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My J16 Style Trades

  • #181
  • Oct 4, 2010 5:06pm Oct 4, 2010 5:06pm
Kiwi stopped out for .6% i think, something like that.

Euro probably get stopped out as well.

Will be waiting for more meaningful triggers to short usd on whichever pair has the best pa, just tried the above ones in the case we kept going from here, hopefully now we get deeper retraces so we can get in at a better price.
  • #182
  • Oct 5, 2010 8:26am Oct 5, 2010 8:26am
Just adding this chart of the latest trade I took on kiwi, I didn't feel comfortable to put proper size on, so I only made back most of my previous losses, reason for entry was this buob on 1hr, and up top it's kind of stalling so closing and waiting for retrace. Entry was based on price moving back thru s/r and round number of 7400 with a force that was strong enuf while I was watching. Didn't play any bar, just was watching how price was moving.

This myfxbook thing is really cool, no need to stress to type in here really fast when I'm real busy, as I have myfxbook to prove wats going on.


Regards
Attached Image (click to enlarge)
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  • #183
  • Oct 5, 2010 8:35am Oct 5, 2010 8:35am
Does anyone know how to force myfxbook to update, it hasn't updated in hours.
  • #184
  • Oct 5, 2010 8:59am Oct 5, 2010 8:59am
I'm watching this area to find some reentries on kiwi.
Attached Image (click to enlarge)
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  • #185
  • Oct 5, 2010 11:37am Oct 5, 2010 11:37am
Quoting Mr Smith
Does anyone know how to force myfxbook to update, it hasn't updated in hours.
Not sure how myfxbook does it but in mt4i.com, we use what is known as a publisher EA to update the server where the performance is hosted. The updating frequency is set in one of the fields of the EA.
If you had used the publisher in Tools/0Option/Publisher of MT4, check that the "refresh every" field is entered correctly.
Hope that helps.

CY
  • #186
  • Oct 5, 2010 12:10pm Oct 5, 2010 12:10pm
Quoting ertorque
Not sure how myfxbook does it but in mt4i.com, we use what is known as a publisher EA to update the server where the performance is hosted. The updating frequency is set in one of the fields of the EA.
If you had used the publisher in Tools/0Option/Publisher of MT4, check that the "refresh every" field is entered correctly.
Hope that helps.

CY
Thanks for the response, I'm using oanda, I guess it'll eventually update.

thanks
  • #187
  • Oct 5, 2010 12:22pm Oct 5, 2010 12:22pm
i had same prob ages ago and support never replied, it was stuck for days so i gave up
  • #188
  • Oct 5, 2010 12:38pm Oct 5, 2010 12:38pm
I got a response, with oanda, you have to update your account history link from oanda every midnight, they say there working on fixing this, so for now, I just have to update manually each day.
  • #189
  • Oct 5, 2010 1:25pm Oct 5, 2010 1:25pm
Ok, so gained back the losses, and plan now is to buy against usa, retrace then find excuse to get in.
  • #190
  • Oct 6, 2010 8:22pm Oct 6, 2010 8:22pm
Just closed a small aussie position as it bounced off the previous monthly high, will reenter on retrace, probably during london, reenter long htat is, sorry didnt' get a chance to post that trade or the current kiwi i'm still long on, I'll post trades and charts when I can, but this myfxbook thing makes me a bit lazy posting every single trade, so at least I have that to back me up when I dont' get to post trades.

Reason for the longs where simply aussie power, and staying above 9725 area, so I just jumped in. and kiwi was simply staying above 7500, kiwi is near b/e at moment, but I'm holding as long as 7500 doesn't break.

I'm half way to my weekly goal this week, my year goal is 50%, so my weekly goal is about 1 %, of course some weeks I have losing weeks, or even losing months.
  • #191
  • Oct 7, 2010 3:33am Oct 7, 2010 3:33am
I got some sneaky long in on aussie, nothing to talk about, or post chart about, as it was simply just jumping in on the aussie power, can see the entries on my myfxbook if like.

previous monthly highs have been taken out from 2008, to the moon we go now, i'm going to try and ride some of this position to 1.2000, that's where we are headed, USD is dead.

