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my trade

  • #801
  • Jul 27, 2010 3:24pm Jul 27, 2010 3:24pm
Quoting Ffrank
Nice trades mate! Nice cherry picking, something my trading lacked today what's up in japan? Bit of a heat wave? *jealous from rainy UK*
evening mate. expecting some cooling off a few days to come with some rains on Friday according to weather bureau. perhaps your rainy wave is beginning to reach here

Quoting Ffrank
Waited until frankfurt open today, made a few trades and took 4.5 pips, feel like I should have got maybe 10... but learning, and pips are pips are pips!

Good trading everyone!
nice trades! frankfurt open is good for your "sec" trading. for my "set tp" method, must be utterly careful about the trend reversal that could happen towards/into london open. am therefore opt to wait til the trend is set a little while later...

the pip lines + rope of ben. is it "pip" or "pipe" line? i wonder.

good trade to you tomorrow morning!
  • #802
  • Jul 27, 2010 3:41pm Jul 27, 2010 3:41pm
Quoting ben10
http://img31.imageshack.us/img31/637/thepipe2.png


1- monitor the price of currency you want to trade.

2- spot the pipe, the rope(compression within the pipe) and the slope.

(a)- top side of the pipe is the upper priceline and bottom one is the lower...
well summed up, ben!

you use 2-26 wma, interval of 2. mine is 5-100, int 5. testing 2-50, 5. ffrank said he's stolen yours but his charts don't show the numbers, so not sure. your MT4 min1 charts used 2-28 or similar.

comments guys?
  • #803
  • Jul 27, 2010 5:25pm Jul 27, 2010 5:25pm
Quoting RisingSun
nice trades! frankfurt open is good for your "sec" trading. for my "set tp" method, must be utterly careful about the trend reversal that could happen towards/into london open. am therefore opt to wait til the trend is set a little while later...

the pip lines + rope of ben. is it "pip" or "pipe" line? i wonder.

good trade to you tomorrow morning!
Thanks RisingSun Yes I see, once you see the longer trend established you're good to go - 12pip PL's?

I wonder if we will see another push on 1.3040 tomorrow, and beyond?

Have a good one
  • #804
  • Jul 27, 2010 5:34pm Jul 27, 2010 5:34pm
Quoting RisingSun
well summed up, ben!

you use 2-26 wma, interval of 2. mine is 5-100, int 5. testing 2-50, 5. ffrank said he's stolen yours but his charts don't show the numbers, so not sure. your MT4 min1 charts used 2-28 or similar.

comments guys?
Yes, very nice explanation Ben. If we cherry pick these all day we should be riding pips all the way to the end of the rainbow

Risingsun, indeed - 5-100, 5, with 100 in purple and Average price line in black. I liked the look of these on Ben's early charts and they've stuck since, showing me what I need for now!

I did use LinuxTroll's for a while also, 10-200, 10, and another which increments larger spacing as it increases.

I'm open to copying again if you have good findings with other settings
  • #805
  • Jul 27, 2010 6:57pm Jul 27, 2010 6:57pm
Quoting Ffrank
...
Risingsun, indeed - 5-100, 5, with 100 in purple and Average price line in black. I liked the look of these on Ben's early charts and they've stuck since, showing me what I need for now!

I did use LinuxTroll's for a while also, 10-200, 10, and another which increments larger spacing as it increases.

I'm open to copying again if you have good findings with other settings
am following his earlier version too. so far comfy as this 100 version gives longer term overview as well as tight short term ropes.

did try to trade linuxtroll's colorful/-240(?) mma years back as well, paid for his e-book, but never got anywhere. found ben's gem journal a few months back and here i am, making actual pips. he is a great guy
  • #806
  • Jul 27, 2010 7:25pm Jul 27, 2010 7:25pm
Quoting RisingSun
hey, sweet wife and new pc! mine is still an old Dell 2gb mem WinXP. internet is 100% connectivity here. that helps.
looks cool!tell us more. is that a mobile interface of your broker? what is the execution speed? demo?
the apps can be download for free, the execution is excellen and fast, i tested with real account.

by the way check this out http://www.cyrox.com/forum/index.php?board=4.0
  • #807
  • Jul 27, 2010 7:44pm Jul 27, 2010 7:44pm
Quoting Ffrank
Yes, very nice explanation Ben. If we cherry pick these all day we should be riding pips all the way to the end of the rainbow

http://img291.imageshack.us/img291/2484/ropr.png

no pattern no trade thats Risingsun signature -
support turn resistance hello
  • #808
  • Jul 27, 2010 8:35pm Jul 27, 2010 8:35pm
http://img804.imageshack.us/img804/4329/temptation.png
  • #809
  • Jul 27, 2010 8:43pm Jul 27, 2010 8:43pm
go figure! find the rope

http://img837.imageshack.us/img837/5751/rope5.png

the pattern the compression the rope the slope over and over and over again its become a habit, doing it subconciously!!!!
  • #810
  • Jul 27, 2010 11:07pm Jul 27, 2010 11:07pm
http://img804.imageshack.us/img804/3388/rrope.png
  • #811
  • Jul 27, 2010 11:29pm Jul 27, 2010 11:29pm
monitor the compression of gold in 15 minute chart within 2 priceline of 100 pip.
wait for slope


http://img130.imageshack.us/img130/2051/goldju.png
  • #812
  • Jul 28, 2010 1:31am Jul 28, 2010 1:31am
Great trades and charts Ben! I'll study them some more later.

