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  • #301
  • Jun 10, 2011 11:37am Jun 10, 2011 11:37am
My GU trade from the AM session.

153 pips from GU from today
6 pips on EJ

159 total for the day.

good stuff kevinator!

I think I will try to add EU next week and see if I can manage GU and EU together. Then add pairs over time as I get comfortable managing the charts. 5 minute charts not that fast, but making me realize how slow I am.
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.gif Size: 16 KB
  • #302
  • Jun 10, 2011 11:38am Jun 10, 2011 11:38am
We are going from reading at a regular speed to speed reading a thousand page book in two hours.

This is a exercise in processing chart information.If you continue you will learn to speed read in a relatively short amount of time.This means more charts scanned and more trade opportunities presented and more pips made.
  • #303
  • Jun 10, 2011 11:40am Jun 10, 2011 11:40am
Quoting RibLips
My GU trade from the AM session.

153 pips from GU from today
6 pips on EJ

159 total for the day.
  • #304
  • Jun 10, 2011 11:41am Jun 10, 2011 11:41am
Quoting RibLips
My GU trade from the AM session.

153 pips from GU from today
6 pips on EJ

159 total for the day.

good stuff kevinator!
Great job!!,

Now get 200 monday
  • #305
  • Jun 10, 2011 12:16pm Jun 10, 2011 12:16pm
Quoting kevinator
Thats right....

I am glad you cleared that up.I do not trade on the close of the bar.That is a lated entry.I dont use the alert either.If you want to be successful you must take this stuff seriously and scan the market and begin to anticipate trades.

At the most you will get all the profit you want in a day.At the least a lot of real world trading experience.You will learn to really get engaged and trade on another level.

As far as I am concerned everyone tradiing on this thread will eventually be in the top 5% that will survive year after...
I think he used the TMA bounce after confirmation from the Stochastic Step.
With God all things are possible.
  • #306
  • Jun 10, 2011 12:41pm Jun 10, 2011 12:41pm
ok first red line is my first entry for +103 pips

second and third red lines are very low probabilty during diluted time zone friday afternoon, just to see lost both for -9 and -10 no big deal was also against the stoch its fine.

4th line short against stoch with RF currently +14.

Just doing some stress testing of this system really like it so far! thanks Kevinator.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp5m.jpg Size: 219 KB
  • #307
  • Jun 10, 2011 12:50pm Jun 10, 2011 12:50pm
All 4th and last short GBPUSD trade now at break even, still fluctuating between +10 and +20. I consider BE a win so past 24 hours 2 winners 2 losers.

What will kill you in any system is if the market chops around for a whole week and finally developes a trend say thursday or Friday your account will get devastated by taking the signals prior to a trend developing like we are seeing now.

The drawdown will come when the market starts chopping again so keep the losses small and let winners develope as far as possible. you never know when the market will go back into hibernation. I have noticed when the market doesnt move there is usually an economic event big banks are waiting on then movement will start this isnt all the time but something to watch. try to limit the number of losers with any system. 10 to 20 losers in a row is very possible and what has killed me so many times after making great gains like today.

Just some thoughts.

Thanks all.
  • #308
  • Jun 10, 2011 1:09pm Jun 10, 2011 1:09pm
Thanks Rebel!
  • #309
  • Jun 10, 2011 1:45pm Jun 10, 2011 1:45pm
Quoting enoc2g
All 4th and last short GBPUSD trade now at break even, still fluctuating between +10 and +20. I consider BE a win so past 24 hours 2 winners 2 losers.

What will kill you in any system is if the market chops around for a whole week and finally developes a trend say thursday or Friday your account will get devastated by taking the signals prior to a trend developing like we are seeing now.

