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  • #141
  • Apr 11, 2011 6:11am Apr 11, 2011 6:11am
I am drawing these zones manually based on Seiden's teachings.
  • #142
  • Apr 11, 2011 7:51am Apr 11, 2011 7:51am
Just wanted to report my first successful batch of trades as of this morning. I left the trades running last night on H4 and this morning I came back to some nice profits.....

I could have allowed the shorts to keep running, but seeing that it was against the trend as well as this being my first time, the confidence level has to build a bit....in any case, my initial entry yesterday went against me, but the gains today were double that, so no worries.

Thanks GVC, MoodyBot and the rest of the gang....
  • #143
  • Apr 11, 2011 8:00am Apr 11, 2011 8:00am
Myfx

  • #144
  • Apr 11, 2011 9:43am Apr 11, 2011 9:43am
So not to predict anything, but it appears that the trend for EUR is still up....once this retracement is completed, assuming it is a retracement, and I believe it is, then we should be in for another nice long run correct?

Looks like on EUR price touched the trendline and has moved up, but still waiting for the signal to enter....

Anyway, thanks again all....

I am no longer basing trades on the AI, instead, I do look at Orest's indie, however I feel it is unecessary as well. Reason I say that is if you simply have a trend indie to base your trades on EUR, then if GVC's observation of 7 other pairs following is correct, then it should work just as well. This is the route I am adopting at this point.
  • #145
  • Apr 11, 2011 1:38pm Apr 11, 2011 1:38pm
Quoting myfxjournals
GVC: Question....

I know you've been playing 1Hr...but on 4hr, the EURUSD has been trending pretty strongly...it also appears that Sidus trends quite well....as such, since you are following EURUSD as the lead pair, why would you exit trades at Pivots if you know the trend strength is strong and as such, wouldn't you want to milk the trend until it ends?

In one of your earlier posts, you said you go in and out rather quickly of trades....just curious from a standpoint of maximizing the moves...
In a choppy market where there has not been much big moves, then I exit on or close to the next pivot.(A few pips in the bank is better than none) In a strong trending market like we are currently experiencing and I can put in the screen time, then yes i do leave my trades to run longer.

Yep, I know that the bigger timeframes is more rewarding, but as I can not put in much screen time due to my work commitments, I prefer the quick trades as I feel more in control.

I have posted the EURUSD where I took my short today.I am up $154 on 0.1 Lot. Yes I know I said to trade with the trend.... mostly for the benifit of new traders using this method. After a while you are able to trade retracements as well.

Now as far as Jumping Pairs go:
When i started this method I used my old Excel spreadsheet or Orests T101_v1.12_orest. (Still like this indi)

I started only trading the W1 signals, then the D1 and eventually down to the H1.
I would recommend that new traders to this method do the same. I found the higher timeframes to be the safest trades. Eventually once you have tested all the timeframes then pick the one that you had the most success with and develop it to suite your style of trading.
My style of trading might not suite everybody, that is why experimenting is crucial to find what suites you most.

I am attaching the T101_v1.12_orest indi as well as 2 modified Samir indies that gives 2 columns each that will work just as well.

Regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: t101 ai w1d1.gif Size: 38 KB
Click to Enlarge Name: t101 ai h4 h1.gif Size: 39 KB
Click to Enlarge Name: eurusd 11411.gif Size: 25 KB
Attached File(s)
File Type: mq4 T101_v1.12_orest.mq4   30 KB | 989 downloads
File Type: mq4 T101_virtual_AI_W1_D1.mq4   12 KB | 1,032 downloads
File Type: mq4 T101_virtual_AI_H4_H1.mq4   12 KB | 1,023 downloads
  • #146
  • Apr 11, 2011 1:59pm Apr 11, 2011 1:59pm
GVC,

It would be helpful to provide some examples of what you look for in trading jumping pairs (if you have some time). Thanks!
  • #147
  • Edited 2:48pm Apr 11, 2011 2:19pm | Edited 2:48pm
Quoting newark18
GVC,

It would be helpful to provide some examples of what you look for in trading jumping pairs (if you have some time). Thanks!
Look at the CHFJPY on the middle chart above on the H1 & H4 TF.
When you start the week the pair is situated 3rd from top. When it has gone down 3 positions it means that the CHF is getting stonger, so I will place a Buy order on that pair. If the pair goes all the way to the bottom i will leave the Buy order to run. Once it has left the bottom and has risen by 2 positions then I close the order.

Even if you open mt4 in the middle of the week, take note of the positions of the pairs and use the same principals.

Regards
  • #148
  • Apr 11, 2011 2:22pm Apr 11, 2011 2:22pm
Quoting Gvc
Look at the CHFJPY on the middle chart above on the H1 TF.
When you start the week the pair is situated 3rd from top. When it has gone down 3 positions it means that the CHF is getting stonger, so I will place a Buy order on that pair. If the pair goes all the way to the bottom i will leave the Buy order to run. Once it has left the bottom and has risen by 2 positions then I close the order.

Even if you open mt4 in the middle of the week, take note of the positions of the pairs and use the same pricipals from mt4 open.

Regards
Thanks!
  • #149
  • Apr 11, 2011 4:11pm Apr 11, 2011 4:11pm
Awesome....thanks for the tip!

Quoting Gvc
Look at the CHFJPY on the middle chart above on the H1 & H4 TF.
When you start the week the pair is situated 3rd from top. When it has gone down 3 positions it means that the CHF is getting stonger, so I will place a Buy order on that pair. If the pair goes all the way to the bottom i will leave the Buy order to run. Once it has left the bottom and has risen by 2 positions then I close the order.

Even if you open mt4 in the middle of the week, take note of the positions of the pairs and use the same principals.

