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  • #121
  • Sep 11, 2009 9:03am Sep 11, 2009 9:03am
Quoting forexlion
action over in 3 seconds, +10 collected

from chart figure out what i could have seen on the 5 min and 1 min charts to have collected this

then try the same on your demo, to learn it
I coulndt figured it out man. can you now explain what did you see and took the trade Please. Thanks
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #122
  • Sep 11, 2009 9:42am Sep 11, 2009 9:42am
Quoting samdani786
I coulndt figured it out man. can you now explain what did you see and took the trade Please. Thanks
on demo

on 1 min eurusd

just do what the tail indicator says, and see the results
  • #123
  • Sep 12, 2009 4:07am Sep 12, 2009 4:07am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting forexlion
first i do my home work on the 1 hour charts

then drop down to the 1 min charts and milk it thoroughly
Hi forexlion,

Firstly, I am a little curious about this, sorry. Correct me if i'm wrong but aren't you using IBFX? If so, how do you manage to get super low spreads like 0.5 etc?
I am also using IBFX and I can tell that the spread sucks.

Secondly, if you are able to read the trend in higher time frames (aka researching the market) - wouldn't you be able to "milk it" better in higher TFs since you will not be paying spreads to the broker on multiple entries and exits compared with 1M TF, even if you did get super low spreads?

Hope you can clarify. Thanks.
I have seen the enemy, and it is me.
  • #124
  • Sep 12, 2009 4:56am Sep 12, 2009 4:56am
Quoting Jey
Hi forexlion,

Firstly, I am a little curious about this, sorry. Correct me if i'm wrong but aren't you using IBFX? If so, how do you manage to get super low spreads like 0.5 etc?
I am also using IBFX and I can tell that the spread sucks.

Secondly, if you are able to read the trend in higher time frames (aka researching the market) - wouldn't you be able to "milk it" better in higher TFs since you will not be paying spreads to the broker on multiple entries and exits compared with 1M TF, even if you did get super low spreads?

Hope you can clarify....
Probably, the volume he`s operating on may be higher, or perhaps, he could be extremely accurate in predicting a move as far as 1M TFs... But, irrespective of the way one trades, it is how well one distributes the risk, that determines the IQ of a trader... IMHO.
  • #125
  • Sep 12, 2009 12:17pm Sep 12, 2009 12:17pm
Quoting Jey
Hi forexlion,

Firstly, I am a little curious about this, sorry. Correct me if i'm wrong but aren't you using IBFX? If so, how do you manage to get super low spreads like 0.5 etc?
I am also using IBFX and I can tell that the spread sucks.

Secondly, if you are able to read the trend in higher time frames (aka researching the market) - wouldn't you be able to "milk it" better in higher TFs since you will not be paying spreads to the broker on multiple entries and exits compared with 1M TF, even if you did get super low spreads?

Hope you can clarify....
i use fxpro and it has variable spreads

second, this is the 4th time i am saying this within this thread

 

  1. by the time a trend develops on higher time frames the market has already moved 40 to 50 pips
  2. on 1 min i could have collected this and much more, by milking it

  • #126
  • Edited 1:17pm Sep 12, 2009 1:04pm | Edited 1:17pm
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting forexlion
first i do my home work on the 1 hour charts

then drop down to the 1 min charts and milk it thoroughly
If by the time the higher TF develops a trend, you said 40 - 50 pips would have moved. I am fine with this. But you are moving to the 1 minute to milk it *AFTER* doing your "homework" in 1H chart. Will it be right to say that by determining a trend development in 1H, whereby 40 - 50 pips are already spent in doing this, then whether you moved to the 1M chart or not it makes little difference since you are working in the 1H TF first? And the 40 - 50 pips are gone anyways? Am I right? Or am I milking this wrong?

Also, based on the same precepts, if "by the time a trend develops in the higher TFs 40 - 50 pips would have moved" why is there a need to do any homework at all at higher TFs?

Sorry, I am not a professional FX trader like you and maybe that is why I have trouble understanding this. Care to explain a little more. Thanks.
I have seen the enemy, and it is me.
  • #127
  • Sep 12, 2009 1:13pm Sep 12, 2009 1:13pm
Quoting Jey
If by the time the higher TF develops a trend, you said 40 - 50 pips would have moved. I am fine with this. But you are moving to the 1 minute to milk it *AFTER* doing your "homework" in 1H chart. Will it be right to say that by determining a trend development in 1H, whereby 40 - 50 pips are already spent in doing this, then whether you moved to the 1M chart or not it makes little difference since you are working in the 1H TF first? And the 40 - 50 pips are gone anyways?...
lets say something moved from 100 to 190

on 1 hour or 4 hour you would collect 90 pips

but on 1 min i see it moved from 100 to 112 then down to 107 then to 137 then down to 121 then to 153 then down to 133 then to 178 then down to 123 then in a final push to 190

how many did i collect here
  • #128
  • Sep 12, 2009 1:26pm Sep 12, 2009 1:26pm
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
if you had taken all the moves accurately and consecutively (without missing even one), then it will be 282 less the spread for all those 10 movements.