The drawdown will come when the market starts chopping again so keep the losses small and let winners develope as far as possible. you never know when the market...
I would agree with you if this was a trend following system, but its not. If it was I would have just put sells in on GU today but I haven't. Going by the different rules I have put in, in order, Sell, Buy, Buy, Sell, Buy. All with 15 pip stop loss and going for at least 1:1 on each but actually made a lot more than that. Thats on a live account (I don't stay on demo long) 2 of which I took 50 pips each on but could have got more, no breakevens and no losses. I also trade EU AU and EJ.
  • #310
  • Jun 10, 2011 2:33pm Jun 10, 2011 2:33pm
ok then can this be used for trend trading and counter trend?
  • #311
  • Jun 10, 2011 3:16pm Jun 10, 2011 3:16pm
Quoting enoc2g
ok then can this be used for trend trading and counter trend?
Thats what I've been doing all day on all the currencies, obviously I haven't gone for so many pips counter trend but I've had 1:1 at least on all of them. I don't like moving to breakeven anymore as I find it mucks up the money management, I either win or lose I prefer that.
  • #312
  • Jun 10, 2011 3:21pm Jun 10, 2011 3:21pm
Thanks that what i though as well, +15 still short taking it into the close for sunday for sunday open.
  • #313
  • Jun 10, 2011 6:59pm Jun 10, 2011 6:59pm
Do you guys trade the news?
With God all things are possible.
  • #314
  • Jun 10, 2011 8:57pm Jun 10, 2011 8:57pm
[quote=P.Dean;4681778]My friend..

if you try to fix the repaint of the 1hr stoach, you will not get the early entry, which is the corner stone of this system...
if you replace the 1hr stoach.. i will assure, you will end up with -200 a day instead of +200 a day.. 1hr stoach filters a lot of premature signals.. just enough and if one tries to flirt with it and filter more, than it means missing a lot of good early opportunities or entry in the later stage of the swing/run which would damage the hit ratio.. [quote]

Thanks! Thanks to Ohammond too! And to Kevin for the system
  • #315
  • Jun 10, 2011 10:51pm Jun 10, 2011 10:51pm
Does anyone have the retracement indicator that paints the magenta bars after you load it? I've attached two different ones and each time I load them on my charts, the magenta bars don't appear.
  • #316
  • Jun 11, 2011 12:08am Jun 11, 2011 12:08am
Quoting BJ1
Does anyone have the retracement indicator that paints the magenta bars after you load it? I've attached two different ones and each time I load them on my charts, the magenta bars don't appear.
This is the one I have but it doesn't really matter, its just the first up bar or down bar in the sequence.
Attached File(s)
File Type: mq4 1-Retracement Finder1.mq4   5 KB | 404 downloads
  • #317
  • Jun 11, 2011 2:11am Jun 11, 2011 2:11am
Hi,
Been following this thread for a couple of days. Must thank kevinator for this simple effective system. Can a candle clock be added to show when the close of hour will happen. Anyone has a good indicator to point this. The colour stocastic which shows the steps in colour is a good indicator it would be great if it had an alert when there is change in direction. Keep it going.
Nobody ever went broke taking profits.
  • #318
  • Jun 11, 2011 3:51am Jun 11, 2011 3:51am
@kevinator

maybe it is better to put my modified version at page 1 to avoid confusion with the new readers?

some here said to trade both EU and GU. you know that this pairs move the most time in the same direction because of correlation. so ask youself. why to double your risk?

why not trade only EU. the same goes for USDCHF and the other correlated pairs. i advice for newbies to concentrade only on one pair EURUSD.

regards

Mediator
  • #319
  • Jun 11, 2011 5:05am Jun 11, 2011 5:05am
Mediator..

my dear friend i got a request... see if it possible..

on the Retrace Finder indi you were kind enough to add the alert... now.. can you set this in a way to only alarm when the RF bar is inline with the 1hr stoach steps?... I know it asking a lot and not sure if its doable.. but if its possible it will be great as it will make a automatic filtering and not sound alarm on any RF bar.. less noise when we do constant scanning.

Thank for your effort already.


Dean
  • #320
  • Jun 11, 2011 6:34am Jun 11, 2011 6:34am
Quoting P.Dean
Mediator..

my dear friend i got a request... see if it possible..

on the Retrace Finder indi you were kind enough to add the alert... now.. can you set this in a way to only alarm when the RF bar is inline with the 1hr stoach steps?... I know it asking a lot and not sure if its doable.. but if its possible it will be great as it will make a automatic filtering and not sound alarm on any RF bar.. less noise when we do constant scanning.

Thank for your effort already.


Dean
not easier than this.

Set UseStochFilter to true and only alarm will ring if RF is inline with stoch, but..

If you set StochShift to 0(zero) it compares the actuall Stochvalue with the last closed stochvalue
if you set StochShift to 1 it compares the last closed Stochvalue with the Stochvalue one hour before (hope you understand)

cheers

Mediator
Attached File(s)
File Type: mq4 1-Retracement Finder1.mq4   6 KB | 520 downloads
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