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Attachments: 0400-0700 GMT Breakout Strategy
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0400-0700 GMT Breakout Strategy

  • #621
  • Aug 4, 2009 10:18am Aug 4, 2009 10:18am
Quoting FX.Sniffer
Hi fed, I don't care about it but 1-3 pips would be fine. As you see I take in consideration other analysis like PA, etc.

A comment about the cable now; the candle already closed & the RSI touched level 50 but didn't cross it. So I got out with 20pips, and will enter again if the RSI cross down but this time I'll wait for the candle to confirm.

Cheers,
I see what you are saying, the 15min is too bouncy today, one moment it breaks the line and then goes back to the opposite side again...
  • #622
  • Aug 4, 2009 10:25am Aug 4, 2009 10:25am
Thanxs FX.Sniffer
I understand now. I did back test on 15min TF and thats why that was wrong. I see that RSI is also important like EMA90.
  • #623
  • Aug 4, 2009 10:27am Aug 4, 2009 10:27am
Quoting fed
I see what you are saying, the 15min is too bouncy today, one moment it breaks the line and then goes back to the opposite side again...
Yes today is a good example of a bad day for the GU but take a look at the 15M GJ & EJ...so nice ha?
Sniffing Snake's Tracks...
  • #624
  • Aug 4, 2009 10:34am Aug 4, 2009 10:34am
Quoting FX.Sniffer
Yes today is a good example of a bad day for the GU but take a look at the 15M GJ & EJ...so nice ha?

That's right but does it important if we use 15m or 1h TF?
  • #625
  • Aug 4, 2009 10:52am Aug 4, 2009 10:52am
Quoting olie02
Thanxs FX.Sniffer
I understand now. I did back test on 15min TF and thats why that was wrong. I see that RSI is also important like EMA90.
olie,

Even if it's the 15m TF, you would get an earlier & confident entries. For example; look at GJ today on the 1H.... it's still above the EMA but on the 15M you have an entry when the price brokeout below the box and crossed below the EMA around 160.80 then fall to 70pips approx.

Just trade what you feel comfortable with.
Sniffing Snake's Tracks...
  • #626
  • Edited 4:24pm Aug 4, 2009 11:00am | Edited 4:24pm
Guys .. IMHO trade this with SMA 55 has much better results then EMA 90 on GU. And you don't have to worry about if ema 90 is under, above or inside the range.

just check if SMA 55 is green or red

I have only 15 pips TP

GE.

To FED .. we were so close to HG
To Bobcat2 .. any nails left?
Attached Image (click to enlarge)
Click to Enlarge Name: sma55.gif Size: 54 KB
Some pursue happiness, others create it.
  • #627
  • Aug 4, 2009 3:33pm Aug 4, 2009 3:33pm
Quoting FX.Sniffer
olie,

Even if it's the 15m TF, you would get an earlier & confident entries. For example; look at GJ today on the 1H.... it's still above the EMA but on the 15M you have an entry when the price brokeout below the box and crossed below the EMA around 160.80 then fall to 70pips approx.

Just trade what you feel comfortable with.
Yes I agree with that but today trade on g/u was very complicated. Did you set order buy stop? (90EMA was below price and RSI above 50 and went up) About 6:00am GMT on 1h TF the order was opened and next after 20 pips turn round. My SL has caught. The same in 15m TF. Is it some of kind blank in this strategy? :/
  • #628
  • Aug 4, 2009 4:02pm Aug 4, 2009 4:02pm
Quoting genius75
Guys .. IMHO trade this with SMA has much better results then EMA 90 on GU. And you don't have to worry about if ema 90 is under, above or inside the range.

just check if SMA 55 is green or red

I have only 15 pips TP

GE.

To FED .. we were so close to HG
To Bobcat2 .. any nails left?
genius absolutely genius , is that why you were asking for colored MA? Iwill check it out, sounds easier to identify them, thanks for sharing.
  • #629
  • Aug 4, 2009 4:09pm Aug 4, 2009 4:09pm
Today's chart

Great day again. No need to catch 100 pips .. just add more contracts. 15x ...

