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  • #81
  • Mar 16, 2009 7:09pm Mar 16, 2009 7:09pm
Quoting banzai
Oanda.
thanks banzai
  • #82
  • Mar 16, 2009 8:39pm Mar 16, 2009 8:39pm
Quoting happy camper
Hey Tony

I like your style, lol

I have a question. Does this happens to you?Price way ahead of the actual charting! What do you do if it does? It is realy annoying, your strategy can not be traded if this happens.

Thanks
OK first thing I notice... your chart is 2 pips interval. I set mine to 5 pips.
Second thing to avoid this to happen follow this: wait for a 6+ pips bar followed by extremely fast price action in the same direction... in your case..there was nothing major happening since we are in 2 pips interval
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  • #83
  • Mar 16, 2009 8:40pm Mar 16, 2009 8:40pm
Quoting fugly
well if it has a 90% win ratio on a 5sec chart this would maen a lot of opportunities and that too with a reward:risk of well above 1 (you say your stop is 10 pips and ur tp 15/25/50/100 this would make it a very profitable strategy.

Problem is there are a lot of fake outs, price pops 5 bars in one direction then falls right back how do you avoid this ..... do u use any indicators or filters or something similar to avoid fals breakouts Tony?

Thanks

yes it is true we see a lot of 5+ pips bars..... but... the thing is to notice what happens after them.... does the price stall??? yes sometimes... don't enter... Enter only if you see extremely fast price action.... you could almost feel a rush ...its hard to explain
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  • #84
  • Mar 16, 2009 8:42pm Mar 16, 2009 8:42pm
Quoting toonsmania
Hi tony want to know when do you get on high alert and start looking for this action.
I guess when market open ?
If that is true then generally how much time it takes on an average before you see such action ?
In short want to know if you could us time idea when to be most alert with this chart.
Thanks

I like london open and us open...both are nice.... fast price action could happen at any time ... it takes patience and practice... I fully dedicate half of my day and night time to this
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  • #85
  • Mar 16, 2009 8:44pm Mar 16, 2009 8:44pm
what I love the most is seeing a 6-7 bar and really fast action...I jump in like a rabbit and set a TP of 50 pips its crazy . I just came back home now, I'll be watching all night with a few RedBulls
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  • #86
  • Mar 16, 2009 8:46pm Mar 16, 2009 8:46pm
I'll be posting up my success as well as my failures... keep an eye on the thread
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  • #87
  • Mar 16, 2009 9:00pm Mar 16, 2009 9:00pm
here is a motivation sentence: I'M MAKING THE EUR/USD CHART MY SLAVE
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  • #88
  • Mar 16, 2009 9:09pm Mar 16, 2009 9:09pm
Hey Tony thanks bud, i am working on a system like yours since about a month and i'm glad you opened the thread....Well see the results here then, me i am working with a script that i made but the principles are almost the same ! Ohh, y amigo te deseo todo la suerte del mundo como a todo los de mas en este foro, creo que eres Cubano si lo entiendi bien, asi que entiendes el Espanol no es asi . Yo soy Ruso y Frances, pero mi esposa y yo vivemos en Colombia....Than i didn't have the choice to learn the Spanish !! Ohh, y por cierto yo creci en Canada, donde estas ahora....Y lo quite hace 2 año por vivir con mi esposa... Well, good luck with the system, i think, that the base is very good....I mean, what could indicate in a better way the next price action move, if this is not THE price action himself.... Alex Markov.
  • #89
  • Mar 16, 2009 9:34pm Mar 16, 2009 9:34pm
Quoting dutch45612
Hey Tony thanks bud,...
Very well said, the last sentence...is it a quote or is it you that is saying this ''I mean, what could indicate in a better way the next price action move, if this is not THE price action himself...'' I mean I truly love what you're saying. Indicators are representing the past with all my respect to other that use them.... I have used them too in the past and I sent my bank account in the past too...... you can use some but the simples ones like resistance and support levels in my opinion.
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  • #90
  • Mar 16, 2009 10:20pm Mar 16, 2009 10:20pm
Tony, no the last sentence was mine... i think of it while i was writing the post... But i think that it represent about what the two of us (and the people who are interested in the system) are thinking...Well, there is so FEW ressources about the price action HIMSELF out there, that i think this thread is refreshing...If everybody could share their results, all together we could make a really profitable system.
Alex Markov.
  • #91
  • Mar 16, 2009 11:26pm Mar 16, 2009 11:26pm
example
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  • #92
  • Mar 16, 2009 11:27pm Mar 16, 2009 11:27pm
Quoting dutch45612
Tony, no the last sentence was mine... i think of it while i was writing the post... But i think that it represent about what the two of us (and the people who are interested in the system) are thinking...Well, there is so FEW ressources about the price action HIMSELF out there, that i think this thread is refreshing...If everybody could share their results, all together we could make a really profitable system.
Alex Markov.
I loved your quote, its very nice, its real and pure
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  • #93
  • Mar 16, 2009 11:31pm Mar 16, 2009 11:31pm
THERE
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  • #94
  • Mar 17, 2009 12:48am Mar 17, 2009 12:48am
see yall at the london open

