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Attachments: Ronnierott's 1 Hour Strategy
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Ronnierott's 1 Hour Strategy

  • #341
  • Mar 6, 2011 9:21am Mar 6, 2011 9:21am
hello,

your strategy, even if it's based on moving averages and the requirement of a trending market, it remains the simplest and best way to trade for anybody on this lump of rock in space, good luck with your endeavors!
  • #342
  • Mar 6, 2011 9:39am Mar 6, 2011 9:39am
Quoting ssnakezor
hello,

your strategy, even if it's based on moving averages and the requirement of a trending market, it remains the simplest and best way to trade for anybody on this lump of rock in space, good luck with your endeavors!


Thank you.......................
  • #343
  • Mar 6, 2011 11:20am Mar 6, 2011 11:20am
hi to you all and thanx for all of your efforts in making this system.
My question to Ronnierott is if he has donde a big backtesting of this systme????
Thanks again to you all
  • #344
  • Mar 6, 2011 3:14pm Mar 6, 2011 3:14pm
Quoting ronnierott
Risk/Reward............... Another great subject.

When I firstly started monitoring this strategy I was looking at what the best R/R would be.

Me personally, I will only ever trade with a R:R at 1:1 at worse.

I prefer the idea that if I were to lose 2 trades and then win 2 trades then I'd like to think that I would be at B/E.

Now, if we look at last weeks 2 trades that have closed:-

G/J trade 01/03........ This trade went to -95 pips and ended up +100.

E/U trade 03/03........ This trade went to -48 pips and ended up +100.

Trades need...
Hi Ronnie
I am a bit confused cos the E/U trade on the 03/03 was the one you cancelled cos it did not hit the pending but ended up below the MA
Please see post 305
Am i right or is there something I am missing
  • #345
  • Mar 6, 2011 4:40pm Mar 6, 2011 4:40pm
Quoting peterporter
Hi Ronnie
I am a bit confused cos the E/U trade on the 03/03 was the one you cancelled cos it did not hit the pending but ended up below the MA
Please see post 305
Am i right or is there something I am missing
I monitor trades on Metatrader and place trades with a spreadbetting firm. Depending on what broker was used for this trade could have given different results (it was that close).

I saw that Alpari would not have activated the trade hence when the candle closed below the 15 EMA I posted on the thread a cancel pending order.

When I then went to cancel my order with my spreadbetting firm I saw that the trade had been activated by them......... Different price feeds/spreads I guess.
  • #346
  • Mar 6, 2011 8:10pm Mar 6, 2011 8:10pm
Quoting ronnierott
I monitor trades on Metatrader and place trades with a spreadbetting firm. Depending on what broker was used for this trade could have given different results (it was that close).

I saw that Alpari would not have activated the trade hence when the candle closed below the 15 EMA I posted on the thread a cancel pending order.

When I then went to cancel my order with my spreadbetting firm I saw that the trade had been activated by them......... Different price feeds/spreads I guess.
Hi ronnierott, i'm a great supporter of your system and i can vouch, it can catch good PIPs.
may i add to your comments above?
in the previous posts, u said before, the candlesticks close below the 15 ema and it should be closed.
but this post which i replied on, you mentioned you gathered PIPs.
can i suggest more transparency, so as to avoid confusion?

i have back and forward tested your system and i find it works well. if i'm new to the thread, i'll think you're trying to promote your system more than anything else, and will skip this system.

i hope my comments above is constructive and i apologise if any words are offensive in any ways. Cheers and have a good trading week!
  • #347
  • Mar 7, 2011 1:55am Mar 7, 2011 1:55am
Can some some show a setup for a "Sell" trade ; I am understanding the Buy side, but am confused with how the Sell trade would look like.
  • #348
  • Mar 7, 2011 1:57am Mar 7, 2011 1:57am
Hi Ronnierott,
Attached, i have 2 diagrams. AUDJPY and EURJPY for comparison sake.

