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  • #1,641
  • Jun 22, 2011 1:10am Jun 22, 2011 1:10am
Quoting pedross
Which is exactly what I have done guys, I've moved on, taken what I needed, remedied the major flaw which was the stepping stochs, and done some subtle mods.

(It is impossible to back test this without using TMA true, and even then the stochs are unreadable. If I cannot backtest before forward testing then my time has been wasted)

My method is now working well for me, although it's early days yet...

TP is also far more modest

Pete
Hi,

So what have you modified to make this thing works? Care to share?

Harry
  • #1,642
  • Edited 2:20am Jun 22, 2011 2:08am | Edited 2:20am
good morning everyone..

e/u.. g/u .. e/j Live at the moment..

all three are based on 4hr stepping down from OB
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  • #1,643
  • Jun 22, 2011 2:14am Jun 22, 2011 2:14am
Quoting P.Dean
good morning everyone..

e/u.. g/u .. e/j Live at the moment..

all three are based on 4hr stepping down from OB
Pip Pip Hooray! Very nice method indeed
  • #1,644
  • Jun 22, 2011 2:19am Jun 22, 2011 2:19am
out at the touch of the lower band for +14..


edit... lowered the risk to 5pips on the other two.. with not much at stake and some money in the bank i sit to see if these to make a move to the lower band too..


2nd edit... sl hit on e/u and e/j for -5 each..
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  • #1,645
  • Jun 22, 2011 2:26am Jun 22, 2011 2:26am
Quoting pedross
Which is exactly what I have done guys, I've moved on, taken what I needed, remedied the major flaw which was the stepping stochs, and done some subtle mods.
My method is now working well for me, although it's early days yet...
Pete
Would very much like to know how you are using it.
Nobody ever went broke taking profits.
  • #1,646
  • Jun 22, 2011 2:41am Jun 22, 2011 2:41am
Nice short trade on the EURUSD at a supply level
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  • #1,647
  • Jun 22, 2011 2:42am Jun 22, 2011 2:42am
Cad is setting up for a long
  • #1,648
  • Jun 22, 2011 2:50am Jun 22, 2011 2:50am
ok.. same as the last two days market still got no juice..
as long as it stays in the range mood (50-80 range) I will ping pong its ass all day long... so bands ob/os plays key roll.. making sure it does show obvious ob/os than one of the stoachs to match till hopefully on one of these shots we get band crush..
if trade goes against me right away.. well hard sl could be hit...
if trade goes against no so right away i look to lower the risk (like what I did on e/u and e/j trade earlier) and see if it gets to the target..

so a little inside of what i will do for now..
  • #1,649
  • Jun 22, 2011 2:55am Jun 22, 2011 2:55am
Quoting happyhappy
Nice short trade on the EURUSD at a supply level
good reco... all you gotta do now is to trade it.. lol

cad.. i stay away from it since its super range inside narrow band (30pips range)..

welcome to the thread.
  • #1,650
  • Jun 22, 2011 3:05am Jun 22, 2011 3:05am
Quoting P.Dean
welcome to the thread.
thanks! I've been wanting a dynamite short term method to compliment my reading of price action on the higher timeframes. This is it.

Huge thanks to Kevinator!

ps. I took the cad long and euro short
  • #1,651
  • Jun 22, 2011 3:10am Jun 22, 2011 3:10am
Quoting happyhappy
thanks! I've been wanting a dynamite short term method to compliment my reading of price action on the higher timeframes. This is it.

Huge thanks to Kevinator!

ps. I took the cad long and euro short
good job happy.. i hope it works out well for you in your trading package..


just notice that, this thread is SHOW first and then TELL.. lol... we live trade everything in here brother... chart display of trade execution..
  • #1,652
  • Jun 22, 2011 3:14am Jun 22, 2011 3:14am
Quoting P.Dean
ok.. same as the last two days market still got no juice..
as long as it stays in the range mood (50-80 range) I will ping pong its ass all day long... so bands ob/os plays key roll.. making sure it does show obvious ob/os than one of the stoachs to match till hopefully on one of these shots we get band crush..
if trade goes against me right away.. well hard sl could be hit...
if trade goes against no so right away i look to lower the risk (like what I did on e/u and e/j trade earlier) and see if it gets to the target..

so a little inside...
Thanks for all your posting. Just remember that in less than 8 hours is the FOMC announcement. It may be a good night to take off.
  • #1,653
  • Jun 22, 2011 3:22am Jun 22, 2011 3:22am
Quoting P.Dean

just notice that, this thread is SHOW first and then TELL.. lol... we live trade everything in here brother... chart display of trade execution..
I'll keep that in mind for next time I'm running a grid ea on the same account so lots of lines on the chart... looks a little scary with that scare bar but I still have faith
  • #1,654
  • Jun 22, 2011 3:26am Jun 22, 2011 3:26am
Quoting alllivemind
Thanks for all your posting. Just remember that in less than 8 hours is the FOMC announcement. It may be a good night to take off.

