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  • #2,321
  • Sep 19, 2010 2:03pm Sep 19, 2010 2:03pm
i certainly wasn't trying to be unkind...it was not my intention. i've seen some of the 80 videos and the videos lightly touch upon what to "look" for to enter a trade. if i am wrong, please guide me where in the manual or which video clarifies HOW the indi's help one decide to enter a trade. i know the manual doesn't.

i've learned much more from your illustrations (MS) than i have from stratman who's selling the product (no ill will intended). for example, the thv system--whick is free, clearly describes HOW to use the indi's on the first page and when the time is "right" to enter a trade.

i cant find that anywhere on stratman's guide.
  • #2,322
  • Sep 19, 2010 2:30pm Sep 19, 2010 2:30pm
You may have missed what I have said ...

Quote
What I have stated right from the beginning is that the dashboard is a tool to be used with your strategy. It provides many features to use with your chosen strategy.

The dashboard manual explains how to adjust the dashboard to your own strategy ie settings are explained. I also include some templates as examples. Selling the dashboard helps recover my programming time of all indicators I make ... the thv indicators, mini-charts, pipware-charts etc are all freely available from my site.

My teaching has all been free. In the past I have definitely made some very informative posts about how to enter and exit. I have also done that in videos. Recently I have been so busy with a software contract that it's been very difficult to find time to post trades.

There are people who have become very profitable traders from my teaching but choose not to post here in public forums for fear of being overwhelmed with requests for help. I get so many PM's from this forum, skype requests and emails daily ... it's difficult to cope with.

This makes it hard for me to concentrate on further development of my strategy. MS has kindly helped by posting charts here so I can concentrate on moving forward.

Quoting samk090905
i certainly wasn't trying to be unkind...it was not my intention. i've seen some of the 80 videos and the videos lightly touch upon what to "look" for to enter a trade. if i am wrong, please guide me where in the manual or which video clarifies HOW the indi's help one decide to enter a trade. i know the manual doesn't.

i've learned much more from your illustrations (MS) than i have from stratman who's selling the product (no ill will intended). for example, the thv system--whick is free, clearly describes HOW to use the indi's on the first page...
  • #2,323
  • Sep 19, 2010 5:53pm Sep 19, 2010 5:53pm
OK .. after all these discussions, I think I have determined the way ahead.

This thread will be retained as the public face of pipware.com but I will create another forum specific to my strategies so that I can categorise things better.

It's clear that there's so much clutter in a single thread, skype room and youtube account that people are not able to easily find what they need to. I am constantly asked the same questions over and over again which is wearing me out and frustrating many others.

As I have hardly been present for the last 10 weeks, it's a good time to make these changes. Anyone requesting the skype room will be given the following message:

Quote
Hi, the skype room is not being used by me at present. I'm currently creating a full-featured forum for the users of my dashboard. Please keep up-to-date with progress on my public forum at forex factory: http://www.forexfactory.com/showthread.php?t=210461
  • #2,324
  • Sep 19, 2010 9:15pm Sep 19, 2010 9:15pm
Quoting stratman

"Enter a trade in the direction of the trend when a pull-back is complete"

Yes. This is a good way to trade. I did that also.

Currently I got rid of all unnecessary indicators to keep my chart clean and do trading based on Price Action with Pin Bar and Inside Bar breakout on M30 and higher timeframe.
  • #2,325
  • Sep 19, 2010 9:33pm Sep 19, 2010 9:33pm
wonderful idea. i think this will, at least, diminish duplicity of trying to explain your strategy; thereby, saving you, hopefully, tons of time; allowing you more time for other things.

please keep us posted.

thank you,


Quoting stratman
OK .. after all these discussions, I think I have determined the way ahead.

This thread will be retained as the public face of pipware.com but I will create another forum specific to my strategies so that I can categorise things better.

It's clear that there's so much clutter in a single thread, skype room and youtube account that people are not able to easily find what they need to....
  • #2,326
  • Edited 4:17am Sep 20, 2010 2:09am | Edited 4:17am
GBPJPY looking very choppy at the moment. Difficult to trade. I took a stupid entry a little over an hour ago, will post the chart soon.

My trades for today. Shocking day imho. Need to keep myself in check!

