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Trading "The Constrictor"

  • #101
  • Aug 17, 2010 10:38am Aug 17, 2010 10:38am
Quoting ghous
Remember the Eu IB.

One shall now be officially stopped as per the rules of the system.

total gain...a whopping 9.2R combine that with the USD/CAD IB trade (11R) and you're sitting at a freaking 20R (almost)...at a modest 1% risk per trade that is nearly 20% return on just 2 trades folks!!!! IBs rock

g.
Excellent trades ghous (except the -1R trade ).
  • #102
  • Aug 17, 2010 5:19pm Aug 17, 2010 5:19pm
Quoting ghous
Cad is upto something man...

I am long Aud/Cad 4H BUb ET5.

g.
closed this one for a little more than a half bar loss, once again this one along with GBP/CAD just couldn't get the momentum going.

g.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad.png Size: 23 KB
I believe . . .
  • #103
  • Aug 17, 2010 5:29pm Aug 17, 2010 5:29pm
Quoting MCFly
Excellent trades ghous (except the -1R trade ).
Thnx Mc
I believe . . .
  • #104
  • Aug 17, 2010 6:24pm Aug 17, 2010 6:24pm
Heck, the -1R trade was good too. Ghous followed his rules, and correctly let his stop protect him from a possible disaster.

All looks great Ghous, you are a bright and hard working young man!
  • #105
  • Aug 17, 2010 11:58pm Aug 17, 2010 11:58pm
Quoting fxlan
But you could make videos on youtube and post a link here
Thank you for sharing!
Don't want to post all my hard work so openly for the 100%.

I just discovered screencast which is offering a 2GB free account to host videos with password protection and stuff, I even have an option to directly upload the video from Camtasia to Screencast so that should make life easier still.

I was thinking along the lines of archiving some basic videos for FF members who visit this thread here just an additional tool to have them familiarized with the system. So far I think the videos should contain:

1) Explanations and elaboration of the entry methods
2) Some live trade recordings for MM purposes
3) Some genuine losers
4) Other general stuff maybe

But again uni is about to begin so can't say how long all of this should take.

PS let me know if you have other suggestions for the videos.

g.
I believe . . .
  • #106
  • Aug 18, 2010 5:26am Aug 18, 2010 5:26am
Short Eur/Aud 4H pin bar (IBFX)

g.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.png Size: 24 KB
I believe . . .
  • #107
  • Aug 18, 2010 5:34am Aug 18, 2010 5:34am
USD/SGD survives the pull back. The pull back was no surprise because the trigger bar did make me feel it had broken out a bit too soon given that the EMAs had sort of parted more than you want for an ET5 setup.

For inquisitive and thinking brains out there notice how the pull back does the job of constricting the EMAs.

g.
Attached Image (click to enlarge)
Click to Enlarge Name: usdsgd.png Size: 30 KB
I believe . . .
  • #108
  • Aug 18, 2010 7:46am Aug 18, 2010 7:46am
Quoting ghous
Short Eur/Aud 4H pin bar (IBFX)

g.
Stopped out at -1R.

I might be over trading here, time to consolidate a bit for sure, guess we are like the markets, no in fact we are the markets.

g.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.png Size: 21 KB
I believe . . .
  • #109
  • Aug 18, 2010 8:25am Aug 18, 2010 8:25am
Hi SoSo,

Care to share your daily trend following method?


Quoting soso
Trendline break on Daily and was just retested. Going down to H4 I see the reversal bar at confluence of 21 + TL + SR. Sell order with TP just above RN 0.7.

P.S. These are all demo trades, my live trades are from Daily timeframe using a trend following strategy. But am really interested if I can use this H4 method to tighten my entries.
  • #110
  • Aug 18, 2010 8:29am Aug 18, 2010 8:29am
Quoting Pirabuji
Hi SoSo,

Care to share your daily trend following method?
Hi Pirabuji,

It is Strat's Method, see here http://www.forexfactory.com/showthread.php?t=155459
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #111
  • Aug 18, 2010 10:06am Aug 18, 2010 10:06am
Ghous one thing that has kept me very picky/on the sidelines recently is just the fact it is August. Summers can be slow, low volume, iffy trading and August is often the worse month of the year.

I think things will start picking up after Labor Day weekend (Sept 6th). Until then, I think it will be a rough go of it.

August, and End/Beginning of the year are times I become extremely picky and take quick profits.
  • #112
  • Aug 18, 2010 10:18am Aug 18, 2010 10:18am
Quoting unlv_tj
Ghous one thing that has kept me very picky/on the sidelines recently is just the fact it is August. Summers can be slow, low volume, iffy trading and August is often the worse month of the year.

