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  • #821
  • Feb 9, 2010 11:03pm Feb 9, 2010 11:03pm
If the shaded area breaks ... we get a fractal alert and a valid long trade ...

Attached Image (click to enlarge)
Click to Enlarge Name: GU_006.png Size: 74 KB
  • #822
  • Feb 10, 2010 12:02am Feb 10, 2010 12:02am
I took the break but got out at break even ... waiting for another setup now

Quoting stratman
If the shaded area breaks ... we get a fractal alert and a valid long trade ...

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  • #823
  • Feb 10, 2010 12:58am Feb 10, 2010 12:58am
We still might get the break ... the shaded areas are the points to watch and get out if it looks like going to be rejected

Attached Image (click to enlarge)
Click to Enlarge Name: GU_007.png Size: 74 KB
  • #824
  • Edited 3:34pm Feb 10, 2010 1:23am | Edited 3:34pm
EDIT: Video Explanation Here

Quoting stratman
We still might get the break ... the shaded areas are the points to watch and get out if it looks like going to be rejected
Worth the wait ... out for +18 pips. Time for bed now so catch you guys tomorrow

I'll try to give you guys more tips like this just before I take a trade. You can subscribe to this thread in such a way as to get an immediate email when a post is made.

Attached Image (click to enlarge)
Click to Enlarge Name: GU_008.png Size: 73 KB
  • #825
  • Feb 10, 2010 1:37am Feb 10, 2010 1:37am
I took the same GBPUSD trade but I got 21 pips - do I win a prize? ;o) It's certainly helpful to see your thinking Stratman so I can only encourage more of it.
  • #826
  • Edited 2:10am Feb 10, 2010 1:51am | Edited 2:10am
great job, Stratman. looking forward learning from you..in the DB future update, do you think you can add this MTF synergy into the DB? more information here:http://www.compassfx.com/video/flash...AS2_Intro.html
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  • #827
  • Feb 10, 2010 3:40am Feb 10, 2010 3:40am
Quoting stratman
Thanks ... I have more exciting stuff to come. Shortly, I hope to provide a buy/sell signal derived from how I trade ie it will look at all my 'rules' and alert you for a trade entry (from the dashboard).

My only concern with that idea is that some people will not learn how to trade. Teaching people to trade is my goal. I don't want to be a signal service ... this is a big dilema for me.
If that's the case, then I might have to test trade this once it's released! haha, been trying to figure out a way for which I can do scalp and medium/long term trades at the same time. Your dashboard just keeps getting more and more impressive. But in this case, won't it be pretty much the same as a EA? With the only difference being we have to manually place the trades once the signal appears, but I wonder just how accurate those signals are when compared to your own signal that you find manually?
  • #828
  • Feb 10, 2010 3:54am Feb 10, 2010 3:54am
Quoting Nobitacu
Here's what I'm seeing right now with Euro. Currently, I'm looking for a retracement up to the 50% fibo area to short again, which is 1.3805 on H4, and exactly 1.3800 on the Weekly.

Now, if we look at the last 300 candles on the H4, it's a clear downtrend, however, if we look at the weekly, we can see clearly that it is still in its upward movement, and this downward movement we've been having since November 2009 looks like a correction/retracement/pullback (all three name means the same lol) of this upward movement. Another words, our medium...
Well, price has reached my entrance short level at the 50% fibo I mentioned few days back, and it has been holding the price down wonderfully so far, however, right now the movement depends on how the euro summit turns out if they will have a bailout set for Greece, but I just don't see Germany able to do that for Greece as they are short on funds themselves, and I'm sure their people won't like that idea as well. We also have a H4 resistance level drawn by the dashboard at 1.3837, which I hope will also help hold this pair down, but that level was formed by the fake up move that happened yesterday with a unfunded news that Germany is going to bail out Greece, which was false, but still made that move anyways from it, so will have to see if it would be a strong resistance line or not as it wasn't from a true movement in my mind. The dashboard also drew a H4 support line at the 1.3691 level, which happens to be where 23.6 fibo is, so to me, that makes it a price point that if breaks, will help confirm euro's continue downside movement.

I'm still short biased on the eur/usd, but I won't take a position until this summit thing is finished, since if they actually have a action policy in place for Greece, then eur/usd might shoot up, and we might possibility be right back onto the long term weekly trend again on the upside, but if they only have a statement of intent, then we should see the eur/usd to continue on its slide down the current medium term trend down, which might then actually turn into a long-term trend on the weekly that could go all the way down to the 1.2456 area, forming a weekly double bottom before it decides on its new trend again.

If price does indeed move up, I really can only see it moving up to the 1.4082-1.4200 price range before coming down again, as those will be the 50% and 61.8% fibo levels on the Daily on my chart.

Best wishes.
  • #829
  • Feb 10, 2010 5:20am Feb 10, 2010 5:20am
I entered the following EU short Trade
Enter Price 1.3774
SL 1.3791
TP1 1.3762 (slightly above DPV)
TP2 1.3752 (slightly above Sweet Spot of 1.375)
Entered trade basis 15M and 5M trade and actual entry on 1M TF.
However, I got stopped out. The SL was tight as I did not want a bearble R/R.
PA touched my SL and then tanked 7 mins later. Was it my bad luck or is there something I missed out while placing the Trade. If former I accept the loss (live account) and if later then I must learn more.

