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Tkpower8 ATM

  • #1,221
  • Jan 7, 2009 10:15pm Jan 7, 2009 10:15pm
Quoting forexweasel
one more time...

well I guess you just have to click to open it, thats the best I can do with the screenshot key
Thanks for the template.
If you save your picture as a jpeg it will show up on the page.
Barry
  • #1,222
  • Jan 7, 2009 11:10pm Jan 7, 2009 11:10pm
Quoting Piotr1
Thank You .Was not sure about this candle.
That Doji started life as a blue and got chased down the next candle was an entry. IMHO
  • #1,223
  • Jan 7, 2009 11:13pm Jan 7, 2009 11:13pm
Quoting Jmc
Two candles earlier was the signal...I think.
I give you best about the dojis in general but not the signal. Unless of course my old eyes cannot hack it any longer.

Or did you mean the two blues?
  • #1,224
  • Jan 7, 2009 11:30pm Jan 7, 2009 11:30pm
Quoting forexweasel
OK, here's one where I got boned. Stopped out for -20 pips. First ATM long signal after the M15 went over 20. Here's the sad part. Usually when I'm up 10 (which I was) I change my stop to +2 that way, can't lose. This time I said to myself give it room to breath, go for a bigger move....doh! This took the smile off my face.
Foxy, I need private lessons. There looked to be enough available there.

And after all your talk about small takes! Well I can only say that I am disappointed in you.

The Magenta dotted line. Does that do anything for us?
I have been watching the thick green one earlier and it is just following the 20 line.
  • #1,225
  • Jan 8, 2009 12:58am Jan 8, 2009 12:58am
Quoting Piotr1
Thank You .Was not sure about this candle.
1-21sma ,2 -8sma ,3 ????
  • #1,226
  • Jan 8, 2009 1:27am Jan 8, 2009 1:27am
Quoting Piotr1
My losing trades.Comments welcome.
Hi, piotr1, where about was your trade taken
  • #1,227
  • Jan 8, 2009 2:31am Jan 8, 2009 2:31am
I took the trade where the ellipses is. Max drawdown on this one was -5pips. I kept moving my stops, once to breakeven when I was +10 and then 4-5pips as price moved in my direction. I ended up getting stopped out at +24.5pips.
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  • #1,228
  • Edited 3:58am Jan 8, 2009 3:17am | Edited 3:58am
I'm not struggling with the system here, it seems to work good, I'm just struggling with being disciplined. The last day I've made 4 trades. 3 were winners and one was a loser. I wanted to share my loser and lessons I hopefully I learned for the last time. I also would like to hear any additional advice about this bad trade.

Vertical lines mark the exit and entry points.

LESSONS:
- Exit early with small loss or profit, when price doesn’t go the way expected in the first couple of bars and definitely after a reverse.
- Give up HOPE. Don’t hold on to a losing position when I start Hoping the price will go back. Recognize this rational and use it as an exit trigger.
- Recognize after two higher highs and higher lows the movement is now in the other direction. Hey maybe even after one the exit should be made.
- Recognize Psych Levels. This bounced off 1.5000.
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  • #1,229
  • Jan 8, 2009 3:56am Jan 8, 2009 3:56am
Quoting redpine
I'm not struggling with the system here, it seems to work good, I'm just struggling with being disciplined. The last day I've made 4 trades. 3 were winners and one was a loser. I wanted to share my loser and lessons I hopefully I learned for the last time. I also would like to hear any additional advice about this bad trade....
Lessons sound like the ones to learn. Can't comment on the trade, I cannot see the chart - too zoomed out for my poor old eyes. Sorry
  • #1,230
  • Jan 8, 2009 4:00am Jan 8, 2009 4:00am
Quoting jdcompute
I took the trade where the ellipses is. Max drawdown on this one was -5pips. I kept moving my stops, once to breakeven when I was +10 and then 4-5pips as price moved in my direction. I ended up getting stopped out at +24.5pips.
That's the way to do it JD.
I am having all sorts of trouble with my demos. Parts won't come up.
Made a trade but the trade details will not appear. I can click on the space where it is and get the trade dialogue box but nothing else.
  • #1,231
  • Jan 8, 2009 6:38am Jan 8, 2009 6:38am
Quoting Phreddy
Foxy, I need private lessons. There looked to be enough available there.

And after all your talk about small takes! Well I can only say that I am disappointed in you.

