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  • #161
  • Oct 27, 2009 8:47pm Oct 27, 2009 8:47pm
hi guys, i have used updatestops with EU and GU successfully but tried on GJ and the trade closed straight away, lucky for me i was +35 when i finished setting it up but as you can see i have missed the rest of the move so far. I re-entered straight away and it closed again +0.4.
Now EU and GU are 5 decimal and GJ only 3, would this be the problem?
Attached Images
  • #162
  • Oct 27, 2009 11:38pm Oct 27, 2009 11:38pm
Hi there paidperpip, Gleneagles and all the other eagles,

This eagle has landed. Have been rather busy last 2 over weeks (flying around, of course) and it is time to settle down to some serious nest building.

Glen, I am eagerly looking forward to learning even more from you so that we can all soar together to greater heights. Do I hear you say the sky is the
limit?

Have a nice day everybody. Happy profitable trading.

Trader7
  • #163
  • Oct 27, 2009 11:40pm Oct 27, 2009 11:40pm
Quoting wbh
hi guys, i have used updatestops with EU and GU successfully but tried on GJ and the trade closed straight away, lucky for me i was +35 when i finished setting it up but as you can see i have missed the rest of the move so far. I re-entered straight away and it closed again +0.4.
Now EU and GU are 5 decimal and GJ only 3, would this be the problem?
Have you tried adding another zero and see what happens,
Also brokerage slippage, I usually put in the spread for that pair given by the broker.
  • #164
  • Oct 27, 2009 11:42pm Oct 27, 2009 11:42pm
GBPUSD

60 15 5

Results : 20 + 40 + 60 = 120
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd28.10(1).gif Size: 24 KB
  • #165
  • Edited Oct 28, 2009 12:46am Oct 27, 2009 11:46pm | Edited Oct 28, 2009 12:46am
I have attached an image for GBPJPY.(Management EA)

All my yen pairs are closing as expected.

Also thought I would add another image of DIVERGENCE awareness which works very well for me. Notice the 123 pattern after the divergence I mentioned before. This is a SHORT trade while the other was a LONG trade.(THIS IS OPTIONAL) Some gurus teach this for money and get 85% WIN RATE.
http://www.forexfactory.com/showpost...3&postcount=68

This is a triple or even quad...bearish divergence. This I saw/see happening from a week ago, and so was waiting for the right confirmation from TRIX.

Also added my statement to show the update profit from the account started in Post#84.
Attached Image (click to enlarge)
Click to Enlarge Name: 27_10_2009 trades.gif Size: 58 KB
Attached Image
  • #166
  • Oct 27, 2009 11:46pm Oct 27, 2009 11:46pm
GBPUSD

30 5

Results : 20 + 40 + 16 = 76
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd28.10(2).gif Size: 22 KB
  • #167
  • Oct 27, 2009 11:53pm Oct 27, 2009 11:53pm
Quoting Trader7
Hi there paidperpip, Gleneagles and all the other eagles,

This eagle has landed. Have been rather busy last 2 over weeks (flying around, of course) and it is time to settle down to some serious nest building.

Glen, I am eagerly looking forward to learning even more from you so that we can all soar together to greater heights. Do I hear you say the sky is the
limit?

Have a nice day everybody. Happy profitable trading.

Trader7
Hi,

From another eagle.
  • #168
  • Oct 28, 2009 12:01am Oct 28, 2009 12:01am
Gleneagles,do you using the xADRv1.2 indicator to confirm the trade before enter??The ATR (20) indicator where can i find it.how to use that indicator. thaks for the help and sorry for your inconvenient .

below is my today trade .Do i did correctly??http://cdn.forexfactory.com/images/icons/icon6.gif
can i trade usd currency pair in 0.00GMT??like usdcad??http://cdn.forexfactory.com/images/icons/icon5.gif

so total profit is +100 +80 +80=+260 pips http://cdn.forexfactory.com/images/icons/icon7.gif

Do you have a stop loss trade before ,can you post in the forum to share it and everybody can learn from it !!!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 28 oct 2009 3.gif Size: 62 KB
Click to Enlarge Name: 28 oct 2009 2.gif Size: 62 KB
Click to Enlarge Name: 28 oct 2009.gif Size: 62 KB
  • #169
  • Oct 28, 2009 12:11am Oct 28, 2009 12:11am
Quoting Trader7
Hi there paidperpip, Gleneagles and all the other eagles,

This eagle has landed. Have been rather busy last 2 over weeks (flying around, of course) and it is time to settle down to some serious nest building.

