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  • #281
  • Feb 1, 2011 5:23pm Feb 1, 2011 5:23pm
Quoting Cubbybgood
Yeah, I made a good call. If I remember right, the last call about a week ago that I made on the 4 hour chart also hit profit!

Wally, this trade that I mentioned on the 4 hour chart was as good as they will come. Everything looked perfect, the break the ema's and the movement. Remember what you saw there so you can make that call next time.

How many pips you up this week?
I'm up 109 pips for yesterday and today, no losers. Yesterday was my first day seriously trading your system. And those pips were with a full position too.

I'm gonna try two positions as you suggested, letting the second one run.

I also have a one-hour chart and a four-hour chart I watch for EU and GU. That gives me a larger view of the trend, and also tells me if the M5 and M15 are just correcting on a retrace on the higher timeframe, and when they start to turn around and move in the direction of the longer term trend, then that's the end of the retrace and to get ready for a high probability trade in the direction of the larger timeframes.

I just confused myself. If anybody understood what I just said, maybe you could explain it to me!
"Be the change that you wish to see in the world." --Gandhi
  • #282
  • Feb 1, 2011 5:32pm Feb 1, 2011 5:32pm
Also, should we take trades on fresh crosses on the higher time frame?
  • #283
  • Feb 1, 2011 5:35pm Feb 1, 2011 5:35pm
juzgood1978, that is a good idea!
  • #284
  • Feb 1, 2011 5:40pm Feb 1, 2011 5:40pm
Hi Cubby,
Am still learning here, can i know why did you place a 100tp and also wheres your stoploss in this case? i see the last swing low was 800pips away.
Quoting Cubbybgood
Yeah, I made a good call. If I remember right, the last call about a week ago that I made on the 4 hour chart also hit profit!

Wally, this trade that I mentioned on the 4 hour chart was as good as they will come. Everything looked perfect, the break the ema's and the movement. Remember what you saw there so you can make that call next time.

How many pips you up this week?
  • #285
  • Feb 1, 2011 5:54pm Feb 1, 2011 5:54pm
Quoting juzgood1978
Hi Cubby,
Am still learning here, can i know why did you place a 100tp and also wheres your stoploss in this case? i see the last swing low was 800pips away.

This is the trade I was talking about.

I knew because of this daily trade that there was a high possibility that all other signals on lower time frames in the direction of the daily signal were going to be good. at least with in 100 pips.

make sense?
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  • #286
  • Feb 1, 2011 5:56pm Feb 1, 2011 5:56pm
Quoting Wally1953
I'm up 109 pips for yesterday and today, no losers. Yesterday was my first day seriously trading your system. And those pips were with a full position too.

I'm gonna try two positions as you suggested, letting the second one run.

I also have a one-hour chart and a four-hour chart I watch for EU and GU. That gives me a larger view of the trend, and also tells me if the M5 and M15 are just correcting on a retrace on the higher timeframe, and when they start to turn around and move in the direction of the longer term trend, then that's the end...

Yes, it's wayway inportant that you split this up 70% on first TP and 30% on second. This is really what makes this system so good.
  • #287
  • Feb 1, 2011 5:56pm Feb 1, 2011 5:56pm
Quoting juzgood1978
Hi Cubby,
Am still learning here, can i know why did you place a 100tp and also wheres your stoploss in this case? i see the last swing low was 800pips away.
I probably shouldn't be answering for Cubby, so he should correct me if I'm wrong. The last swing low was approximately 200 pips on the daily chart. So he went for 100 pips; half of his stoploss. I was in that trade, but when the London session ended, price started to stagnate, so I settled for 77 pips.

I think it's very important to stick to the London and Us/London overlap sessions. After that, anything can happen. Volume is down, and there's wide unpredictable swings.
"Be the change that you wish to see in the world." --Gandhi
  • #288
  • Feb 1, 2011 5:57pm Feb 1, 2011 5:57pm
Quoting the-game
Thanks again for the system Cubbybgood.

This is my first demo trade after studying your thread. EURUSD H4 - 90pips:

cool!
Glad the first trade went well!
  • #289
  • Feb 1, 2011 5:59pm Feb 1, 2011 5:59pm
Quoting Wally1953
I probably shouldn't be answering for Cubby, so he should correct me if I'm wrong. The last swing low was approximately 200 pips on the daily chart. So he went for 100 pips; half of his stoploss. I was in that trade, but when the London session ended, price started to stagnate, so I settled for 77 pips.

I think it's very important to stick to the London and Us/London overlap sessions. After that, anything can happen. Volume is down, and there's wide unpredictable swings.
Wally, dont always expect the daily trades will always move that same day. These trades could take a whole week to hit TP but I will usualy trade in the same direction of that daily trend if I take lower time frame trades on that same pair. Keep that in mind.

Yes, you are right on the trade though. 200 pips SL and 100 pips TP.
  • #290
  • Feb 1, 2011 6:45pm Feb 1, 2011 6:45pm
Seems to be pretty solid. Picked up some of these same trades for pips in the pocket. Feels good to be on the taking side.

From what I can see, this system is pretty simple and straight forward. I know the question has been asked a couple times but anyone working on an EA for this system? Of course I say this coming from a non programmers point of view.

