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Time Cell Trading

  • #161
  • Aug 11, 2010 4:32pm Aug 11, 2010 4:32pm
First trade today, a sell at 84.936. Entries are the checks, exit the X. I took this about the top of the trading channel with CCI at 100 and RSI at 75. PA continued up and took another sell at 84.983 with CCI at 200 and RSI at 100, much better position. In retrospect, I shouldn't have taken the first trade as it didn't meet my rules of a short at 200 and RSI at 100. The reason is because the trading channel at that time was bouncing between 84.90 and 84.95 with the CCI between 100 and -100. That's a very narrow channel and should be avoided by a beginner, although Forexcube does it frequently.Exit was at the bottom of the trading channel and CCI at -100. Lesson: Both were profitable but stick with higher probability trades, like the second.
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  • #162
  • Aug 11, 2010 4:48pm Aug 11, 2010 4:48pm
Ouch! No fun here but a lesson. Shorts at 84.927 and 84.954 with CCI and RSI way up there should have been profitable and would have been if my trigger finger had been faster when CCI plunged to -150. This is a great illustration of sideways PA and positive divergence which will lead to an upupupwards PA. Lesson: Watch divergence, it's there for a reason.
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  • #163
  • Aug 11, 2010 4:55pm Aug 11, 2010 4:55pm
I'm throwing this out for discussion - CCI and RSI were 100 points apart for a while, then PA snapped up. With RSI on top and that far apart, is that a leading indicator of a quick move up?
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  • #164
  • Aug 11, 2010 6:22pm Aug 11, 2010 6:22pm
On the right where PA hits -2/8 extreme overshoot line, the CCI is only at -100 and RSI is a little below zero. I don't think with the CCI and RSI in those positions I would have taken the trade, they're not in a tradeable position. But look how the PA shot up. Earlier PA had gone down almost to -2/8 and CCI and RSI were in an excellent positions for a long, which would have done very well. But the second time PA shot farther, can't make sense of that.
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  • #165
  • Aug 11, 2010 8:16pm Aug 11, 2010 8:16pm
Quoting Forexcube
EURJPY, M1

EURJPY, M1
Sell & Buy Signals:
Sell at CCI (14) peaks over 200 or at the RSI tops and buy at valleys under 200 closed by pivot points or murrey math lines.

Minus:
M1 trading will give you a lot of false signals, so may be it's better to favorite more a global look, e.g. at M5 and M15 when scalping at M1.
  • #166
  • Aug 11, 2010 9:20pm Aug 11, 2010 9:20pm
Quoting Delage
On the right where PA hits -2/8 extreme overshoot line, the CCI is only at -100 and RSI is a little below zero. I don't think with the CCI and RSI in those positions I would have taken the trade, they're not in a tradeable position. But look how the PA shot up. Earlier PA had gone down almost to -2/8 and CCI and RSI were in an excellent positions for a long, which would have done very well. But the second time PA shot farther, can't make sense of that.
Attached Image (click to enlarge)
Click to Enlarge Name: nzd usd minus 28 extreme overshoot.gif Size: 83 KB


Here is how I look at it. CCI and PA are showing a big divergence. That alone is a big signal, even if CCI is not quite yet at -100. PA is almost touching Extremely- overshot level. The two candles in question formed a double bottom and the blue candle has a bullish candle pattern. This candles are also touching the lower BB. As for RSI I favor when it either crosses or touches the 20 level. In this case, I cannot see that level marked in the chart, but at this point there are so many other signals giving a green light for a long position that it really doesn't matter.
  • #167
  • Aug 12, 2010 2:10am Aug 12, 2010 2:10am
Quoting bcarbon
Attachment

Here is how I look at it. CCI and PA are showing a big divergence. That alone is a big signal, even if CCI is not quite yet at -100. PA is almost touching Extremely- overshot level. The two candles in question formed a double bottom and the blue candle has a bullish candle pattern. This candles are also touching the lower BB. As for RSI I favor when it either crosses or touches the 20 level. In this case, I cannot see that level marked in the chart, but at this point there are so many other signals giving a green light for...
(1)

(2)...and nzdusd seems for me not so a volatile currency like eurjpy written in the example at p.1

(3)...and...beware of the M15, M30, H1 main downtrend, which has dominated ...may be only too well for advanced level traders,...to trade counter the main trend...and even it's better when trading M1 looking at M5 and M15 and for the big overview M30 / H1.
  • #168
  • Aug 12, 2010 2:47am Aug 12, 2010 2:47am
i ve been trading murray math lines lately with profit. martingaling at extreme oversold and overbought levels. making profit. when one postion is a nice profit, my discretion i get out of position and reset a limit order. i use a very small % of account size just in case it really goes bad. thats the martingale.
keep in mind that mm lines redraws at some point.
nice thread.. gave more ammo with cci, divergence, etc
thanks
  • #169
  • Aug 12, 2010 6:12am Aug 12, 2010 6:12am
Forexcube and bcarbon, Excellent point about divergence, I'll watch it closer. Same with candle patterns. Where did your fxbook page go? I like to chart your trades and learn from them.
  • #170
  • Edited 11:16am Aug 12, 2010 10:44am | Edited 11:16am
Profit: +959 pips http://cdn.forexfactory.com/images/s...m/thumbsup.gif

http://twitter.com/triggFX
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  • #171
  • Edited 11:41am Aug 12, 2010 10:48am | Edited 11:41am
Quoting Delage
...Where did your fxbook page go? I like to chart your trades and learn from them.
http://twitter.com/triggFX
http://www.myfxbook.com/members/triggFX

May be that Alpari would delete this Demo Account account (Deposit 5'000.-$) without saying me anything, due to the fact that I haven't fill out all personal dates in his fields. So they let you trade and at one they go without warning and Alpari UK delete your account. With the first one (Deposit 25'000.-$ and in the win over 80'000.-$ which was sometimes over 250%-350% net plus within 3 weeks they have make it in this way. If they do it with this 5'000.-$ Demo account again I'll change the Demo Broker.