I am aware of that.. and historically prior to this announcement market goes to sleep.. so thank you.

but I always give it a go in the begining of the european session just incase to not miss anything..
secondly.. i like to put myself up to challenge on such days to sharpen up my skill... as to being sharp on much timelier entry and exit based on the day at hand... to succeed in this market you atta see and trade all it's form and shape so you never find yourself off guard..

that's the approach here today..
  • #1,655
  • Jun 22, 2011 3:37am Jun 22, 2011 3:37am
Quoting P.Dean
I am aware of that.. and historically prior to this announcement market goes to sleep.. so thank you.

but I always give it a go in the begining of the european session just incase to not miss anything..
secondly.. i like to put myself up to challenge on such days to sharpen up my skill... as to being sharp on much timelier entry and exit based on the day at hand... to succeed in this market you atta see and trade all it's form and shape so you never find yourself off guard..

that's the approach here today..
I hear ya Bro! I'll check in when I get up after 9am Phoenix time!
  • #1,656
  • Jun 22, 2011 3:37am Jun 22, 2011 3:37am
guys... since the market is slow and we all here anyways... lol... if your all up to it let's do a little exercise which I think is vitaly important one.. and that is.. the SCANNING part of this system..
as you know we get a lot of signals, the alert sound goes off often.. but not all signals are valid, so the part of the success lies in the scanning..

now let's take today's signals from European open up to now and tell us how you scanned it or how you saw which is valid... I know its hindsight but hey it won't hurt..

on the next post I go first to tell why i reject and accept the days signal so far..
  • #1,657
  • Jun 22, 2011 3:42am Jun 22, 2011 3:42am
Quoting P.Dean
guys... since the market is slow and we all here anyways... lol... if your all up to it let's do a little exercise which I think is vitaly important one.. and that is.. the SCANNING part of this system..
as you know we get a lot of signals, the alert sound goes off often.. but not all signals are valid, so the part of the success lies in the scanning..

now let's take today's signals from European open up to now and tell us how you scanned it or how you saw which is valid... I know its hindsight but hey it won't hurt..

on the next post I...
OK, I wish I had taken this one! 2 step downs on the 4 hr and then got overbought. But I was gun shy after several losses!
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  • #1,658
  • Jun 22, 2011 3:51am Jun 22, 2011 3:51am
Quoting P.Dean

now let's take today's signals from European open up to now and tell us how you scanned it or how you saw which is valid...
I recommend to look at the principals introduced in this thread http://www.forexfactory.com/showthread.php?t=255586 and add for jedi warrior results
  • #1,659
  • Jun 22, 2011 4:01am Jun 22, 2011 4:01am
e/u.. so far 2 signals... I took the first one which I live played lost -5.. and there was 2nd one which was the re-entry on upper band again.. I rejected due to low movement and I already had taken shot on that direction

g/u.. one signal.. i took it from the OB with 4hr inline and got +14 at the touch of lower band (which has repaint now).. but looks like now its a major runner and its the only pair living in it's own world... lol

e/j... two signal... i took the first one short from OB 4hr inline.. run into a middle band bump and i my sl was hit by half pip for -5... I should have banked positive on that... second signal was long but rf bar closed at the middle band and I rejected due to not enough potential gain considering the band exiting..

a/u..one signal for short from ob band.. i rejected since i was on 3 other trade for the same direction but the signal was valid and its doing sideways since..

cad... one signal for long os band.. i rejected due to being super (27 pips total movement since open) range inside a very narrow band (10 pips wide).. need to see more to even play ping pong..

u/c... there may have been couple of signals.. but the pair is too range 25pips movement overall no potential gain inside the band to play..

e/c.. two signals.. first one short off the os band 4hr inline at the edge of london open.. i simply missed it.. valid and profitable one... second signal for long of os band 1hr inline.. I rejected since the RF bar took off although way to the other side of the band.. too bad bcz i was gunning for that big time..

e/g... one signal 5min before European open.. which at the time the pair was supper range inside a narrow band which i would have at the time rejected big time.. but it has took off and now we can look for MOM on that..


that's it.. these are the 8 pair that I watch dog.. lol

your turn..
  • #1,660
  • Jun 22, 2011 4:03am Jun 22, 2011 4:03am
Quoting alllivemind
OK, I wish I had taken this one! 2 step downs on the 4 hr and then got overbought. But I was gun shy after several losses!
if you had taken this.. you think you would have stayed in it for the second burst up to now??? .. lol

don't think hindsight.. that's markets evil-ish secret..
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