Mrs V's fave 1 min entry | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Scripts for Limit entry, Stop entry, Market entry 47 replies

FXCM - No Entry Orders before the... 43 replies

short on eur/us..my entry order got blown by 11 replies

15 min indicator on 5 min chart 3 replies

Attachments: Mrs V's fave 1 min entry
Exit Attachments

Mrs V's fave 1 min entry

  • #121
  • Edited 7:23am May 22, 2009 7:10am | Edited 7:23am
So all in all a good day, a couple of mistakes but also a couple of losing trades avoided by a good look at what was happening on 5 min chart.

Time for a late lunch.

Cheers

Thanks again Royston for the indis, I find fewer traffic light candles helps focus when they do happen. Mrs Vs traffic lights v3.
  • #122
  • May 22, 2009 2:54pm May 22, 2009 2:54pm
Quoting Vantage
After HL 3 on 5 min.

See signal on 1 min. Exited for 21 when pa obviously struggled at y's high.
Hey V,

Fun to watch!

Question, why did you take 13:55 as that signal, as opposed to 2 candles earlier @ 13:53 - (I'm guessing you wanted to see that prior high taken out before you got in).

Thx.

VBro
  • #123
  • May 22, 2009 9:47pm May 22, 2009 9:47pm
Hi Vantage , Great thread and thanks for all the knowledge and time spent answering Questions ..... thought i'd add this , i find it usefull for making trades for a preset stop loss then get out as i desire or let it run to my settings ... i find it usefull for quick pips .....no adjusting on my order ticket . The ea preset setting do it for me ....buffalopip...
Attached File(s)
File Type: mq4 UpdateStops.mq4   9 KB | 272 downloads
  • #124
  • May 23, 2009 2:36am May 23, 2009 2:36am
Quoting vbro
Hey V,

Fun to watch!

Question, why did you take 13:55 as that signal, as opposed to 2 candles earlier @ 13:53 - (I'm guessing you wanted to see that prior high taken out before you got in).

Thx.

VBro
Hi Vbro, nice to chat to you again.

No major reason, it gave a signal, stalled 1 candle and then gave another signal. We did not see it as 1 of those double tops that we hate on 1 min chart.

You could easily have taken that one when it went 1 pip up beyond the 13.53 first signal candle. We waited and of course if the candle we took ran on too long we would have missed out on that one. It worked out nicely though.

Cheers.
  • #125
  • May 23, 2009 2:37am May 23, 2009 2:37am
Quoting buffalopip
Hi Vantage , Great thread and thanks for all the knowledge and time spent answering Questions ..... thought i'd add this , i find it usefull for making trades for a preset stop loss then get out as i desire or let it run to my settings ... i find it usefull for quick pips .....no adjusting on my order ticket . The ea preset setting do it for me ....buffalopip...
Thanks Buffalopips looks very handy.
  • #126
  • May 25, 2009 4:07am May 25, 2009 4:07am
Missed frankies hour trade but I see Islander has posted these elsewhere.

A lower high reject of W M3 gave several opportunities to enter GU from 1 min.

Volume has fallen off so in view of the UK and US holidays and as I've got a few things to do I think I'm finished for the day.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu 5 min.gif Size: 17 KB
Click to Enlarge Name: gu 1 min.gif Size: 21 KB
  • #127
  • May 25, 2009 6:51am May 25, 2009 6:51am
Quoting Nedify
Royston, would it be possible to allow for a choice of using a 20ema in the traffic lights? As a matter of personal preference I like the 20ema on the 5m chart, esp. for the yen crosses where a slightly faster ma can be better imo.
Try this, Ned. As ever, run with the original version for a bit to make sure it is giving signals where you expect them.
Attached File(s)
File Type: mq4 Mrs V traffic lights 04 with filters and configurable ema.mq4   8 KB | 370 downloads
  • #128
  • May 25, 2009 6:59am May 25, 2009 6:59am
Quoting Royston
Try this, Ned. As ever, run with the original version for a bit to make sure it is giving signals where you expect them.
Thanks once again you're a star.
  • #129
  • May 25, 2009 10:10am May 25, 2009 10:10am
Hi mrs V
Great thread, been trying it on demo for the last few days, I don't seem to be getting the line on my chart when there is a signal, am I doing something wrong. Your time is much appreciated, Thanks
  • #130
  • May 26, 2009 2:14am May 26, 2009 2:14am
Quoting paris
Hi mrs V
Great thread, been trying it on demo for the last few days, I don't seem to be getting the line on my chart when there is a signal, am I doing something wrong. Your time is much appreciated, Thanks
No paris the red lines are ones I've put on to show the trades. Work from the traffic lights which will light up red/green when theres a signal.

