TraCop-1%

PivotsD_v4
http://www.forexfactory.com/showthre...14792&page=465
# 6961, p. 465

http://www.forexfactory.com/showthre...199087&page=19
#277, p19

Using Pivot Points for Alignment and How to Calculate Pivot Points
http://www.investopedia.com/articles.../04/041404.asp
"We often hear market analysts or experienced traders talking about an equity price nearing a certain support or resistance level, each of which is important because it represents a point at which a major price movement is expected to occur. But how do these analysts and professional traders come up with these so-called levels? One of the most common methods is using pivot points, and here we take a look at how to calculate and interpret these technical tools".

i just want to know how to contrl SL???

Where do I place my stop loss?

Stops are normally trailed behind each new bar. The first stop upon entry can be place behind two last bars, but then adjusted if the market moved your way. Setting trailing stops could be a straight choice. Setting a stop loss depends from several factors e.g. the current volatility, the trend, the money- and risc-management, the coping style of your trading. Hedging opened positions becomes a marked preference, e.g. if higher timeframes gives contrary signals as the trades won't move in your favor.

Stop Loss
Set stop loss orders in Forex, otherwise one day it will eat up all the profits if you don't use a stop.

How wide a stop should be?
It depends on:

 

1. a time frame,
2. volatility of the market price,
3. the point where you entered the market,
4. a lot size you trade with
5. etc.

In practice
you use the widest point you could still afford comfortably and till which your trading position can remain open.

This is sure not a agreeable thing to accept but it allows traders to pick wider stops (e.g. 80 pips on 1 h TF), thus giving the market a room to evolute the price actions and choose a direction in which to trade without triggering the stop ahead of time.

Smaller size stops could be made and have to be selected wisely. Taking a rule of set number of pips, like 20, 30 or 40 etc. for stops isn't the best choice, however the simplest.

To do something else, focus on support and resistance levels in the market and make sure to place your stop according to those important levels like

 

1. price swings,
2. trend lines,
3. Fibonacci levels and
4. Pivot Points.

Kindest regards

as the picture do you to go out when another single appear？？？thanks for your regard...

Stop Loss
Set stop loss orders in Forex, otherwise one day it will eat up all the profits if you don't use a stop.

How wide a stop should be?
It depends on:

 

1. a time frame,
2. volatility of the market price,
3. the point where you entered the market,
4. a lot size you trade with
5. etc.

In practice
you use the widest point you could still afford comfortably and till which your trading position can remain open.

This is sure not a agreeable thing to accept but it allows traders to pick wider stops (e.g. 80 pips on 1 h TF), thus giving the market a room to evolute the price actions and choose a direction in which to trade without triggering the stop ahead of time.

Smaller size stops could be made and have to be selected wisely. Taking a rule of set number of pips, like 20, 30 or 40 etc. for stops isn't the best choice, however the simplest.

To do something else, focus on support and resistance levels in the market and make sure to place your stop according to those important levels like

 

1. price swings,
2. trend lines,
3. Fibonacci levels and
4. Pivot Points.

http://cdn.forexfactory.com/images/buttons/quote.gif

I would monitor one or two timeframes higher to take a look for the more global trend (and if Daily- or H4-Pivot Points had already been touched).
The EMA9/20 Lines arise and become stronger, so I would wait and would stay in the Enter Long position if there are a trade not less than M1 TF. If the trade was enter on a 10 sec. or 30 sec. chart, I would immediately go out. Additional reasons could be with how many lots or increments of it am I in the market with this trade and this timeframe.

When the candle will closes under EMA9 or EMA 20 Line I would definitely go out.

You're wellcome!

thanks for your repy...ok，i will follow with you to study your good theard.i am very intersting in it...but it seems only work well on eur/usd ，usd/chf，usd/jpy...

Dynamic Breakout Daily Range_v10
see attachment.

Hi lucas101
When you'll add on more time, try the commodity currencies likewise, e.g. New Zealand Dollar, Australian Dollar, Canadian Dollar are among the major currency pairs, which mean they have great liquidity and volatility for active trading.

Kindest regards

Trade Example
AUDUSD, Weekly, 2009 December 26
Trade with Gann HiLo Indicator
Enter and Exits: When candle closes or is (the first time for each) on the other side of Gann HiLo (white-blue dotted Line).
(Confirmation by EMA9/20 crossovers several bars later).

Label:
Red vertical Line = Enter Short ( and close open position before if there are several orders)
Green vertical Line = Enter Long (and close open position before, if there are several ones)

Preferred Trades:
L1 (Enter Long), L8 (Exit and Enter Short), L2 (Exit and Enter Long), L9 (Exit and Enter Short), L3 (Exit and Enter Long), L10 (Exit and wait if EMA20 could be broken by the next candle), L4 (Enter Long), Go out at the 2nd indifferent candle right from L4, it's the red one), L11 (Enter Short, Error Trade) L12 (Enter Short), L5 (Exit and Enter Long), L13 (Exit and Enter Short), L6 (Exit and Enter Long), L14 ("Exit and Enter Short" haven't to be, due to the fact that EMA120 and EMA 200 will be broken), L7 (Exit and Enter Long), L 15 (Exit and Enter Short with Stop Loss at DeMark/MoutekiLine at 0.93790)

Divergence
ADX can also show momentum divergence. See P1 (L11-L12-route). When price makes a higher high and ADX makes a lower high, there is negative divergence, or nonconfirmation. In general, divergence is not a signal for a reversal, but rather a warning that trend momentum is changing. It may be appropriate to tighten the stop-loss or take partial profits.
For related reading, check out Divergences, Momentum And Rate Of Change:
http://www.investopedia.com/articles.../04/012804.asp

Any time the trend changes character, it is time to assess and/or manage risk. Divergence can lead to trend continuation, consolidation, correction or reversal.

