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  • #131,461
  • Aug 14, 2009 3:25am Aug 14, 2009 3:25am
Quoting Turtle4x
does any body here use PSAR?

what are your values? lets say for M5, M15, H1?
check my signature...
  • #131,462
  • Aug 14, 2009 3:29am Aug 14, 2009 3:29am
Just see why it not coming down the great wall of 51 again another great wall at the top seems mid point of daily channel.So pointing to the top again ? carry on PA.

May be I have to place pending orders at 1.43,11,28 & left for next session.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #131,463
  • Aug 14, 2009 3:31am Aug 14, 2009 3:31am
Quoting siobi
check my signature...
thanks.
so you are using standard setings (0.02, 0.2)?
  • #131,464
  • Aug 14, 2009 3:33am Aug 14, 2009 3:33am
Quoting Turtle4x
thanks.
so you are using standard setings (0.02, 0.2)?

yes, but for highe timeframe
  • #131,465
  • Aug 14, 2009 3:33am Aug 14, 2009 3:33am
Long OR Short For The Night ; Why?
  • #131,466
  • Aug 14, 2009 3:34am Aug 14, 2009 3:34am
Quoting siobi
yes, but for highe timeframe

thanks
  • #131,467
  • Edited 3:45am Aug 14, 2009 3:36am | Edited 3:45am
Quoting Atlast
your entries are most probably lacking a timing factor, rather than a price factor. your entries are most probably lacking a timing factor, rather than a price factor.
The biggest mistake I continuously (not repeatedly) did in last over ten years (yes, 10 years) was to focus on finding a method without considering the basic concepts. Therefore tried several methods with tiny tiny positions. Discarded many and shortlisted few. The only drawback is the time available in forward testing a longer term strategy. Charts on bigger and smaller TFs may look alike but trading on bigger and smaller TFs can never be the same. To cut the BS out, you have hit the bulls eye in your above statement. This game is all about timing. Reread Jesse Livermore, his edge was timing, nothing else. Plus "variability" feature of spreads is number one killer of short term traders.

ps. You may like to read this link for details about my new method risk/reward etc.
http://www.forexfactory.com/showpost...&postcount=206
The Thief of Wall Street
  • #131,468
  • Aug 14, 2009 3:37am Aug 14, 2009 3:37am
Quoting fontu
Let the bull run I will only short today without sl & tp.
fontu



Already took one short at 1.43 and i actually want it to go a bit higher so i can get better entries..will only consider stops if 1.4450 gives way, so far i am seeing nothing that can create any interest, maybe things will improve after CPI release otherwise will leave open and limit sell entries over the weekend
Some drink at the fountain of knowledge. Others just gargle !
  • #131,469
  • Aug 14, 2009 3:46am Aug 14, 2009 3:46am
1.4287 low risk trade with 8 pip SL. If not stopped out, and moves in favout, set to BE+1 and let it ride. If stopped out take the loss, and wait for next set up as it's dangerous to jump on a moving target.
  • #131,470
  • Aug 14, 2009 3:46am Aug 14, 2009 3:46am
Quoting plan-b


Already took one short at 1.43 and i actually want it to go a bit higher so i can get better entries..will only consider stops if 1.4450 gives way, so far i am seeing nothing that can create any interest, maybe things will improve after CPI release otherwise will leave open and limit sell entries over the weekend
Hope you will not repent for it but not thinking any big breakout this week . if any breakout for any news to 1.4126 I will not be astonished. and up over 1.43 not likely but upto 1.4350 max can consider.will check trades in the evening .
I mainly looking this diamond in h4.

fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #131,471
  • Aug 14, 2009 3:48am Aug 14, 2009 3:48am
Quoting Chicky
The biggest mistake I continuously (not repeatedly) did in last over ten years (yes, 10 years) was to focus on finding a method without considering the basic concepts. Therefore tried several methods with tiny tiny positions. Discarded many and shortlisted few. The only drawback is the time available in forward testing a longer term strategy. TFs may look alike but trading on bigger and smaller TFs can never be the same. To cut the BS out, you have hit the bulls eye in your above statement. This game is all about timing. Reread Jesse Livermore,...

