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  • #3,081
  • Jul 20, 2010 7:47am Jul 20, 2010 7:47am
Quoting lovejoy80
Will do...I actually didn't see the 1st bar...so the bar I bought it on was what I thought was the 1st bar. Doh!
I did that yesterday!
  • #3,082
  • Jul 20, 2010 7:49am Jul 20, 2010 7:49am
so, we observe the 5 sec-bar which starts at xx.59.55 right?
meine augen sind die sterne
  • #3,083
  • Jul 20, 2010 7:51am Jul 20, 2010 7:51am
Quoting aserbfx
so, we observe the 5 sec-bar which starts at xx.59.55 right?
No, the one that starts at xx.00.00
  • #3,084
  • Jul 20, 2010 9:45am Jul 20, 2010 9:45am
second that!

this is a mechanical system which appeals to most of its followers i suspect but the moment trades start being reported based on one's individual discretion, then the system has lost its sanctity.

Quoting DanUK
Fair enough!

Perhaps people wouldn't mind just noting if they have differed from Tony's rules when announcing trades! Otherwise I start getting worried that I'm going

Cheers!
  • #3,085
  • Jul 20, 2010 1:58pm Jul 20, 2010 1:58pm
Tony,

would you clarify below pls? i was under the impression that you traded in the directon of the 1st 5 sec bar whatever be the bar length.. but looks like you apply some discretion?

Quoting Tony112
yes, initial direction was sell but it was less than 1 pip... it quickly reversed into buy
  • #3,086
  • Jul 20, 2010 2:06pm Jul 20, 2010 2:06pm
Quoting Tony112
yes, initial direction was sell but it was less than 1 pip... it quickly reversed into buy
Tony , news rules ?
  • #3,087
  • Jul 20, 2010 3:36pm Jul 20, 2010 3:36pm
looking forward to london and trading with you guys !!
  • #3,088
  • Jul 20, 2010 3:52pm Jul 20, 2010 3:52pm
Quoting coolshades
second that!

this is a mechanical system which appeals to most of its followers i suspect but the moment trades start being reported based on one's individual discretion, then the system has lost its sanctity.
Well, exactly. Trading in the initial direction was the "strategy". Now with the "yes but" tossed into the mix, it has taken on something different. Ah well, that is how it usually goes in the various trading system threads.
  • #3,089
  • Jul 20, 2010 4:24pm Jul 20, 2010 4:24pm
Maybe I´m wrong but I think Tony´s rules are the same: we have to enter in the "Initial Direction", if the first 5s candle is bearish 1 pip and the second 5s candle is bullish 5 pips, the "Initial Direction" for me is bullish.
It´s not so mechanic but, what I do is to wait 1-3 firsts 5s candles to make sure what is the Initial Direction .....
  • #3,090
  • Jul 20, 2010 4:25pm Jul 20, 2010 4:25pm
Quote
Well, exactly. Trading in the initial direction was the "strategy". Now with the "yes but" tossed into the mix, it has taken on something different. Ah well, that is how it usually goes in the various trading system threads.

Are you some kind of sheep to blindly follow rules you get set or are you able to use your brain and know that there will always be "yes but's". Before complaining get your stuff straight and get a method up and running you gain consistent profits, than make a thread that is supported by you over a year, then come back and complain.
And if you don't like "yes but's", code yourself a profitable EA and be happy.
  • #3,091
  • Jul 20, 2010 4:32pm Jul 20, 2010 4:32pm
Quoting Caillou
Maybe I´m wrong but I think Tony´s rules are the same: we have to enter in the "Initial Direction", if the first 5s candle is bearish 1 pip and the second 5s candle is bullish 5 pips, the "Initial Direction" for me is bullish.
It´s not so mechanic but, what I do is to wait 1-3 firsts 5s candles to make sure what is the Initial Direction .....
OK, Thanks.
  • #3,092
  • Jul 20, 2010 4:57pm Jul 20, 2010 4:57pm
I agree with Caillou. I think that the rules are the same. and in 99% of the situations it shouldn't matter. Judging by previous posts most people are in on the profit when there is one. That is all that should matter.
  • #3,093
  • Edited 5:45pm Jul 20, 2010 5:40pm | Edited 5:45pm
Quoting alfanzereii
Are you some kind of sheep to blindly follow rules you get set or are you able to use your brain and know that there will always be "yes but's". Before complaining get your stuff straight and get a method up and running you gain consistent profits, than make a thread that is supported by you over a year, then come back and complain.
And if you don't like "yes but's", code yourself a profitable EA and be happy.
You know what you can do with your attitude. I am sure I don't have to explain that.

If you deciphered my comment to a simplistic "complaining" comment, you are on the wrong side of the fence. Look at any strategy in any of these threads and they all evolve into something different. It's neither good nor bad...it is what it is. That is how people make it their own. That is how people find their own success.

Should I describe a mechanical system for you? Are you saying the Turtles that were profitable were "sheep" because they followed the rules set out in a profitable strategy? Get a grip pal. Learn proper sentence structure and punctuation while you are at it. Btw, I don't need an EA to be profitable and "happy". Thanks for the advice though.
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  • #3,094
  • Jul 20, 2010 8:32pm Jul 20, 2010 8:32pm
initial direction will be defined by the first (1) pip in a certain direction, i will add it into the initial rules
Invest in alarm clocks
  • #3,095
  • Jul 20, 2010 8:44pm Jul 20, 2010 8:44pm
tony, are you saying that you would change the previous trade to a short position instead of long because it began that direction?
  • #3,096
  • Jul 20, 2010 11:13pm Jul 20, 2010 11:13pm
Can any of you guys recommend a good broker for this type of trading (besides Oanda) I have other things running so I need MT4.
Right now my broker will not let me put the SL that close and it has a 2 pip spread. So the closest I can put it is 4 or 5 pips down.
  • #3,097
  • Jul 21, 2010 12:13am Jul 21, 2010 12:13am
Quoting PipsRus
Can any of you guys recommend a good broker for this type of trading (besides Oanda) I have other things running so I need MT4.
Right now my broker will not let me put the SL that close and it has a 2 pip spread. So the closest I can put it is 4 or 5 pips down.
what is that broker you have? 5 pips min? that is nonsense
Invest in alarm clocks
  • #3,098
  • Jul 21, 2010 12:19am Jul 21, 2010 12:19am
EUR/USD has created a huge support at 1.2875
Invest in alarm clocks
  • #3,099
  • Jul 21, 2010 12:22am Jul 21, 2010 12:22am
Quoting Tony112
what is that broker you have? 5 pips min? that is nonsense
I'm currently using Broco, which used to be ECN. So I'm looking to get out of it
  • #3,100
  • Jul 21, 2010 12:29am Jul 21, 2010 12:29am
Quoting Tony112
EUR/USD has created a huge support at 1.2875
hi commander
ya have seen that sir i dont wonna change ua style of trade or anybody but in 1min chart i think ua system also proves something especially on frankfurt time just check it out if one need 25pips that is not more than that
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