It was 20 pips... see you tomorrow
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- #8,544
- Mar 24, 2009 12:48am Mar 24, 2009 12:48am
- | Joined Jan 2008 | Status: a small step to the future | 560 Posts
Long on EJ. Nice catch and still counting.
PS: The drawdown is -30 pips (including spread). It is caused I didn't look at 1M TF. I just took only 5m and 15m TF.
PS: The drawdown is -30 pips (including spread). It is caused I didn't look at 1M TF. I just took only 5m and 15m TF.
Manage your risk accordingly and you're half done your home work.
- #8,546
- Mar 24, 2009 12:52am Mar 24, 2009 12:52am
Hi bizard,
I was correct. You were trading the channel. As long as it works for you and you are confident about it. Nice 20 pips there.
I would not take those 20 pips. Not high probability trades to me. There are much easier pips that come my way.
It may be good to explain why you take those trade for the benefit of some new THV users who may be confused by what you are doing.
Cheers,
CaveMan
but you know i have a problem i love so much trading ... 
- #8,549
- Mar 24, 2009 1:38am Mar 24, 2009 1:38am
I see. The thrill of beating the market. Trade safe my friend, trade safe.
You are right i just edited the reply to explain a bit what i did, and yes this trade was not a high prob trade
- #8,550
- Mar 24, 2009 3:20am Mar 24, 2009 3:20am
Hi everyone,
I'm considering using Bollinger or COG THV for beter view. What you advice?
I know some of you usig it (Traderathome, Nuancom). I wonder:
1. pros and cons
2. what parameters are the best for 1 M and 5M TF
thx
Robert
- #8,551
- Mar 24, 2009 3:46am Mar 24, 2009 3:46am
- | Joined Jan 2008 | Status: a small step to the future | 560 Posts
I don't like this entry . Though I'm on positive pips now, still I hope I'm not too early enter the trade.
@Robert, sorry can't help you. I'm not a bollinger/ COG user. You may look Traderathome post few weeks ago. He shared about his bollinger "squeeze" completely on this thread.
. Though I'm on positive pips now, still I hope I'm not too early enter the trade. @Robert, sorry can't help you. I'm not a bollinger/ COG user. You may look Traderathome post few weeks ago. He shared about his bollinger "squeeze" completely on this thread.
Manage your risk accordingly and you're half done your home work.
Quote:
Originally Posted by BeachBum http://www.forexfactory.com/images/buttons/viewpost.gif
I'm curious.......why did you decide to trade short when the Fast Trix line was green (long signal) and the trend indicator was also green?
Hi Guys,
Looking at this trade I am also certain he is using Cheeta xpMA MA60 which prints a red/yellow dot at a change of state. Looks like he simply followed the red dot.
I think the Cheeta xpMA was part of an earlier THV or maybe from the analyze chart? It is actually useful on longer time frames as it seems to show a change of trend.
Hope this helps ...
http://www.forexfactory.com/attachme...7&d=1237846536
Originally Posted by BeachBum http://www.forexfactory.com/images/buttons/viewpost.gif
I'm curious.......why did you decide to trade short when the Fast Trix line was green (long signal) and the trend indicator was also green?
it's difficult to say because the entry is marked as an area and not as a line.
I wouldn't have taken that trade (on that TF, on 1M may be for some pips), the fast trix was already in oversold area.
Better take would have been where I marked with a yellow line but anyhow the trade went ou for green pips.
Looking at this trade I am also certain he is using Cheeta xpMA MA60 which prints a red/yellow dot at a change of state. Looks like he simply followed the red dot.
I think the Cheeta xpMA was part of an earlier THV or maybe from the analyze chart? It is actually useful on longer time frames as it seems to show a change of trend.
Hope this helps ...
http://www.forexfactory.com/attachme...7&d=1237846536
- #8,554
- Mar 24, 2009 4:01am Mar 24, 2009 4:01am
Hi Personalme:
I longed as well a bit earlier. I think, for this trade, one has to go to lower time frames to refine the entry. I was long at 1.4636; trailing now. Pattern wise ("h" formation) , "THV wise" (positive divergence); a perfect trade setup for me. Try 2, 3, 5-min. Take your pick. Take care.
Have a good one
Jeff
I longed as well a bit earlier. I think, for this trade, one has to go to lower time frames to refine the entry. I was long at 1.4636; trailing now. Pattern wise ("h" formation) , "THV wise" (positive divergence); a perfect trade setup for me. Try 2, 3, 5-min. Take your pick. Take care.
Have a good one
Jeff
I don't like this entry
Attachment
@Robert, sorry can't help you. I'm not a bollinger/ COG user. You may look Traderathome post few weeks ago. He shared about his bollinger "squeeze" completely on this thread.
~*~You are only one trade away from humility~*~
- #8,555
- Mar 24, 2009 4:17am Mar 24, 2009 4:17am
- | Joined Jan 2008 | Status: a small step to the future | 560 Posts
Hi Jeff. Thanks. At least I'm not a lone ranger on this trade. Yup, I see this move and tempted to enter the trade earlier. But price still bellow ichimoku cloud so I decide to wait a bit longer especially it was a downtrend before. You must be have sharper eye than mine.
I haven't work on 2 or 3m TF till now. But it will be a good idea I guess. Need time to accustomed with those.
Btw I got minor loss (-6) on USDCAD. I was short @1.2241 before it swing me higher. But now it is on 1.2208
Ah yeah nevermind. The GU works well this time. I'll take this trade as long as possible since I don't need sleep now 
.
I haven't work on 2 or 3m TF till now. But it will be a good idea I guess. Need time to accustomed with those.
Btw I got minor loss (-6) on USDCAD. I was short @1.2241 before it swing me higher. But now it is on 1.2208
Ah yeah nevermind. The GU works well this time. I'll take this trade as long as possible since I don't need sleep now .
Manage your risk accordingly and you're half done your home work.
- #8,556
- Mar 24, 2009 4:21am Mar 24, 2009 4:21am
hehe, that's ok, you lose some, miss some and win big; that's the idea...I need to sleep though; the bloody Gbp/Usd trade last night was such a grinder; I almost dropped dead in front of the PC
Hi Jeff. Thanks. At least I'm not a lone ranger on this trade. Yup, I see this move and tempted to enter the trade earlier. But price still bellow ichimoku cloud so I decide to wait a bit longer especially it was a downtrend before. You must be have sharper eye than mine.
I haven't work on 2 or 3m TF till now. But it will be a good idea I guess. Need time to accustomed with those.
Btw I got minor loss (-6) on USDCAD. I was short @1.2241 before it swing me higher. But now it is on 1.2208
~*~You are only one trade away from humility~*~
- #8,559
- Mar 24, 2009 6:02am Mar 24, 2009 6:02am
One observation Folks
Some have way too much indicators on their template.
This one does not tell you yes or no or where to go, it measures if you did right or wrong. It shows you the profit in pips and account currency over several periods.
The total amount is calculated over the amount of history which is configured in your terminal window. If you want to show your overall performance, the account history in the terminal window has to be set to <All History>
If you are splitting your positions, the pips for the remaining order are only accumulated if the order exceeds the closed position. For this feature it is necessary that you don't edit the order comment because that's the only way to track along such positions.
The value for the open orders shows only the orders of the same currency pair as of the chart where the indicator is placed. All other values are calculated over all trades.
Happy trading ...
10 x 100 = 100 x 10, stefx, retired scalper.
