a lot now. If the indicator shows Short on a 1HR and 3HRs TFs, but it's long on a 5M or 15M TFs, I consider that as retracement, then I wait for it go in the direction of the major TFs, before taking any trade. I also, look at my daily IA for indication of retracement for more confirmation before taking any trade. This is my opininon of retracement on this method, it's not perfect though.
  • #952
  • Nov 13, 2008 2:08pm Nov 13, 2008 2:08pm
So quiet.. Everyones busy collecting pips? Topping up the thread.

2:31 EST
LONG Rally of about 20 minutes netted about 2,781 pips. Anyone else got it?
Julius
  • #953
  • Nov 13, 2008 2:25pm Nov 13, 2008 2:25pm
Long Rally is still in order...
  • #954
  • Nov 13, 2008 2:37pm Nov 13, 2008 2:37pm
Quoting trader101
I am using Oanda demo account for my Long Term Trading. At the beginning of the day candle, i check the profitchart for the position of the two line. One of the line must be pointing up and the other is pointing down. Very simple the line that points up is my trade direction.
I opened this Oanda demo 4 weeks ago and been trading this not regular, usually starting at Tuesday night(Asian) and let the trade goes the whole day. With that set up I am now tripling the account.
To those that have regular work this is the most ideal setup for you guys....

Please Julius I do not understand this term---At the beginning of the day candle, i check the profitchart for the position of the two line. One of the line must be pointing up and the other is pointing down. Very simple the line that points up is my trade direction.

Which line? Sorry if the question is unexpected.
  • #955
  • Nov 13, 2008 2:48pm Nov 13, 2008 2:48pm
It is still on the LONG Rally but im to tired to wait for it for more pips so i collected the 800 pips and stay on the side.

AJE-- See attached chart
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  • #956
  • Nov 13, 2008 3:14pm Nov 13, 2008 3:14pm
Quoting trader101
It is still on the LONG Rally but im to tired to wait for it for more pips so i collected the 800 pips and stay on the side.

AJE-- See attached chart
Master,I am very grateful.
  • #957
  • Nov 13, 2008 3:26pm Nov 13, 2008 3:26pm
Quoting greenfx08
Hello T101, there are something that i am not clear. I guess you check the ProfitChart on the Daily TF on a MetaTrader, right? What MT4 broker? I know different broker have different daily candle. So you watch profitchart on one of MT4 but take trade on Oanda? Sorry for my stupidity.
Thank you.
I understand that brokers have a different opening and closing time. Because of this, discrepancies in their charting occurs especially at the market start on Sundays. Using one broker chart and trade on another broker is not a good practice during this time of the market start. Hence, i was requiring a settling-in period in the original IA mentioned in the old thread. I notice this charts of different brokers normally start to syncronize at about 8 to 12 hours from the start of the market. On Tuesday night when i start trading with Oanda, the chart of all brokers are already synchronize.

Maybe the start of the day candle from one broker is different from the others, however based on my observation it doesnt make much of a difference at that point in time. Reason why i dont mind using the IBFX day candle when trading Oanda platform. Hope this helps
Julius
  • #958
  • Edited 3:42pm Nov 13, 2008 3:41pm | Edited 3:42pm
Quoting trader101
So quiet.. Everyones busy collecting pips? Topping up the thread.

2:31 EST
LONG Rally of about 20 minutes netted about 2,781 pips. Anyone else got it?
Julius

Men! 2,781 pips, that's awesome. I got in on the LONG rally around 3pm NY time, made about 1500 pips. I'm still HAPPY, at least i'm improving daily.

Ayo.
  • #959
  • Nov 13, 2008 3:53pm Nov 13, 2008 3:53pm
Quoting ayoneeyee
Men! 2,781 pips, that's awesome. I got in on the LONG rally around 3pm NY time, made about 1500 pips. I'm still HAPPY, at least i'm improving daily.

Ayo.
To catch big fish must use a bigger hook. Thats the secret. Wait for the statement by Friday so youll know the basket size use to collect this pips.
LOL
  • #960
  • Nov 13, 2008 6:00pm Nov 13, 2008 6:00pm
Can anyone direct me to the thread that I can get profitgragh 101 which is illustrated in post 955. Much appreciated in advance.
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