It'll probably drop from here like a rock just to prove we never know whats going on with currency.
  • #192
  • Oct 7, 2010 3:59am Oct 7, 2010 3:59am
Aussie didn't hold above 9900, so i have closed for now, will look to long again once we retrace down a bit.
  • #193
  • Oct 9, 2010 8:50am Oct 9, 2010 8:50am
Quoting Mr Smith
Here is a trade I'm also in, this is a differnet account to the one i'm trading with the trades on this thread.

So it doesnt' count towards this threads performance, I just want to post it incase anyones interested in this type of setup.

If you look at the red arrows, the wicks are the same length then the bar high breaks, enter with stop below todays low.

I learnt this from a friend.

Worsk great alot of the time.

Ask any questions if interested in it, and my explanation is not clear.

hi smith, can you explain this method again with charts ? i couldnt understand from the chart posted
  • #194
  • Oct 9, 2010 4:58pm Oct 9, 2010 4:58pm
Quoting roundrock
hi smith, can you explain this method again with charts ? i couldnt understand from the chart posted
Here is chart with explanation, I can do a video if this is still not clear.

Thanks
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  • #195
  • Oct 9, 2010 5:03pm Oct 9, 2010 5:03pm
Quoting Mr Smith
Here is chart with explanation, I can do a video if this is still not clear.

Thanks
Hello Mr Smith, I am comepletly new to your journal. So sorry if my question sound stupid, but as I read your last chart's annotation you will be stopped out on a day 3??? What am I missing could you please clarify a little.

And also what do you mean by saying "the next day should retrace the same size or similar as the prev. day's wick..." what if it retraces more would that be still ok to enter?

Thank you.
  • #196
  • Oct 9, 2010 6:22pm Oct 9, 2010 6:22pm
Quoting Adilius07
Hello Mr Smith, I am comepletly new to your journal. So sorry if my question sound stupid, but as I read your last chart's annotation you will be stopped out on a day 3??? What am I missing could you please clarify a little.

And also what do you mean by saying "the next day should retrace the same size or similar as the prev. day's wick..." what if it retraces more would that be still ok to enter?

Thank you.
Hi there, not stupid at all.

Day 3, depending on stop size you could have got stopped out, it broke by about 6 pips, on a day chart 10 pips below day is usually a good amount. Smaller or larger buffer has there pros and cons.

It's more a visual thing, esp on daily, you want both wicks visually very similar, doenst' have to be exact to the pip, when they are both similar and very small, in a strong trend it tends to really show the strength of the move.

Pls ask more if I still didnt' make it clear.

thanks
  • #197
  • Oct 10, 2010 12:50am Oct 10, 2010 12:50am
Quoting Mr Smith
Hi there, not stupid at all.

Day 3, depending on stop size you could have got stopped out, it broke by about 6 pips, on a day chart 10 pips below day is usually a good amount. Smaller or larger buffer has there pros and cons.

It's more a visual thing, esp on daily, you want both wicks visually very similar, doenst' have to be exact to the pip, when they are both similar and very small, in a strong trend it tends to really show the strength of the move.

Pls ask more if I still didnt' make it clear.

thanks
Yes, It is clear now thanks. So, it is alsmost like trailing a Stop bar by bar - we need a strong trend and momentum. So risk reward is very good, but stops would happen much more often, I think.
  • #198
  • Oct 10, 2010 1:00am Oct 10, 2010 1:00am
Quoting Mr Smith
Here is chart with explanation, I can do a video if this is still not clear.

Thanks
thanks smith for the explanation. now i got it. but unless day2 closes how can we say the wick is same as day1 ? at some point wick could be same and u enter on breakout then retarces and hits the low and the wick extends.

i will watch this on more charts
  • #199
  • Oct 10, 2010 2:44am Oct 10, 2010 2:44am
Would this be an example of a continuation setup?

Risk/reward profile looks pretty good to me!
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  • #200
  • Oct 10, 2010 3:52am Oct 10, 2010 3:52am
Quoting Adilius07
Would this be an example of a continuation setup?

Risk/reward profile looks pretty good to me!
Yes this is the idea, the guy who showed me, did mention tho, that gap ups like that are not the safest ones. Just something to be aware of, but obviously not always a problem as you see in your chart, that one worked.
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