Glen, I am eagerly looking forward to learning even more from you so that we can all soar together to greater heights. Do I hear you say the sky is the
limit?

Have a nice day everybody. Happy profitable trading.

Trader7
G'day T7... Missed your clear cut trading style. Always full of examples of how to get it right...
How do you make a small fortune in Forex? Start with a large one!
  • #170
  • Oct 28, 2009 12:14am Oct 28, 2009 12:14am
Quoting lrathi
Hi,

From another eagle.

Hi fellow eagle
  • #171
  • Oct 28, 2009 12:24am Oct 28, 2009 12:24am
Quoting paidperpip
G'day T7... Missed your clear cut trading style. Always full of examples of how to get it right...

G'day my friend. Keep up the good work. Let us all soar higher and higher in this open environment.

Trader7
  • #172
  • Oct 28, 2009 12:39am Oct 28, 2009 12:39am
Quoting Forex37
Well said, nothing to add, thanks for the system, thanks for the documentation!

All the best to both of you.

Forex37
You are welcome!

Hope you are soaring too!
  • #173
  • Oct 28, 2009 3:06am Oct 28, 2009 3:06am
below graft show a signal come out again and the xADRv1.2 is show green but it the price already go down almost 100 pips ,so i think it was not a valid trade ,is't right??http://cdn.forexfactory.com/images/icons/icon5.gif
Attached Image (click to enlarge)
Click to Enlarge Name: 28 oct 2009 5.gif Size: 69 KB
  • #174
  • Oct 28, 2009 3:11am Oct 28, 2009 3:11am
anybody know why it was showing a blank nothing ah??http://cdn.forexfactory.com/images/icons/icon5.gif
Attached Image (click to enlarge)
Click to Enlarge Name: aa.gif Size: 69 KB
  • #175
  • Oct 28, 2009 4:53am Oct 28, 2009 4:53am
Quoting weisiong00
Gleneagles,do you using the xADRv1.2 indicator to confirm the trade before enter??The ATR (20) indicator where can i find it.how to use that indicator. thaks for the help and sorry for your inconvenient .

below is my today trade .Do i did correctly??http://cdn.forexfactory.com/images/icons/icon6.gif
can i trade usd currency pair in 0.00GMT??like usdcad??http://cdn.forexfactory.com/images/icons/icon5.gif

so total profit is +100 +80 +80=+260 pips http://cdn.forexfactory.com/images/icons/icon7.gif

Do you have...
Welcome to this thread!
Thank you for your posting.

Gleneagles has today /yesterday said he is having a break for a few days.
I will reply to some of your questions.

1.stop loss before entering a trade ( Read manual again, the answer is there)
2. difficulty in trix meter showing ( re=read manual again, possible answer is there.
3. can you trade USD pair at 00:00 GMT ( read manual again, )

I strongly suggest, please do not rush into this forex trading.
Get yourself a good cup of coffee. relax and read the manual carefully 3-5 times. There are many resources and links given for you to SELF-LEARN which is the attitude here on this thread.

We are happy to help new traders but EXPECTATION have been clearly written at the start of the manual that new traders need to try and help themselves as much as possible by reading the resources given, experiment with all indicators and settings.....
google any indicator or concept not given as yet and understand as much as possible.

Trading is a LONG JOURNEY which many of us have taken years to understand and get better at it. THERE is NO SHORTCUTS if you want to trade sucessfully.