Here is an example of a very simple one i use
Monday bought 1 lot at 1.42 (1:1 stress free gearing)
Tuesday price went against me to 1.41..No panic, added another lot to bring price to around 1.415
Wednesday price turned around in my favor and i collected my profit(1% of my account) on its way to above 1.43

Did something similar on gu and my account is up almost 5% this week

I have taken 1:1 short on eu @ 1.43 and gu @ 1.66 no stop or target
Some drink at the fountain of knowledge. Others just gargle !
  • #131,472
  • Aug 14, 2009 3:49am Aug 14, 2009 3:49am
Quoting Atlast
1.4287 low risk trade with 8 pip SL. If not stopped out, and moves in favout, set to BE+1 and let it ride. If stopped out take the loss, and wait for next set up as it's dangerous to jump on a moving target.

pending buy 1.4259 looking 1.4277....

now 1.4281... no chance to enter...
beware of the Resistance point at 1.4291
  • #131,473
  • Edited 3:59am Aug 14, 2009 3:53am | Edited 3:59am
I found this off Baby pips by someone named James.So he gets credit for this.Basically 30 min chart--macd and psar standar settings.When Macd cross and on psar dot 1 or 2 is a signal.3 dot possible but not sure . I guess but you'll have to play with it yourself and well you'll get the Idea on pic.I set vertical lines off a hair so you can see.What do you think?
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  • #131,474
  • Aug 14, 2009 3:54am Aug 14, 2009 3:54am
Quoting siobi
pending buy 1.4259 looking 1.4277....

now 1.4281... no chance to enter...
beware of the Resistance point at 1.4291
I am thinking sell at that level.
  • #131,475
  • Aug 14, 2009 3:55am Aug 14, 2009 3:55am
Quoting Atlast
.....snip..... it's dangerous to jump on a moving target.
Never a truer word spoken. I now have, and it took a while, the discipline to let the train go once it has left the station. Sure as hell you'll get hurt trying to jump the gap. Let it go, another train will be along sooner or later....go make some coffee and take a seat in the waiting room!!

5c

Doing what you like is Freedom. Liking what you do is Happiness.
  • #131,476
  • Aug 14, 2009 3:56am Aug 14, 2009 3:56am
Quoting plan-b
Here is an example of a very simple one i use
Monday bought 1 lot at 1.42 (1:1 stress free gearing)
Tuesday price went against me to 1.41..No panic, added another lot to bring price to around 1.415
Wednesday price turned around in my favor and i collected my profit(1% of my account) on its way to above 1.43

Did something similar on gu and my account is up almost 5% this week

I have taken 1:1 short on eu @ 1.43 and gu @ 1.66 no stop or target
This is a game(gambling) theory, without technical analysis. -used in roulette, it's name: Monte Carlo -
  • #131,477
  • Aug 14, 2009 3:57am Aug 14, 2009 3:57am
Quoting Atlast
I am thinking sell at that level.
191 fib extension off 15 min chart
  • #131,478
  • Aug 14, 2009 4:11am Aug 14, 2009 4:11am
I took sell at 1.4284
  • #131,479
  • Aug 14, 2009 4:11am Aug 14, 2009 4:11am
Quoting plan-b
Here is an example of a very simple one i use
Monday bought 1 lot at 1.42 (1:1 stress free gearing)
Tuesday price went against me to 1.41..No panic, added another lot to bring price to around 1.415
Wednesday price turned around in my favor and i collected my profit(1% of my account) on its way to above 1.43

Did something similar on gu and my account is up almost 5% this week

I have taken 1:1 short on eu @ 1.43 and gu @ 1.66 no stop or target
1. I used to do the same. Then once, risk grew to 30% for a profit target of 1.5%. Asked for help right on this thread, many friends came forward and helped me develop a revised method.

2. Now follow a fixed profit/loss amount. Either one way or the other. I do not change my trades once entered (though enter in 2 to e3 lots, fine-tune the sl and Tp positions, etc).

I need only more than 50% winners with 1:1 risk reward. That alone is a gold mine for me, ........and it is.
The Thief of Wall Street
  • #131,480
  • Aug 14, 2009 4:13am Aug 14, 2009 4:13am
Quoting luis.v.suft
This is a game(gambling) theory, without technical analysis. -used in roulette, it's name: Monte Carlo -

No gambling here mate, I would not have entered short at 1.43 if i had not carefully studied PA..The key here is appreciating that leverage is a double edged sword..Once you take that out by low gearing you greatly increase your survival chances
Some drink at the fountain of knowledge. Others just gargle !
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