1 min +5.9
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- #121
- May 25, 2011 10:02am May 25, 2011 10:02am
- Joined Mar 2009 | Status: Just visiting | 12,891 Posts
- #122
- May 25, 2011 10:03am May 25, 2011 10:03am
- Joined Jul 2010 | Status: Determined | 5,346 Posts
My signature is: "Classified".
- #123
- May 25, 2011 10:13am May 25, 2011 10:13am
- Joined Mar 2009 | Status: Just visiting | 12,891 Posts
First of all my compliments, you seem to really nail the market here
About your mm: why don't use more than those lots? Your biggest losses seem to be just 10/15 pips, with such losses you can afford to take bigger lots and still risk relativly low % of your account.
About the trategy: I can't seem to find exactly what your doing here, but whatching your screenshots i think your watching for a divergence on the faster MACD, then waiting for a cross on the slower MACD, then take the trade. Right? And you set tp & sl, both never gets hit, so...
I suppose I could do more than .01/$100 but I'm not in a hurry.
It will build and there is exponential growth. There's enough stress in just trying to get the trade right without putting extra stress by worrying about potential loss.
The less stress the better.
You've got the strategy right. Very very simple. Just a 1 - 2 punch.
sl and tp are set just in case the site goes down, or mt4 goes off line for whatever reason or something like that. In case I can't access the trade. Power outage???
If I can catch 5 pips I'm happy. It's the 1 minute chart. If I can catch 5 pips I can comeback in a couple of minutes and catch another 5 pips.
Swing trade.
drawdown is minimal. And I'm not just sitting in a trade waiting for something to happen. The longer I am in a trade the more possibility there is for risk.
- #124
- May 25, 2011 10:21am May 25, 2011 10:21am
hi,
I suppose I could do more than .01/$100 but I'm not in a hurry.
..
Again, just trying to understand you here, cause your on fire
- #125
- May 25, 2011 10:33am May 25, 2011 10:33am
- Joined Mar 2009 | Status: Just visiting | 12,891 Posts
- #127
- May 25, 2011 10:49am May 25, 2011 10:49am
- Joined Mar 2009 | Status: Just visiting | 12,891 Posts
Thank you very much for that. But i still don't quite get how you determine the exact moment you enter a trade. For example the pic you just posted, why do you enter there and not for example a couple of bars back (where there already was a 2 bar retracement)? At that moment there already was a divergence and the slow MACD already crossed.
Again, just trying to understand you here, cause your on fire
Usually the entry is when the 12,24,9 zerolag crosses and the candle closes. And the trade would have been just fine if that was done.
But sometimes as in this case, the candles were approaching a strong area of resistance. Just from experience, I've been trading this template forever, I see that candles will go to support or resistance if they are close to support or resistance. In this case I use the wood pivots. So I didn't want to enter the trade short if the resistance had not quite been reached yet. I waited until the candles reached the resistance and reversed.
The basic strategy is very simple. the 1 - 2 punch. Even without any fancy subtlies it can be traded successfully.
There are subtle situations that I can't give cut and dry formulas for. Just from experience there are probably 100's of little hints and clues that may tell me not to enter a trade just yet. As I say I have been trading for several years. This stuff is learned over time by practicing.
The only way I know for someone else to learn these things is that they put time into following the charts and experimenting for themselves. Then some of the subtle aspects will reveal themselves.
The basic strategy is good.
even without the subtle aspects it can be traded successfully.
Individual traders will find their own nuances.
Anyway that's the best I can do with that.
Practice practice practice.
Anyway that particular trade was a little atypical. Some of the other screenshots should be clearer for entry.
- #128
- May 25, 2011 10:59am May 25, 2011 10:59am
- Joined Mar 2009 | Status: Just visiting | 12,891 Posts
- #129
- May 25, 2011 11:04am May 25, 2011 11:04am
- Joined Mar 2009 | Status: Just visiting | 12,891 Posts
- #130
- May 25, 2011 11:55am May 25, 2011 11:55am
Thanks a lot for the explanations. The setup was indeed on EURUSD at 15:13 GMT. No news as far as i know, the trade just was a short retracement, after that eurusd went up again. After +/- 25 pip drawdown it went back to the entry price, but i guess that's way to much for the kinds of profit you take with this system, as far as i've seen you won't let is go like 15 pips against you?
Just on demo btw, trying to do some practice
Will try a couple of trades more & start some practicing. Since you have been trading it for a longer period, what would be your average win rate and R:R?
Again, thanks so far, curious to see if i can get some winners here!
Just on demo btw, trying to do some practice
Will try a couple of trades more & start some practicing. Since you have been trading it for a longer period, what would be your average win rate and R:R?
Again, thanks so far, curious to see if i can get some winners here!
- #131
- Edited 2:12pm May 25, 2011 12:53pm | Edited 2:12pm
- Joined Mar 2009 | Status: Just visiting | 12,891 Posts
Thanks a lot for the explanations. The setup was indeed on EURUSD at 15:13 GMT. No news as far as i know, the trade just was a short retracement, after that eurusd went up again. After +/- 25 pip drawdown it went back to the entry price, but i guess that's way to much for the kinds of profit you take with this system, as far as i've seen you won't let is go like 15 pips against you?
Just on demo btw, trying to do some practice
Will try a couple of trades more & start some practicing. Since you have been trading it for a longer period, what...
Even with the owie, ended up around +60 pips... for the day.
It's gonna happen. The idea is to minimize the losses. Filter out as many bad entries as possible. For the 1 min chart 5 or 10 pips is very respectable. I'll take +3 rather than risk a loser. I can always get back in.
Have just started trading this particular strategy right around starting the thread.
win rate for last 3 days looks like 89.5%
good luck with it. Keep us posted.
- #133
- May 25, 2011 5:26pm May 25, 2011 5:26pm
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Let's keep this dedicated to zerolag divergence...
staying focused is important to me. I get easily distracted. this strategy is good so I don't want to get off track, which is really really easy for me to do...
With the world economy in turmoil and geopolitical unrest everywhere, coming hyperinflation certain I feel the pressure to get my trading to another level....
Hero calls followed by margin calls...
- #138
- May 25, 2011 11:07pm May 25, 2011 11:07pm
- Joined Mar 2009 | Status: Just visiting | 12,891 Posts
I havn't had much time to do look at this, but having had a quick look at a fairly rangy EURUSD day like today (daily inside bar), using the long zerolag MACD at the extremes of the indicator, with common sence PA triggers, seems to generally generate good signals with maybe one or two false signals needing a fairly easy PA SL to escape with low losses.
Not that I have given any numbers, charts or evedance to support my statement above, but with this is not yet taking into account divergence, so I recon jiva could have a winner. Time will tell.
I...
- #139
- May 25, 2011 11:11pm May 25, 2011 11:11pm
- Joined Mar 2009 | Status: Just visiting | 12,891 Posts
- #140
- May 25, 2011 11:21pm May 25, 2011 11:21pm
- Joined Mar 2009 | Status: Just visiting | 12,891 Posts
EURUSD, M5, 2011 Mai 25
divergence there on both 5,10,5 and 12,24,9..
looks like you've got it.
don't get bored. If we just keep doing the same thing over and over and over again... we will build an account.
Just keep ringing the register...
I spend time on http://www.forexfactory.com/showthre...57#post4639357
and research topics on youtube... etc. in between set ups...