Regards
  • #150
  • Apr 11, 2011 4:14pm Apr 11, 2011 4:14pm
Thanks GVC.

M.
  • #151
  • Apr 11, 2011 5:10pm Apr 11, 2011 5:10pm
I just took a look at this MTPM good grief! There are a million variables in there!!!!

LOL!
  • #152
  • Apr 12, 2011 1:16pm Apr 12, 2011 1:16pm
Today it seems the GBP pairs are pulling out of sync with the EURUSD....
  • #153
  • Apr 12, 2011 2:47pm Apr 12, 2011 2:47pm
Yep that happens from time time.Where the pairs go out of sync. Usually due to fundamentals.

I closed my short basket yesterday at $274 profit. Reason being that the price on EURUSD was battling to close below the pivot at 1.4433 and a Doji candle on the H1. In hindsight I could have left it as it broke down through that pivot 4 candles later, then again it could have gone the other way.

Todays Long is $200 in DD. I would have closed it earlier on the 2nd Bear candle from the days high on the EURUSD (In Profit), but I was not in front of my laptop.I will leave the trade to run longer and if it breaks through the next pivot of 1.4465 then I will close in loss.

If my next trade is also a losing basket then i will switch to jumping pairs.

Regards

Regards
  • #154
  • Apr 12, 2011 4:56pm Apr 12, 2011 4:56pm
Gvc,

I appreciate your insight into the current position. I was in the hole $20 yesterday on my small account and was up at the peak of EURUSD at about $2.50 this morning, but then GY and GU pairs tumbled further and so I'm also holding at this point negative $15.

Only reason I'm holding is because the trend is still up though COULD be reversing as indies on Daily and Weekly are at extended areas...


Quoting Gvc
Yep that happens from time time.Where the pairs go out of sync. Usually due to fundamentals.

I closed my short basket yesterday at $274 profit. Reason being that the price on EURUSD was battling to close below the pivot at 1.4433 and a Doji candle on the H1. In hindsight I could have left it as it broke down through that pivot 4 candles later, then again it could have gone the other way.

Todays Long is $200 in DD. I would have closed it earlier on the 2nd Bear candle from the days high on the EURUSD (In Profit), but I was not in front of my...
  • #155
  • Apr 12, 2011 10:12pm Apr 12, 2011 10:12pm
Quoting Gvc
Yep that happens from time time.Where the pairs go out of sync. Usually due to fundamentals.

I closed my short basket yesterday at $274 profit. Reason being that the price on EURUSD was battling to close below the pivot at 1.4433 and a Doji candle on the H1. In hindsight I could have left it as it broke down through that pivot 4 candles later, then again it could have gone the other way.

Todays Long is $200 in DD. I would have closed it earlier on the 2nd Bear candle...
GVC,

Thanks for starting this thread.
I have been reading T101 thread for sometimes and still trying the "jumping" method.

Could you help to explain a bit on "Where the pairs go out of sync".
What does this "out of sync" means?

kh
  • #156
  • Apr 12, 2011 11:07pm Apr 12, 2011 11:07pm
What gvc meant about 'out of sync' had nothing to do with jumping pairs. I believe he was referring to the GBPUSD and the EURUSD not being correlated on that day when usually they are. The reason for this may be related to fundamental news being released.


Quoting mcji6kh3
GVC,

Thanks for starting this thread.
I have been reading T101 thread for sometimes and still trying the "jumping" method.

Could you help to explain a bit on "Where the pairs go out of sync".
What does this "out of sync" means?

kh
  • #157
  • Apr 13, 2011 9:29pm Apr 13, 2011 9:29pm
Quoting idash
What gvc meant about 'out of sync' had nothing to do with jumping pairs. I believe he was referring to the GBPUSD and the EURUSD not being correlated on that day when usually they are. The reason for this may be related to fundamental news being released.
ok, got it. thanks.
  • #158
  • Apr 13, 2011 10:23pm Apr 13, 2011 10:23pm
I found this indicator made by Ronald Raygun here on ff, he claims good results with it. I haven't tried it out yet, but it's used for jumping pairs. If anyone is interested in using it and show the findings, that'll be great.

Normally, I just wait for that 1 big trade a week and that's all I need. Also, I don't have time to trade jump pairs all day as I work.

I think you have to assign a colour to each currency, that part is tedious
Attached File(s)
File Type: mq4 Trader101 TradeBasket.mq4   8 KB | 720 downloads
  • #159
  • Apr 14, 2011 7:38am Apr 14, 2011 7:38am
idash, where did you find it? I don't really know how to use it.
  • #160
  • Apr 15, 2011 3:30pm Apr 15, 2011 3:30pm
I am totally flummoxed.

I had a good weeks trading. My DD of $200 went down to -$312 and then I eventually closed in profit of $250. So for the week I made +$750. I try to reflect my Live account through my Demo by taking the same trades.(Not always cause of stupid mistakes and timing, but close, and not always the same Lots)

What I noticed with my last post was that the 14 pair AI signals on my 8 Pair chart reflected the 8 pair basket before any of my other indies.
So I decided to check it out. Mathematically I can not account for it (huge headache), but the signals from the 14 pair AI i.e. Long Stong or Short Strong have giving me excellent signals on the 8 pair. I tested it on the H1 and H4 but with not too good results, so I included the D1 and what a difference to give a better signal. My last trade was taken on this and I will definitely be testing this further. On Demo of course.

Remember that the T101_Virtual.... indi reflects the candle of that TF and not e.g. 4Hr ago.

I have attached the appropriate indi.

Regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: t101 3col.gif Size: 93 KB
Click to Enlarge Name: t101 we15411.gif Size: 106 KB
Attached File(s)
File Type: mq4 T101_virtual_AI_D1_H4_H1.mq4   13 KB | 971 downloads
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