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Simple H1 GBPUSD EA

  • #8,461
  • Aug 20, 2010 2:51am Aug 20, 2010 2:51am
Thanks Raymond, question is, how do you see the PA, is there an indi or is it simply volume?
  • #8,462
  • Aug 20, 2010 3:09am Aug 20, 2010 3:09am
Quoting dambuster
Thanks Raymond, question is, how do you see the PA, is there an indi or is it simply volume?
You are making this way too complicated! Maybe you should consider buying a little forex education and find a mentor?

When the price of the currency pair moves up on down or your charts - THAT is the price action! The bars or candlesticks change size - length - THAT is the price action! I think the trees are getting in the way for it seems you may be unable to see the forest. I'm amazed that you have not heard of this term before... You must be VERY new to forex!

Maybe some one else can explain it a bit better than I. I'm tired and I certainly would not wish to offend you.
If nothing changes, nothing will change...
  • #8,463
  • Aug 20, 2010 3:17am Aug 20, 2010 3:17am
Quoting rnfuller102
It is nearly 11:30pm PDT here on the west coast and she is likely sleeping at this hour.

So that you will not have to wait awhile for her answer, I'll take the liberty (and trust in her forgiveness) of saying that PA is simply "price action."

I believe price did indeed fall below her indicated support level, and she will likely wake up Friday morning to find that she entered another profitable trade!

Blessings,
Raymond
Like lawgirl, I manually entered short at 1.5564 with a profit target of 50 pips at $3 per pip. Easy money! And - five more trades this week without a loss!

Forex! Ain't it great!

Raymond
If nothing changes, nothing will change...
  • #8,464
  • Aug 20, 2010 4:41am Aug 20, 2010 4:41am
Quoting dambuster
Thanks Raymond, question is, how do you see the PA, is there an indi or is it simply volume?
Dambuster,
It's a white line ( usually) on the chart that moves up and down all the time and that movement is called Price Action. It's the price of the pair at the time. Look at the #'s on the right of the chart for the price.
The white line shows the action of the price.
  • #8,465
  • Aug 20, 2010 4:47am Aug 20, 2010 4:47am
Thanks Sanyhuis, Raymond, it's sometimes the simple things that are so obvious that cause most consternation
  • #8,466
  • Aug 20, 2010 5:52am Aug 20, 2010 5:52am
Quoting rnfuller102
Forex! Ain't it great!
Raymond
Sometimes.. 95% of the Forex traders losing money, that's how easy it is.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #8,467
  • Aug 20, 2010 5:56am Aug 20, 2010 5:56am
Quoting rnfuller102
It is nearly 11:30pm PDT here on the west coast and she is likely sleeping at this hour.

So that you will not have to wait awhile for her answer, I'll take the liberty (and trust in her forgiveness) of saying that PA is simply "price action."

I believe price did indeed fall below her indicated support level, and she will likely wake up Friday morning to find that she entered another profitable trade!

Blessings,
Raymond

Thanks Ray and Sandra, you did a beautiful job of explaining PA...better than I could have. And yes, this trade was easy money. What a good week! Have a wonderful weekend.
  • #8,468
  • Aug 20, 2010 6:33am Aug 20, 2010 6:33am
Quoting lawgirl21
Thanks Ray and Sandra, you did a beautiful job of explaining PA...better than I could have. And yes, this trade was easy money. What a good week! Have a wonderful weekend.

between fxdd alpari Tokyo and London 411 pips for the week

Time for some Maccallen 25
cheers!
Thanks Geoff
  • #8,469
  • Aug 20, 2010 6:50am Aug 20, 2010 6:50am
Quoting dambuster
Thanks Raymond, question is, how do you see the PA, is there an indi or is it simply volume?
Can I suggest that the James 16 thread would be a great place to start for Price action and an understanding of it.

http://www.forexfactory.com/showthread.php?t=2331

Jav
  • #8,470
  • Aug 20, 2010 6:52am Aug 20, 2010 6:52am
Quoting Jav1900
Can I suggest that the James 16 thread would be a great place to start for Price action and an understanding of it.

http://www.forexfactory.com/showthread.php?t=2331

Jav
I recommend that thread too. I started with www.babypips.com which is where I tell people to start, if from the very beginning.
  • #8,471
  • Aug 20, 2010 7:36am Aug 20, 2010 7:36am
well, GBP did went further south....50 pips further...thanks to uncle Geoff again on your trend trading system.....

