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Attachments: my trade
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my trade

  • #681
  • Jul 19, 2010 3:50pm Jul 19, 2010 3:50pm
Quoting ben10
i play around with the ea and really frustrating
morning, ben. got the files. will come up with a lot of Q's after playing them. ATM, no idea what it does ...
  • #682
  • Jul 19, 2010 5:31pm Jul 19, 2010 5:31pm
ben and guys,

the bubble is an opportunity to counter trade, and i know there are people who love it and even trade it only.

problem is, bubble does not always give enough counter pips to even cover the spread, simply going sideways, and the price resume its past trend, up or down. ouch!

but there often are cases where the bubble after giving good counter pips leads to our favorite compression+spine formation - a good reversal entry opportunity. wonder if this formation could be signaled and enjoyed with authority.

any ideas?
  • #683
  • Jul 19, 2010 6:18pm Jul 19, 2010 6:18pm
trades done on m1. too late to take pics. tried with less mma's as you will notice, for aggressive entries
Attached Image (click to enlarge)
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  • #684
  • Jul 19, 2010 7:58pm Jul 19, 2010 7:58pm
Quoting Ffrank
Great thread Ben, been enjoying your charts along with RisingSun's and Magic Trader's.

I've only recently come across LT's use of the MMA on 5sec but it has really opened up some great trading opportunities for me. Been struggling to get enough chart time with my job, but using 5sec I'm aiming to catch Frankfurt and London opens each morning.

So, just great to see you guys trading this way and learning some nice ideas from you too.

If you don't mind, I'd like to tag along for the ride - and post some charts too (I should ask, as it is your...
go for it, post away time spent learning is never lost!

looking forward to see your chart and charts story
  • #685
  • Jul 19, 2010 8:14pm Jul 19, 2010 8:14pm
Quoting RisingSun
morning, ben. got the files. will come up with a lot of Q's after playing them. ATM, no idea what it does ...
im banging my head too! If you have any question post away we solve them together.

the ideas behind the semi auto ea:

1- install the ea, fill inputs and turn it off.
2- trade set up:
(a) ben10s way = find narrow compression + slope within 2 pricelines. then turn the EA on and it will buy at priceline above the compression and sell at the priceline below the compression automatically.

(b) risingsun and magic traders way= find strong and resistance level. when the price hit the previous support and resistance level, turn the EA on and it will buy at priceline above the chosen level and sell at priceline below the chosen level continuously and automatically.

(c) when in profit! turn the EA off and click the script " empty all" twice, it will close all position and delete all pending orders(if any)
  • #686
  • Jul 19, 2010 8:41pm Jul 19, 2010 8:41pm
Quoting RisingSun
ben and guys,

the bubble is an opportunity to counter trade, and i know there are people who love it and even trade it only.

problem is, bubble does not always give enough counter pips to even cover the spread, simply going sideways, and the price resume its past trend, up or down. ouch!

but there often are cases where the bubble after giving good counter pips leads to our favorite compression+spine formation - a good reversal entry opportunity. wonder if this formation could be signaled and enjoyed with authority.

any ideas?
"bubble" story behind it is the traders reject the price violently so the spike occurred and finally the price falls back
  • #687
  • Jul 20, 2010 2:11am Jul 20, 2010 2:11am
Quoting ben10
go for it, post away time spent learning is never lost!

looking forward to see your chart and charts story
good-o

Frankfurt open was good today, some strong moves up and around the Daily R1 Pivot and last weeks High. I made a few bad entries but ended up with some nice pips from my later entries. I'll post some of my bad trades later! (off to work now)

I haven't uploaded an image here before, so apologies if the text is unreadable - I'll have to fix it later if it is!

Edit - it's EURUSD and GMT btw.. opps.
Attached Image (click to enlarge)
Click to Enlarge Name: upload1.png Size: 68 KB
  • #688
  • Jul 20, 2010 9:25am Jul 20, 2010 9:25am
http://img44.imageshack.us/img44/6774/33291613.png

what you gonna do with the weekly support and resistance lines?
  • #689
  • Jul 20, 2010 11:09am Jul 20, 2010 11:09am
Quoting ben10
im banging my head too! If you have any question post away we solve them together.

the ideas behind the semi auto ea:

1- install the ea, fill inputs and turn it off.
2- trade set up:
(a) ben10s way = find narrow compression + slope within 2 pricelines. then turn the EA on and it will buy at priceline above the compression and sell at the priceline below the compression automatically.

(b) risingsun and magic traders way= find strong and resistance level. when the price hit the previous support and resistance level, turn the EA on and it...
this where the trading experience count, you have to play fast becouse ... the minute you close the trade the pending will open immeadeatly to continue next trade , so the solution is turn the ea off and cancell all order/s and wait another set up! im loving it, be greedy when other fearful

http://img824.imageshack.us/img824/6175/1eas.png
  • #690
  • Jul 20, 2010 11:33am Jul 20, 2010 11:33am
@ im watching the price movement and fluctuation on the PC's screen

@ i spot the narrow compression + slope(up or down)

@ turn the EA on, then the price hit both price lines few times as the battle between Bulls and Bear is on, my trade getting bigger.

