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  • #981
  • Oct 30, 2010 9:37am Oct 30, 2010 9:37am
Quoting Gleneagles
1) Daily range was already done by the time you took the trade
2) Resistance level is right at the 76 intraday fib
3) Hindsight is a wonderful gift?
never know the 76 fib was important i didn't even have it on
NOW I DO

fortunately i had buy on EU at 19:06 and I'm 5 pips away from canceling out that loss except it's carry over the week end which I hate but it is in profit at least maybe pick up some swap lol

Glenn I'm learning a ton from your help thanks

ps What is ADR set to I have 5 25
  • #982
  • Oct 31, 2010 1:56am Oct 31, 2010 1:56am
[quote=pgpb;4134272]
Quoting Gleneagles
1) Daily range was already done by the time you took the trade
quote]


All of Glen's points are good, for me the one that would have kept me from taking the trade is the daily range

This attached indicator shows "room up" and "room down", it some how figures out what the daily range is of the pair, and it will show you how much room you have.

It also will show you the ATR ...if it is red it means that the last few bars are ranging, and if it is green it shows that the bars are increasing (this is probably a really...
Thanks,

Good explanation
" Never let the past hold the future to ransom "
  • #983
  • Oct 31, 2010 1:58am Oct 31, 2010 1:58am
Quoting dryclean
never know the 76 fib was important i didn't even have it on
NOW I DO

fortunately i had buy on EU at 19:06 and I'm 5 pips away from canceling out that loss except it's carry over the week end which I hate but it is in profit at least maybe pick up some swap lol

Glenn I'm learning a ton from your help thanks

ps What is ADR set to I have 5 25

Hi,

My settings are the same , you can also use 6 36 but 5 25 is OK.
Glad it is working out for you ...hopefully no gap down when the markets open again.
" Never let the past hold the future to ransom "
  • #984
  • Oct 31, 2010 3:29pm Oct 31, 2010 3:29pm
Quoting Gleneagles
Hi,

My settings are the same , you can also use 6 36 but 5 25 is OK.
Glad it is working out for you ...hopefully no gap down when the markets open again.
Nice upside gap +45 pips
" Never let the past hold the future to ransom "
  • #985
  • Nov 1, 2010 1:28am Nov 1, 2010 1:28am
60 15 on 60 roy bit close to the resistance level but a good one nevertheless
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-01_1721eur_usd.png Size: 76 KB
We are all One. Be present. Be the Observer
  • #986
  • Nov 1, 2010 8:59am Nov 1, 2010 8:59am
I have decided I like to see the 60-15-5 trix on my chart at the bottom, rather than just trusting the arrows

I also have been using 1-2-3 indicator to show a 123 set up, so trading a break of the "two" along with a 60-15 arrow

See below

PGPB
Attached Image (click to enlarge)
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Attached Image
  • #987
  • Nov 2, 2010 3:48am Nov 2, 2010 3:48am
Trading may be choppy and unpredictable for most of the week with a lot of event risk on the calendar.

I normally skip interest rate days as well as NFP.

If you decide to roll the dice , taking smaller profits on a smaller trade size may be a wise decision.
" Never let the past hold the future to ransom "
  • #988
  • Nov 2, 2010 4:19am Nov 2, 2010 4:19am
E/J 20 pips
Seems to me that the more feasible the trade looks the more likely the signal will be good---so maybe some sensible discretion is needed. I've had a few more winners in recent days but do we need more charts of the same thing?
I'll post losers as well. I suppose as long as the thread is bumped its good promotion.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-02_2011_EJ.png Size: 111 KB
We are all One. Be present. Be the Observer
  • #989
  • Nov 2, 2010 5:04am Nov 2, 2010 5:04am
Quoting Iamfx
E/J 20 pips
Seems to me that the more feasible the trade looks the more likely the signal will be good---so maybe some sensible discretion is needed. I've had a few more winners in recent days but do we need more charts of the same thing?
I'll post losers as well. I suppose as long as the thread is bumped its good promotion.

If you follow just a few basic rules , you should win 80% + of your trades.
EUR and GBP both have a win rate of 80% + for trades done during LDN and NY session.

I regard a trade as a loss if it did not make a minimum of +20 pips with a SL of 40 pips.

I had 1 loss on GBP on October 6 . 22 trades 1 loser 2 at BE 19 winners
if you see a result that is a lot different on the GBP chart for October on 60M TF , mark them on the chart , save the chart as a template and PM it to me.

