AtClarkson Trading J16

I think I have now watched all the guest videos.

Can't wait for PF, but lots to learn outside it now!

hey i joined the PF just before i went overseas..

i downloaded about 50 of mikes webinars and managed to watch them all while i was flying around the place. (they are usually 1 hour long)

i havent really checked out the forum yet, and havent watched anyone elses vids.. but yeh.. even if you can only afford 1 month i would do it and just download/watch all the vids you can handle.

Almost PA today, liked the look of GU UC GJ and AU, but on more in depth analysis, they were not to my criteria nor A+ trades. I am sure several of them may be profitable, but not good enough probability.

DBHLC. Not at Swing high, but with trend. Would need to get past PPZ first.
http://i189.photobucket.com/albums/z...on/nov12gj.gif

DBHLC. In consolidation. at recent PPZ (purple) could run to 150 (white) Not at Swing High.
http://i189.photobucket.com/albums/z...on/nov12gu.gif

Super tiny pin. Doesnt stick out far enough, no space. Against trend. Double bottom.
http://i189.photobucket.com/albums/z...on/nov12uc.gif

Another pin, little, against trend. Not much space.
http://i189.photobucket.com/albums/z...on/nov12uj.gif

i looked at these and thought the exact same thing goodwork

haha perfect.

both the pins are making money, as I figured. Hope to see some BIG PA soon.

so many possible countertrend PA setups today...

Thinking about setting up a separate account to trade countertrend moves, to do my own comparison.Trade management would need to be tighter, but I think there is profit to be made. Regardless, my main trading will stay with the trend for now.

PA today, doesn't follow my rules. Both counter-trend.

AU.
BEOB. Double top after a long run, just broke it. First Trouble at .9186 (ish) 30 or so pips away. Beyond that, good to .9100
http://i189.photobucket.com/albums/z...n/nov13au2.gif

BUOB. Coming up on PPZ between the purple and yellow line right above.
http://i189.photobucket.com/albums/z...on/nov13uc.gif

Yesterday's follow up on trades I didn't take.

Pinbars worked, DBHLC's did not.

USD CHF worked because it was at a double bottom. Ran nicely to the recent minor PPZ.

UJ worked for a similar reason.

Regardless, no big deal. they were NOT A+ trades.

Waiting

3 pins on CAD Pairs today.

I have a trade set on the USDCAD.

Pin. Both open and close in range of prev bar.
Nice nose.
Longer than previous bars
Sticks out halfway over prev bar
Thru round numbers of 1.05 and 1.06
Recent PPZ at 1.06 that was respected in the past as well.
Set up my EA to take half profit and move stop to breakeven before it hits the first trouble point of 1.0426. (20 pips)
Because of the traffic nearby, I have set my EA to manage it tightly.
Target then 1.0371, but will trail stop manually.
Will enter at 10 pips of break.
Stop 10 pips about other end.

But in looking at it again, It is not a clear Swing high, and there is not enough 'space'

It will probably work, but is not A+, and is not within my rules. I am taking the trade off.

We might just make it thru all of November without a decent Daily Trade.

And there may be one tomorrow. Who knows.

Been searching for a new broker after hearing many bad things about IBFX. Went with FXDD. Their charts match my time zone, (NY close) so I only need one MT4 now, which rocks. 21 FX Pairs, plus Gold and Silver. Some odd pairs in there tho. I'll post a review once I have some real money in with them.

I've upped my demo to 10k, for several reasons. 1st and foremost, I want to get that much saved to trade with, that will give me lots of time to have gotten real good on demo, and maybe a much smaller real money account too. Second, it drives home James' point of trading with bigger money makes you more likely to bring BE at 10 pips. I figure 10k is better than 2k.

I also want to ensure I am consistent on demo before risking a dime. With our recent lack of PA and trades, I need to extend the minimum requirements to at LEAST 4 months, due to the lack of experience I have got this month!

Enough rambling. I get my new computer tomorrow/monday and will be able to set up my charts again. Woohoo!

Few Aussie pairs printed pins on friday:

AJ

Pin, with the trend, some space, sticks out ok (not quote half), nice nose, but not quite as long at the bear bar before it (50 pips less) 50 and 61 fib ret. First trouble around 83 even.

http://i189.photobucket.com/albums/z...on/nov22aj.gif

AU

Pin, with the trend, space, sticks out 50% of last bar, about the same size as bear bar before it, 50 and 61 ret. PPZ around .9200. BEOB on Weekly I don't like, but weekly goes against the trend. Weekly PPZ at .9300 supports change in trend, but I'm unsure of this. Traffic closeby.

http://i189.photobucket.com/albums/z...on/nov22au.gif


EA

Pin, with the trend, 50 and 61 ret, sticks out well, little shorter than i'd like, traffic closeby. Weekly shows a BUOB at a low from Feb 08 and round number of 1.6, which looks pretty major.

http://i189.photobucket.com/albums/z...on/nov22ea.gif

Set a trade on AJ.

Buy 82.11
SL 80.52

Just testing my EA to make sure it works on this pair, then I will post my inputs for it.

Edit: 50% TP set at 30 pips, BE at 20 pips.

Update on AJ:

Stops to BE at 20 pips and Took half off the table at 30 pips.

Currently 35 pips in profit, free trade, and some profit taken off the table. Will check in at close of daily and adjust stops there. (if not sooner, I'm at home most of today)

Stopped out at BE - 82.11

Made 1/10% on this trade.

18 pips at full lot size (30 pips, 60% off at BE = 15 pips)

Neutral

Lots of inside bars today, will watch to see how they break. Need to learn more about these little guys.

Watching A/N for a pin to form, it's at a beauty PPZ at 1.27. Sideways markets, but a ppz that has been respected many times before. If it blows thru 1.27, I'll watch for a pullback and PA.

your risk:reward on this was 5:1.

Do you have something useful to contribute, or are you just criticizing?

If you'll pull up your charts, you'll see that AJ moved 49 pips. If I held on looking for anymore, rather than getting to breakeven and letting it do it's thing, I'd actually still be in drawdown right now. I got stopped out at breakeven after taking some profit off of the table.

If you are familiar with J16, you know R:R is not as important as protecting your capital and letting trades do what they will.

I managed this trade as per my plan and I took what profit the market offered me. Who cares what the R:R is if I made money?

Mate,
I realy like your imput. As a newbee I am not confident in using Expert Adviser and I would like some guidance on how to install your J16 Manager.ex4.
I am using MT4, and in Australia most of the action starts way past my bed time so I have to hope my stops/trailing stops behave themselves.
My understanding is that the EA can operate the trade, according to instructions, on an automatic basis.
Keep up the good work, much appreciated.
Thanks.

Hey Andrew,

Quick note to say thanks for sharing your EA....May the pips be with you!

Sorry I didn't get back to you fellas earlier, I didn't get a notification from FF that there were replies!

Scooter- May the pips be with you


dario- I have a few friends in Australia using the EA, it works quite well for them.

Find the folder your MT4 program is in (My Computer> C:/Program Files/Broker Name) ad look for the folder named 'experts'. Put J16Manager.ex4 in this folder. Restart your MT4 program, and the EA should be in the 'expert advisor' folder in the Navigator.

Let me know if you need anything else