what do you guys think is gonna happen next after such a sharp move down IN 5 SECONDS.... let me think... hmm.. the price will continue going down.
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  • #95
  • Mar 17, 2009 1:10am Mar 17, 2009 1:10am
Quoting Tony112
OK first thing I notice... your chart is 2 pips interval. I set mine to 5 pips.
Second thing to avoid this to happen follow this: wait for a 6+ pips bar followed by extremely fast price action in the same direction... in your case..there was nothing major happening since we are in 2 pips interval
Tony I'm new to oanda,

I wanted to nkow what you mean by "your chart is set to 2 pips interval" & "I set mine to 5 pips" could you tell me what you mean by this.

I noticed oanda platform is not an exe based but browser based java. This is normally much slower and tends to get stuck a lot. Do u use this same browser platform to trade 5 sec charts or is it a different platform other than fxtrade. Do u find it fast enough to trade 5sec or do u use NT or some other more stable platform other than fxtrade.

Please pardon the questions I used MT4 before and this is the first time I'm using oanda, i'm quite surprised they dont have a dedicated exe we can download and install on our machine.

thanks
  • #96
  • Mar 17, 2009 1:18am Mar 17, 2009 1:18am
Quoting fugly
Tony I'm new to oanda,

I wanted to nkow what you mean by "your chart is set to 2 pips interval" & "I set mine to 5 pips" could you tell me what you mean by this.

I noticed oanda platform is not an exe based but browser based java. This is normally much slower and tends to get stuck a lot. Do u use this same browser platform to trade 5 sec charts or is it a different platform other than fxtrade. Do u find it fast enough to trade 5sec or do u use NT or some other more stable platform other than fxtrade.

Please pardon the questions I used...
You can get the java desktop version I believe:

https://fx1.oanda.com/java/beta.jnlp

From: http://fxtrade.oanda.com/forex_tradi...xdesktop.shtml
  • #97
  • Mar 17, 2009 1:40am Mar 17, 2009 1:40am
Quoting NuckingFuts
You can get the java desktop version I believe:

https://fx1.oanda.com/java/beta.jnlp

From: http://fxtrade.oanda.com/forex_tradi...xdesktop.shtml
thanks NF thats the one i have its still java based not quite as stable as an exe like mt4 do oanda have any other alternative?
  • #98
  • Mar 17, 2009 1:57am Mar 17, 2009 1:57am
Quoting fugly
thanks NF thats the one i have its still java based not quite as stable as an exe like mt4 do oanda have any other alternative?
Esignal I believe supports OANDA as I have just found out. Only problem is that esignal charges a $125 monthly fee for their platform.

http://www.esignal.com/map/oanda/default.asp

Other than that, I think that's about it for the platform options with OANDA. As far as I know anyway
  • #99
  • Edited 7:31am Mar 17, 2009 7:09am | Edited 7:31am
Let's all observe NY OPEN, I love you ny...
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  • #100
  • Mar 17, 2009 7:14am Mar 17, 2009 7:14am
Quoting fugly
Tony I'm new to oanda,

I wanted to nkow what you mean by "your chart is set to 2 pips interval" & "I set mine to 5 pips" could you tell me what you mean by this.

I noticed oanda platform is not an exe based but browser based java. This is normally much slower and tends to get stuck a lot. Do u use this same browser platform to trade 5 sec charts or is it a different platform other than fxtrade. Do u find it fast enough to trade 5sec or do u use NT or some other more stable platform other than fxtrade.

Please pardon the questions I used...
Hi Fugly, first the 5 pips interval is the ''zoom'' I use on the right side of the chart ( squares on the grid ). Instead of having 2 pips squares, I have 5 pips squares.... you can adjust this with the + and - buttons in the bottom. I don't have much experience with softwares and trading charts... oanada 5 sec java chart is all I use...i have their desktop version downloaded lol
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