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The System III (Oh no!)

  • #301
  • Mar 18, 2010 10:20am Mar 18, 2010 10:20am
Break of the xxx48 was a nice quick trade.. Feb great thread hope you keep posting your thoughts..
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  • #302
  • Mar 18, 2010 10:46am Mar 18, 2010 10:46am
I love this thread - this is my kind of trading. But I feel more comfortable with higher TF's like 4h or even daily. 30m is too uncertain for me. I also try to pay attention to the round numbers like x.000, x.500, x.100 etc.
Anyway - thank you feb for all those "systems" of yours - I learn a lot from it. You're great teacher.

Here is my yesterday's trade on EJ:
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  • #303
  • Mar 18, 2010 1:05pm Mar 18, 2010 1:05pm
Hello to all,

Closed my first short for 125+ my second for 90+ (see my chart). Now I can buy that cup of coffee and a McMuffin! This will give me some cushion for future losses.

Best to all,
Unus pro omnibus, omnes pro uno
  • #304
  • Mar 18, 2010 1:40pm Mar 18, 2010 1:40pm
Quoting moneda
Hello to all,

Closed my first short for 125+ my second for 90+ (see my chart). Now I can buy that cup of coffee and a McMuffin! This will give me some cushion for future losses.

Best to all,
Congrats!!!

I've seen that 4 hours TF tend to be more suitable for Feb's trading style. I am waiting for Eur and GBP to form a retrace to enter.

Thanks & Regard,
  • #305
  • Mar 18, 2010 3:28pm Mar 18, 2010 3:28pm
Quoting forex_fan
Congrats!!!

I've seen that 4 hours TF tend to be more suitable for Feb's trading style. I am waiting for Eur and GBP to form a retrace to enter.

Thanks & Regard,
Yeah, I think I'm moving up a notch to 4hr chart.
Peace
  • #306
  • Mar 18, 2010 3:39pm Mar 18, 2010 3:39pm
Quoting feb2865
Yeah, I think I'm moving up a notch to 4hr chart.
Feb,

4hr timeframe must feel like watching paint dry for you!.... But you know what? I am right there with you... I am going to give it a try too. My work and other issues seem to cry out for a less stressful approach. This will be a way to hone my skills until I can be properly capitalized.

Peace,

P.S...oops! for me it will be a 3hr timeframe (Oanda)
Unus pro omnibus, omnes pro uno
  • #307
  • Mar 18, 2010 3:52pm Mar 18, 2010 3:52pm
Quoting moneda
Feb,

4hr timeframe must feel like watching paint dry for you!.... But you know what? I am right there with you... I am going to give it a try too. My work and other issues seem to cry out for a less stressful approach. This will be a way to hone my skills until I can be properly capitalized.

Peace,

P.S...oops! for me it will be a 3hr timeframe (Oanda)
oh you have no idea brother but I tell you on me, healthwise, I can't handle the stress that comes with scalping no more!!!

I just place my limits/stop etc and literally walk away from the screen....so hard but I guess I have no choice..


So far is working nicely!!
Peace
  • #308
  • Mar 18, 2010 4:08pm Mar 18, 2010 4:08pm
Quoting feb2865
oh you have no idea brother but I tell you on me, healthwise, I can't handle the stress that comes with scalping no more!!!

I just place my limits/stop etc and literally walk away from the screen....so hard but I guess I have no choice..


So far is working nicely!!
Feb,

I hear you my friend.... this will give you more time for tostones, a cold one and other pleasurable things! tl

Can I thank you one more time for all that you have helped me with my trading and outlook on life?

Ok....THANKS!
Unus pro omnibus, omnes pro uno
  • #309
  • Mar 18, 2010 5:09pm Mar 18, 2010 5:09pm
Quoting feb2865
oh you have no idea brother but I tell you on me, healthwise, I can't handle the stress that comes with scalping no more!!!

I just place my limits/stop etc and literally walk away from the screen....so hard but I guess I have no choice..


So far is working nicely!!

I've sort of figured out about your health from previous threads as well (system I & II). I wish you best of the health and genuinely appreciate your teachings.

I tried scalping for sometime, even paid for to so called "gurus". You can't believe but in the very early stage, paid $3500 for learning the "Holy Grail System" from the scalper who was using MACD and very fancy system.

If I think now, I feel, how stupid of me to blindly follow people.

I have a strong believe somehow that scalping in a long term is not very effective. Rather anything above 4 hours with your teachings works brilliant.

But again people might be good at scalping, I just don't know it yet. However, I am not willing to take that extra stress for maybe a few extra pips at the end of the week.