Frankfurt begun in between some strong S/R lines today and took a while to break loose.

2 trades, -0.6 and 7.3 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: trades.png Size: 73 KB
  • #813
  • Jul 28, 2010 4:44am Jul 28, 2010 4:44am
weak trends around London open today. coward trades. 1.5% each with EurUsd and EurJpy per charts below, as well as with GbpUsd, totalling 4.5% for the day. done...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Untitled-221.png Size: 36 KB
Click to Enlarge Name: Untitled-220.png Size: 36 KB
  • #814
  • Jul 28, 2010 5:33am Jul 28, 2010 5:33am
Quoting RisingSun
weak trends around London open today. coward trades. 1.5% each with EurUsd and EurJpy per charts below, as well as with GbpUsd, totalling 4.5% for the day. done...
Love it, great trades mate.

You should be averaging well towards 20% a week at this rate!

Since moving to frankfurt open I've averaged 2.3% a day, which I'd be more than happy to continue with

Good lark this rainbow! And yes, as you mentioned in earlier post, thanks to Ben for showing his take on it for our benefit
  • #815
  • Jul 28, 2010 10:38am Jul 28, 2010 10:38am
Quoting Ffrank
Love it, great trades mate.

You should be averaging well towards 20% a week at this rate!

Since moving to frankfurt open I've averaged 2.3% a day, which I'd be more than happy to continue with

Good lark this rainbow! And yes, as you mentioned in earlier post, thanks to Ben for showing his take on it for our benefit
thanks guys ! thats whats learning sharing is about. hey buddy seems like you master the frankfurt session, great chart by the way...you map out the situation and trade your plan , very cool Frank!
  • #816
  • Jul 28, 2010 10:43am Jul 28, 2010 10:43am
Quoting RisingSun
weak trends around London open today. coward trades. 1.5% each with EurUsd and EurJpy per charts below, as well as with GbpUsd, totalling 4.5% for the day. done...
no buddy thats not coward trade, no trade is break even trade! no pattern no trade right! you are doing great by the way

give some input to work with for" the ea" im stuck with this snowball thingy

tthingking hard try to code the compression


HELP !
  • #817
  • Jul 28, 2010 4:56pm Jul 28, 2010 4:56pm
Quoting Ffrank
...

You should be averaging well towards 20% a week at this rate!

Since moving to frankfurt open I've averaged 2.3% a day, which I'd be more than happy to continue with

...
thanks ffrank. your daily rate of gains is superb, particularly when trading 30 min or so before usual work time (don't know if you work or ...). mine is on demo as i mentioned before. if the rate continues 3 or 4 weeks more, will resume trading with real money. have been in hiatus for nearly a year after losing hugely last summer...
  • #818
  • Jul 28, 2010 5:02pm Jul 28, 2010 5:02pm
Quoting ben10
no buddy thats not coward trade, no trade is break even trade! no pattern no trade right! you are doing great by the way

give some input to work with for" the ea" im stuck with this snowball thingy

tthingking hard try to code the compression


HELP !
thanks ben. sharing and learning is the key.

am running the EA on and off on FXDD to observe what it does. coding compression is a hard thing to accomplish. thought about the average true range (ATR) since compression is a tightening of mma's or congestion of price = narrow range, ATR might work but it's not that simple.
  • #819
  • Jul 28, 2010 5:18pm Jul 28, 2010 5:18pm
Quoting ben10
thanks guys ! thats whats learning sharing is about. hey buddy seems like you master the frankfurt session, great chart by the way...you map out the situation and trade your plan , very cool Frank!
Thanks a lot mate 5sec is letting me play 'let the market come to you', I've looked at this method before (such as NickB), but I didn't have the hours (or patience) to do this on 1hr/4hr charts!
  • #820
  • Jul 28, 2010 5:36pm Jul 28, 2010 5:36pm
Quoting RisingSun
thanks ffrank. your daily rate of gains is superb, particularly when trading 30 min or so before usual work time (don't know if you work or ...). mine is on demo as i mentioned before. if the rate continues 3 or 4 weeks more, will resume trading with real money. have been in hiatus for nearly a year after losing hugely last summer...
Cheers mate! Yeah I still have a day job, but at least I can go to work with a smile on my face at the moment!

sorry to hear about last summer mate, Dr Alexander Elder does say learning to trade will cost you 'a college degree' financially! And on the road now with a simple, and highly reliable entry system now, the rest of your demoing time and then you'll be

When I switched from 1unit to full account, I just hid all reference to £ on my screen and convinced myself I was still trading 1unit I was actually going to demo for longer but I had told my wife 'I'll be making money soon' too many times but has to feel right time for you obviously.

Great thing about Ben's journal, in addition to learning, is seeing you guys winning pips with this method too. The method works - we're trading what we see and the rainbow is telling us a lot more than any chart I've used before!
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