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4H Strategy with RSX and Murray Math

  • #201
  • May 21, 2009 6:08pm May 21, 2009 6:08pm
Quoting zappolo
A GBPUSD update....price touched 2/8 level that bacame 6/8 and now stalling...waiting for a downride to TP!!!
Hi Zappolo,

May I ask how was your SL for this trade?The reason I am asking because my SL got hit!

Thanks
Mike
Failure, is a wonderful teacher!
  • #202
  • Edited 10:05pm May 21, 2009 8:35pm | Edited 10:05pm
Quoting mike1349
Hi Zappolo,

May I ask how was your SL for this trade?The reason I am asking because my SL got hit!

Thanks
Mike

http://blogs.fxstreet.com/marketreadings/

Looks like the big boys are gonna play hard for the next couple of weeks...

One thing I might suggest is the Manage Take Profit EA-- I've been using it for several months. I have lost potential pips-- but it keeps most of losses at either Break even or a few pips more. I like the fact that you can close part of your trade and let the rest continue on for basically free "if SL" was to be hit. It does take some getting used too-- and yes you can scalp as low 1 pip with it
  • #203
  • May 22, 2009 6:08am May 22, 2009 6:08am
Quoting mike1349
Hi Zappolo,

May I ask how was your SL for this trade?The reason I am asking because my SL got hit!

Thanks
Mike
GBPUSD SL 1.6
USDCHF SL 1.08

I know that they are a big risk, but using 4H timeframe you have big movements to control!!!
  • #204
  • May 23, 2009 4:31am May 23, 2009 4:31am
Hi zappollo, I think that soon GBPUSD will go down and USDCHF will go up!!! I have a TP similar to your!!!

  • #205
  • May 24, 2009 4:55am May 24, 2009 4:55am
Yes, GBPUSD is topping and USDCHF is bottoming...I don't know if will see a gap on opening, but then we will go right to TP!!!
Here you can see USDCHF. We are at thee bottom, ready to go up at least to TP!!!
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  • #206
  • May 24, 2009 5:38am May 24, 2009 5:38am
GU is really overbought, topping and ready to TP...
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  • #207
  • May 24, 2009 7:43am May 24, 2009 7:43am
What let me think is that everyone says that GBPUSD will go up for long time....can it be so simple? If it would be so there will be a lot of winners....and this is impossible!!!
It remembers me when they said that oil would have arrived soon to 200 and more...look at where it is!!!
I'm always more sticked to my short!!!
  • #208
  • May 25, 2009 2:25am May 25, 2009 2:25am
A GU update
Attached Image (click to enlarge)
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  • #209
  • May 25, 2009 3:03am May 25, 2009 3:03am
Let's go, GU has started going down...
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  • #210
  • May 25, 2009 5:00am May 25, 2009 5:00am
I haven't started shorting it again yet- But I am watching the daily RSX and waiting for mkt volume to return
Attached Image (click to enlarge)
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  • #211
  • May 26, 2009 4:55pm May 26, 2009 4:55pm
USDCHF is retesting it's lows, and GU it's highs....I'm waiting for their moves!!!
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  • #212
  • May 26, 2009 5:11pm May 26, 2009 5:11pm
As you can see GU is stalling (and in my opinion topping) on Monthly R3!
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  • #213
  • May 27, 2009 6:24am May 27, 2009 6:24am
USDCHF is climbing in the direction of the TP! GU is starting to invert it's direction...
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  • #214
  • May 27, 2009 12:46pm May 27, 2009 12:46pm
I have been followin and trading with your system and think you have done a very nice job!!! well done... I have started to look and see if you could us Prabolic SAR for either a entery or exit and though as its your system, what you think??
look forward to your feed back
  • #215
  • May 27, 2009 1:34pm May 27, 2009 1:34pm
Quoting josh11
I have been followin and trading with your system and think you have done a very nice job!!! well done... I have started to look and see if you could us Prabolic SAR for either a entery or exit and though as its your system, what you think??
look forward to your feed back
Since your all ready using the semafors--That's what I use...
  • #216
  • May 27, 2009 4:39pm May 27, 2009 4:39pm
I've never used PSar, so I don't know...! It seems that GU and USDCHF has turned....
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  • #217
  • May 28, 2009 1:01am May 28, 2009 1:01am
A GU update...as you can see on RSX we have a lot of room on the downside....
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  • #218
  • May 28, 2009 6:52am May 28, 2009 6:52am
Quoting zappolo
GBPUSD SL 1.6
USDCHF SL 1.08

I know that they are a big risk, but using 4H timeframe you have big movements to control!!!
Hi Zappolo,
Since I am learning this method I was wondering how did you handle this SL?

Is it got hit and you entered new shorts or you moved your SL higher?

Thanks
Mike
Failure, is a wonderful teacher!
  • #219
  • May 28, 2009 9:36am May 28, 2009 9:36am
Quoting mike1349
Hi Zappolo,
Since I am learning this method I was wondering how did you handle this SL?

Is it got hit and you entered new shorts or you moved your SL higher?

Thanks
Mike
I have the same question....in his first post he spoked about the margin problem, but he didn't explained it...
  • #220
  • May 28, 2009 1:21pm May 28, 2009 1:21pm
Quoting karl72
I have the same question....in his first post he spoked about the margin problem, but he didn't explained it...
Eh, eh...nice question! It's not so simple to explain how I use my SL...usually looking at the market I try to understand if it is a wrong trade or I only need some patience. Espacially with GJ sometimes I had also a 400 pips drawdown, but then it came back to TP...!
F.e. if a market acts as GBPUSD in these days (stalling on monthly R3) usually I move SL not to close my position. Other times if it goes on in the "wrong direction" I close my position at SL.
This is the less mechanical part of my system, and for this reason I never built an EA for my sytstem...
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