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  • #1,501
  • Feb 17, 2009 12:29pm Feb 17, 2009 12:29pm
Quoting DirkH143
Hey John,

I like what you did too. But would it be possible to post more examples so that I or we can get a better picture on what you mean with your template. I understand what you are saying in your post but me personally, would like more of your explanatory pic's.

Thanks.

D.
Plse read the text over and over and also study Rads thread and examples.

Here is an example just happened on EurUsd,

John
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  • #1,502
  • Feb 17, 2009 1:19pm Feb 17, 2009 1:19pm
Im sad to say it but i've just lost 4000 uk pounds today playing this system...Guttted. Did really well on demo account.

Just didn't work out on live
  • #1,503
  • Feb 17, 2009 1:38pm Feb 17, 2009 1:38pm
As expected.....

John
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  • #1,504
  • Feb 17, 2009 1:55pm Feb 17, 2009 1:55pm
Quoting stinger007
Im sad to say it but i've just lost 4000 uk pounds today playing this system...Guttted. Did really well on demo account.

Just didn't work out on live
Sorry to say.... but you are a complete fool if you do not demotrade any new system you see, until you have full grasp over all its positive and negative sides...... be it a manual or robot trading system.... At least take 1 month to demotrade, till you are capable of making money on a demo account with any new trading system......

There just doesn't exist a trading system that is good for each and every trader. You have to select and find the one trading system that does what is necessary for you !


Any trading system is as good or as bad as the one who trades it.....

Loosing money comes from not knowing what you are doing.......

Obviously my friend you are learning the hard way...... Take care before you take a leap into the dark next time.

Good luck anyway, John

  • #1,505
  • Feb 17, 2009 2:08pm Feb 17, 2009 2:08pm
I would just like to say i've been a reader of this system from the begining and DID trade demo for over 2 months and did well from it. Im not sure if your thinking i've used your template to trade, if you did think that then your wrong as I didn't

I do think my downfall was to trade large lots once I was losing money. Also trading live has different emotions than trading demo, as im sure everyone is aware

also I dont feel the need for you to put your responce in BOLD BLACK TEXT in your post, im quite happy reading your posts in the normal font, size, and type thank you very much

Im sure other people will see the post and use this as warning which is way I made the post in the first place. Im sure other people have made loses, but never post them.

i do know i've been a silly man and know I will learn from whats happend and i would just like to say I do value everyones help on here and people have been very very helpfull

Thanks
  • #1,506
  • Feb 17, 2009 2:14pm Feb 17, 2009 2:14pm
John,

i was looking at the screen shots you posted and do have a quick question if thats ok?

do you only take trades within Ribbon?

Thanks for your help

Wayne
  • #1,507
  • Feb 17, 2009 2:33pm Feb 17, 2009 2:33pm
Quoting stinger007
John,

i was looking at the screen shots you posted and do have a quick question if thats ok?

do you only take trades within Ribbon?

Thanks for your help

Wayne

Wayne, I preferably trade outside ribbons..... But that is not a rule of thumb. Trades that bounce once may on retracement easily enter the next TF zone as you can learn from the latter examples I gave here on EurUSD.

Please study the material I gave on the previous page, until you can tell all the basic rules by heart.....

Test it ..... test it ..... and practice as long as is needed until you make easily 8 winners out of 10 time and again. Study the Rads technique as well beacuse than you will also much better understand how this setup works.

Good Luck, John
  • #1,508
  • Feb 17, 2009 2:45pm Feb 17, 2009 2:45pm
Quoting stinger007
I would just like to say i've been a reader of this system from the begining and DID trade demo for over 2 months and did well from it. Im not sure if your thinking i've used your template to trade, if you did think that then your wrong as I didn't

I do think my downfall was to trade large lots once I was losing money. Also trading live has different emotions than trading demo, as im sure everyone is aware

also I dont feel the need for you to put your responce in BOLD BLACK TEXT in your post, im quite happy reading your posts in the normal...
I apologize for being to quick with my conclusions. I now understand the details how it went wrong....... Yes, there is a big difference in emotional attitude when real money is at stake..... Too often neglected indeed !!!

So please learn this...... When its your first account...... Never ever start trading with an account over US $ 2000 or do not put more at risk than a fixed percentage of your accountsize. Losses never may be more than 1 or 2 %.

Start with the lowest lotsizes possible...... as long as you have not mastered your emotions..... Next gradually increase lotsize when you are making 8 wins out of 10.
Even better use scripts that automatically decide the right lotsize any time you take a trade....

Good luck once more, John
  • #1,509
  • Feb 17, 2009 2:49pm Feb 17, 2009 2:49pm
Another follow up.... John
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  • #1,510
  • Feb 17, 2009 2:51pm Feb 17, 2009 2:51pm
Quoting stinger007
Im sad to say it but i've just lost 4000 uk pounds today playing this system...Guttted. Did really well on demo account.

Just didn't work out on live
Start with micro lot....In demo account, the orders filled very quickly, however, in real accounts it get filled in ufavourable position.

So, better to start with micro lot and then increase your lot size by just risking 50% of your previous profit.

My 4 cents
  • #1,511
  • Feb 17, 2009 3:01pm Feb 17, 2009 3:01pm
Here is a trade I took, i entered just after the red line CCI 89 looking good for a long, then changed to short, ending in a bad trade.