GE.
Attached Image (click to enlarge)
Click to Enlarge Name: sma551.gif Size: 44 KB
Some pursue happiness, others create it.
  • #630
  • Aug 4, 2009 4:10pm Aug 4, 2009 4:10pm
Yeah. I have no clue how people can read ema angles just with one color

Quoting fed
genius absolutely genius , is that why you were asking for colored MA? Iwill check it out, sounds easier to identify them, thanks for sharing.
Some pursue happiness, others create it.
  • #631
  • Aug 4, 2009 4:15pm Aug 4, 2009 4:15pm
To FED .. Damn Fibonacci .. we were so close ..
Some pursue happiness, others create it.
  • #632
  • Aug 4, 2009 4:42pm Aug 4, 2009 4:42pm
Quoting genius75
To FED .. Damn Fibonacci .. we were so close ..
Who knows, if we knew how to use the fiblines then we could have the HG. The creator of the fib lines should be able to make some decent pips.
  • #633
  • Aug 4, 2009 4:44pm Aug 4, 2009 4:44pm
Quoting genius75
we were so close to HG
I dont think this will work.
  • #634
  • Aug 4, 2009 4:46pm Aug 4, 2009 4:46pm
Nope. Not at all .. it takes low and high of actual prices .. useless for me ..

Quoting tasciy
I dont think this will work.
Some pursue happiness, others create it.
  • #635
  • Edited 6:22pm Aug 4, 2009 5:15pm | Edited 6:22pm
I don't think anyone would release the info if the HG is found.
  • #636
  • Aug 4, 2009 5:48pm Aug 4, 2009 5:48pm
Genius75,
can you tell me what times you use for this set up? I am still using 2-5GMT?
  • #637
  • Aug 4, 2009 6:44pm Aug 4, 2009 6:44pm
Quoting genius75
Today's chart

Great day again. No need to catch 100 pips .. just add more contracts. 15x ...

GE.
looks like you are scalping for 10 pips?
  • #638
  • Aug 5, 2009 12:54am Aug 5, 2009 12:54am
Quoting genius75
Guys .. IMHO trade this with SMA 55 has much better results then EMA 90 on GU. And you don't have to worry about if ema 90 is under, above or inside the range.

just check if SMA 55 is green or red

I have only 15 pips TP

GE.

To FED .. we were so close to HG
To Bobcat2 .. any nails left?
Hi genius,

Besides the SMA 55, the EA you use in this chart (box of blue & green):
Can you post to share? Or pls tell me where to download.
Simple is powerful all the time.
  • #639
  • Aug 5, 2009 12:56am Aug 5, 2009 12:56am
Thank you Fx.Sniffer

How about today?
Will you place order for SELL ?
It seems that this candle will close with RSI <50
  • #640
  • Aug 5, 2009 1:03am Aug 5, 2009 1:03am
I am using box 0-4 CET (I am in Italy)

22-2 GMT

Another thing is to use the right broker for this setting. I have FXDD (good one) and Interbank FX Trader 4 (not so good one)

Look at the pictures.

We would be Stop out yesterday with Interbank. But not with FXDD.

I am done for today. I have my 15 ticks (trading with E-micro Forex Futures). I paid only $4.40 .. not 2-4 spread.

Download demo from FXDD.

GE.

BTW: I have somewhere EA, but I am not using that. I have only indicators on my charts. Download the template too. If you use 5 digits broker setup the buffer to 150 or so.

Quoting RiverTrader
Hi genius,

Besides the SMA 55, the EA you use in this chart (box of blue & green):
Can you post to share? Or pls tell me where to download.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: bad interbank.gif Size: 50 KB
Click to Enlarge Name: good FXDD.gif Size: 51 KB
Attached File(s)
File Type: mq4 Clock_v1_2.mq4   16 KB | 478 downloads
File Type: mq4 BreakOut_PANCA_EAGLE__indicator.mq4   7 KB | 579 downloads
File Type: mq4 MA in Color_wAppliedPrice.mq4   5 KB | 527 downloads
File Type: tpl my_daily_0-4 range.tpl   57 KB | 509 downloads
Some pursue happiness, others create it.
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