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  • #661
  • Oct 20, 2009 10:35am Oct 20, 2009 10:35am
eur usd we are at 50% fibo retracement 1h chart,
61,8% will be 1.4892
correct ? any comment ?
  • #662
  • Oct 20, 2009 10:44am Oct 20, 2009 10:44am
it seems I have answered my questions myself....

I still would like to ask about the period setting for the 3Tma...
can any one set me on the right course? thanks

trademeister
  • #663
  • Oct 20, 2009 11:01am Oct 20, 2009 11:01am
forexlion...

thank you for making your videos. I am on new york time and it is easy to
get your thoughts when I come to the table. thanks again

trademeister
  • #664
  • Oct 20, 2009 11:13am Oct 20, 2009 11:13am
Quoting forexlion
Like currently 15 min tail says short

and 1 min tail says long

conflict

i just avoided the trade altogether.
Hi Lion King,

I think I understand how to enter using the Tail, what I am not clear about is when to exit.

 

  1. On a cross on the low timeframe?
  2. On a cross on the high timeframe?
  3. Profit target in profit only?
  4. Hard stop loss?
  5. Trailed?
  6. Discretionary?

etc....

I know from your postings that you lock in profit immediately, but once you have done so, how much room do you give the position to run/what is the trail in pips or is it based on time axis (like last three candles) or previous support and resistance? Where do you take out a position that clearly went against you?

You know from my previous posts that I am a huge fan of your indicators. Understanding where you are coming from would make it much easier to integrate them into my trading (no disrespect, I just want to say that I believe I should make them my own and blame myself for any losses, rather than understanding them as a packaged system and point fingers if something happens).

To the pips!

jesper

  • #665
  • Oct 20, 2009 11:18am Oct 20, 2009 11:18am
missed the first entry took the second one , exit a 61.8 % fibo retracement at 92

one more positive thanks forexlion
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  • #666
  • Oct 20, 2009 11:22am Oct 20, 2009 11:22am
I took of the salaamnaste
  • #667
  • Oct 20, 2009 11:39am Oct 20, 2009 11:39am
sold at 1.6362
23.6% fino in 1h is at 1.6318 after we have a support at 1.6245 and 38.2 % fibo at 1.6197

any comment ?
  • #668
  • Oct 20, 2009 11:40am Oct 20, 2009 11:40am
it is beginning to be fun THANKS AGAIN
  • #669
  • Oct 20, 2009 12:24pm Oct 20, 2009 12:24pm
Quoting jesperweber
Hi Lion King,

I think I understand how to enter using the Tail, what I am not clear about is when to exit.

 

  1. On a cross on the low timeframe?
  2. On a cross on the high timeframe?
  3. Profit target in profit only?
  4. Hard stop loss?
  5. Trailed?
  6. Discretionary?

etc....

I know from your postings that you lock in profit immediately, but once you have done so, how much room do you give the position to run/what is the trail in pips or is it based on time axis (like last three candles) or previous support and resistance? Where do...

i just enter a trade and forget it

the EA does the dirty job
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Attached Image
  • #670
  • Oct 20, 2009 1:08pm Oct 20, 2009 1:08pm
The worst for insolvencies is yet to come in the UK, though the number of companies with significant and critical financial problems has fallen in absolute terms, a report from the insolvency firm Begbies Traynor showed Tuesday. According to the report, 134,000 British companies showed material signs of financial distress in the third quarter of 2009.
  • #671
  • Oct 20, 2009 1:55pm Oct 20, 2009 1:55pm
Quoting forexlion
The worst for insolvencies is yet to come in the UK, though the number of companies with significant and critical financial problems has fallen in absolute terms, a report from the insolvency firm Begbies Traynor showed Tuesday. According to the report, 134,000 British companies showed material signs of financial distress in the third quarter of 2009.