I don`t have a secret formula or special software for Trix , your results should not differ too much from mine, in fact I leave a lot of pips on the table a lot of times.
" Never let the past hold the future to ransom "
  • #990
  • Nov 2, 2010 5:25am Nov 2, 2010 5:25am
Can someone please post this indi

thx in advance

PGPB
Attached Image
  • #991
  • Nov 2, 2010 5:38am Nov 2, 2010 5:38am
Quoting pgpb
Can someone please post this indi

thx in advance

PGPB
Here it is.
Attached File(s)
File Type: mq4 xADR_vbobv1.mq4   4 KB | 449 downloads
File Type: ex4 xADR_vbobv1.ex4   6 KB | 324 downloads
" Never let the past hold the future to ransom "
  • #992
  • Nov 2, 2010 5:47am Nov 2, 2010 5:47am
Quoting Gleneagles
If you follow just a few basic rules , you should win 80% + of your trades.
EUR and GBP both have a win rate of 80% + for trades done during LDN and NY session.

I regard a trade as a loss if it did not make a minimum of +20 pips with a SL of 40 pips.

I had 1 loss on GBP on October 6 . 22 trades 1 loser 2 at BE 19 winners
if you see a result that is a lot different on the GBP chart for October on 60M TF , mark them on the chart , save the chart as a template and PM it to me.

I don`t have a secret formula or special software for Trix , your...
Thanks Glen, is the 80% win rate off a combination of settings or just the 60/5 - i'm confused with which settings to use to follow in your footprints
  • #993
  • Nov 2, 2010 5:53am Nov 2, 2010 5:53am
Quoting sidefx
Thanks Glen, is the 80% win rate off a combination of settings or just the 60/5 - i'm confused with which settings to use to follow in your footprints
I use mainly 60,5 but 60 15 5 is also a good option.
" Never let the past hold the future to ransom "
  • #994
  • Nov 2, 2010 6:20am Nov 2, 2010 6:20am
Quoting Gleneagles
I use mainly 60,5 but 60 15 5 is also a good option.
  • #995
  • Nov 2, 2010 6:25am Nov 2, 2010 6:25am
When using I-Parmonworktime indi it covers over my Spudfobo fibs lines and my price-spread-candletime indi. It basically block them out. Anyone else experiencing this. Is there a fix or work around
  • #996
  • Edited 7:16am Nov 2, 2010 7:03am | Edited 7:16am
Did a really dumb thing over the weekend a caught myself a cold. Been awhile since I have been sick but it's all coming back to me now

Hopefully tomorrow will be a better day and my head will be clear enough to trade. Good luck to all and today will probably be choppy as Gleneagles indicated due to the elections. I am just going to be glad when they are over!!!
  • #997
  • Nov 2, 2010 8:09am Nov 2, 2010 8:09am
Quoting dryclean
When using I-Parmonworktime indi it covers over my Spudfobo fibs lines and my price-spread-candletime indi. It basically block them out. Anyone else experiencing this. Is there a fix or work around
I put it on my chart and had the same results as you did. I am a desktop engineer but not good at programming so can't help you there. I use 2 indicators which i have attached that will give you the same information.

Hope this helps!
Attached File(s)
File Type: ex4 CandleTime.ex4   2 KB | 218 downloads
File Type: mq4 CandleTime.mq4   2 KB | 220 downloads
File Type: ex4 market price.ex4   3 KB | 206 downloads
File Type: mq4 market price.mq4   2 KB | 220 downloads
  • #998
  • Edited 12:08pm Nov 2, 2010 11:37am | Edited 12:08pm
Quoting Gleneagles
I use mainly 60,5 but 60 15 5 is also a good option.
So just as a sanity check, you use the smtrio indy with the above and 1,0,1,1 settings and watch using a 60min chart? or a lower TF? This is the template i'm using atm for this...
Attached Image
  • #999
  • Nov 2, 2010 12:21pm Nov 2, 2010 12:21pm
Quoting sidefx
So just as a sanity check, you use the smtrio indy with the above and 1,0,1,1 settings and watch using a 60min chart? or a lower TF? This is the template i'm using atm for this...
smMTFtrioAvg indi and watch the 5 minute chart

there is a very, very, very good manual on the first page of this thread.

Read the manual and that will answer a lot of questions

PGPB
  • #1,000
  • Nov 2, 2010 12:36pm Nov 2, 2010 12:36pm
Quoting pgpb
smMTFtrioAvg indi and watch the 5 minute chart

there is a very, very, very good manual on the first page of this thread.

Read the manual and that will answer a lot of questions

PGPB
Thanks for the quick confirmation. I have read the pdf several times and i have to admit to being a little confused with this setting and that...just needed confirmation of what Glen actually uses now. Thanks again
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