Notice the L3-L11-hallway is an example of an uptrend reversing to a downtrend. Notice how ADX rose during the uptrend, when +DMI was above -DMI. When price reversed, the -DMI crossed above the +DMI, and ADX rose again to measure the strength of the uptrend (L12-L5).

When ADX becomes over 50 it's time to go out of the trades or reduces several open positions.

http://www.investopedia.com/articles...-indicator.asp
contains useful informations about ADX - The Trend Strenght Indicator.

ADX: The Trend Strength Indicator

Introduction to ADX
The Average Directional Index (ADX) depicts a presence or absence of a trend. ADX advices on the strength of the dominant forces that move market prices here and now.
ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. The default setting is 14 bars, although other time periods can be used. ADX can be used on any trading vehicle such as stocks, mutual funds, exchange-traded funds and futures.

Breakouts are not hard to spot, but they often fail to progress or end up being a trap. But ADX tells you when breakouts are valid by showing when ADX is strong enough for price to trend after the breakout. When ADX rises from below 25 to above 25, price is strong enough to continue in the direction of the breakout. Conversely, it is often hard to see when price moves from trend to range conditions. ADX shows when the trend has weakened and is entering a period of range consolidation. Range conditions exist when ADX drops from above 25 to below 25. In a range, the trend is sideways and there is general price agreement between the buyers and sellers. ADX will meander sideways under 25 until the balance of supply and demand changes again.

ADX gives great strategy signals when combined with price. First, use ADX to determine whether prices are trending or non-trending, and then choose the appropriate trading strategy for the condition. In trending conditions, entries are made on pullbacks and taken in the direction of the trend. In range conditions, trend trading strategies are not appropriate. However, trades can be made on reversals at support (long) and resistance (short).

Links:
http://www.investopedia.com/articles...-indicator.asp
http://www.forexrealm.com/technical-...nal-index.html
http://www.dailyforex.com/articles/2...x_Trading.aspx
http://forex-indicators.net/adx


Practical Use:
http://forex-strategies-revealed.com...trategy-adxsar

i find that use PSAR is good to avoid the fause single gives by Gann-HiLo when trade with 5m TF or larger TF.

i can not use the ema well to place the order，i find it very difficult....please give some helps...

Hi lucas101

Feel free put a screen on this threat with your template!

Good idea!

You're wellcome!

Hi lucas 101


Might be there isn't everything in order? :-(

When EMA9 crosses EMA20 from down upwards Enter Long and when EMA9 crosses EMA20 downwards Exit and Enter Short, e.g. on M1 or M5 and look simultaneously at one or two timeframes higher to get more the global trend and you could take a look at ADX 20/25>. In ranging markets I would trade M1 or M5, in trending markets, M5, M15, H1, H4.


Take a look at "EMA-4-MTF" under "Tading System", which I've written two months ago under the nickname "Christian", might be you'll find some answers there?
http://www.forexfactory.com/showthread.php?t=199087

Might be you could take other indicators, which are more familiar with your trading style?

You could alter the EMA values in the hope that you'll get better ones? ;.)

Could you describe more precisely the trading circumstances which wouldn't just good enough for you?

Lucas 101, you could post here your EMA-problem, I'll take a look and will give you a feedback! .-)

I'm persuaded that we'll find a solution!

Kindest regards

you are very patient to help everyone，very kind...i will to study more about it with you.what time do you ofen trade in the markert？？

As you say when trade m1 ，m5 then go to see m15 or h1 for the golbl，when one of them appear indifference caandles you trade m1 or m5，right？？when you action the order it seems EAMs have little maybe no help like9 or 20...only use Gann HiLo，maybe ema55 or ema120 are good to help to see the tend in h1 or langge TF..

I would prefere the following trades:
P1 (Enter Short), P2 (Exit)

Dear friends:
I have the following questions about your pictures.
1/. I think, according to you rule, there should be a "Enter long" between P1 and P2, then what is the reason to exit at P2.
2/. how to trade the situation like P6,P7,P8,P9,P10. It seems the market reverse you at one after you enter.

Hello Forex Cube,

I need your help.
I tried to match (on the chart, EUR/USD) the first four or five trades at post #78. I am having some trouble matching those trades. I started with the trade having ticket # 81245411 to ticket # 81230897. Please see chart below. Help me correct this Lic Phil.

Thanks.

This is very impresive. Can you post charts with some of your trades? For this particular day you had 24 trades and it would be a big task to post charts for all of them, just some so the we can see the set up in action and in a way what is going through your mind.
By the way if I were trading a just apractice account with this kind of record, I would feel in heaven.
Best Regards,
bcarbon