- #11,583
- Mar 30, 2010 8:58am Mar 30, 2010 8:58am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
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Member
Member Since Feb 2010
26 Posts
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Quote:
Originally Posted by pedma http://cdn.forexfactory.com/images/buttons/viewpost.gif...
rafiki-please read the rules for this system
acc to the rules(if I read them well) on a long trade you have to place the stop loss at the bottom of the cloud -5 to 10 pips according to the TF you are on.
please look at the attachement to see how I do it .
for the TP just look back at the CS (the black line )to see the next level of support and resitance as a previous support or resistance could as well be a resitance in the future.I just put my TP there.
this is up to the spread at the end and the SL as you have to calculate the risk reward ratio to be some 1/2 or 1/3 in order to afford to loose more transactions than you win and still be in profit.
the thinner the clouds beneath the smaller the risk as the sl is tighter but less support for the price.
just let me know if you understood what I just said
and feel free to ask
- #11,584
- Mar 30, 2010 9:00am Mar 30, 2010 9:00am
Glad you like it
The alerts are all based on the H1 timeframe which it then takes a screenshot of and shows alongside the H4 and D1 bullish/bearish criteria.
The things which hurt, instruct! - Benjamin Franklin
- #11,585
- Mar 30, 2010 9:06am Mar 30, 2010 9:06am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
just hit the 50% profit of my initial acc balance.
I wonder how long will luck stay on my side untill the elevator fall)
vic-just one question.if you have a flat ks right after a ts/ks cross that complies with all the rules do we wait for a pullback and enter trade when the trend resumes or we enter right away at the cross?
Normally I wait to resume to catch more from the trend is it correct?
I wonder how long will luck stay on my side untill the elevator fall
)vic-just one question.if you have a flat ks right after a ts/ks cross that complies with all the rules do we wait for a pullback and enter trade when the trend resumes or we enter right away at the cross?
Normally I wait to resume to catch more from the trend is it correct?
- #11,587
- Mar 30, 2010 9:08am Mar 30, 2010 9:08am
Excellent work, thanks so much.
thankyou for the kind words.Anyone else in on this short?
Only problem seems to be the H4 TSxKS (which look to be about to cross), and the CSPAN position, however it is aligned with a very thin kumo so I think it looks good.
http://ichimokulab.com/screen/EURCAD...1269965236.gif
That's no problem, lets hear what a few other people think first but will definitely consider it
You don't need to refresh the website at all, it should automatically post new alerts without a refresh onto your screen.
If you use RSS feeds to read blogs you can sign upto the feed and have the feeds delivered, there are numerous rss email notification services for free online as well.
I will try and add in a function to email people instantly this week so you don't have to use external websites.
If you have a smart phone like an iphone that...
- pedma -
Good friends are more valuable than gold ...
No problem
Anyone else in on this short?
Only problem seems to be the H4 TSxKS (which look to be about to cross), and the CSPAN position, however it is aligned with a very thin kumo so I think it looks good.
http://ichimokulab.com/screen/EURCAD...1269965236.gif
By the way.... EURCAD_H1 broke out from the kumo last hour.....
- #11,594
- Mar 30, 2010 9:59am Mar 30, 2010 9:59am
Could you please activate OHLC in your metatrader... it is easier to determine, which currency you are referring to...
By the way.... EURCAD_H1 broke out from the kumo last hour.....
Im not sure which broker you are using, im with FXPro, my EURCAD H1 definitely broke out as shown in that screenshot, the previous bar it reached a low of 3699 kumo was 3698.
Thanks for the feedback
- #11,599
- Mar 30, 2010 10:45am Mar 30, 2010 10:45am
Im in the same trade and I would recommend you to close part, put your sl at breakeven and let it ride, for exit i would recommend you to take a look at asher post about exit with heikishin ashi candles.
this is what i did
and i will check Asher post