After reading the manual and reading the resources provided..... Please then post your trades, questions to contribute, performance etc.

Many thanks.
  • #176
  • Edited 7:02am Oct 28, 2009 5:28am | Edited 7:02am
Quoting lrathi
Welcome to this thread!
Thank you for your posting.

Gleneagles has today /yesterday said he is having a break for a few days.
I will reply to some of your questions.

1.stop loss before entering a trade ( Read manual again, the answer is there)
2. difficulty in trix meter showing ( re=read manual again, possible answer is there.
3. can you trade USD pair at 00:00 GMT ( read manual again, )

I strongly suggest, please do not rush into this forex trading.
Get yourself a good cup of coffee. relax and read the manual carefully 3-5 times. There are...
You have received some VERY good advice from Irathi, (the author of the manual)
The only thing I would add to her message is to keep things simple.
In the early stages of learning, I would remove all indicators from your chart that are not part of this method
Especially that Tor indicator, it is a memory hog


The simplicity of the 3 Block method (see manual page 21/22) is the best place to start

You will notice that Glen keeps things very simple
As far as stop losses etc go, this is always a personal choice, but there are suggestions in the manual.

There is no way in the world that you will be a successful trader unless you do the work yourself. You have to learn to trust the system, but more importantly to trust yourself.
If you read the manual, and all of Glens posts.....you will gain trust in the system. If you learn this yourself (by reading the manual over and over again, you will learn to trust yourself.


I am VERY familiar with this system, but I still re-read that manual, very regularly. As soon as I see people asking questions that are clearly answered in the manual, I know they will not be successful because they are not doing the work themselves.


Glens last post in this thread says it all.

I wish you all success, and know that you can do it....**IF** you do the work. This is such a simple system. Trade it on demo until you feel confident.
  • #177
  • Oct 28, 2009 11:31am Oct 28, 2009 11:31am
Excellent post, pgpb. Thanks.
  • #178
  • Oct 28, 2009 12:07pm Oct 28, 2009 12:07pm
Quoting mary4x
Excellent post, pgpb. Thanks.
Thanks Mary4x

You know, the more you work with this stuff, the more the lights go on.

For instance today, on my pivot indicator I have pivots lines turned on, and everything else turned off (there is the option to be able to have a line showing for the open, and for yesterdays high and low and todays high and low and sweet spots (what ever that is), but it was too many lines, I just wanted to see pivot lines from the pivot indicator.
I did have todays high and low drawn on the chart.
So I was watching the market and price was right up against todays low.
I was saying to myself....OK....as soon as it breaks todays low, I am going to jump in.....but as I watched I realized that price WAS making a new low for today and the line kept on moving......DOH!!

So I turned off todays high and low lines and have turned on yesterdays hi and low (see attached one hour chart to see what I mean)

This is much more meaningful.

So today another little light went on.

By the way the pivot indicator I use is posted on the main page under optional indicators
Attached Image (click to enlarge)
Click to Enlarge Name: hilow.png Size: 11 KB
  • #179
  • Oct 28, 2009 12:50pm Oct 28, 2009 12:50pm
Hi
I am still having problem with the management ea (updatestop (2)ea). I managed to get it to work on the demo account but not on live. My broker is Ibfx and in demo a/c it is five digit and in real a/c it is four.Trying to fix it on real account is costing me money. So please who ever is using any of those managemrnt eas in real account for IBFX is to post their settings for both gbpusd and gbpjpy. thanks
  • #180
  • Oct 28, 2009 1:19pm Oct 28, 2009 1:19pm
Quoting pgpb
Thanks Mary4x

and sweet spots (what ever that is), .
Hello pgpb,

Sweet spots are round numbers, for example 1.4500, 1.4520, 1.4550, 1.4580 etc. I actually find that price (traders) does tend to respect some of them.

Also, many traders place their stop losses just the other side of big round numbers which is why you will sometimes see unexplained spikes going just through as dealers go stop hunting
TTFN Merlyn
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