Thanks CBG,

-ej5
  • #291
  • Feb 1, 2011 7:17pm Feb 1, 2011 7:17pm
I doubt an EA can be made as EA will never be able to determine what is a good angle of seperation of the MAs? correct me if i am wrong
Quoting ejohnston5
Seems to be pretty solid. Picked up some of these same trades for pips in the pocket. Feels good to be on the taking side.

From what I can see, this system is pretty simple and straight forward. I know the question has been asked a couple times but anyone working on an EA for this system? Of course I say this coming from a non programmers point of view.

Thanks CBG,

-ej5
  • #292
  • Feb 1, 2011 7:34pm Feb 1, 2011 7:34pm
Quoting juzgood1978
I doubt an EA can be made as EA will never be able to determine what is a good angle of seperation of the MAs? correct me if i am wrong
I agree. The EA would most likely have to use other indicators to try and mimic spacing of the ema's. This can be done but how well is to be determined.

It also has to use 2 different time frames which I here can be a little complicated.

If someones up for it feel free to try
  • #293
  • Feb 1, 2011 7:58pm Feb 1, 2011 7:58pm
Hi Cubby...I just finished reading your thread and it seems like a good system which worth to try.

But I don't understand what do you mean by "good spacing between EMA's"?

Thanks...
  • #294
  • Feb 1, 2011 8:32pm Feb 1, 2011 8:32pm
Quoting wira_chan
Hi Cubby...I just finished reading your thread and it seems like a good system which worth to try.

But I don't understand what do you mean by "good spacing between EMA's"?

Thanks...
You've finished reading the thread and you still don't know what good spacing between EMA's means?!?!?!?
  • #295
  • Edited 9:21pm Feb 1, 2011 8:44pm | Edited 9:21pm
I think there is a lot of eyeball that an ea cant pick up. Ie how far up the trend in a 2-3 wave trend..., choppy ness. It is something to run. I think you would have more luck manual though
  • #296
  • Feb 1, 2011 9:41pm Feb 1, 2011 9:41pm
I'm in on a USDCAD short on the H4 timeframe

The second chart is the Daily with a fib drawn from the last HH to the last LL for confirmation that it touched the 50 / 61.8 fib lines and is now continuing the down trend.
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  • #297
  • Edited 10:23pm Feb 1, 2011 10:02pm | Edited 10:23pm
I'm bias on the EA. I think the spacing could be programmed by counting pips between the ma's. For example there could be a parameter 'MaxPipsBetweenMa's' = 50 depending on the timeframe. As for the direction, I'm not quite sure how to determine that but I know Squalou could figure it out! There would be some array/loop ( I know a little about c++

FerruFx could probably program it too. I would use the EA for entry only, but that's just MHO!
  • #298
  • Feb 1, 2011 10:56pm Feb 1, 2011 10:56pm
Quoting the-game
I'm in on a USDCAD short on the H4 timeframe

The second chart is the Daily with a fib drawn from the last HH to the last LL for confirmation that it touched the 50 / 61.8 fib lines and is now continuing the down trend.
I don't really like this trade that you took and I'll tell ya why...

I say that it's not a lowest low until there's at least 1 pip difference with the candles. There is not a one pip difference with the lowest low on this trade. Also, on the 4 hour, daily and weekly charts I like it to be more like 3-10 pips on the LL's and the HH's in order for it to be a valid signal

Careful on this. If this trade hits your TP I would be very surprised...
  • #299
  • Feb 1, 2011 11:06pm Feb 1, 2011 11:06pm
Hi Cubby
Lowest low you are refering to the previous lowest low? because how far back lowest low should be take reference from?
Quoting Cubbybgood
I don't really like this trade that you took and I'll tell ya why...

I say that it's not a lowest low until there's at least 1 pip difference with the candles. There is not a one pip difference with the lowest low on this trade. Also, on the 4 hour, daily and weekly charts I like it to be more like 3-10 pips on the LL's and the HH's in order for it to be a valid signal

Careful on this. If this trade hits your TP I would be very surprised...
  • #300
  • Edited 11:30pm Feb 1, 2011 11:19pm | Edited 11:30pm
Quoting Cubbybgood
I don't really like this trade that you took and I'll tell ya why...

I say that it's not a lowest low until there's at least 1 pip difference with the candles. There is not a one pip difference with the lowest low on this trade. Also, on the 4 hour, daily and weekly charts I like it to be more like 3-10 pips on the LL's and the HH's in order for it to be a valid signal

Careful on this. If this trade hits your TP I would be very surprised...
Could you clarify by editing my USDCAD H4 chart with your thoughts?

BTW, I put in a Sell Stop order 3 pips below the last LL and this is on the 4 hour, so it's valid right?

* EDIT: I just had the same sort of setup on the USDCHF H4 chart - this time I got in 5 pips below the last LL.

** EDIT 2: I've followed your rules in post 1 to the letter... plus I'm with trading with the trend, using reasonable pip buffers above the last HH and below the last LL for entry/SL and accounting for spread for the TP. Are there any more rules that need to go into post 1?
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