@ im in the money

@ i spot the resistance penetrated by the bull or buyers

should i ride the winning wave?

http://img256.imageshack.us/img256/7628/myea.png
  • #691
  • Jul 20, 2010 11:38am Jul 20, 2010 11:38am
the ea is very cool! i have to figure it out what time frame is the best and what session?

i found ...the gold on 15 minute time frame is good , check the compression out!
  • #692
  • Jul 20, 2010 11:40am Jul 20, 2010 11:40am
ok ...nearly 3 in the morning i better go, ciao!
  • #693
  • Jul 20, 2010 12:12pm Jul 20, 2010 12:12pm
Quoting ben10
@ im watching the price movement and fluctuation on the PC's screen

@ i spot the narrow compression + slope(up or down)

@ turn the EA on, then the price hit both price lines few times as the battle between Bulls and Bear is on, my trade getting bigger.

@ im in the money

@ i spot the resistance penetrated by the bull or buyers

should i ride the winning wave?

http://img256.imageshack.us/img256/7628/myea.png
now i can close my eyes and wake up in the morning happy

http://img35.imageshack.us/img35/7600/329t.png
  • #694
  • Jul 20, 2010 12:53pm Jul 20, 2010 12:53pm
Quoting ben10
what you gonna do with the weekly support and resistance lines?
I've been using the AutoPivot indicator in MT4 for awhile, so I'm just chucking any nearby pivots onto my oanda chart at the start of the session. I use them sometimes as anticipated profit targets if they are near, or as I did in the earlier trade to catch momentum when they are broken.

I only added the weekly high as I noticed price hit the same level on a bigger time frame. Was interesting though, price really bounced in-between these 2 levels until it finally broke as below (and the 150pip down trend began, damn office job! )

Thanks for your comments Ben - man, I'm here learning loads from you and this thread, so cool to share charts! (I stole your MMA settings btw)

Here's some earlier trades from my morning, some not so great trades, but hoping to filter out the lower probability trades over the next few weeks.

I'm using eurusd and a 5pip SL (5.9pip with spread), want to keep my losses small - so exit early if it doesn't go quite as planned!
Attached Image(s) (click to enlarge)
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  • #695
  • Jul 20, 2010 12:57pm Jul 20, 2010 12:57pm
Quoting ben10
now i can close my eyes and wake up in the morning happy

http://img35.imageshack.us/img35/7600/329t.png
Niiiice

So the idea is an order is opened either side of the compression, and then on eventual break you close the negative order (if it was triggered)? Looks really good - especially with the power of the rope!!

I've been paying closer attention to these compressions after reading your comments on them.
  • #696
  • Jul 20, 2010 4:35pm Jul 20, 2010 4:35pm
my desktop pc went down. pulled out an old laptop. pen4 but 512k mem, damn slow!

changed limit order settings to bet 30% for 1.5% profit and 4.5% stoploss from a 40% bet to allow a max of 3 entries simultaneously. subsequently, the tp pip went up to 12 to 15 pips. this is achievable on m1 safely after good compression and spike curve present.

note that there were several other entry points (E). missed them while fixing the PC
.
Attached Image (click to enlarge)
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  • #697
  • Jul 20, 2010 7:46pm Jul 20, 2010 7:46pm
http://img84.imageshack.us/img84/2480/akira2.png
  • #698
  • Jul 20, 2010 8:06pm Jul 20, 2010 8:06pm
Quoting Ffrank
Niiiice

So the idea is an order is opened either side of the compression, and then on eventual break you close the negative order (if it was triggered)? Looks really good - especially with the power of the rope!!

I've been paying closer attention to these compressions after reading your comments on them.
the rainbow give more set up to trade for ... but i choose to master the compression as im very comfy with it, others may master the bubble trade, the flame trade, the mid rally trade etcetra...

when i see the compression my brain say ... the bull and the bear, the longterm traders and the short term traders stuck in the pipe line ,does not what to do, confuse searching for direction to trade and the battle goes on .
then comes the slope my brain say ... the short term traders took initiative or speculate by move the price, and the longterm traders underpin or support the initiative. so WMA disperse in orderly fashion wma2 above wma4 above wma6 and so on. all that occured within 2 priceline.

i carry the lose trade not shut it but i double the win trade and ride, its automatic by the way as it reduce emotions in trading. if this semi auto EA doing well then next step is to make it 24/7 robot running all year round.

i hope you come with us (Rising sun, Magic trader and me) in our journey
  • #699
  • Jul 20, 2010 8:15pm Jul 20, 2010 8:15pm
Quoting RisingSun
my desktop pc went down. pulled out an old laptop. pen4 but 512k mem, damn slow!
are you kidding me LOL!

I swear to haven i ask my wife to get new PC this morning.
  • #700
  • Jul 21, 2010 1:32am Jul 21, 2010 1:32am
Nice breakout of resistance on Frankfurt open this morning.

I'm trading full capital for the first time on this method (2% risk per entry), so I was perhaps too conservative on my exit!!

I would use some fixed PL's like RisingSun, but have limited trading hours so will see how manual exits goes at first.

I would like to close some trades for a quick 5 pips (4.5 today), but other times - perhaps strong moves like this one - trail the SL under each higher low.

Any advice Ben? I really admire your exits on a lot of the charts you uploaded!

Trades attached, and a nice re-entry trade opportunity.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 and 2.png Size: 93 KB
Click to Enlarge Name: cool.png Size: 49 KB
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