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy1on20092010.png Size: 88 KB


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  • #2,327
  • Sep 20, 2010 4:36am Sep 20, 2010 4:36am
Quoting samk090905
[I have presented many...
I think videos can only show methods, ideas and technique. They can't give you experience, who lack in experience will paste what he watched in videos without think about many other things. Often this people trade indicators and not the market.
  • #2,328
  • Sep 20, 2010 4:52am Sep 20, 2010 4:52am
You are not alone ... I'm not gaining much today either.

Quoting Mindsphere
GBPJPY looking very choppy at the moment. Difficult to trade. I took a stupid entry a little over an hour ago, will post the chart soon.

My trades for today. Shocking day imho. Need to keep myself in check!

Attachment

Attachment

Attachment
  • #2,329
  • Sep 20, 2010 4:56am Sep 20, 2010 4:56am
Moved 'www.metatrader.pipware.com' ... it's now 'www.pipware.com'

Was more difficult than I thought ... glad it's over

Hopefully I haven't broken anything
  • #2,330
  • Sep 20, 2010 5:06am Sep 20, 2010 5:06am
Quoting stratman
You are not alone ... I'm not gaining much today either.
Glad to hear it's not just me having trouble with the market today.

I'm really not on form though. I just took another poor entry. Sigh. I think I'll stop for the day after this one finishes.
  • #2,331
  • Sep 20, 2010 5:10am Sep 20, 2010 5:10am
Quoting Mindsphere
Glad to hear it's not just me having trouble with the market today.

I'm really not on form though. I just took another poor entry. Sigh. I think I'll stop for the day after this one finishes.
Hey MS, Rob,

I'm BE so far today (5 trades) too........

See whether there is a good move in NY session....May be we should take a rest for a while

Cheers
Eric

-> Rob,

Glad you have finished you engaged contract. Hoping you can share more knowledge for us but take you times.
  • #2,332
  • Sep 20, 2010 5:12am Sep 20, 2010 5:12am
There was been a good short entry on GU but I see you guys like to trade GJ...
There I have 6 pips spread so I don't like it
  • #2,333
  • Sep 20, 2010 5:37am Sep 20, 2010 5:37am
Quoting Mindsphere
GBPJPY looking very choppy at the moment. Difficult to trade. I took a stupid entry a little over an hour ago, will post the chart soon.

My trades for today. Shocking day imho. Need to keep myself in check!

Attachment

Attachment

Attachment

Hi MS,

With regards to how your trading and how stratman trades...

Your second chart, the one where you closed for 2 pips profit.

THAT i do see quite clearly... i think lol

- trade with the current trend and momentum (LL , LH)

- Mark pullback boundaries with trendline(?)

- Price under the 60sma.

- Entry on... (?)

Now, my question is,

1) are entries made WHEN the correction trendline is broken?

- if so, is price meant to close first or just enter AS it breaks?

Hope this makes sense MS.

Thanks for your time and Stratman aswell.

Im not here to ask silly questions and waist peoples time.

Im here to learn and interact. Hope this is ok

Cheers

Pip
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy1m-MS.png Size: 62 KB
  • #2,334
  • Sep 20, 2010 6:14am Sep 20, 2010 6:14am
Hi Pipalicious,

I don't actually wait for a trendline break before entry. I look more for momentum and breaks of important levels. Perhaps I should be looking at these mini-retrace trendlines. I defer to stratman on this point. I am unsure as to what the best way to trade this style is. My trade statistics are nowhere near significant yet.

Quoting Pipalicious
Hi MS,

With regards to how your trading and how stratman trades...

Your second chart, the one where you closed for 2 pips profit.

THAT i do see quite clearly... i think lol

- trade with the current trend and momentum (LL , LH)

- Mark pullback boundaries with trendline(?)

- Price under the 60sma.

- Entry on... (?)

Now, my question is,

1) are entries made WHEN the correction trendline is broken?

- if so, is price meant to close first or just enter AS it breaks?

Hope this makes sense MS.

Thanks for your time and...
  • #2,335
  • Sep 20, 2010 6:21am Sep 20, 2010 6:21am
Quoting Mindsphere
Hi Pipalicious,

I don't actually wait for a trendline break before entry. I look more for momentum and breaks of important levels. Perhaps I should be looking at these mini-retrace trendlines. I defer to stratman on this point. I am unsure as to what the best way to trade this style is. My trade statistics are nowhere near significant yet.
Thanks for your reply MS.

