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TraCop-1%

  • #281
  • Edited 7:33am Jan 6, 2010 5:00am | Edited 7:33am
Quoting maxwell-eqtn
Hello Lic Phil,

Could you please explain why you went long at P1 and P3.

Thanks

Hi mawwell-eqtn

You can say Forexcube to me. The title Lic.phil. is only to mark the uni-education, golden hours of my phase of life, thinking as is usual or s.th. like that. :-)

The candle at P1 is above GannHiLo and before P3 there is a hammer and no crossover in the EMA-Lines. The candles between P2 and P3 move between EMA55 and EMA120, so you can say that there might be a market consolidation, very characteristically after such strong P1-P2 upward movement in oil charts.

So two times Enter Long.

Good Luck to you and hope this helps!

Forexcube
  • #282
  • Edited 8:59am Jan 6, 2010 5:12am | Edited 8:59am
EURCHF, Daily, M5

Enter Long at 1.48284 at 12:08


Monitor H1 and H4.


Look at reversal pattern. If there has been a series of lower lows and lower highs, and then there is a higher low, I'll consider it might be a reversal, but there are many reversal pattern known. When the trend starts to reverse close to the EMA55, check the longer term chart.


ADX
When ADX becomes over 50 it's time to go out of the trades or reduces several open positions.
It's moreover an interesting point to enter (Long or Short) in the market, but now don't monitor Daily Chart for an +/- DI crossover (it'll come too late on Daily TF), look at M15, M30, H1.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCHF, M5, 2010 January 06.jpg Size: 170 KB
Click to Enlarge Name: EURCHF, Daily, 2010 January 06.jpg Size: 163 KB
  • #283
  • Jan 6, 2010 6:23am Jan 6, 2010 6:23am
Quoting Forexcube
TraCop-1%, startup 2010 January 04
updateAccount Deposit: 10'000.- $
Target 1%-A-Day (100.- $)
Open Day: 2010 January 03
Status quo: 2010 January 06
Closed Trade P/L: 4'543.08 $
Floating P/L: -364.90 $
Equity: 14'178.18 $
Balance: 14'543.08 $
Profit: + 4'178.18 $
Account History File:
see attachment History File, TraCop-1%, startup2010 January 06, 7h47 GMT +1.pdf
I'm following your thread with great enthusiasm. I have an idea, if you can... to explain better your strategy, you could use CAMTASIA STUDIO 6, in this way everyone could see live your strategy, system in a simple movie.
It's just an idea to help.

Thank you for all efort.
Happy New Year
  • #284
  • Edited 7:38am Jan 6, 2010 7:19am | Edited 7:38am
Quoting vasi
I'm following your thread with great enthusiasm. I have an idea, if you can... to explain better your strategy, you could use CAMTASIA STUDIO 6, in this way everyone could see live your strategy, system in a simple movie.
It's just an idea to help.

Thank you for all efort.
Happy New Year

Hi vasi
Thank you for your kind words. Your feedback is very important for me.
It's truly my pleasure to help you and other traders succeed in Forex!
Thanks for this information.

Happy trading!

Forexcube
  • #285
  • Jan 6, 2010 7:32am Jan 6, 2010 7:32am
The higher the timeframe the less false signals are expected.
  • #286
  • Edited 7:51am Jan 6, 2010 7:41am | Edited 7:51am
This morning up and in the afternoon down?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY, M5, 2010 January 06.jpg Size: 157 KB
  • #287
  • Jan 6, 2010 7:50am Jan 6, 2010 7:50am
If you have an option to choose 3 hours and 4 hours charts, I'd switch in favor of 4 hour. 4 hour time frame is the one that is commonly used among traders. It is somewhat a standard - a time frame which is present on majority of trading platforms. The 3 hour time frames might be more of an invention/option offered by Brokers in very few instances, it is rarely used in Forex.
  • #288
  • Jan 6, 2010 8:07am Jan 6, 2010 8:07am
EURJPY, M5

Candles struggling at the Demarker Line.

Next could be EMA200 at 132.245.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY, M5, 2010 January 06, 15h03.jpg Size: 164 KB
  • #289
  • Jan 6, 2010 8:13am Jan 6, 2010 8:13am
Waiting for a further down?
  • #290
  • Jan 6, 2010 8:21am Jan 6, 2010 8:21am
My email is

[email protected]

regards
Forexcube
  • #291
  • Jan 6, 2010 8:23am Jan 6, 2010 8:23am
OTS, say Online Trading System means that TraCop-1% trading strategy has been demonstrated just now - online life.
  • #292
  • Jan 6, 2010 8:26am Jan 6, 2010 8:26am
DeMark/Mouteki is forming a Triangle at M1 as well as on H1.