I'm using v3 at the moment with the 'only 34' option set to true.

V

Mrs V in the shower!!
  • #131
  • May 26, 2009 2:45am May 26, 2009 2:45am
Mrs V's in the shower! Too much information!!

Had one trade tonight - entry after 9:47 FxPro time and out with +15 It's been difficult to find a trade since. But that's ok, the market will sort itself out.
  • #132
  • May 26, 2009 2:50am May 26, 2009 2:50am
Quoting orientos
Mrs V's in the shower! Too much information!!

Had one trade tonight - entry after 9:47 FxPro time and out with +15 It's been difficult to find a trade since. But that's ok, the market will sort itself out.

Yeah its been tricky this morning, there are times when theres no clear lh's/hl's. Or when they happen they've run a little far.

No problem something will happen soon enough.
  • #133
  • May 26, 2009 2:54am May 26, 2009 2:54am
For the moment it looks like 1.5834 y's low is going to be gu's turning point. We'll see if it holds.
  • #134
  • May 26, 2009 3:00am May 26, 2009 3:00am
Quoting orientos
Had one trade tonight - entry after 9:47 FxPro time and out with +15 It's been difficult to find a trade since. But that's ok, the market will sort itself out.
Forgot to say well done on +15. With small stops you can use decent lot size for your capital and still maintain very good MM so +15 still becomes a good trade to have in the bank.

This system will give you good entries into the longer runs, even if it doesn't a few 15 pip trades in the bank every day will give you a great ROI at the end of the month.

Cheers
  • #135
  • May 26, 2009 3:05am May 26, 2009 3:05am
I've said it elsewhere but I'll repeat it as the analogy is so good.

One of the most successful people I've met kept a record of all his sales in an A4 book. On each page was a big sale, the point was he never, ever turned his nose up at the smaller sales. Keeping his bank balance rolling with bread and butter business kept him sane and 1 deal closer to a biggie.

So keep your bank balance moving, bank pips and the big runs will come.
  • #136
  • Edited 4:10am May 26, 2009 3:58am | Edited 4:10am
With ej hovering around 1.32 and gu 1.5850 we put up eu to see what was happening. A failrly clean close on 5 min below 1.3950.

The 1 min chart red line shows the close of the highlighted 5 min candle. A clean entry about 5 mins later. Some patience rewarded.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 5 min.gif Size: 16 KB
Click to Enlarge Name: eu 1 min.gif Size: 19 KB
  • #137
  • Edited 5:12am May 26, 2009 4:04am | Edited 5:12am
GU did break below y's low at 1.5834 (hate breakout trades) and an inevitable retrace gave a signal, by that time we looking at eu.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu 1 min.gif Size: 20 KB
Click to Enlarge Name: gu 5 min.gif Size: 17 KB
  • #138
  • May 26, 2009 4:09am May 26, 2009 4:09am
EJ by comparison was a bit of a mess, signals came but candles were large for 1 min chart.

The key for eu was price stayed below 1.3950 on 5 min where ej price was above and below 132.00 the whole time making eu the better choice.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej 5 min.gif Size: 17 KB
Click to Enlarge Name: ej 1 min.gif Size: 26 KB
  • #139
  • May 26, 2009 4:34am May 26, 2009 4:34am
Good commentary this morning Mr V, much appreciated, and really helpful, particularly the reasoning about why you changed your focus from one pair to another.

I have previously only traded EU, but this week changed to GU and EJ to better follow your comments- sod's law really http://www.forexfactory.com/images/icons/icon7.gif . I took the GU trade you highlighted, but then closed at break even when my platform froze. I am wary about entering again as the run is looking a bit long in the tooth now, with the 5 min forming a small triangle.
  • #140
  • May 26, 2009 4:43am May 26, 2009 4:43am
Quoting Royston
Good commentary this morning Mr V, much appreciated, and really helpful, particularly the reasoning about why you changed your focus from one pair to another.

I have previously only traded EU, but this week changed to GU and EJ to better follow your comments- sod's law really http://www.forexfactory.com/images/icons/icon7.gif . I took the GU trade you highlighted, but then closed at break even when my platform froze. I am wary about entering again as the run is looking a bit long in the tooth now, with the 5 min forming a small triangle....
Sorry about that Royston, but 9 days out of 10 ej and gu will be better, just as clean looking charts and longer runs. It was pure luck that we put eu up in time to see the trade.

I agree with you on the long run. I stopped looking at the charts about 20-30 minutes ago (shopping for dvd's online). If Frankies hour and LO have a good run I'm ususally finished about 6am est, if LO has been particularly quiet then thats when it'll start.

As FO and LO were big moves I expect it'll quieten down until pre US moves around 7.30 est.
0 traders viewing now