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1 trade a day

  • #281
  • May 9, 2009 8:52am May 9, 2009 8:52am
Fraid not Im sticking to just the GBP pairs that have the £ listed as the main and the 2 with the reasonable spread.

For last week taking 50% off at 1.618 and bringing stop to break even 2nd 50% off at 200%

GBPUSD 50+32(50%)+43-68+87 = 144 pips


GBPJPY 77+59(50%)-17+82+26 = 227 pips

Combined 371 pips

cheers

Paul
  • #282
  • May 9, 2009 12:22pm May 9, 2009 12:22pm
Rastaman,
Thank You
Steve

Quoting Rastaman
It is the Max Non Lag MA

Here you go



PS:: Anyone catch the EUR/GBP breakout last night?
  • #283
  • May 9, 2009 12:26pm May 9, 2009 12:26pm
Hi Paulus,
I have looked at this going back several weeks and some previous dates and I must say that taking prrofits at the 1.618 level works nearly every time. Thank you for a good system. I had seen something similar wher ethe Hi & Lo were fixed at 100 pips from open but that to me never made any sense.
I have added the hi/lo line for the 1st 8 hours to my normal EA but I could make it standalone if anyone wants it.

Steve

Quoting Paulus
Fraid not Im sticking to just the GBP pairs that have the £ listed as the main and the 2 with the reasonable spread.

For last week taking 50% off at 1.618 and bringing stop to break even 2nd 50% off at 200%

GBPUSD 50+32(50%)+43-68+87 = 144 pips


GBPJPY 77+59(50%)-17+82+26 = 227 pips

Combined 371 pips

cheers

Paul
  • #284
  • May 9, 2009 12:50pm May 9, 2009 12:50pm
Hi Steve could you create an EA for this from what you have ?

I cannot code at all in meta trader in my old plateform no problem...

Here are the signals for last week on GBPUSD the arrow is the trade direction the red line is the 161.8 fib TP..the losing signal is depicted by the green line on the SL point

Cheers

Paul
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  • #285
  • May 10, 2009 8:41am May 10, 2009 8:41am
Quoting Rastaman
Attachment


Sure, NP. Here is the auto fibo, the antbreakout and the template.

This is a good one with the SDX indicator warns you that a possible breakout is taking place.
hi friend.. this is an awsome ts..
please explain how should i use those rentracments..
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  • #286
  • May 10, 2009 11:06am May 10, 2009 11:06am
Yes ea would b great. Then we could test different pairs based on what session opens. Make breakout time a variable
  • #287
  • May 10, 2009 3:39pm May 10, 2009 3:39pm
Hello,

really interesting system.

I have some questions and I hope you can help me.

1. Can somebody explain me how to configure the fib-tool in that way it also
shows the quotes?

2. 1 trade a day means that you don't take another trade after you got
stopped out? One example is shown on the picture below.
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  • #288
  • May 10, 2009 3:51pm May 10, 2009 3:51pm
Hi

Yes one trade per day win lose or draw..to get the price on the fib tool just put %$ after the value in description..have attached piccy to help

cheers

P
Attached Image
  • #289
  • May 10, 2009 4:18pm May 10, 2009 4:18pm
Quoting Paulus
Hi

Yes one trade per day win lose or draw..to get the price on the fib tool just put %$ after the value in description..have attached piccy to help

cheers

P
Thanks alot for the fast answer. I have another question:

I think most of the time you will be invested in all of your pairs at the same time. When you risk 3% of your account per currencypair you will risk x*3% (X=number of pairs) overall. What is your max risklevel a day?
  • #290
  • May 10, 2009 5:11pm May 10, 2009 5:11pm
me ....watching just 2 pairs just 6%

P
  • #291
  • Edited 10:25pm May 10, 2009 9:43pm | Edited 10:25pm
This is something strange I stumbled on over the weekend.

Shift the TF to a m15 chart, find the longest candle over the whole 24 hour period and put a red line on the top as resistance and a green line on the bottom as support, highlight the area between the two lines with a reasonably long rectangle so you will be able to identify the area quickly. Shift the chart to an H1 TF and watch where the breakout of the GREEN 5EMA occurs.

