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Eur/Usd scalping inspired by Shakesfx

  • #461
  • Feb 18, 2009 10:23am Feb 18, 2009 10:23am
I started off well today with the range breakout trade that I posted. Then I had another +10/0. I was up 36 pips for the day. Then I had a couple losers, a couple break-even, and another loser. Now I'm down to -38 for the day.
Maybe I was trying to trade too quickly. Anyways, time for a break.
  • #462
  • Feb 18, 2009 10:34am Feb 18, 2009 10:34am
Hi Math,

Been there, done that
Hang in there, we both are going to get this.

Thanks for that article, it was a good read!

AZ
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #463
  • Edited 10:49pm Feb 18, 2009 10:52am | Edited 10:49pm
I've read a couple of articles about tape reading. Something that keeps coming up is that they mention watching the tape only when price is near certain special price levels such as the previous day's high, low, or close, or pivot point levels.

What do you think about this Peter? I know Shakes is against drawing any lines on his charts or any information that is older than 1 minute (), but I think that focusing on only certain price levels, and not trying to watch every move of the tape might help some beginners like me. I think it will keep me out of a lot of bad trades. Of course it will keep me out of some good ones too...but we don't have to catch everything, eh?

Here's a picture showing the previous day's close (dashed black) and previous day's low (dashed purple), also the main pivot point (thick black) and R1 pivot level (thick red). The tape definitely seems to be reacting around these prices...
Attached Image (click to enlarge)
Click to Enlarge Name: Special Prices.PNG Size: 23 KB
  • #464
  • Feb 18, 2009 10:53am Feb 18, 2009 10:53am
Quoting AZ-Heat
Hi Math,

Been there, done that
Hang in there, we both are going to get this.

Thanks for that article, it was a good read!

AZ
Thanks for the encouragement. It definitely helps!
  • #465
  • Feb 18, 2009 11:23am Feb 18, 2009 11:23am
Sell 1.2560
  • #466
  • Feb 18, 2009 11:26am Feb 18, 2009 11:26am
TP hit on 1st lot for +10, move S/L on 2nd to B/E i.e 1.2558 (buy back price 1.2560)
  • #467
  • Feb 18, 2009 11:27am Feb 18, 2009 11:27am
Take profit of +12 on 2nd lot at 1.2546 sell price, buying back at 1.2548
  • #468
  • Feb 18, 2009 11:27am Feb 18, 2009 11:27am
DOH, hit the panic button again, do that too often!
  • #469
  • Feb 19, 2009 2:25am Feb 19, 2009 2:25am
Quoting mathematician
I hope this won't lead to confusion. This post is clearly different from Pete's.
Here is how I played the breakout. I've attached a chart with notes on it. I ended up with: (lot 1 / lot 2) = (+10 / +16) for a total of 26 pips.
I would think that is classic Shakes trading mathematician .... nice one.

May I ask which charts they are as I would love it if Metetrader had 5 second charts... I am sure this method would be a lot easier to pick up with those.
  • #470
  • Feb 19, 2009 3:43am Feb 19, 2009 3:43am
Quoting Willowgal
May I ask which charts they are as I would love it if Metetrader had 5 second charts... I am sure this method would be a lot easier to pick up with those.
It's oanda mate, he said before.

But i'm not sure 5s bars would be a big help, i believe it's more about dynamics of the move.

I was thinking about making an mt4 indicator which would play a sound for every tick, a different one for up tick, other for down tick , two quick for fast double uptick and so on - it would be like listening for uboots on submarine echo. Does it make any sense for you - maybe you already have one or have heard about.

It's hard to watch the price every tick, my eyes are sore.

Best regards.
Arek
  • #471
  • Feb 19, 2009 4:41am Feb 19, 2009 4:41am
Quoting agend
It's oanda mate, he said before.

But i'm not sure 5s bars would be a big help, i believe it's more about dynamics of the move.

I was thinking about making an mt4 indicator which would play a sound for every tick, a different one for up tick, other for down tick , two quick for fast double uptick and so on - it would be like listening for uboots on submarine echo. Does it make any sense for you - maybe you already have one or have heard about.

It's hard to watch the price every tick, my eyes are sore.

Best regards.
Arek
LOL...that actually "sounds" interesting.
  • #472
  • Feb 19, 2009 5:28am Feb 19, 2009 5:28am
Quoting agend
It's oanda mate, he said before.

But i'm not sure 5s bars would be a big help, i believe it's more about dynamics of the move.

I was thinking about making an mt4 indicator which would play a sound for every tick, a different one for up tick, other for down tick , two quick for fast double uptick and so on - it would be like listening for uboots on submarine echo. Does it make any sense for you - maybe you already have one or have heard about.

It's hard to watch the price every tick, my eyes are sore.

