Time frame and Enter/Exit, Time frame and S/L, T/P relationships. | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

What is the best time to enter and exit a trend? 23 replies

Time Frame Vs Personality, Which to choose as Main Time Frame? Who Are You? 10 replies

Every 10 pips enter, exit at trend reversals, and scale in 0 replies

Multiple Time Frame Trading: In a divergence, which frame dictates? 6 replies

Question on Lower Time Frame Indicators Vs. Longer Time Frame 7 replies

Attachments: Time frame and Enter/Exit, Time frame and S/L, T/P relationships.
Exit Attachments

Time frame and Enter/Exit, Time frame and S/L, T/P relationships.

  • #41
  • Apr 17, 2009 9:29pm Apr 17, 2009 9:29pm
thank you

went over this yesterday with online chat and have received all the needed emails and stuff to move accounts to england, which i am happy to do

interesting part of your english advertising is how they speak of hedging and its EXACTLY why i have to have that ability,

thnx for the update

mp



[quote=jsales;2676928]Hello,

FXCM.co.UK (FXCM UK) is a separate entity and is authorized and regulated with the Financial Services Authority (FSA) of the United Kingdom.
  • #42
  • Apr 17, 2009 9:34pm Apr 17, 2009 9:34pm
LOL -- the world is a truly funny place

i HATE GU with a passion -- all that flipping around and swoopy dips and rises -- too much of a roller coaster for my nerves.

on the other hand, have pulled a few thousand pips off of EU this past week, cause i find it SMOOTH and EASY, like an excellent single malt scotch.

EJ is nice and im presently playing with Ucad to use as a form of hedge for longer term trades, to offset any margin situations possible.

like i say, funny world

mp




Quoting Turveyd
Hmmmmmmmmmmmmmmmmm



Last weeks performance, 20 trades in total

Euro 7 trades so 35% -£57.22
GBPUSD 2 trades so 10% +£66.46 NICE got to focus more on GBPUSD!!
EurJpy 11 trades so 55% , +£41.59

Total profit £50.83 Getting there, delete the Euro trades and £107 hmmmm.


Guess that decided it, Euro is GONE BABY!!!
  • #43
  • Apr 18, 2009 4:45am Apr 18, 2009 4:45am
Quoting mparker
LOL -- the world is a truly funny place

i HATE GU with a passion -- all that flipping around and swoopy dips and rises -- too much of a roller coaster for my nerves.

on the other hand, have pulled a few thousand pips off of EU this past week, cause i find it SMOOTH and EASY, like an excellent single malt scotch.

EJ is nice and im presently playing with Ucad to use as a form of hedge for longer term trades, to offset any margin situations possible.

like i say, funny world

mp

Strange thing is, I was planning on dumping the GU for the EJ cause I agree with your sentiments but if I check back, GU's been making me the money and EU taking it away again.

Check out the EJ, only been watching it for a week but thats smooth and silky like a very fit 18year old girls bum, which incidentally is where 50% of my profits will be going, the other 50% I'll just waste

You can nearly just jump on the M1 15sma direction and retire it holds it's momentum so well.

Have a good weekend dude!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #44
  • Apr 18, 2009 9:57am Apr 18, 2009 9:57am
WELL, not to be considered TOO stupid, i shall take another look at GU, but its really funny how two people have totally contrary opinions of the same thing. obviously it has to do with trading style, psychology and dozens of things probably not worth even knowing.

with EJ, that was my favorite for a long time and she served me well, but somehow i wandered over to other sirens on the rocks and was swayed by their delicious sounds --- after such a tremendous run with them, it should be time to re-appraise, so i shall "check em out" to see whats happening.

btw, thnx for the guest appearance on the thread --- was nice !

enjoy the weekend

mike




Quoting Turveyd
Strange thing is, I was planning on dumping the GU for the EJ cause I agree with your sentiments but if I check back, GU's been making me the money and EU taking it away again.

Check out the EJ, only been watching it for a week but thats smooth and silky like a very fit 18year old girls bum, which incidentally is where 50% of my profits will be going, the other 50% I'll just waste

You can nearly just jump on the M1 15sma direction and retire it holds it's momentum so well.

Have a good weekend dude!!
  • #45
  • Apr 18, 2009 9:03pm Apr 18, 2009 9:03pm
You had me confused for abit there, but it is 3am and I've been sort of working but for no money so errrrm yesss Anytime!!

Thinking back, I used to mainly trade GU, but EU occasionally which used to kill me so I stopped focused on GU, then I took 6months+ off forget totally about this and repeated the same mistake, old age.

EJ is where it's at currently, check out the 80pip, I've turned up, up move while the EU was just chopping around.


