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  • #2,221
  • Sep 13, 2010 2:50am Sep 13, 2010 2:50am
Quoting stratman
Attachment
Did you get your short entry? Looks like there was a good bounce to the downside after it broke through.

Just analysing the earlier potential entry to the upside which I didn't take. Do you agree with my sentiments? (first chart is M1)

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  • #2,222
  • Sep 13, 2010 2:57am Sep 13, 2010 2:57am
Watching for an entry right now... (GPBJPY, M5 chart)

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  • #2,223
  • Sep 13, 2010 3:05am Sep 13, 2010 3:05am
Quoting stratman
Working from my Motel Room today and thought I'd post this while I was having a break. Grey horizontal SR is shown and yellow trendlines. Let's discuss likely trading scenarios. Remember, I want a max 10 pip stop
Very very nice prevision man
  • #2,224
  • Sep 13, 2010 3:19am Sep 13, 2010 3:19am
Quoting Mindsphere
Watching for an entry right now... (GPBJPY, M5 chart)

Attachment
Just took the entry. First demo trade of the day, in and out for 15.5 pips

Looks like I could have grabbed another 5 very very shortly after, but the round number was reason enough for me to bail.

M5 & M1 below.

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  • #2,225
  • Sep 13, 2010 5:34am Sep 13, 2010 5:34am
I went out for dinner with some work mates and came back to this nice entry. Based on my previous analysis already posted, the trade short was in order.

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Click to Enlarge Name: 2010-09-13_2229-GJ-40-pips.png Size: 89 KB
  • #2,226
  • Sep 13, 2010 5:37am Sep 13, 2010 5:37am
good trade .. the divergence on M1 was concluded by this entry. So a really onto it person may have got the short, then your long then my final 40 pip short. A good day for a master ... not me .. I only got the 40 pip short

Quoting Mindsphere
Just took the entry. First demo trade of the day, in and out for 15.5 pips

Looks like I could have grabbed another 5 very very shortly after, but the round number was reason enough for me to bail.

M5 & M1 below.

Attachment

Attachment
  • #2,227
  • Sep 13, 2010 8:32am Sep 13, 2010 8:32am
Quoting stratman
good trade .. the divergence on M1 was concluded by this entry. So a really onto it person may have got the short, then your long then my final 40 pip short. A good day for a master ... not me .. I only got the 40 pip short
Interesting entry stratman. I'm wondering if you can elaborate a little more on your divergence entries as they are different to your general trade approach (or at least what I've seen of it). Although I had to go out to dinner, I was watching for a break to the downside of the SMA60 and retest on M5. I would not have taken your entry as it was straight into the M15 mini-channel trend-line. Looks like it worked out well for you though!

Interested to hear your thoughts on the following:

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Click to Enlarge Name: gbpjpy11on13092010.png Size: 69 KB


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  • #2,228
  • Sep 13, 2010 2:30pm Sep 13, 2010 2:30pm
Hi Stratman and evrybody here,

I just purchased the DB V4.30 today and I'm playing around to learn its features. I noticed that when I load up the THV template the candles are regular candles and not heikin ashi (as descibed in the manual and the videos). Forgive me if it's a stupid question and/or if I missed this piece of information already posted somewhere in this thread, but how do I get the candles to display in HA format then?
  • #2,229
  • Sep 13, 2010 2:40pm Sep 13, 2010 2:40pm
This trade was based mainly on the 130 round number. It was broken but prices fell back below the downward sloping trendline (top of candles).

Will talk a bit later re divergence.

Quoting Mindsphere
Interesting entry stratman. I'm wondering if you can elaborate a little more on your divergence entries as they are different to your general trade approach (or at least what I've seen of it). Although I had to go out to dinner, I was watching for a break to the downside of the SMA60 and retest on M5. I would not have taken your entry as it was straight into the M15 mini-channel trend-line. Looks like it worked out well for you though!

Interested to hear your thoughts on the following:

Attachment

Attachment
  • #2,230
  • Sep 13, 2010 2:41pm Sep 13, 2010 2:41pm
I didn't take this as I was asleep but it was a good setup so thought I would post it.

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Click to Enlarge Name: 2010-09-14_0734-GJ-60-pips.png Size: 94 KB
  • #2,231
  • Sep 13, 2010 7:05pm Sep 13, 2010 7:05pm
Quoting stratman
This trade was based mainly on the 130 round number. It was broken but prices fell back below the downward sloping trendline (top of candles).

