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Time Cell Trading

  • #1,161
  • Dec 13, 2010 5:15pm Dec 13, 2010 5:15pm
Quoting porfirio
Thanks forexcube... i have learned a lot of cci with you ... and now only operator with cci

example... Gbp-usd h4

Hi porfirio

Do you set stop loss? ... and if so, have you made good experience with it?

Kindest regards
FXcube
  • #1,162
  • Dec 13, 2010 5:44pm Dec 13, 2010 5:44pm
HI FOREXCUBE

l Place the SL EN 1.5620 .... Now the price is bouncing IN THE SMA 200, I HOPE THAT IS ENOUGH THE SL .... AFTER I MOVE SL

CCI 200 (Level -150) AFTER START UP IN PARALLEL WITH ITC 400-600

PRICE ACTION IN W1 ALSO GIVE ME UP

ITīS DEMO ... I AM STUDYING

SORRY FOR MY ENGLISH
Attached Image(s) (click to enlarge)
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  • #1,163
  • Edited 6:53pm Dec 13, 2010 6:23pm | Edited 6:53pm
Demo Account - wich is beeing phased out.
see #1060, #1059, #1021, please;

50'000.-$ AccountNo.:230288 (Target: 250.-$ per Day)
Beginning Date: 2010 November 18

History File, 2010 December 13:

Equity: 101'405.33 $

Profit: 51'405.33 $ http://cdn.forexfactory.com/images/s...m/thumbsup.gif

(100% within 1 month).

So 100% profit is reached and this account could be definitely closed, too.
Attached File(s)
File Type: pdf History File, 50'000.-$, 2010 December 13.pdf   112 KB | 261 downloads
  • #1,164
  • Dec 13, 2010 6:42pm Dec 13, 2010 6:42pm
IMPRESIONANTE FOREXCUBE
  • #1,165
  • Dec 13, 2010 6:49pm Dec 13, 2010 6:49pm
Quoting porfirio
IMPRESIONANTE FOREXCUBE
I'll do my best and let the market its breath! So things should right itself.

FXcube
  • #1,166
  • Dec 13, 2010 6:57pm Dec 13, 2010 6:57pm
I would close FOREXCUBE ......EUR-USD
  • #1,167
  • Edited 9:15am Dec 14, 2010 2:34am | Edited 9:15am
- 36'329.51$ open Loss Trades

Should a trader trade like this?

If not,..., what is unprofessional here?

Do you realize how many mistakes were made?

Do you think it is correctable and manageable?

How many time could have an advanced level trader to corrigibly this desaster?

What could a trader made by the fist step, now?
Attached Image (click to enlarge)
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  • #1,168
  • Dec 14, 2010 2:57am Dec 14, 2010 2:57am
Good morning Forexcube,

I am still going through the thread and sorting out possible questions. I like the CCI reaction very much, I was a RSI " fan " before.....

Your example : to buy @ 09:19 5 ( ! ) Lots eurusd and close it barely 20 pips later is high risk.

a) this is whipsaw time for me, a very good trader told me to wait for the typical end of major early move at around 10:00 GMT and then trade the correction. An alternative is to trade 1 hr before LO open, especially the last 5 min to the full hour is good.

b) where are the stops ?

c) eurusd has been in a risky mess, why not trade other pairs. Too many traders focusing on their 15 min chart on eu or gu and expect to make 100 pips every day.

My 2 cents, more questions/comments later.....




_______________
michael
Attached Image
Be like water.
  • #1,169
  • Dec 14, 2010 5:57am Dec 14, 2010 5:57am
Quoting msmarple
Good morning Forexcube,

I am still going through the thread and sorting out possible questions. I like the CCI reaction very much, I was a RSI " fan " before.....

Your example : to buy @ 09:19 5 ( ! ) Lots eurusd and close it barely 20 pips later is high risk.

a) this is whipsaw time for me, a very good trader told me to wait for the typical end of major early move at around 10:00 GMT and then trade the correction. An alternative is to trade 1 hr before LO open, especially the last 5 min to the full hour is good.

b) where are the stops...



Great image!

You're absolutely right. It's definitely a misguided money-, time- and order management!

Kindest regards!