Anyways SLEEP till 2pm I think
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #46
  • Apr 18, 2009 9:29pm Apr 18, 2009 9:29pm
i shall look again at EJ, which i was trading along with EU --- but became a hassle handling the both, so i went with EU

if theres a mistake to be made, i shall find it

thnx for the pointer -- will jump on it like a cowboy and a bronc comes sunday

mp
  • #47
  • Apr 19, 2009 7:23am Apr 19, 2009 7:23am
I only pulled EJ up cause someone said it'd broken to knew highs and was dragging EU higher, then I added a few SMA's to aid in prediction, then they worked spot on and thought hmmmmmmmmmmmmmmmm.


Sadly I gave back most of my weeks losses trading like a lemming on Friday so hoping for a better week.

Still can't decide what to do about Stops though, they annoy me and cost me more money than there worth, the EJ Perfect SL 20pips before a 80pip run down SUCKED and made me trade on revenge LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #48
  • Apr 19, 2009 9:38am Apr 19, 2009 9:38am
well, its no surprise to anyone that i dont use sl's but i also wouldnt tell someone else to follow me in that direction.

its a real problem and when i first got here, newbs were giving away money to their sl's, and i simply had them OPEN them up --- see, for a while now the equities peeps have come over to forex and that has created LARGER trading ranges on the currencies, which of course means you need wider stops.

Now if youre giving back on REAL losers, thats one thing and you obviously need to see WHY that is happening, but if youre giving it away to stops, theres not much except opening them up or eliminating them that will help you.

you sound stuborn, but it is possible i could show you some things that would help the second part of your problem --- how not to give it back.

I know youre set in your ways, but youre ways sound unsettling, so you might consider it.

mp
  • #49
  • Apr 19, 2009 1:10pm Apr 19, 2009 1:10pm
I haven't used SL's in AGES, I should go back to exiting manually with just a far out ( 30 pips ) SL, my system does cover EXITing the second the trade starts to move against me, but IF at a Loss I'm holding and HOPING ( Hope is the killer which I'm aware of ), rather than click-click look for another.

I was trading Crap Friday after the SL hitting, against the Trend which ='s 80% death, unlike trading with.

MUST GET BACK TO SMART Trades, back to 23 profits in a row.


Hoping for a better week, we shall see though!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #50
  • Apr 19, 2009 1:44pm Apr 19, 2009 1:44pm
Also increased Focus would help, while in a trade so no FF posting and switch the damn phones off guarantee a trade gets to a tricky spot and ring ring ring, I'd of gotten outta my Euro Short a few times slight profit but no
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #51
  • Apr 19, 2009 1:49pm Apr 19, 2009 1:49pm
WHY on earth do you bail when it turns --- heck, if i did that with every woman i met, id be one lonely feller !

i would have thought you to be far past that silliness by now, but there are always reasons for things.

with no commercial interests or agendas, i would like to take this conversation private as i have some things to say to you that i prefer not be shared by everyone !

you can yahoo pm me as "mp6140" (im invisible, so you have to shout) or email at "[email protected]"

enjoy



Quoting Turveyd
I haven't used SL's in AGES, I should go back to exiting manually with just a far out ( 30 pips ) SL, my system does cover EXITing the second the trade starts to move against me, but IF at a Loss I'm holding and HOPING ( Hope is the killer which I'm aware of ), rather than click-click look for another.

I was trading Crap Friday after the SL hitting, against the Trend which ='s 80% death, unlike trading with.

MUST GET BACK TO SMART Trades, back to 23 profits in a row.


Hoping for a better week, we shall see though!!
  • #52
  • Apr 19, 2009 1:59pm Apr 19, 2009 1:59pm
Woman are my speciality saying that been Stalking ( not literally ) this 1 for 6months or so guess I should bail on that, but Nah LOL

" Always reasons for things " Confused on that, fully aware what the problem is, too much bad teachings from others regards trading is a major factor as your aware, burning through these mental issues though.

Size of account, dictates my method, not going sub $1 per PIP NO CHANCE, so I can't hedge and I run a strict scalping method, well should do but don't quite, system with me behaving tests out GREAT!! Don't worry too much.

Getting there!! Just thinking out loud and mentally beating myself into a pulp, in order to make myself trade better.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #53
  • Apr 19, 2009 2:49pm Apr 19, 2009 2:49pm
let us just say that if one makes X pips, and then gives them all back but a few, he may not be able to consider himself the best of traders

i can fix that, especially with scalping, in a few minutes

but its your call, mr stubborn

LOL

mp
  • #54
  • Apr 19, 2009 2:56pm Apr 19, 2009 2:56pm
Seriously, not stubborn, to desperate to be stubborn, you realise I'm a scalper yes ?? I'm a good scalper, but it's when I get high ideas and drop back to swing to the fence investor when I blow the account LOL

Just got to accept Scalping and small regular profits, 23 profitable scalps in a row. Got to accept small not so regular losses to.

You can jump on a short term direction, but you can not predict more than that, I get it don't worry.