Best regards.
Arek
That sounds cool ... worth a try - maybe the ears can trade better than the eyes ?
  • #473
  • Feb 19, 2009 5:36am Feb 19, 2009 5:36am
Quoting Willowgal
That sounds cool ... worth a try - maybe the ears can trade better than the eyes ?
i'm actually almost done - code is simple, it's harder to find/make the sounds file - maybe you have some expinience with that - help would be appreciated
  • #474
  • Edited 5:52am Feb 19, 2009 5:41am | Edited 5:52am
that's the indicator - it uses only 2 standard wav files from mt4 platform, but u can change it for any others, the wav file must be located in the sounds folder so for example on my computer it is : "D:FXDD - MetaTrader\sounds\"

what is left to do is make another sounds for ticks bigger then 1, ex. 2 ticks up in one move, 3,4,5 and so on

arek
Attached File(s)
File Type: mq4 BigPrice.mq4   2 KB | 333 downloads
  • #475
  • Feb 19, 2009 5:53am Feb 19, 2009 5:53am
Quoting agend
that's the indicator - it uses only 2 standard wav files from mt4 platform, but u can change it for any others, the wav file must be located in the sounds folder so for example on my computer it is : "D:FXDD - MetaTradersounds\"

what is left to do is make another sounds for ticks bigger then 1, ex. 2 ticks up in one move, 3,4,5 and so on

arek
That is great ... maybe adjust the volume where a larger move in one tick is louder than a smaller one ?

No idea if that can be done though...

EDIT: Ive just had it on my screen for 5 mins at it really helps !! great stuff agend
  • #476
  • Feb 19, 2009 6:01am Feb 19, 2009 6:01am
Quoting agend
It's oanda mate, he said before.

But i'm not sure 5s bars would be a big help, i believe it's more about dynamics of the move.

I was thinking about making an mt4 indicator which would play a sound for every tick, a different one for up tick, other for down tick , two quick for fast double uptick and so on - it would be like listening for uboots on submarine echo. Does it make any sense for you - maybe you already have one or have heard about.

It's hard to watch the price every tick, my eyes are sore.

Best regards.
Arek
That is actually what I have been thinking too. But I have no idea how. Because looking at the chart constantly can be pretty tiring. So I figure it would be good to just put it loudly on speaker, and I can just go wash dishes, vacuum the house or just anything.
  • #477
  • Feb 19, 2009 6:03am Feb 19, 2009 6:03am
Quoting agend
that's the indicator - it uses only 2 standard wav files from mt4 platform, but u can change it for any others, the wav file must be located in the sounds folder so for example on my computer it is : "D:FXDD - MetaTradersounds\"

what is left to do is make another sounds for ticks bigger then 1, ex. 2 ticks up in one move, 3,4,5 and so on

arek
Hi agend,

Shakes has often mentioned that a change in the spread can imply more volume coming into the market.

Can you display the current spread each tick .and give a sound alert when it changes also ?

... this could also be helpful.
  • #478
  • Feb 19, 2009 6:07am Feb 19, 2009 6:07am
Quoting Willowgal
That is great ... maybe adjust the volume where a larger move in one tick is louder than a smaller one ?

No idea if that can be done though
actually mql doesn't let you much with sounds - all it can do is just play the sound file, on the programming side it could be done with dll - too much hussle. it's easier to make one audio file for one event. I was thinking about this : one tick - one beep, two ticks - two quick beeps, and so on, for down tick the frequency of the sound would be different - i'm just playing with "Audacity" - program which lets u make audio files, but my beeps sound a little artificial so far, it would be hard to listen to them for hours. It'd be great to have someone who has some expirience with that kind of job and could make some nice and dandy jingles for us.

U see, i'm not allowed to post on shakes thread (not enough posts probably) but maybe some of you could aks over there - much more people follows that thread - maybe someone could help us.

arek
  • #479
  • Feb 19, 2009 6:13am Feb 19, 2009 6:13am
Quoting Willowgal
Hi agend,

Shakes has often mentioned that a change in the spread can imply more volume coming into the market.

Can you display the current spread each tick .and give a sound alert when it changes also ?

... this could also be helpful.
which broker do u use that changes spread ? i'm using only ones with fixed spread, but anyway i could think about this - what kind of sound would u like for the spread change?

on www.freesound.org u can find plenty of sound files - u can choose some, maybe together we will fix somthing

arek
  • #480
  • Feb 19, 2009 6:18am Feb 19, 2009 6:18am
Quoting agend
which broker do u use that changes spread ? i'm using only ones with fixed spread, but anyway i could think about this - what kind of sound would u like for the spread change?

on www.freesound.org u can find plenty of sound files - u can choose some, maybe together we will fix somthing

arek
Ok I will find a sound for this .... I use Alpari

I have put a post on shakes thread letting people know about this ... IT'S COOL !!!
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