FXcube
  • #1,170
  • Edited 10:06am Dec 14, 2010 5:59am | Edited 10:06am
see #1167, please.

EURUSD, M5, 2010 December 14

You can't go in the market with enter short if the market goes up!
It was a very stromg upward movement (till DR1 1.3484).

So the enter long orders at 8:40 and 8:50 wasn't overly clever! - yep,...really unprofessional!

CCI(14) has showing a top but the EMA Lines were going stright away deep upward.


The probability are extremely great when in a volatile market environment the next Pivotal Point (here DR1 at 1.3484) could be reached.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M5, 2010 December 14.jpg Size: 436 KB
  • #1,171
  • Edited 8:53am Dec 14, 2010 6:05am | Edited 8:53am
Quoting Forexcube
Should a trader trade like this?

If not,..., what is unprofessional here?

Do you realize how many mistakes were made?

Do you think it is correctable and manageable?

How many time could have an advanced level trader to corrigibly this desaster?

What could a trader made by the fist step, now?
see #1167, please.

AND SEE HERE, PLEASE
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  • #1,172
  • Edited 8:53am Dec 14, 2010 8:37am | Edited 8:53am
see #1167 , please.

1 step

Minimize the lots at the next level where you could make a little profit.
Attached Image(s) (click to enlarge)
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  • #1,173
  • Dec 14, 2010 8:48am Dec 14, 2010 8:48am
see #1167, please.

2 step

Minimize the loss of the open trades.

see #1171, please: Loss of open trades: - 36'329.51$

now: - 21'870.45$
Attached Image (click to enlarge)
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  • #1,174
  • Edited 7:27pm Dec 14, 2010 9:03am | Edited 7:27pm
see #1167, please.

Compensate and counterbalance all open high lot size trades if market will give you the chance.

So make up your market analyses at a lot of different currency pairs and time frames. There's no harm of you need 2 or 3 days for that! It's now your job to do it!
  • #1,175
  • Edited 7:28pm Dec 14, 2010 9:07am | Edited 7:28pm
see #1167, please.

Set a time limit when you would have change all high sized loss order in a win. In two day? ,... may be in 1 week?,...by no later than 1 month?...

Okay you didn't know it in detail and the most part of the contracts should be dependend at the market environment. But you have taken your chart analyses and on the basis of your analyses you should come to a rating.
  • #1,176
  • Edited 7:28pm Dec 14, 2010 9:23am | Edited 7:28pm
see #1172

see Step 1.

Don't wait that you could make any more profit when you let the trader further run in the win. It's not your task at the moment by minimizing the big lots of open orders.
Attached Image (click to enlarge)
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  • #1,177
  • Edited 7:29pm Dec 14, 2010 9:27am | Edited 7:29pm
Minimize the loss (total amount) of the open trades.
see #1173, #1167, please.


Even better now.
Attached Image (click to enlarge)
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  • #1,178
  • Dec 14, 2010 9:29am Dec 14, 2010 9:29am
Repeat Step 1 and Step 2 so often you can do.

Example:
see, #1176 and #1177, please.

  • #1,179
  • Edited 7:32pm Dec 14, 2010 9:32am | Edited 7:32pm
Don't over-react.

You can close the first order AUDCAD 49.56 at #1177.

But this is only one 0.5 lot size. You've make your market analyses before. So no need to close it down. Let it run. Your account deposit looks much better now (-18'879.50$) compared with this one in the morning, see #1167, please (-36'329.51$). Isn't it?

...and be aware that the opened 6 Lot EURUSD and the 8.5 Lot USDCHF contracts are too much only for one single currency-pair. Look that you can make it smaller in the next days, may be today. (See also critical reflexions, #1180).
Attached Image (click to enlarge)
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  • #1,180
  • Edited 7:33pm Dec 14, 2010 9:55am | Edited 7:33pm
Step 7 - Critical Reflexions.

E.G.
Weren't it too risky to close these high 24 Lot Hedging trades?

H4 was showing a divergence at the Pivotal DR1 1.3475.

Probabilities for a turn down seems to be great at that time by monitoring the M1/M5.

EURUSD H4, 2010 December 14
Attached Image(s) (click to enlarge)
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