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some trades...

  • #61
  • Nov 8, 2005 4:03pm Nov 8, 2005 4:03pm
thanks dial..now i have missed my cable entry post..

long cable 1.7437 SAR 1.7359 (wide sar, plan trade size accordingly) - will seek to tighten this later and place TP .. short on time at moment

sorry entry is a bit after the fact.. was busy responding to another thread...

edu - short on time, but will answer ur question in a few hrs..

Rgds..
  • #62
  • Nov 8, 2005 5:49pm Nov 8, 2005 5:49pm
eur/usd - limit long placed at 1.1781 ... expecting a move higher over next 2-3 hrs, will update with SL/TP following entry if it gets there..
---------
gbp/usd - position unchanged
---------

Rgds..
  • #63
  • Nov 8, 2005 6:05pm Nov 8, 2005 6:05pm
Quoting edu
Hello Derek! Nice thread you have here.
Could you please explain how you got to the conclusion that the "expected window for correction had closed" at that particular time?

Thanks,
Edu
Hi Edu, Yes, i always try to use my analysis techniques to create lines in the sand.. places where the mkt can only be long or short, the same analysis can likewise be applied to time...to understand "what is possible, when" so if expecting a corrective move higher (against prevailing trend) i know it must happen by Xtime.. if not then it becomes exponentially less likely to occur...there is no secret to this, just good application of basic TA

after understanding the above, all that is left ot due is plan a proper trade given the technical situation and potential catalysts.

Hope this answers your question

Rgds..
  • #64
  • Nov 8, 2005 9:50pm Nov 8, 2005 9:50pm
e/$ - i am cancelling the limit buy and buying at market (1.1768) intial SL 1.1733 (35pip) TP1 1.1838 (70pip), TP2 1.1878 (110pip)

cable target set to 1.7540

http://img486.imageshack.us/img486/2464/eurusd1ai.png

10-12 hr timeframe for initial targets

Rgds..
  • #65
  • Nov 8, 2005 10:04pm Nov 8, 2005 10:04pm
How are these 0, 1, 2 & 3 areas divided up in your chart? By time since there is a lower low than at 0?

Also while the daily pivot is acting like strong magnet, the 4H chart seems quite bearish for the Euro. The TOPS indicator on the 1H is heading south bouncing off the first upper band which would indicate the same thing.
  • #66
  • Nov 9, 2005 6:12am Nov 9, 2005 6:12am
Quoting dsvt1
e/$ - i am cancelling the limit buy and buying at market (1.1768) intial SL 1.1733 (35pip) TP1 1.1838 (70pip), TP2 1.1878 (110pip)
cable target set to 1.7540
10-12 hr timeframe for initial targets

Rgds..
e/$ stopped for -35pip, cable postion unchanged, but close to stop

more to follow..

rgds
  • #67
  • Nov 10, 2005 7:59am Nov 10, 2005 7:59am
Quoting dsvt1
thanks dial..now i have missed my cable entry post..

long cable 1.7437 SAR 1.7359 (wide sar, plan trade size accordingly) - will seek to tighten this later and place TP .. short on time at moment

sorry entry is a bit after the fact.. was busy responding to another thread...

edu - short on time, but will answer ur question in a few hrs..

Rgds..
closed cable long for + 30... early exit .. net 5 pip loss on last trade setups

Rgds..
  • #68
  • Nov 10, 2005 12:05pm Nov 10, 2005 12:05pm
Hi,
e/$ remains in range, anticipating a break lower based on current tech situation..

short e/$ at market 1.1739, stop @ 1.1775(36pip) targeting 1.1665 (74pip)

cable - sidelined

Rgds..
  • #69
  • Edited 4:40pm Nov 10, 2005 12:50pm | Edited 4:40pm
Trade summary
total trades:7
trades won: 6
trades lost: 1

pips won: 380
pips lost: 35
net pips: +345

Just a summary so I dont have to go through every page later on to get my totals for this trade journal.

(does not include trade from post #68 which remains open)

Rgds..
  • #70
  • Nov 10, 2005 2:10pm Nov 10, 2005 2:10pm
Quoting dsvt1
Hi,
e/$ remains in range, anticipating a break lower based on current tech situation..

short e/$ at market 1.1739, stop @ 1.1775(36pip) targeting 1.1665 (74pip)

cable - sidelined

Rgds..
ds, can you describe the tech situation that made you anticipate a break lower?

Thanks

Sam
  • #71
  • Edited 2:49pm Nov 10, 2005 2:46pm | Edited 2:49pm
hi sam,
i will try...

e/$ having recently fallen from 1.2080ish area, has been sitting in range all week, with a weak attempt to correct reaching only as high as the 23%fib ret, of the aformentioned move... i interpreted this a general lack of mkt interest in bidding this pair even at these levels.. (and I was stopped out of earlier longs, which if they were placed properly only left one direction, which coincides with the pervailing trend - down)...