Waiting for the next little outbreak?

Range is 1.4260 - 1.4490 now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD, M1, 2010 January 06.jpg Size: 152 KB
Click to Enlarge Name: EURUSD, H1, 2010 January 06.jpg Size: 169 KB
  • #293
  • Jan 6, 2010 8:35am Jan 6, 2010 8:35am
EURUSD Monthly

EURUSD had had the value of 0.8225 in 2000.10.01. ;-)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, Monthly, 2010 January 06.jpg Size: 156 KB
  • #294
  • Edited 12:27pm Jan 6, 2010 8:44am | Edited 12:27pm
Candlestick reversal on at EMA50 1 hour chart?

Simple Stepping into Position
will edge towards holding positions for the longer term.

Pairs: any (watch multiple)

Indicators: 50 EMA H1 chart
Candlestick reversal (or use the reversal pattern).

Filter: EMA200 H4 chart

Short Entry:
4H EMA200 going sideways (or sloping little down).
Look for reversal patterns in the vicinity of the H1 EMA55. These can be taken from anywhere above the line to a small distance below the line. If the EMA200 is going sideways, make sure EMA55 is sloping down. (If the H4 EMA200 is sloping down, the direction of the H1 55EMA doesn't matter).

Long Entry is opposite.

Note:
For shorter investments watch multiple (M5, M30, H1, H4, Daily)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY, H1, 2010 January 06.jpg Size: 151 KB
Click to Enlarge Name: EURJPY, H4, 2010 January 06, 15h44.jpg Size: 161 KB
  • #295
  • Jan 6, 2010 8:47am Jan 6, 2010 8:47am
... then you are a scalper ... profit just 2 -10 pips sometimes 20 -30 (rare) pips and you mostly trade on 1M timeframes because of your small profit ....

is it right?

trade well ...
  • #296
  • Edited Jan 7, 2010 1:37am Jan 6, 2010 9:21am | Edited Jan 7, 2010 1:37am
Quoting dogol
... then you are a scalper ... profit just 2 -10 pips sometimes 20 -30 (rare) pips and you mostly trade on 1M timeframes because of your small profit ....

is it right?

trade well ...

Hello dogol

At the beginning of this 10'000.-$ Account I have to prefere (must) the stressful scalping trading so much the more if market doesn't show a clear direction. TraCop-1% is a multiple time frame trading strategie and I hope to get some peace when a Profit around 7'000.- $ would be made. I like H1 and H4 all the same but with a 10'000.- $ Account you can't jump in longtime investments with 1 Lot throughout the forex prairie. The scalping give me an excellent control concept, when close beside this watching multiple and in range-bound markets.

You're wellcome!
  • #297
  • Jan 7, 2010 12:13am Jan 7, 2010 12:13am
EURUSD, H1

While the market is trading sideways it does not make any new highs or new lows. You'll be able to draw simple channel lines and watch the market trading inside the channel. A break out of the channel will re-establish a trending market mode.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, H1, 2010 January 07, 7h03.jpg Size: 170 KB
  • #298
  • Edited 2:07am Jan 7, 2010 1:09am | Edited 2:07am
USDCAD, H4

Enter Long at 1.03541 at 8h04 GMT +1
Target: 1.0600


Or wait till confirmation at EMA9/20 crossover has finished on H1 and watch furhter on H1 for a candle to pierce EMA55 and finally close above. Enter once more with the second candle after it makes 5 pips higher than previous one. The same you coud make with 90 minute or 3 hour chart. (Traders who are interested in setting a Stop Loss: 20 pips below EMA55).
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD, H4, 2010 January 07.jpg Size: 146 KB
  • #299
  • Jan 8, 2010 3:26am Jan 8, 2010 3:26am
EURJPY Weekly, 2010 January 08

EURJPY offers a good opportunity for range-bound trading since 2009 March 22.
Range: 128.00 - 139.00

The upper and lower boundary of the channel is shown by a trendline.

Link:
"Identifying Rending & Range-Bound currencies"
http://www.investopedia.com/articles.../05/062205.asp
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY, Weekly, 2010 January 08.jpg Size: 157 KB
  • #300
  • Jan 8, 2010 8:17am Jan 8, 2010 8:17am
Is anyone interested in this threat any longer?
It has only 4 stars and not much traders have made a comment further on?
I think I have told enough and it is time to move on.

Kindest regards

Forexcube
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