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Part 2 EURUSD Trend magic System

  • #301
  • Nov 23, 2010 5:27pm Nov 23, 2010 5:27pm
They are not bollinger bands...you may find them here...

http://www.forexfactory.com/showpost...&postcount=170

Quoting Maklla
hello CanuckCT nice trade. would you be so kind and tell me what are the settings for the bolinger bands that your using

thanks
  • #302
  • Nov 23, 2010 6:21pm Nov 23, 2010 6:21pm
I have entered at 1.3387 with a stop loss of 1.3365. I do not feel any problem with my long entry there but stop loss got hit. !
Attached Image (click to enlarge)
Click to Enlarge Name: euro chart.gif Size: 22 KB
Intraday only.
  • #303
  • Nov 23, 2010 6:26pm Nov 23, 2010 6:26pm
My new long entry :

AUD/USD at 0.9747 with a stop loss at 0.9730
Attached Image (click to enlarge)
Click to Enlarge Name: aud chart.gif Size: 22 KB
Intraday only.
  • #304
  • Nov 23, 2010 6:39pm Nov 23, 2010 6:39pm
My aud/usd long entry, closed at 0.9771, pivot point in my system. +23 pips.
Intraday only.
  • #305
  • Edited 11:48am Nov 24, 2010 11:27am | Edited 11:48am
EJ - short from 111.459...i'm trying to use price action to gain a slight edge on entries, hence why this was taken even though the BB indicator has yet to turn red....will probably regret in hindsight, but i'd like to think price action and indies can live harmoniously sometimes. sl currently above the swing high and i'm targeting the 138.2 fib extension initially and if hit will reset the fib following pa down to derive a new 138.2 ext tgt.

Edit: scratched @ b/e. EU looking bullish again to me, not worth the risk in holding longer.

Edit: ha, turning south again, so will try another short entry if it breaks the lil support @111.36
Attached Image (click to enlarge)
Click to Enlarge Name: 23rd Nov EJ TM short.PNG Size: 36 KB
  • #306
  • Nov 24, 2010 2:11pm Nov 24, 2010 2:11pm
Since 15 nov, i am trading with this sytem. Untill today the results :

Profit : +690
Loss : -345
Net profit : +345.

Trading on 5 min and 15 min chart, have to improve upm limiting losses.
Intraday only.
  • #307
  • Nov 24, 2010 2:21pm Nov 24, 2010 2:21pm
Good stuff navk...I see you are from Canada....where? PEI here. You trading full-time or part time.
Cheers
CanuckCT

Quoting navk
Since 15 nov, i am trading with this sytem. Untill today the results :

Profit : +690
Loss : -345
Net profit : +345.

Trading on 5 min and 15 min chart, have to improve upm limiting losses.
  • #308
  • Nov 24, 2010 2:36pm Nov 24, 2010 2:36pm
Quoting CanuckCT
Good stuff navk...I see you are from Canada....where? PEI here. You trading full-time or part time.
Cheers
CanuckCT
Hi welcome, yes, i am from canada. yyz

Trading full time, part time means looooose.lol. Sorry PEI means?
Intraday only.
  • #309
  • Nov 24, 2010 5:32pm Nov 24, 2010 5:32pm
PEI = Prince Edward Island..what part of Canada you from? yyz is Toronto Airport code...I presume you mean Toronto.
Cheers
CanuckCT

Quoting navk
Hi welcome, yes, i am from canada. yyz

Trading full time, part time means looooose.lol. Sorry PEI means?
  • #310
  • Nov 24, 2010 5:38pm Nov 24, 2010 5:38pm
Quoting CanuckCT
PEI = Prince Edward Island..what part of Canada you from? yyz is Toronto Airport code...I presume you mean Toronto.
Cheers
CanuckCT
Good, let us jointly make some money here.
Intraday only.
  • #311
  • Nov 24, 2010 5:46pm Nov 24, 2010 5:46pm
Sounds like a plan.

Quoting navk
Good, let us jointly make some money here.
  • #312
  • Nov 25, 2010 3:18am Nov 25, 2010 3:18am
...mindful of Thanksgiving though.
Attached Image (click to enlarge)
Click to Enlarge Name: 25th Nov EU TM possible short.PNG Size: 39 KB
  • #313
  • Nov 25, 2010 4:04am Nov 25, 2010 4:04am
...plan worked out to 138.2 ext tgt. Entry from the 5min close below the trendline (TM and BB indies lined up short too).
Attached Image
  • #314
  • Nov 25, 2010 4:44am Nov 25, 2010 4:44am
...short GU this time, will exit 50% at daily S1.
Attached Image (click to enlarge)
Click to Enlarge Name: 25th Nov GU TM short 1.PNG Size: 37 KB
  • #315
  • Nov 25, 2010 5:38am Nov 25, 2010 5:38am
side Fx which indi plots the value TRADE or did u do it manually ??
  • #316
  • Nov 25, 2010 5:43am Nov 25, 2010 5:43am
...for some reason i can't upload the file from my mt indies folder but it's the xADR_vbobv1 which if you search the site for should come up in a post somewhere.
  • #317
  • Nov 25, 2010 5:56am Nov 25, 2010 5:56am
Quoting sidefx
...short GU this time, will exit 50% at daily S1.
scratched for b/e, if these trades don't move away decisively from entry it's probably best to exit for small profit / breakeven. I took too long to exit this one really, given it's Thanksgiving. Still, there was 10+ pips in this one for those more nimble.
  • #318
  • Nov 25, 2010 6:00am Nov 25, 2010 6:00am
..although there was a 15min close above the 61.8, which is usually a bullish sign...on watch for now.
Attached Image
  • #319
  • Nov 25, 2010 6:03am Nov 25, 2010 6:03am
..
  • #320
  • Edited 8:42am Nov 25, 2010 7:23am | Edited 8:42am
...interested to see if PA is signalling short ahead of the indies on EU atm. By definition i guess it should do, but the indie lag sometimes saves us from poorer trades, we'll see.

Edit: updated chart attached, TM flirted with a short signal but BB still firmly long.
Attached Image (click to enlarge)
Click to Enlarge Name: 25th Nov EU TM possible short 2.PNG Size: 47 KB
Attached Image
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