Experts / seniors pls analyse and comment.
Cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 5M Short.PNG Size: 42 KB
Click to Enlarge Name: EU 1M Short.PNG Size: 38 KB
  • #830
  • Edited 6:34am Feb 10, 2010 5:53am | Edited 6:34am
I've taken my short as well, we'll see what happens. I'm in for the medium term length however with TS at 50 pips, so will be in this ride until I'm taken out. I'm hoping for this pair to drop all the way to the 61.8 weekly fibo level of 1.3482. I'm now hoping for the hour candle to close below the H1 Support level of 1.3733 drawn by the dashboard, which should further confirm the near term downside PA.
  • #831
  • Edited 11:59am Feb 10, 2010 7:22am | Edited 11:59am
My TS triggered, now this trade is a fun free train ride for me with great views and lots of pips for desert until the ride stops. +63 pips and counting.

Edit: Got stopped out with positive SL, have to look for new entrance again, it was a short ride this first one lol. Waiting for a pullback to the 50% fibo again on my H4 chart for possible re-entrance.
Attached Image (click to enlarge)
Click to Enlarge Name: Euro.jpg Size: 149 KB
  • #832
  • Feb 10, 2010 12:37pm Feb 10, 2010 12:37pm
Glad you got it as well. This is a classic example of how I trade ... I'll do a video to explain it.

Quoting HammerNail
I took the same GBPUSD trade but I got 21 pips - do I win a prize? ;o) It's certainly helpful to see your thinking Stratman so I can only encourage more of it.
  • #833
  • Feb 10, 2010 3:35pm Feb 10, 2010 3:35pm
Here's a video explanation of the GU trade. Following my rules, it could have got you up to 70 pips

Quoting stratman
Worth the wait ... out for +18 pips. Time for bed now so catch you guys tomorrow

I'll try to give you guys more tips like this just before I take a trade. You can subscribe to this thread in such a way as to get an immediate email when a post is made.

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  • #834
  • Feb 10, 2010 3:39pm Feb 10, 2010 3:39pm
Lots of people have asked me to program 'synergy' system into the mini charts (free) or the dashboard. Because I don't use synergy, I haven't done this ... it will cost me too much time for little advantage to myself.

Programming this (properly ) could take a few days and I would expect to charge a couple of days to program it properly. My contract programming service is $60/hr so likely too much for any one person to pay ie approx $1000 USD for two days.

Someone needs to convince me it's worth doing

Quoting chrislee073
great job, Stratman. looking forward learning from you..in the DB future update, do you think you can add this MTF synergy into the DB? more information here:http://www.compassfx.com/video/flash...AS2_Intro.html
  • #835
  • Feb 10, 2010 3:42pm Feb 10, 2010 3:42pm
I don't think this will work as an EA (yet ) as there are too many things to consider eg trend lines, news etc ... also time of day. I have never traded the UK/US cross over period with my rules so have no idea how well I'd perform.

Quoting Nobitacu
If that's the case, then I might have to test trade this once it's released! haha, been trying to figure out a way for which I can do scalp and medium/long term trades at the same time. Your dashboard just keeps getting more and more impressive. But in this case, won't it be pretty much the same as a EA? With the only difference being we have to manually place the trades once the signal appears, but I wonder just how accurate those signals are when compared to your own signal that you find manually?
  • #836
  • Feb 10, 2010 3:52pm Feb 10, 2010 3:52pm
Can you tell me what you broker time-zone is ... I'm having trouble finding the same spot on my charts.

Quoting novice198
I entered the following EU short Trade
Enter Price 1.3774
SL 1.3791
TP1 1.3762 (slightly above DPV)
TP2 1.3752 (slightly above Sweet Spot of 1.375)
Entered trade basis 15M and 5M trade and actual entry on 1M TF.
However, I got stopped out. The SL was tight as I did not want a bearble R/R.
PA touched my SL and then tanked 7 mins later. Was it my bad luck or is there something I missed out while placing the Trade. If former I accept the loss (live account) and if later then I must learn more.

Experts / seniors pls analyse and comment.
Cheers
  • #837
  • Feb 10, 2010 4:38pm Feb 10, 2010 4:38pm
This is why I don't like entering around news ... 80 pip spike

Attached Image (click to enlarge)
Click to Enlarge Name: AU.png Size: 97 KB
  • #838
  • Feb 10, 2010 6:28pm Feb 10, 2010 6:28pm
Chart working up to the trend line.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd 15 min.gif Size: 26 KB
  • #839
  • Feb 10, 2010 7:01pm Feb 10, 2010 7:01pm
Quoting stratman
Can you tell me what you broker time-zone is ... I'm having trouble finding the same spot on my charts.
I am using GMT +1 for Broker time as I am using Meta Trader (Alpari). The Dashboard has been set accordingly.

Trust with above you will be able analyse the trade.
Cheers.
  • #840
  • Feb 10, 2010 7:19pm Feb 10, 2010 7:19pm
Quoting novice198
I am using GMT +1 for Broker time as I am using Meta Trader (Alpari). The Dashboard has been set accordingly.

Trust with above you will be able analyse the trade.
Cheers.
You weren't following the rules of trading with the trend ie you need to be trading away from the moving average. See my pic ... you entered the trade when there wasn't enough 'space' to the ma in the direction you traded.

Check out the video trading with the trend on my web site.

Attached Image (click to enlarge)
Click to Enlarge Name: EUa.png Size: 71 KB
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