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Intraday price action trend trading

  • #2,401
  • May 10, 2010 11:24am May 10, 2010 11:24am
I'm still struggling with the setting of this stupid robbot EA (auto BE / TS), it keeps my loss small all the time. But it just cant feel the momentum like human, whether there is a strong move or not!!

See post #2391 & 2397, 2 trade could have been 200p gain, now only 55.
  • #2,402
  • May 10, 2010 11:27am May 10, 2010 11:27am
Quoting Buildcity
I'm still struggling with the setting of this stupid robbot EA (auto BE / TS), it keeps my loss small all the time. But it just cant feel the momentum like human, whether there is a strong move or not!!
Interesting idea city. What is your max risk at the moment by the way - 20?
  • #2,403
  • Edited 12:49pm May 10, 2010 11:34am | Edited 12:49pm
Quoting Sutts
Interesting idea city. What is your max risk at the moment by the way - 20?
During early London time, most of the times the setting for EJ & GU like this:
SL - 15 ~ 20
TP - x2; (actually I sharp cut if anything uncomfortable, that's my weakness)
BE same as SL
TS - same as SL

It may work only for a scalper.
If we want to be a bigger winner, may be we should go for human control.

PS - EJ should allow more than GU, I meant it
  • #2,404
  • May 10, 2010 11:46am May 10, 2010 11:46am
Quoting Buildcity
During early London time, most of the times the setting for EJ & GU like this:
SL - 15 ~ 20
TP - x2; (actually I sharp cut if anything uncomfortable, that's my weakless)
BE same as SL
TS - same as SL

It may work only for a scalper.
If we want to be a bigger winner, may be we should go for human control.

PS - EJ should allow more than GU, I meant it
Hi, i'm new to this thread, seems interesting here.

Can someone tell me where i can get the break even EA, what are your settings for the bollinger bands.

Thanks in advance
Just my 2 cents worth
  • #2,405
  • May 10, 2010 11:53am May 10, 2010 11:53am
Quoting Guy Mann
Hi, i'm new to this thread, seems interesting here.

Can someone tell me where i can get the break even EA, what are your settings for the bollinger bands.

Thanks in advance
Search this : luktom visual order editor
Its free for public use, you can modify the setting to suit your own need, but use google translate to understand the details, as not in english

BTW, we use Keltner Channel with setting in 10, but not BB

Cheers mate
City
  • #2,406
  • May 10, 2010 12:01pm May 10, 2010 12:01pm
Quoting Guy Mann
Hi, i'm new to this thread, seems interesting here.

Can someone tell me where i can get the break even EA, what are your settings for the bollinger bands.

Thanks in advance
Hi Guy Mann,

I'm not sure if you know but the methods discussed on this thread are based on the lessons learnt in the "main" thread.

Heres the link http://www.forexfactory.com/showthread.php?t=217281

Hope it helps with your question about the settings for what look like Bollinger Bands but are actually Keltner Channels.

Alan
bringing order to chaos....
  • #2,407
  • May 10, 2010 12:09pm May 10, 2010 12:09pm
No give up Dave, we all know Sho method is work. I might go for your same trade but luckly my attention at the moment went to GU

Quoting Sutts
Another one here Sho. What do think the story is here please? Is this the wrong time of day to trade? - perhaps short covering got me. Looked like a real nice setup and I didn't see any bullish momentum on the correction.

Went short on the close of the first arrowed bar. Got stopped out. When the doji formed below the RN I pulled the trigger again....and got stopped out again.

Was this the big boys just playing games with me? Sure looked like the corrective move was over - then off it goes again once everyone jumps in short.

Have I just been...
  • #2,408
  • May 10, 2010 1:00pm May 10, 2010 1:00pm
Hi Dave and all guys,

Pls refer to Sho's post #1006 in the 1st thread (just have time to read this), the proper way to set sl, BE & TP is munual setting. Sorry for the mix up.

City


Quoting Buildcity
During early London time, most of the times the setting for EJ & GU like this:
SL - 15 ~ 20
TP - x2; (actually I sharp cut if anything uncomfortable, that's my weakness)
BE same as SL
TS - same as SL

It may work only for a scalper.
If we want to be a bigger winner, may be we should go for human control.

PS - EJ should allow more than GU, I meant it
  • #2,409
  • May 10, 2010 8:26pm May 10, 2010 8:26pm
Hi sho,
I like the way you teach and it is very generous of you teach for nothing.I am just wondering if its possible to show some trade exm in 4h charts,

Ty
shohel
  • #2,410
  • May 10, 2010 11:45pm May 10, 2010 11:45pm
Major s/r zone for today.

GU - Day chart
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  • #2,411
  • Edited May 11, 2010 12:06am May 10, 2010 11:55pm | Edited May 11, 2010 12:06am
Seems it doesn't want to go down around the r/n (late entry)

Sharp cut
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  • #2,412
  • May 11, 2010 12:24am May 11, 2010 12:24am
Hi Sho,

I had tried to draw the corrective/imp. wave on 15 min chart of eur/usd.
And I took short trade on #1.

On #2, I did not take the short entry in direction of impulsive wave because I see the momentum was up. Please note that last bar of up was not formed while I was looking the chart.
Did I draw the lines correctly?

Thanks for your guidance and help.
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  • #2,413
  • May 11, 2010 1:21am May 11, 2010 1:21am
Quick one with momentum down, pin breaking of r/n, short entry at the next bar open below the support. Manual cut
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  • #2,414
  • May 11, 2010 2:42am May 11, 2010 2:42am
Nice pin, but failed

its on EJ m15, i entered on 38 fib retrace

comments would be appreciated!
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Never whishing, always trading.
  • #2,415
  • Edited 3:11am May 11, 2010 2:53am | Edited 3:11am
Quoting Hova
Nice pin, but failed

its on EJ m15, i entered on 38 fib retrace

comments would be appreciated!
The market is awaiting news.
It's risky to trade until news has been released and we can see direction.

Also look at support and resistance at 118.25 area

EDIT: Note that the gap has not been filled yet
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  • #2,416
  • May 11, 2010 2:55am May 11, 2010 2:55am
What has been wrong with this? I have entered long at the cross:
(I know, the little pinbar 3 bars before was the better entry, but I wasn't there this moment).
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  • #2,417
  • May 11, 2010 3:05am May 11, 2010 3:05am
Quoting Milton
What has been wrong with this? I have entered long at the cross:
(I know, the little pinbar 3 bars before was the better entry, but I wasn't there this moment).
Milton, what is the direction of the Keltners?
Up, down or flat?
The market is awaiting news.
  • #2,418
  • May 11, 2010 3:07am May 11, 2010 3:07am
milton, read again mate



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Stop killing our Oceans, Stop using single use plastics.
  • #2,419
  • Edited 3:56am May 11, 2010 3:30am | Edited 3:56am
EURJPY Short entry after IB break, don't know if it was all right according to the method rules.

Regards

Peter

Edit:
closed out now with nice profit
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  • #2,420
  • May 11, 2010 3:35am May 11, 2010 3:35am
Quoting priceaction
Milton, what is the direction of the Keltners?
Up, down or flat?
The market is awaiting news.
Hi priceaction and Jakdan. The moment of the bar with the arrow, the KC was sloping up strongly. The bar with the arrow was a 61.8% Fib retrace with the previous bar and a 38% Fib retrace with the last swing. It made a higher high in an all uptrend (1 hour and daily and weekly).
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