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Attachments: The CARMEN System Indicator
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The CARMEN System Indicator

  • #761
  • Edited 3:20pm Dec 15, 2009 2:45pm | Edited 3:20pm
Can someone recommend to me the SL upon entering a trade using CARMEN. Difference between an M30 SL and an M1 SL.

Would sure be appreciated.
  • #762
  • Dec 15, 2009 4:56pm Dec 15, 2009 4:56pm
Quoting LeBron
Can someone recommend to me the SL upon entering a trade using CARMEN. Difference between an M30 SL and an M1 SL.

Would sure be appreciated.
Carmen levels 5min can be SL, when entering with carmen levels 30min. Anybody has another opinion?
/ ... clarifying decisions ... /
  • #763
  • Dec 16, 2009 2:53pm Dec 16, 2009 2:53pm
There was a nice buy today at 1015 GMT +1 (15m) on the G/U.
Anyone else pick it up?
  • #764
  • Dec 16, 2009 3:13pm Dec 16, 2009 3:13pm
Quoting Bombero
There was a nice buy today at 1015 GMT +1 (15m) on the G/U.
Anyone else pick it up?
Yeah

Got out with 50 pips.
  • #765
  • Dec 16, 2009 3:27pm Dec 16, 2009 3:27pm
Quoting Bombero
There was a nice buy today at 1015 GMT +1 (15m) on the G/U.
Anyone else pick it up?
Yes, I caught that one too, entered a little later when it broker over the last highs. I had a couple positions stopped out at 60 some pips leading up to the federal funds rate and one TP at 104 pips earlier. But I did get whipsawed a couple times before I got into that move which ate up some of the profit. It is hard for me to keep track of where Carmen is at when I am at work during the NY session. My broker is OandA, so I can at least make adjustments to the ongoing trade at break time (I have a desk job). Guess I should get a laptop...
  • #766
  • Dec 16, 2009 3:49pm Dec 16, 2009 3:49pm
If you are talking about this one in the chart. Yes I got in.
3 lots @1.6290
Out 1 @ 1.6300 +10
Out 1 @ 1.6310 +20
Let it run 1 lot and Out 1 @ 1.6367 +77

Total pips today: + 107

Thanks again and again.
Attached Image (click to enlarge)
Click to Enlarge Name: 121609.jpg Size: 72 KB
  • #767
  • Dec 16, 2009 10:20pm Dec 16, 2009 10:20pm
Hi forexforex.

Why didn't you enter again when the white line dipped below the yellow and blue over on the right of the chart?

Thanks.

Is anyone out there actually making real money with this and not demo money?

Wouldn't it just be the same to place a horizontal line midway up the chart and go short when price drops below it and long when it passes above it?

Aren't the odds effectively the same?

Quoting forexforex
If you are talking about this one in the chart. Yes I got in.
3 lots @1.6290
Out 1 @ 1.6300 +10
Out 1 @ 1.6310 +20
Let it run 1 lot and Out 1 @ 1.6367 +77

Total pips today: + 107

Thanks again and again.
  • #768
  • Dec 16, 2009 11:52pm Dec 16, 2009 11:52pm
Quoting forexforex
If you are talking about this one in the chart. Yes I got in.
3 lots @1.6290
Out 1 @ 1.6300 +10
Out 1 @ 1.6310 +20
Let it run 1 lot and Out 1 @ 1.6367 +77

Total pips today: + 107

Thanks again and again.
sigh... miss that again... wish the EA was here..
  • #769
  • Dec 17, 2009 1:23am Dec 17, 2009 1:23am
if you had the EA kpforex then you would also have got into the next one which was a loser.

it appears to me that there is a bit of living in hope going on here and looking at things through rose coloured glasses

Quoting KPForex
sigh... miss that again... wish the EA was here..
  • #770
  • Dec 17, 2009 4:07am Dec 17, 2009 4:07am
I usually enter at the 3rd candle. If the 2nd candle is a big push or momentum i take it.

In this scenario i did not enter because of the following reason:

2nd Candle is not a big push down or momentum
In fact, It retracted or retraced past the open of the bar.
White line did not even continue to form going down, in fact it retraced right away after the 2nd candlle or bar closed.