Like what Strat said the other day:

"Enter a trade in the direction of the trend when a pull-back is complete"

- Trade with momentum.

- Wait for the pullback to a key area.

- And here is where things differ:

a) enter with a candle formation (pin, ob, ib).

b) enter on break of corrective trendline.

This is precisely what im trying to get to and to understand how Strat himself enters.

Is it before the TL break?
Is it after the TL break?
is it during the TL break?

that is what is confusing me

Either way thanks for your comments MS.

Pip

EDIT:

with regards to entering when the pullback has finished...

Entry with candle formations tend to "tip us" into seeing the end of the correction. However, they can many times fakeout and continue to correct.

Entries during a corrective TL break can also fake us out.

Entries after the corrective TL break (with candle close or break+pullback) can indicate more often than not the continuation.

My observations are that most of the time price will break and not look back at all, providing no break+pullback.

Just wanted to add this and here from members opinions on the matter
  • #2,336
  • Sep 20, 2010 6:44am Sep 20, 2010 6:44am
Quoting Pipalicious
Thanks for your reply MS.

Like what Strat said the other day:

"Enter a trade in the direction of the trend when a pull-back is complete"

- Trade with momentum.

- Wait for the pullback to a key area.

- And here is where things differ:

a) enter with a candle formation (pin, ob, ib).

b) enter on break of corrective trendline.

This is precisely what im trying to get to and to understand how Strat himself enters.

Is it before the TL break?
Is it after the TL break?
is it during the TL break?

that is...
Hi Pipalicious - this is exactly the sort of thing we need collaborative work on. The new pipware forum should be the ideal environment to figure out where the highest probability entries can be taken. I look forward to being able to flesh out these issues in greater detail there.

Just to clarify - is your view that the best entries are from a corrective TL break with a candle close or with a break+pullback rejection (how do you define this?)? Perhaps you could post some screenshots to illustrate precisely what you mean.
  • #2,337
  • Sep 20, 2010 7:12am Sep 20, 2010 7:12am
Quoting Mindsphere
Hi Pipalicious - this is exactly the sort of thing we need collaborative work on. The new pipware forum should be the ideal environment to figure out where the highest probability entries can be taken. I look forward to being able to flesh out these issues in greater detail there.

Just to clarify - is your view that the best entries are from a corrective TL break with a candle close or with a break+pullback rejection (how do you define this?)? Perhaps you could post some screenshots to illustrate precisely what you mean.
Sure, thats the whole point of learning, right?

Here is a live trade im in.

Gbp/Jpy 30m

Im very interested in this private forum aswell.

Cheers

Pip
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy30m.png Size: 98 KB
  • #2,338
  • Sep 20, 2010 7:46am Sep 20, 2010 7:46am
Quoting Pipalicious
Sure, thats the whole point of learning, right?

Here is a live trade im in.

Gbp/Jpy 30m

Im very interested in this private forum aswell.

Cheers

Pip

Just to add to my examples and thoughts...

- the trade im in (gbp/jpy 30m).

- gbp/usd 1h/30m

- usd/chf

- eur/jpy 15m
  • #2,339
  • Sep 20, 2010 2:21pm Sep 20, 2010 2:21pm
This would be my view on that pic

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-21_0718-entry.png Size: 74 KB


Quoting Pipalicious
Hi MS,

With regards to how your trading and how stratman trades...

Your second chart, the one where you closed for 2 pips profit.

THAT i do see quite clearly... i think lol

- trade with the current trend and momentum (LL , LH)

- Mark pullback boundaries with trendline(?)

- Price under the 60sma.

- Entry on... (?)

Now, my question is,

1) are entries made WHEN the correction trendline is broken?

- if so, is price meant to close first or just enter AS it breaks?

Hope this makes sense MS.

Thanks for your time and Stratman aswell.

Im...
  • #2,340
  • Sep 20, 2010 3:14pm Sep 20, 2010 3:14pm
Quoting stratman
This would be my view on that pic

Attachment
Thanks for weighing in on this one stratman. Helps to clarify a few things for me. I'm wondering if you can explain the second of those entries though as per the folllowing image. Is it because the break of the TL (as I've drawn it below) would be at a similar entry price to the previous TL break or is there some other reason?

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-21_0607.png Size: 96 KB
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