Thanks & Regards,
  • #310
  • Mar 18, 2010 5:52pm Mar 18, 2010 5:52pm
Quoting moneda
Hello to all,

Closed my first short for 125+ my second for 90+ (see my chart). Now I can buy that cup of coffee and a McMuffin! This will give me some cushion for future losses.

Best to all,
So, so glad to hear this, Mon! Very happy for you. Keep on pulling pips!
  • #311
  • Mar 18, 2010 5:55pm Mar 18, 2010 5:55pm
Quoting forex_fan
I've sort of figured out about your health from previous threads as well (system I & II). I wish you best of the health and genuinely appreciate your teachings.

I tried scalping for sometime, even paid for to so called "gurus". You can't believe but in the very early stage, paid $3500 for learning the "Holy Grail System" from the scalper who was using MACD and very fancy system.

If I think now, I feel, how stupid of me to blindly follow people.

I have a strong believe somehow that scalping in a long term is not very effective. Rather...
Scalping is a generic word. Some people say it's going heavy loaded looking for small moves...that's not right. Anyway, the only way you can be successful in this style of trading is looking at actual price like a DOM or something...

I am officially moving to 4hr I find the moves more balanced.
Peace
  • #312
  • Mar 18, 2010 7:10pm Mar 18, 2010 7:10pm
Thought I would post this indicator that makes it easy to walk away from the charts.

It simply sounds an alert when prices touches any line drawn on the chart.
Found it here on FF.

Hope everyone finds it as useful as I do.
Attached File(s)
File Type: ex4 Alerter4U.ex4   8 KB | 641 downloads
  • #313
  • Mar 18, 2010 7:41pm Mar 18, 2010 7:41pm
Quoting tubguy
Thought I would post this indicator that makes it easy to walk away from the charts.

It simply sounds an alert when prices touches any line drawn on the chart.
Found it here on FF.

Hope everyone finds it as useful as I do.
Thanks Tubguy!

Could you possibly post how to put an ex4 on the chart? I have no issues with mq4 files but the ex4 I cannot find to add to a chart after I have put it in the indicator folder.

Thanks,

Scott
  • #314
  • Mar 18, 2010 8:32pm Mar 18, 2010 8:32pm
Quoting elizo
So, so glad to hear this, Mon! Very happy for you. Keep on pulling pips!
Elizo,

Thanks my friend, just getting back into the battle... hope you are doing well and getting some sleep!
Unus pro omnibus, omnes pro uno
  • #315
  • Mar 18, 2010 8:36pm Mar 18, 2010 8:36pm
Quoting nsscott
Thanks Tubguy!

Could you possibly post how to put an ex4 on the chart? I have no issues with mq4 files but the ex4 I cannot find to add to a chart after I have put it in the indicator folder.

Thanks,

Scott

Sorry for the slow reply Nsscott.

It will be in the custom indicators area. If so just right click and drag it onto the chart. If it's not there, try restarting your platform.
Let me know if that works.
  • #316
  • Mar 18, 2010 8:42pm Mar 18, 2010 8:42pm
Quoting tubguy
Sorry for the slow reply Nsscott.

It will be in the custom indicators area. If so just right click and drag it onto the chart. If it's not there, try restarting your platform.
Let me know if that works.
Thanks tubguy! - that's definitely a life saver....
Peace
  • #317
  • Mar 18, 2010 8:50pm Mar 18, 2010 8:50pm
Quoting feb2865
Thanks tubguy! - that's definitely a life saver....

My pleasure. Glad I could contribute.
  • #318
  • Mar 18, 2010 8:58pm Mar 18, 2010 8:58pm
Quoting nsscott
Thanks Tubguy!

Could you possibly post how to put an ex4 on the chart? I have no issues with mq4 files but the ex4 I cannot find to add to a chart after I have put it in the indicator folder.

Thanks,

Scott
close your plattform and open it again after putting the ind into the
/epert/indicators/ folder
  • #319
  • Mar 18, 2010 9:06pm Mar 18, 2010 9:06pm
Quoting feb2865
Yeah, I think I'm moving up a notch to 4hr chart.

hi Feb and all others
i follow your postings with very much ijntresting cause i also woukd like to trade from bigger TFs
i play a little bit with system I, with small positionsize to get e feeling

moneda, congrate your last trades, good job
  • #320
  • Mar 19, 2010 1:11am Mar 19, 2010 1:11am
Feb Sir

Glad to hear u moving to 4H timeframe as i'm also trying to utilise your methodology on the 4H timeframe too.

Btw currently am sitting on a short of EU @ 1.38 with SL @ 1.365

Thanks for making sense (or rather pips) of Fx trading

Pip well sir
"Thinking Heart & Feeling Brain"
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