Been a good week....cheers everyone...
  • #8,472
  • Aug 20, 2010 7:53am Aug 20, 2010 7:53am
Quoting dProf
Anyone have any opinion???
Hello Dprof
for me I needed to see todays move before committing to shorts, nice to see support blown away, now for 1.52 in my humble opinion, it may take a while to get there.
  • #8,473
  • Aug 20, 2010 8:16am Aug 20, 2010 8:16am
Quoting SkyzerFX
Sometimes.. 95% of the Forex traders losing money, that's how easy it is.
I trust that you are NOT among that 95%?

It IS as easy as the complete removal of ALL fear and greed from one's consciousness and remaining completely indifferent to the outcome of EVERY trade.

Accomplishing this is the process of mature self-growth - there is, or at least should be, a spiritual aspect to profitable forex trading.

It is possible to trade intuitively with very few, if any, losses following guidance from inner levels of consciousness, which everyone has access to.

So I believe...

Raymond
If nothing changes, nothing will change...
  • #8,474
  • Edited 10:40am Aug 21, 2010 8:48am | Edited 10:40am
3 Days no trading, only focus on research...

10 years backtest with Uncle Geoff Concept,
http://i38.tinypic.com/nx2khd.gif

Still need Optimized it... hm.. far from profit target, interesting..
  • #8,475
  • Aug 21, 2010 9:36am Aug 21, 2010 9:36am
Hi Tangianto

Please, can you share your set?
What's the broker?

Thanks in advance.
Mr. Juliusss
  • #8,476
  • Aug 21, 2010 9:48am Aug 21, 2010 9:48am
Quoting yurijap
Hi Tangianto

Please, can you share your set?
What's the broker?

Thanks in advance.
Mr. Juliusss
Hi Mr Juliuss, i;m only use Uncle Geoff Concept, n not run on Tokyo EA, but my developed EA, right now still under research n still far from my profit target, i think better for 10 years at least must reach 1 million us n 100% winning trade. so right now, no have preset i can share...
  • #8,477
  • Aug 21, 2010 10:58am Aug 21, 2010 10:58am
Hm... hit more then target. 10 years gain more then 2million

http://i35.tinypic.com/2ng4fq1.gif

but still not 100% win.. hm... need more optimizing..
i think untill now Uncle Geoff concept is the best, very like it..
  • #8,478
  • Aug 21, 2010 12:12pm Aug 21, 2010 12:12pm
Quoting tangianto
Hm... hit more then target. 10 years gain more then 2million

http://i35.tinypic.com/2ng4fq1.gif

but still not 100% win.. hm... need more optimizing..
i think untill now Uncle Geoff concept is the best, very like it..
What about long flat line on the scale from 0 to about 72 ?

This probably means that for like 8 years there was no profit and then,

suddenly, it start working.. Let me tell you, nobody guarantee that

this concept will work forever, we can only hope it will..

Keep in mind that backtesting it's pretty much like having a sex with

inflatable doll, not much to do with reality.. I still think with 140 pips

stop loss, if we take appositive trades: instead of SELL, take a BUY,

we could probably have even better results, cause in 90% cases,

Price Action goes against every trade we take.. How about that?

Anyone test that yet?
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #8,479
  • Edited 12:37pm Aug 21, 2010 12:24pm | Edited 12:37pm
Quoting SkyzerFX
What about long flat line...
140 stop is a bit like "Russian roulette"
Одна из сделок является убийцей.
  • #8,480
  • Aug 21, 2010 12:31pm Aug 21, 2010 12:31pm
Quoting SkyzerFX
What about long flat line...
Skyz, 4 years just only get small profit (arround 500-10k) n still have some loss trade, that;s why my system still not perfectly yet but since 2004 that show very high increasing profit.
---
actually i was do Tokyo EA test for 10 years, n i found something interesting me, the point is market every years or some period will change, n that;s will make right system unworking, this research still on my waiting list to catch that period change n range setting move.
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