TOPS showed a intact downtrend, and the pair saw upside failure at 1.18 earlier today, which makes an attack on the bottom TL the next stop, however given the overall direction, it didnt seem logical to expect it to hold up on the 3rd test...

http://img316.imageshack.us/img316/7...anation7vb.png

Its hard for me to put these "reasons" into words.. because at the moment I decide to trade there is always "a brief moment of clarity" which is sometimes hard to go back and interperate...
------------------
anyways Im closing 1/2 here for +50 and will leave the rest to run with stops at break even... removed TP at 1.1665
-----------------
Rgds..
  • #72
  • Nov 10, 2005 3:44pm Nov 10, 2005 3:44pm
Quoting dsvt1
hi sam,
i will try...

e/$ having recently fallen from 1.2080ish area, has been sitting in range all week, with a weak attempt to correct reaching only as high as the 23%fib ret, of the aformentioned move... i interpreted this a general lack of mkt interest in bidding this pair even at these levels.. (and I was stopped out of earlier longs, which if they were placed properly only left one direction, which coincides with the pervailing trend - down)...

TOPS showed a intact downtrend, and the pair saw upside failure at 1.18 earlier today, which makes an attack on the bottom TL the next stop, however given the overall direction, it didnt seem logical to expect it to hold up on the 3rd test...

http://img316.imageshack.us/img316/7...anation7vb.png

Its hard for me to put these "reasons" into words.. because at the moment I decide to trade there is always "a brief moment of clarity" which is sometimes hard to go back and interperate...
------------------
anyways Im closing 1/2 here for +50 and will leave the rest to run with stops at break even... removed TP at 1.1665

-----------------
Rgds..
this was a good one, congratulations , i lost it.
Nice analysis, in case of a retracement and following the TOPS which could be a good entry point.
  • #73
  • Nov 10, 2005 4:04pm Nov 10, 2005 4:04pm
Thank you Dvst1 and with all my respect.
I have learnt a lot from you.

If you do not mind, I would like to have your opinion how you would see the Asian market? I have one more lot still in. Would it be wise to add in another lot and BET on the aggresive Asians to bring it down to 1.1620 ?

Thanks again
  • #74
  • Nov 10, 2005 4:38pm Nov 10, 2005 4:38pm
Quoting highway3000
Thank you Dvst1 and with all my respect.
I have learnt a lot from you.

If you do not mind, I would like to have your opinion how you would see the Asian market? I have one more lot still in. Would it be wise to add in another lot and BET on the aggresive Asians to bring it down to 1.1620 ?

Thanks again
Highway, Thanks, Im glad you enjoy the thread !
If you have a trade in the green my advice would be to let it ride with stop at breakeven if possible. I personally wouldnt add here and lower the average entry price.. maybe it falls further, maybe not.. so why complicate the matter. Its likely a free trade at this point so no reason to take on additional risk.

Given that the average daily range for e/$ is about 110 pips, this rally may be overextended... no point entering unless the mkt is at or close to an ideal entry level. Notice TOPS in the lower end of the green bands..not an ideal entry area for shorts

I will be watching TOPS carefully to gauge any retracement...

Regards..
  • #75
  • Nov 10, 2005 4:47pm Nov 10, 2005 4:47pm
Thanks for taking the time.
Appreciate it greatly
  • #76
  • Nov 11, 2005 4:26am Nov 11, 2005 4:26am
Hello Dsvt1,

Your wisdom of TOPs was proven this morning when I woke up from bed. After the 3Q Japan GDP surplus at midnight CET, I closed all my positions at 1.1680. Exactly what you said - overextended - TOP had to move sideways away from the 3 green line. Amazing what I can learn from your 8 coloured lines! ! !

Thanks again for the lesson
Highway
  • #77
  • Nov 11, 2005 8:14am Nov 11, 2005 8:14am
Quoting dsvt1
Hi Edu, Yes, i always try to use my analysis techniques to create lines in the sand.. places where the mkt can only be long or short, the same analysis can likewise be applied to time...to understand "what is possible, when" so if expecting a corrective move higher (against prevailing trend) i know it must happen by Xtime.. if not then it becomes exponentially less likely to occur...there is no secret to this, just good application of basic TA

after understanding the above, all that is left ot due is plan a proper trade given the technical situation and potential catalysts.

Hope this answers your question

Rgds..
Hello Derek! Thanks for sharing your view on that.
Analysis of time/price projections and cycles is something
I've been looking at the moment, to see if helps with my style of trading.
Have a nice weekend!
Regars,
Edu
  • #78
  • Edited Nov 13, 2005 12:20pm Nov 12, 2005 6:52am | Edited Nov 13, 2005 12:20pm
dvst1,

I've looked at your script again and have tweaked it somewhat for my own purposes. I have adapted it for 4h (haven't figured out a good value for the blue line yet) but I've made it more customisable for more experimentation.

See comments under version history to see what else I've done. If you don't mind I'd like to publish it here so others can play with it. I've left you as the original author who asserts original copyright.

>>GET v1.0.3>>
  • #79
  • Nov 12, 2005 7:47am Nov 12, 2005 7:47am
Hi dsvt,

I've only read the first page of this thread.. Anyway, can your TOPS method be used on longer timeframes?

Based on Iso's post, he's already customized it for the 4H.. is the performance just the same? or is it only for the 1H?

Thanks..
  • #80
  • Nov 12, 2005 8:08am Nov 12, 2005 8:08am
Iso,

Just took a quick look and this code looks great ! In fact it looks alot smoother on the 4hr, much closer to the way I had invisoned it. Thanks alot, this is definitly an improvment. I will take a more detailed look next week.

Please feel free to post the mq4.

Thanks again and enjoy the weekend !
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