The Magenta dotted line. Does that do anything for us?
I have been watching the thick green one earlier and it is just following the 20 line.
Phreddy, I should be hit on the head for trying to get big pips off of what is a short term trading strategy! Looking at all the trades my version of the system offers, quite frankly they are usually 20 pipers. A few are only 10 pips and a few are losers. That being said, there's no crime in setting a TP of 20 and being happy with that. Once or twice a day and that's an income right there. If you look at what JD posted, he manually trailed his trade, and when I do that, I get better results. Here's what seems to net the most pips:
SL either 10 or 20, actually 15 is good cause most winning trades never go less than -12 pips
trailing: when +10 pips, move SL to +2. You've made money no matter what now.
When +20, move to +10, a winning trade
Now watch carefully....is there resistance, even hesitation to go more?? consider closing the trade. If its a real rapid runner, you just manually trail as fast as you can taking at least 50% of profit, perhaps even trailing tighter still like by 5 or 10 pips. MT4 will only trail by 15, but there are EAs that you can adjust this even lower.

What do others think about this since the entry of the system is already pretty darn good we need to find the best money strategy to go with it.
FW


oops..

re Magenta line-
If you're talking about the dotted line in the window with the M15 stoch, its just the 14,3,3 of the M2. I just put it there to see if my drawdowns are due to this cycling up and down....or a sign of impending doom
Isolate yourself from the herd
  • #1,232
  • Jan 8, 2009 7:32am Jan 8, 2009 7:32am
Hi All,

I recieved alot of messages from people having a hard time with Skype chat and not getting in etc, so, I spent the last 2 days learning and have setup a private chat for anyone interested, just go to my website (www.electrolegal.com) and click the live chat icon to enter.

It has history and attachment sending and seems to be working so far, hopefuly it will stay that way.

Cheers
  • #1,233
  • Jan 8, 2009 8:44am Jan 8, 2009 8:44am
Quoting jdcompute
Another good day for this method. I'm loving it. It's now the ONLY system I trade. I notice that around the 1:00-2:00PM CST timeframe, things get really choppy and unreliable. By the way, I grabbed around +55 or so pips this morning.
hi jdcompute,

may I ask you why you only trade this system. -- What about Spuds MTF Stochs ?

Thanks MJ
__Thanks__ MJ
  • #1,234
  • Jan 8, 2009 9:34am Jan 8, 2009 9:34am
Quoting forexweasel
What do others think about this since the entry of the system is already pretty darn good we need to find the best money strategy to go with it.
FW
Well I guess u must build money management witch suits
your style of trading. I personally go for 20-30pips/day no more.
After +7 pips, ea sets to breakeven. I close trade anywhere from that to +30pips. It seems safer that way, basically I need only +7 after pulling a trigger to not loose a trade no matter what happens after.
  • #1,235
  • Jan 8, 2009 10:03am Jan 8, 2009 10:03am
WOW....the E/U kicked my butt this morning. I am out for a while to see if things settle down a bit.

Edit: On another note, G/U made some really nice moves this morning (that I missed because I was watching E/U).
  • #1,236
  • Jan 8, 2009 10:20am Jan 8, 2009 10:20am
Example here....
It seems good signal, sma21 almost cross the entry point, but after 12pips down, price started moving up for over 30 pips. For some that would be SL hit, for me that would be BE.
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  • #1,237
  • Jan 8, 2009 10:54am Jan 8, 2009 10:54am
Someone sent me this file...I post it because it is an excellent example of trades to take. See the nice orderly way the moving averages cross and price moves down. Lower highs, lower lows...and a reasonable place to put your stop.
Cheers
CanuckCT
Attached Image
  • #1,238
  • Jan 8, 2009 11:51am Jan 8, 2009 11:51am
After 10 pips profit I move to break-even...those are some of my best trades.
Cheers
CanuckCT

Quoting gasgas
Example here....
It seems good signal, sma21 almost cross the entry point, but after 12pips down, price started moving up for over 30 pips. For some that would be SL hit, for me that would be BE.
  • #1,239
  • Jan 8, 2009 1:12pm Jan 8, 2009 1:12pm
Quoting CanuckCT
Someone sent me this file...I post it because it is an excellent example of trades to take. See the nice orderly way the moving averages cross and price moves down. Lower highs, lower lows...and a reasonable place to put your stop.
Cheers
CanuckCT

Today I didn't wait for the completion of the Breakout Zone.
As you can see, it was worth to wait for the position to take short.


Attached Image
I'm using Google Translator.
  • #1,240
  • Jan 8, 2009 1:59pm Jan 8, 2009 1:59pm
Lots of the time...a good entry near end of breakout zone.....

Quoting Gajowy

Today I didn't wait for the completion of the Breakout Zone.

As you can see, it was worth to wait for the position to take short.


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