Any help would be great

Cheers

Attached Image (click to enlarge)
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  • #1,512
  • Feb 17, 2009 3:02pm Feb 17, 2009 3:02pm
Quoting Der05
Start with micro lot....In demo account, the orders filled very quickly, however, in real accounts it get filled in ufavourable position.

So, better to start with micro lot and then increase your lot size by just risking 50% of your previous profit.

My 4 cents
Cheers, I think i'll be playing will very small lots from now now on
  • #1,513
  • Feb 17, 2009 3:39pm Feb 17, 2009 3:39pm
Quoting stinger007
Here is a trade I took, i entered just after the red line CCI 89 looking good for a long, then changed to short, ending in a bad trade.

Any help would be great
Hi wayne, First look at what price is doing. It crossed the MA from above to below. So That should warn you. After breaking down the MA, it makes a little retracement and bounces from the MA down. That was happening at your entry.

CCI Looked okay, but if I look at your MA, it looks like it was un uptrend and allready changed into down... only little retracement with too enthousiastic CCI.
Kino's CCi wasn't that nice for a long position!
Trading S/R with PA only. No indicators anymore!
  • #1,514
  • Feb 17, 2009 4:28pm Feb 17, 2009 4:28pm
Quoting stinger007
Here is a trade I took, i entered just after the red line CCI 89 looking good for a long, then changed to short, ending in a bad trade.

Any help would be great

Cheers

Attachment
Hi Wayne, Look at Kino_CCI_RSI_v5 still under zeroline...... This is the first no go for long. Second no go for long here is: Imagine a trendline over both CCI's.... that shows they are coming down under the zeroline..... which means continuing downtrend.

Third no go for long: There is no divergency prelude on the CCI's, nor do they show a substantial rise towards the zero line (it's all of too short duration).

You should have gotten out as soon as the CCI's fel under the bars..... or when the first red bar started growing under the Heiken Ashi.

See you can't do without divergency..... it's the only tool which tells you beforehand which way price is ecpected to go.

Hope this helps, John
  • #1,515
  • Feb 17, 2009 4:34pm Feb 17, 2009 4:34pm
Quoting Jazz1964
Hi wayne, First look at what price is doing. It crossed the MA from above to below. So That should warn you. After breaking down the MA, it makes a little retracement and bounces from the MA down. That was happening at your entry.

CCI Looked okay, but if I look at your MA, it looks like it was un uptrend and allready changed into down... only little retracement with too enthousiastic CCI.
Kino's CCi wasn't that nice for a long position!
Cheers for the info Jazz - Just out of interest is anyone trading this live?? if so anyone making and keeping good money from it.

Im trading micro lots tomorow and see if I can get back to winning trades.

I think im gonna have nightmares about my lost $$$$ tonight
  • #1,516
  • Feb 17, 2009 4:38pm Feb 17, 2009 4:38pm
Quoting John Edwards
Hi Wayne, Look at Kino_CCI_RSI_v5 still under zeroline...... This is the first no go for long. Second no go for long here is:...
Thanks also John, just spotted your post.
  • #1,517
  • Feb 17, 2009 5:17pm Feb 17, 2009 5:17pm
Quoting stinger007
Here is a trade I took, i entered just after the red line CCI 89 looking good for a long, then changed to short, ending in a bad trade.

Any help would be great

Cheers

Attachment
Stinger give this a try on your charts Fxsnipers sidewinder this is the sidewinder intended for use with woodies cci I use it on all my charts. Here is my chart with it above the cci. This has kept me out of alot of bad trades

Green poss trade meaning the cci is agreeing with the trade and other indicators.
Yellow Caution
Red no trade
Attached Image (click to enlarge)
Click to Enlarge Name: sidewinder2.gif Size: 25 KB
Attached File(s)
File Type: zip FX_Sniper's_SideWinder_Overlay2.zip   7 KB | 985 downloads
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #1,518
  • Feb 17, 2009 5:36pm Feb 17, 2009 5:36pm
Quoting stinger007
Here is a trade I took, i entered just after the red line CCI 89 looking good for a long, then changed to short, ending in a bad trade.

Any help would be great

Cheers

Attachment

Hey Stinger,

I think by now you got some advice already, but I just want to throw something in what I do.

In your DoubleCCIWoddy, the sma line, in your case it might be 21 or 30 I really don't know, but this is how I orient myself on where the trade goes.
Watch closely the line and in what direction it goes. In your case, the sma was clearly tending down and therefore going down in the first place. Next time, observe the sma line and in what direction is goes. I hope that helps a little bit. It certainly helps me. Any more questions, let it rip.

D.
  • #1,519
  • Feb 17, 2009 7:36pm Feb 17, 2009 7:36pm
Greetings to you all!

Heaps of thanks for posting such brilliant work, my trading has improved vastly thanks to you all, I hope to post samples once I gain confidence in my trades.

Question: how does one convert mq4 and ex4 scripts for use on the PureDeal Platform offered by IG markets?

Regards to all and please keep up the great work.

Ron.
  • #1,520
  • Feb 18, 2009 1:06am Feb 18, 2009 1:06am
Another example..... just happened on EurUSD,

John
Attached Image (click to enlarge)
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