But I am beginning to see your objective.
I have seen the enemy, and it is me.
  • #129
  • Sep 12, 2009 1:49pm Sep 12, 2009 1:49pm
Vanakam Anna(ForexLion) and other friends in this thread.
For a week im watching this thread as an outsider, but continue to digest and take note on the lesson.This thread come in time when i start to lose my hope in Trading.
My Sincere Thanks to ForexLion for the effort to share the knowledge to other new traders like me. Really really appreciate this.
Had some practise on the lesson, but some difficulities on instaling the Tail indicator in my MT4 platform. (will try my best to install it), if still cant will do an official request here for the help.

Again Thx to all
  • #130
  • Sep 12, 2009 9:55pm Sep 12, 2009 9:55pm
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
It will be great if Forexlion would be kind enough to do a template. This way it will be big help for newbies.
I have seen the enemy, and it is me.
  • #131
  • Sep 12, 2009 10:05pm Sep 12, 2009 10:05pm
indicator is in post #1

just avoid trading when spreads are not normal, that is low volume crazy time.
Attached File(s)
File Type: tpl nudemonkeys.tpl   1 KB | 769 downloads
  • #132
  • Sep 12, 2009 11:10pm Sep 12, 2009 11:10pm
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Thanks for the template forexlion,

Can you see if the attached screen is about right? Also do you have separate charts for the 1H and 1M (for doing market research) or do you just flip the TFs based on a single chart?
Attached Image (click to enlarge)
Click to Enlarge Name: guruji.gif Size: 76 KB
I have seen the enemy, and it is me.
  • #133
  • Sep 12, 2009 11:44pm Sep 12, 2009 11:44pm
Quoting forexlion
i do everything manually
So you do not set your TP for your trades?
  • #134
  • Sep 12, 2009 11:54pm Sep 12, 2009 11:54pm
Quoting Jey
Thanks for the template forexlion,

Can you see if the attached screen is about right? Also do you have separate charts for the 1H and 1M (for doing market research) or do you just flip the TFs based on a single chart?
just flip time frames

you never add t3ma on chart

god, its a sunday, go out and enjoy, why here
  • #135
  • Sep 13, 2009 12:34am Sep 13, 2009 12:34am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting forexlion
just flip time frames

you never add t3ma on chart

god, its a sunday, go out and enjoy, why here
sorry, did you mean I should NOT add T3MA on my chart? How do I determine the crossover then?

I hate going out on Sundays...
Besides, I made a resolution to NEVER go out on Sundays until I master forexlion's method...
I have seen the enemy, and it is me.
  • #136
  • Sep 13, 2009 12:56am Sep 13, 2009 12:56am
Quoting Jey
sorry, did you mean I should NOT add T3MA on my chart? How do I determine the crossover then?

I hate going out on Sundays...
Besides, I made a resolution to NEVER go out on Sundays until I master forexlion's method...
use this EA in strategy tester, in visual mode, with the indicators, for Saturday Sunday time pass
Attached File(s)
File Type: mq4 offline.mq4   1 KB | 510 downloads
  • #137
  • Sep 13, 2009 1:04am Sep 13, 2009 1:04am
well

this is the 27th time some asshole changed the title from simple "Indian Guru" to ramdom thingy

so now I am quitting forexfactory permanently.

i hate this place now.
  • #138
  • Sep 13, 2009 2:19am Sep 13, 2009 2:19am
Brother, why are you letting outside forces dictate the way you feel? Let the moderators do their dharma as you do yours.
  • #139
  • Sep 13, 2009 3:33am Sep 13, 2009 3:33am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting forexlion
use this EA in strategy tester, in visual mode, with the indicators, for Saturday Sunday time pass
Great! I had mighty fun testing this out visually...
I have seen the enemy, and it is me.
  • #140
  • Sep 13, 2009 4:11am Sep 13, 2009 4:11am
Quoting forexlion
well

this is the 27th time some asshole changed the title from simple "Indian Guru" to ramdom thingy

so now I am quitting forexfactory permanently.

i hate this place now.
First, I wish to thank you profusely for the knowledge you have been impacting on us here.I have been quietly learning all the while.

Secondly,one who has decided to help a particular audience(eager newbies) should not be bothered by whatever rabble-rousers who are intent on stopping him does.We here are your audience...and you are leaving us in the middle of the ocean while paying heed to detractors.

Hope you have a rethink.


Charles.
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