Thanks for ur LIVE TELECAst FOREXLION TV
Im happy can get a little sign from u.
About that news, can u let me know what is that meen?
GELORE
  • #672
  • Oct 20, 2009 11:20pm Oct 20, 2009 11:20pm
Quoting forexlion
i just enter a trade and forget it

the EA does the dirty job
Thanks. Is that EA publicly available? I can't find it through Google, and it has a different name from the one you included in the zip file for this thread.
  • #673
  • Oct 20, 2009 11:40pm Oct 20, 2009 11:40pm
Quoting jesperweber
Thanks. Is that EA publicly available? I can't find it through Google, and it has a different name from the one you included in the zip file for this thread.
sorry, i am not sharing that EA
  • #674
  • Oct 21, 2009 12:50am Oct 21, 2009 12:50am
Quoting forexlion
sorry, i am not sharing that EA
Fair enough, you've been very generous with all the other stuff already. And knowing it's yours and not posted at least I don't need to spend more time looking for it ;-)

But if you don't mind sharing some of the logic behind it, what do you consider a reasonable trail (in pips) for GBP/USD? How far would you want it to go into profit before you pull your stop to breakeven?

Thanks always.
  • #675
  • Oct 21, 2009 1:23am Oct 21, 2009 1:23am
Quoting jesperweber
Fair enough, you've been very generous with all the other stuff already. And knowing it's yours and not posted at least I don't need to spend more time looking for it ;-)

But if you don't mind sharing some of the logic behind it, what do you consider a reasonable trail (in pips) for GBP/USD? How far would you want it to go into profit before you pull your stop to breakeven?

Thanks always.
i designed the EA keeping in mind zulutrade and rentasignal requirements, its logic+15 pips.

So, apart from the base logic it also collects another 15 pips to cater for slippage.

So, I never need to bother calculating where to get out.
  • #676
  • Oct 21, 2009 1:29am Oct 21, 2009 1:29am
Trading MPC Minutes:

  1. This is gonna be a fun ride, so first lets do some home work
  2. 4 hour tail says i need 1 more candle to work out what to do, which on fxpro comes 30 minutes after the news
  3. 1 hour, currently is showing some signs of up move, though weak
  4. As usual it will be 0-0-9, nothing new there with 134,000 british companies inthe drain, they just cannot think of raising rates.
  5. Hell, we see a fake spike up and a longer drop down.
  6. I would love to go short on that spike

  • #677
  • Oct 21, 2009 1:42am Oct 21, 2009 1:42am
Quoting forexlion
Trading MPC Minutes:

  1. This is gonna be a fun ride, so first lets do some home work
  2. 4 hour tail says i need 1 more candle to work out what to do, which on fxpro comes 30 minutes after the news
  3. 1 hour, currently is showing some signs of up move, though weak
  4. As usual it will be 0-0-9, nothing new there with 134,000 british companies inthe drain, they just cannot think of raising rates.
  5. Hell, we see a fake spike up and a longer drop down.
  6. I would love to go short on that spike

Avoid shorting anything before the news, find the top during or after the news and ride it
  • #678
  • Oct 21, 2009 2:15am Oct 21, 2009 2:15am
Quoting forexlion
Avoid shorting anything before the news, find the top during or after the news and ride it
Am up abt 100 pips in the last hr/half.. using yr stuff.. on 1m/5m.... THKSSSSSSSSSSSSSS.Bldy beauty..
  • #679
  • Oct 21, 2009 2:20am Oct 21, 2009 2:20am
Quoting danc
Am up abt 100 pips in the last hr/half.. using yr stuff.. on 1m/5m.... THKSSSSSSSSSSSSSS.Bldy beauty..
my Tail is the best

http://www.africabookcentre.com/acat...Lions_Tail.jpg
  • #680
  • Oct 21, 2009 2:53am Oct 21, 2009 2:53am
Quoting forexlion
price action is typically defined as the movement of candles in respect to supply and demand and requires very careful observation to discern the direction of the move

take GJ for example, GJ has the typical mood to make a false breakout in the opposite direction before startinga fresh trend, this part gets ignored by normal indicators and hence people get caught in it.

to lean price action, just use the default mt4 grid chart with candles, nothing else, no indicators and try to view the areas of supply and demand. the grid itself works as trend...
Dear Sir,

I am new to Forex, First time reading article on same as well. Herewith you are kindly requested to provide in depth the meaning of GJ? I am reading your blong from begning till end!

Regards,
Black Eagle.
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