I think things will start picking up after Labor Day weekend (Sept 6th). Until then, I think it will be a rough go of it.

August, and End/Beginning of the year are times I become extremely picky and take quick profits.
Agreed Tj.

g.
I believe . . .
  • #113
  • Aug 18, 2010 12:42pm Aug 18, 2010 12:42pm
Hey G Man,

Please see attached USDCHF daily chart. Is this a tradeable ET3 set up?

Price is in a down trend shown by the wide range between the two ema and it pulls back to the 21 ema and produces a BEB then an inside bar. Would you take this trade?

Hmm the bar closed bullish I suppose that would have kept you out? Anything else that would keep you out? Would you use the previous BEB as a ET3 trigger?

Look forward to your response.

Also what Uni are you at? I read before that you were coming to Notingham uni?

P
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf daily.gif Size: 19 KB
  • #114
  • Aug 18, 2010 5:54pm Aug 18, 2010 5:54pm
Quoting Pirabuji
Hey G Man,

Please see attached USDCHF daily chart. Is this a tradeable ET3 set up?

Price is in a down trend shown by the wide range between the two ema and it pulls back to the 21 ema and produces a BEB then an inside bar. Would you take this trade?

Hmm the bar closed bullish I suppose that would have kept you out? Anything else that would keep you out? Would you use the previous BEB as a ET3 trigger?

Look forward to your response.

Also what Uni are you at? I read before that you were coming to Notingham uni?

P
What I've noticed with ET3s is that they work best when we have a real strong trend going that takes price away from the 21 EMA and then we get a nice little nonthreatening pull back to the 21 EMA and a trigger bar then presents itself.

I was awake until late last night and I had gone back to review many of the ET3s that I've taken so far the winners and the losers, and what I mentioned above was a stand out point. If you notice the Eur/Aud pin bar trade that I lost on, it too wasn't a first pullback in some time, although price is in a down trend we have had frequent pull backs to the 21 EMA and beyond one of which was the pin bar setup I gleefully excepted - my bad I took things for granted. A nice trend can never replace just a trend in the entry reqs for ET3.

Coming to your query P,

That isn't a constrictor trade at all, the fact that it is a bullish IB is less important than the fact that it isn't off the 21 EMA at all, it's sort of like heading back to it, which makes it an invalid setup.

g.
I believe . . .
  • #115
  • Aug 18, 2010 6:03pm Aug 18, 2010 6:03pm
I have also been wondering over my trade management strategies a bit.

I think a major trouble with using one strategy in almost all market situations is that the markets hardly ever consistently remain the same. Good trending periods can be followed by consolidation boxes and whippy moves and dead markets and what not - one thins is for sure. There isn't a "one size fits all" type deal going with trade management strategies.

I have to admit I've been very rigid with the trade management and have tried to use the "trend high/trend low" method of manually trailing the stop almost on every trade no matter what the market looks like.

Logically speaking I have to be quicker to move my stops and eliminate risk on trades when they are caught up in a more sideways market instead of a nice trending one.

I am still pretty persistent with my belief that "killing a moving trade" that is take full profit at a trouble area when price is moving nicely even in a sideways market is a bad thing to do. I might be looking to move stops to BE more and in times where price has moved a bit without pulling back to give a hump to trigger a manual stop move I might switch to an intra day TF to find that hump - again all of this applies to choppy uncertain markets more than sweet moving ones.

Man, I've been thinking a lot recently.

g.
I believe . . .
  • #116
  • Aug 18, 2010 7:32pm Aug 18, 2010 7:32pm
Stop moved to better than BE on Usd/Sgd.

g.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcgd.png Size: 23 KB
I believe . . .
  • #117
  • Aug 19, 2010 12:01am Aug 19, 2010 12:01am
Quoting ghous
Stop moved to better than BE on Usd/Sgd.

g.
stopped out for +35 pips (0.78R)

g.
I believe . . .
  • #118
  • Aug 19, 2010 12:01am Aug 19, 2010 12:01am
Ghous thanks for your response.

What about the BEB previous to the IB isn't that a valid trigger point to go short?




Quoting ghous
What I've noticed with ET3s is that they work best when we have a...
  • #119
  • Aug 19, 2010 12:11am Aug 19, 2010 12:11am
Hey Ghous what do you mean by a nonthreatening pull back? can you show on a chart? - do you mean only take a trigger bar on its first pull back to the 21ema?


Quoting ghous
What I've noticed with ET3s is that they work best when we have a...
  • #120
  • Aug 19, 2010 12:24am Aug 19, 2010 12:24am
Hey Ghous,

Another question (sorry if i'm asking too many) with the ET5, after the EMA cross do you have a criteria for the number of bars that are allowed to pass before a trigger bar appears?
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