Looking at the macd-ema part (as circled in yellow), does the distance between the dark blue line and majenta line, make a difference when you choose your trade? -
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pic1.jpg Size: 92 KB
Click to Enlarge Name: pic2.jpg Size: 89 KB
  • #349
  • Mar 7, 2011 2:03am Mar 7, 2011 2:03am
Quoting lakeluke
Can some some show a setup for a "Sell" trade ; I am understanding the Buy side, but am confused with how the Sell trade would look like.
Hi Lakeluke,
Please see attached diagram. Candle #1 pierced thru 15ema. Candle #2 rebounced back and close below 15ema. Candle #2 here, is the setup candle. Using this as an example, enter a sell stop 20 PIPs below the low of candle #2. Hope my explanation is clear.
Attached Image (click to enlarge)
Click to Enlarge Name: pic1.jpg Size: 78 KB
  • #350
  • Mar 7, 2011 3:17am Mar 7, 2011 3:17am
Quoting kedridder
Hi Ronnierott,
Attached, i have 2 diagrams. AUDJPY and EURJPY for comparison sake.

Looking at the macd-ema part (as circled in yellow), does the distance between the dark blue line and majenta line, make a difference when you choose your trade? -

Hi Kedridder,

The further the MA is in the coloured area the better.
  • #351
  • Mar 7, 2011 3:18am Mar 7, 2011 3:18am
Quoting kedridder
Hi Lakeluke,
Please see attached diagram. Candle #1 pierced thru 15ema. Candle #2 rebounced back and close below 15ema. Candle #2 here, is the setup candle. Using this as an example, enter a sell stop 20 PIPs below the low of candle #2. Hope my explanation is clear.

Entry would be 10 pips below the low of candle 2.
  • #352
  • Mar 7, 2011 3:21am Mar 7, 2011 3:21am
Quoting ronnierott
Entry would be 10 pips below the low of candle 2.

oh, thanks for e correction.
  • #353
  • Mar 7, 2011 3:21am Mar 7, 2011 3:21am
Quoting ronnierott
Hi Kedridder,

The further the MA is in the coloured area the better.

got it! thank u.
  • #354
  • Edited 4:10am Mar 7, 2011 3:52am | Edited 4:10am
Quoting kedridder
got it! thank u.
Am I right
A signal could be coming on USDCHF in 8 mins


I wouldnt say its the best of signals but as per the rules its a signal nonetheless
pending at 0.92370
  • #355
  • Mar 7, 2011 4:10am Mar 7, 2011 4:10am
Quoting peterporter
Am I right
A signal could be coming on USDCHF in 8 mins


I wouldnt say its the best of signals but as per the rules its a signal nonetheless


Correct.

Sell stop @ 0.9236
  • #356
  • Mar 7, 2011 4:23am Mar 7, 2011 4:23am
Quoting ronnierott
Correct.

Sell stop @ 0.9236

that's right! coming from the man himself.
  • #357
  • Mar 7, 2011 4:56am Mar 7, 2011 4:56am
Quoting ronnierott
Correct.

Sell stop @ 0.9236

order set
  • #358
  • Mar 7, 2011 5:37am Mar 7, 2011 5:37am
Quoting stricky1967
order set

still valid!
Attached Image (click to enlarge)
Click to Enlarge Name: UC.jpg Size: 77 KB
  • #359
  • Mar 7, 2011 6:44am Mar 7, 2011 6:44am
Quoting kedridder
Hi Lakeluke,
Please see attached diagram. Candle #1 pierced thru 15ema. Candle #2 rebounced back and close below 15ema. Candle #2 here, is the setup candle. Using this as an example, enter a sell stop 20 PIPs below the low of candle #2. Hope my explanation is clear.
Many thanks; it's clearer now. Ofcourse as Ron' said it's 10 pips and not 20.
  • #360
  • Mar 7, 2011 6:53am Mar 7, 2011 6:53am
Quoting lakeluke
Many thanks; it's clearer now. Ofcourse as Ron' said it's 10 pips and not 20.

yup, it's my bad.
10 PIPs, not 20. sorry
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