The system I'm scalping with and Charts are here :-

http://www.forexfactory.com/showthre...=1#post2677364
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #55
  • Apr 19, 2009 3:24pm Apr 19, 2009 3:24pm
well, where the heck is it written that you cant scalp for a living ?

but honestly, i can show you something make those eyes bug, hands sweat and the breathing become faster and faster and it aint a blonde !

i use it on the one and five, the 15 if i care to and it just wont quit

BEG ME and ill tell you about it

LOL
  • #56
  • Apr 19, 2009 3:30pm Apr 19, 2009 3:30pm
Okay intrigued but your going to have to sweeten it with pics of sexy female blondes ( it's best to be sure about these things )

M1 only please, which is all I use.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #57
  • Apr 19, 2009 4:22pm Apr 19, 2009 4:22pm
considering we started off fighting, i havent a clue as to why i do these things

blondes waiting -- she actually sister of the one in leaves, but something wrong with the .ext so have to fix to be able to upload

anyway, every line and dot is a support or resistance point, and every one gets hit on the one minute chart either going up or coming down --- demo the sucker and then you can thank me profusely !

LOL

oh, you cant demo it cause you dont got the indicator crap
Attached Image (click to enlarge)
Click to Enlarge Name: 2010 scalping chart temp.jpg Size: 503 KB
  • #58
  • Apr 19, 2009 4:33pm Apr 19, 2009 4:33pm
Why don't I just draw lines every @10pips at random comes to mind

Check out my charts, just using SMA's and BB's much similar idea, but less noise it really works well. Just my application of which fails me!!

Never seen the DSS indicator, I should find and give that a look, but tried and tested them all without finding 1 that truely works so hmmmm.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY Chart 1.jpg Size: 210 KB
Click to Enlarge Name: EURJPY Chart 3.jpg Size: 239 KB
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #59
  • Apr 19, 2009 6:24pm Apr 19, 2009 6:24pm
while it appears quite messy, understand that it shows EVERY support and resistance grouping that the one minute will go thru --- using this, i can trade the one minute anywhere from 5 to 9 times and profit from each move as we know once price hits resistance, it drops to support, and then we go long to the NEXT resistance point, short if we want and are quick enough (not a great idea if counter trend) and then go long off the bounce on support AGAIN.

then we do it 5 more times and move on to the 5 minute chart

in total, i can make 15 - 20 trades on the one, 5 and 15 and thats not customizing and doing the 3 minute, 9 minute and 12 minute charts.

not a matter of saying lets hop on the one minute till it bottoms, but TAKING every single pip its got !

what i want to end up with is nothing but some dots and none of the trails from the ma's and bols --- this way i just trade dot to dot to dot




Quoting Turveyd
Why don't I just draw lines every @10pips at random comes to mind

Check out my charts, just using SMA's and BB's much similar idea, but less noise it really works well. Just my application of which fails me!!

Never seen the DSS indicator, I should find and give that a look, but tried and tested them all without finding 1 that truely works so hmmmm.
  • #60
  • Apr 19, 2009 6:49pm Apr 19, 2009 6:49pm
Sounds CONFUSING to me, totally alien in ways to what I trade.

I prefer to view the market in different time frames, ie last 5mins, last 15mins with the average, these make great S/R and gives me a direction to trade off, objects in motion generally stay in motion after ll.

IF I'd of shorted the EJ's 15mins SMA break 20mins okay, I'd of gotten 20pips already, doesn't work as smoothly on EU though hence the costing me.

And cause I've got the 60, 120, 240, 1440 ( 1 day average ) SMA's to, I can see the Longer term trend, and they also make great S/R points to trade off.

Euro for instance reversed hard off the 240sma M1 multiple times on Friday, to the down side sadly while I was long.

The only issue is, when a 240SMA breaks, you've gone Long over it if it breaks below the price will dump 20pips before you can blink, so hard to get in on a break and painful if your in when it breaks, but looking at 80% reversal rate in a trending market. I'm also looking at @40pip moves up from that fairly constantly.

Never trading against the 15sma gives me like 90% win rate, although alot of those never get to +10 before looking bad and exiting to be safe, how I got 23wins in a row.

See I more than have a system, I'm just not fully using it properley, I now I should kill the trade at a small loss but can't, which then ='s a big loss, because the system is so good normally 90% of the time never get a break on that

So just got to crack a few brain malfunctions to iron out, emotions hey who needs them, then I should be able to make 200pips+ with 10hours of trading time over a week, which I can live off easily at say $3 per pip, so no need for too much greed here.

Working it out, I've got 3-4months before I need a Wage say $1500 per month from this so should be do able and easy enough.

Chopping EU should help alot, I can see on a Static S/R bounce around movement required that would better suite your system, I need a more wavy looking chart, which EJ gives me
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
0 traders viewing now