Don't ask me why this works but it appears to be consistent, even the Sunday bar seems to work.
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Starting to see instead of just looking.
  • #292
  • Edited 10:21pm May 10, 2009 10:10pm | Edited 10:21pm
Ok let's see what happens today.

The chart is a H1 EUR/JPY.
I have marked the Sunday longest candle tops and bottoms with RED lines, the Friday candle with PURPLE lines and the vertical RD line will be the close of the Asian session.

If this works the break UP or DOWN will be at either 134.81 or 134.32 based on the Sunday candle.

Based on the Friday candle it will be at either 133.91 or 133.09.
I know this is a rather large range and this is because we are testing this with the Sunday candle as part of this equation but, I am sure we will be able to see which of the setups is most valid.

If it works it may help to determine the break on the original system after the London open.
Attached Image
Starting to see instead of just looking.
  • #293
  • May 10, 2009 11:14pm May 10, 2009 11:14pm
GBP/USD H1 breakout will be at either LONG 1.5237 SHORT 1.5201 based on the Sunday candle.

Or, LONG 1.5120 SHORT 1.5056 based on the Friday candle.
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Starting to see instead of just looking.
  • #294
  • May 10, 2009 11:37pm May 10, 2009 11:37pm
USD/JPY based on the Sunday bar should breakout out high or low as in this chart.
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Starting to see instead of just looking.
  • #295
  • May 11, 2009 1:35am May 11, 2009 1:35am
let's try
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  • #296
  • May 11, 2009 1:44am May 11, 2009 1:44am
Quoting Rastaman
GBP/USD H1 breakout will be at either LONG 1.5237 SHORT 1.5201 based on the Sunday candle.

Or, LONG 1.5120 SHORT 1.5056 based on the Friday candle.
hi man, i would like to have also 200% rentracment.. and not only for short but also for long... i mean: in you template you post only the rentracment with -618 etc i would like to have also +618... instead i can drow them by my self

i need them in both direction..
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  • #297
  • May 11, 2009 1:51am May 11, 2009 1:51am
Quoting pattinatore
hi man, i would like to have also 200% rentracment.. and not only for short but also for long... i mean: in you template you post only the rentracment with -618 etc i would like to have also +618... instead i can drow them by my self

i need them in both direction..
also why the fibo is from a candle out from the range?? i stay in italy.
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  • #298
  • May 11, 2009 1:55am May 11, 2009 1:55am
Hi Rastaman

Looks good but let me re cap as my brain is hurting from last night...no not the wine the song the dance...the Mother in law !!


A few question ....you say take the largest candle in a 24 hour period line at the high line at the low..

Then

The following day look for a break of either of these 2 lines by the 5 ema ,even if the break occurs in the Asian session whilst the Asian High low is being created

Is that correct ?

Cheers

Paulus
  • #299
  • Edited 4:07am May 11, 2009 2:32am | Edited 4:07am
Quoting Paulus
Hi Rastaman

Looks good but let me re cap as my brain is hurting from last night...no not the wine the song the dance...the Mother in law !!


A few question ....you say take the largest candle in a 24 hour period line at the high line at the low..

Then

The following day look for a break of either of these 2 lines by the 5 ema ,even if the break occurs in the Asian session whilst the Asian High low is being created

Is that correct ?

Cheers

Paulus

Yes, that is correct but the chart you mark the breakout points must be a M15 chart, then move up to the H1 and that is where it occurs. Also 5EMA must cross the breakout points. This does not have to be the Asian session, it carries over for 24 hours.


The Sunday candle is looking right now as if it may prevail over the Friday candle.


Looks like USD/JPY brokeout right on the dot.
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Starting to see instead of just looking.
  • #300
  • May 11, 2009 4:11am May 11, 2009 4:11am
EUR/GBP just made a breakout also at the point we estimated.

Let's watch these run.
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Starting to see instead of just looking.
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