Will talk a bit later re divergence.
Sure. I get divergence, it's more the specifics of the entry. Also had you noticed that m15 channel (see my image in previous post)? Did you deem the t/l rejection more significant and thus more likely to follow through? GJ really does have its own peculiarities. Thanks stratman.
  • #2,232
  • Sep 14, 2010 12:58am Sep 14, 2010 12:58am
Hey Rob noticed your charts had stoch and trix combined. Howed u do that?
  • #2,233
  • Edited 3:56am Sep 14, 2010 2:40am | Edited 3:56am
Current in progress entry on GBP/JPY. Feel free to critique/comment

Edit: Entry at 128.22, Stop at 128.32

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy1on14092010.png Size: 38 KB


Edit 2: 13 minutes until news.. tempted to move stop to break-even and see if I can ride out a nice move off the back of the news.

Edit 3: Took off half the position at 16 pips. Moved stop to break-even for the rest.

Edit 4: Hah. Talk about perfect. So I had my takeprofit set to my support line at 127.88, which priced broke through, before retracing quickly back up. Other half off for 29 pips

I guess the question is, would I have been filled during news time? Perhaps stratman can answer that question. I've been trading with the Dukascopy demo but didn't watch the spread during news release.

So, to sum up, the trade averages out to 22.5 pips

See below:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy2on14092010.png Size: 40 KB


Just thought I would also add, this trade reminded me of a conversation I had with stratman a couple of days ago about institutions supporting price in order to load up on positions. I don't necessarily think that was what happened here - the consolidation phase was probably more of a holding pattern before the news. However, this diagram I put together might interest some:

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  • #2,234
  • Sep 14, 2010 4:25am Sep 14, 2010 4:25am
Stratman, if i dont want to folow this thread, will i get noticed about any upgrades of dashboard via my email? Will they be free?
  • #2,235
  • Sep 14, 2010 7:07am Sep 14, 2010 7:07am
Any future upgrades would always be notified to members of my website. If you already own the dashboard, you'll likely have membership

Quoting Noris
Stratman, if i dont want to folow this thread, will i get noticed about any upgrades of dashboard via my email? Will they be free?
  • #2,236
  • Sep 14, 2010 9:30am Sep 14, 2010 9:30am
Hi stratman,
i have bought your dashboard with direct credit card payment,
then i realise i can't register product without paypal,
I cant download it
  • #2,237
  • Sep 14, 2010 9:31am Sep 14, 2010 9:31am
Thanks!
  • #2,238
  • Sep 14, 2010 2:24pm Sep 14, 2010 2:24pm
I sent it directly to you via email. Sorry for the delay

Quoting kkc888kkc
Hi stratman,
i have bought your dashboard with direct credit card payment,
then i realise i can't register product without paypal,
I cant download it
  • #2,239
  • Sep 14, 2010 2:33pm Sep 14, 2010 2:33pm
As you may have read, I was trying for the dukascopy award (monthly trading). This has proved really difficult as it requires a lot of risk. I made a decesion at the beginning of this month to use a maximum of all my equity gained while with dukascopy (1 month).

This has been tough on my account. At one point I was close to the max draw-down. Thankfully, last night I managed to leap ahead. I have now exceeded my target for the month. In fact, I managed to almost triple my account.

Not sure if I will continue the challenge as my gain is quite good and I don't want to give any money back to the market. When you finally see my equity curve at the end of this month, you will be shocked by the up and down

I think steady increase of 2.4% per day is a better trading approach. Slow and Steady. I would not recommend that anyone try what I just have
  • #2,240
  • Sep 14, 2010 3:20pm Sep 14, 2010 3:20pm
Heh stratman, I believe I suggested this might be the case at the time you asked for advice in the thread. 2.4% per day is amazing. If you can continue that growth consistently you'll be able to buy 10 of those watches in no time. The award encourages high levels of risktaking. Simply not worth it. Glad to see your account survived though!

Please continue posting the odd trade here if it's not too much trouble, I think many people gain from seeing your train of thought like that. Hopefully we can move forward with the forum concept soon. I'm going to send some more time on the trading guide this weekend and perhaps you can have a look and put the finishing touches to it. (to everyone who is not stratman, I'm putting together a PDF trading guide based on what I've garnered from analysing stratman's techniques)

As to the concept of win/win scenarios as far as time spent interacting with the group, now that I've started trading your approach I can definitely see where there are grey areas that could be discussed at length. The specficis of entries based on "rejection" signals, and how best to define a trade that simply doesn't have momentum and should be killed. Also, it's most interesting to watch the 10sec chart on dukascopy in tandem with the M1... It's hard to describe but I'm starting to get a feel for the way the currency moves in this timeframe. Figuring out the ideal criteria for these sorts of things could be very helpful. Anywy back to work (woo nightshift!)
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