This account was at the first side here around 455% plus within 5 weeks when they has delete it.
http://www.myfxbook.com/systems#?pt=...e=0&sb=19&st=2
...here you have to look at the demo, not the real account. The link from myfxbook shows only the real accounts at first,...fill out the field "Account Type" > "Demo" and then "submit". Now it isn't there!

see attachment:
Equity 77'129.93 at 2010 August 09.
...and what you see yesterday most of these open positions were running in the wins and had been closen by the TP's, say over 100'000.-$ cash on account. I don't know why Alpari is interested to block such accounts. May be that this art of trading style doesn't brokers like.
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File Type: pdf 2010 August 09.pdf   133 KB | 302 downloads
  • #172
  • Aug 12, 2010 1:58pm Aug 12, 2010 1:58pm
959 pips is incredible, you must be a trading robot. I can see the fxbook page now, thanks, will be back tomorrow.
  • #173
  • Aug 12, 2010 2:40pm Aug 12, 2010 2:40pm
Profit: +662 pips

http://twitter.com/triggFX
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  • #174
  • Aug 12, 2010 4:13pm Aug 12, 2010 4:13pm
forexcube can u pls explain how do you add-up to position? basically we understood entry/exits.. now how u add-up ?
  • #175
  • Edited 5:51pm Aug 12, 2010 4:50pm | Edited 5:51pm
Quoting mistersimple
forexcube can u pls explain how do you add-up to position? basically we understood entry/exits.. now how u add-up ?
Hi mistersimple,

you might well ask!

At first I don't go often with one big order in the market (e.g. 2 lot) to a greater degree I divided it into small parts (e.g. 10 x 0.2 or 20 x 0.1). So I can go only with a part of it faster out (of the market) and let the others running furthur on.

Second between the valley and the peaks or vice versa I make sometimes smaller trades in between.

Third: I like time cell cycling, say if H4 shows me an uptrend I go with several positions in this up. Simultaneously I trade down e.g. if M5 and/or M15 moves down with the same currency. Why not making money in different time cells with the same currency pair?

Fourth: If I trade e.g. M5 EURJPY I look at M5 GBPJPY and M5 USDJPY,... or look (other example) if I trade M5 EURJPY, to H4 USDJPY and H1 GBPJPY and like to trade (in this case now) positive correletated currencies but in counterpart direction, e.g. trade M5 EURJPY down and H4 USDJPY up. For the account it's better to counterbalance the risk.

Fifth: It market shows greater probability I go in with several higher lots sometimes but only for a few seconds or minutes.

Sixth: Sometimes I trade only for making more winning trades and only with several pips not more (30sec., M1) & if there could be a main trend so at times I go several times in and out... and in and out... it gives me excellent feelings of being in the flow and could be a great power for the mental and physical presence, may be it's more a psychophysiological moment. I don't now,..., but I like it!

Mistersimple, I think I should answer your question more detailed bit by bit in the future. If so then we should named this with a headline, so we and all here could talk about it in the future, if there should be a greater interest,...then may be under the topic: "Get-Add-up"? or "add-up-positions" or "position surfing"? and some of intersting readers would get clear what's talking about.

We all have different add-up-position-strategy dependent at different basic parameter.

May be I'll write an article (3-20 pages) some day and then it'll post here on board.

How are you making this?

Kindest regards
FXCube
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  • #176
  • Edited 5:43pm Aug 12, 2010 5:30pm | Edited 5:43pm
Hi all

At all here on board


Add-up-positions? - Position Surfing?

If there should be an awakening interest give a sign.


yes or no
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  • #177
  • Aug 12, 2010 6:46pm Aug 12, 2010 6:46pm
YES
  • #178
  • Aug 12, 2010 6:52pm Aug 12, 2010 6:52pm
but....YES.. cheers

Jean
  • #179
  • Aug 12, 2010 10:09pm Aug 12, 2010 10:09pm
Quoting Forexcube
Hi mistersimple,

you might well ask!

At first I don't go often with one big order in the market (e.g. 2 lot) to a greater degree I divided it into small parts (e.g. 10 x 0.2 or 20 x 0.1). So I can go only with a part of it faster out (of the market) and let the others running furthur on.

Second between the valley and the peaks or vice versa I make sometimes smaller trades in between.

Third: I like time cell cycling, say if H4 shows me an uptrend I go with several positions in this up. Simultaneously I trade down e.g. if M5 and/or M15 moves down...
cool thanks for explanation, im always "scared" when i try to add more lots.. definitely will study this with great interest
  • #180
  • Aug 13, 2010 1:34am Aug 13, 2010 1:34am
Quoting mistersimple
forexcube can u pls explain how do you add-up to position? basically we understood entry/exits.. now how u add-up ?
I was thinking of asking the same question.
MM goes hand by hand with a good trading system.
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