Last trade a winner:
3 lots was sold @1.6306
Out 1 [email protected] +10
Out 1 lot @1.6286 +20
3rd remaining lot I just let it ran and a winner out @1.6130 +176

Total 206pips

Thanks again...Been trading this live by the way.

Quoting tahiti
Hi forexforex.

Why didn't you enter again when the white line dipped below the yellow and blue over on the right of the chart?

Thanks.

Is anyone out there actually making real money with this and not demo money?

Wouldn't it just be the same to place a horizontal line midway up the chart and go short when price drops below it and long when it passes above it?

Aren't the odds effectively the same?
Attached Image (click to enlarge)
Click to Enlarge Name: 1216and 1709.jpg Size: 102 KB
  • #771
  • Dec 17, 2009 6:05am Dec 17, 2009 6:05am
I think that even if you had taken the trade that Tahiti mentions and lost a little, it would have only been a battle lost and going by the rules the balance at the end of the month is the indication of if you,re winning the war.
An EA would trade robotically and the above scenario's would inevitably happen.
ForexForex shows us that human intuition and experience is a better way to trade, however this is often at the expense of being glued to the PC.
Thoughts?
  • #772
  • Dec 17, 2009 7:40am Dec 17, 2009 7:40am
Thanks forexforex.

Would you mind confirming the following as my blue and yellow lines are about 10 pips away from yours:

Which broker are you using
Which timeframe
Any other details particular to your setup that you think might make a difference in where your lines are compared with mine.

Regards
  • #773
  • Dec 17, 2009 9:16am Dec 17, 2009 9:16am
Please post #683
Any Brokers that support 5 decimals in G/U is fine.
Good luck!

Quoting tahiti
Thanks forexforex.

Would you mind confirming the following as my blue and yellow lines are about 10 pips away from yours:

Which broker are you using
Which timeframe
Any other details particular to your setup that you think might make a difference in where your lines are compared with mine.

Regards
  • #774
  • Dec 17, 2009 9:26am Dec 17, 2009 9:26am
Really? is that all you're doing that particular to you trading?

If so then you should be entering WHEN the white line passes through the yellow and blue, though you are not.

This is why I phrased my question to ask if there is anything particular to your setup.

So apart from entering on the 3rd candle so long as the 2nd is a stong push, are there any other idiosychracies particular to your style as compared with the authors recommendations?

Thanks.

Quoting forexforex
Please post #683
Any Brokers that support 5 decimals in G/U is fine.
Good luck!
  • #775
  • Dec 17, 2009 9:27am Dec 17, 2009 9:27am
also, that post doesn't state the time frame.

Quoting forexforex
Please post #683
Any Brokers that support 5 decimals in G/U is fine.
Good luck!
  • #776
  • Dec 17, 2009 9:32am Dec 17, 2009 9:32am
Quoting tahiti
also, that post doesn't state the time frame.
He's been using the 30 minute time frame for trading.

Cheers,
Ed
  • #777
  • Dec 17, 2009 9:36am Dec 17, 2009 9:36am
I don't understand how the take profit lines work. Can anyone help me??
  • #778
  • Dec 17, 2009 10:11am Dec 17, 2009 10:11am
Tahiti,
Hey...I am done for today.
It is better to explain my methodology as I do my trades. When something presents a trading setup I'll post it here live as I enter my trades.. is that cool?
I hope Aiccia does not mind. I have not seen Aiccia in a while, so while I am waiting for Version 4, I guess I'll start posting again my live trades.



Quoting tahiti
Really? is that all you're doing that particular to you trading?

If so then you should be entering WHEN the white line passes through the yellow and blue, though you are not.

This is why I phrased my question to ask if there is anything particular to your setup.

So apart from entering on the 3rd candle so long as the 2nd is a stong push, are there any other idiosychracies particular to your style as compared with the authors recommendations?

Thanks.
  • #779
  • Dec 17, 2009 10:19am Dec 17, 2009 10:19am
No trade at this time.
Waiting for White line to crossover. Crossover signifies possible change of trend.
Attached Image
  • #780
  • Dec 17, 2009 10:21am Dec 17, 2009 10:21am
Waiting for the same trade.
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