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  • #1,821
  • Jun 23, 2011 6:44am Jun 23, 2011 6:44am
Quoting docrock
Not for much though ,right?

Just trending down so hard, difficult to fight that

moving on
suppose that should be obvious, my bad again.

where are your stochs on your chart?
  • #1,822
  • Jun 23, 2011 6:50am Jun 23, 2011 6:50am
I thought you were getting the idea, now you seem to have gone backwards

Why would you enter a long EURCHF

and don't say because the 4hr stoch turned upwards, just because the long term stoch terms upwards doesn't necessarily mean the trend has changed.

for instance, if the stoch goes up by 0.00001 greater than the previous it will be classed as upwards

Be EXTREMELY careful of stoch changes especially when in extreme OB/OS conditions

make sure the stoch has changed by some distance and for a number of bars

In your conversations with P.Porter you agreed the trend was down, nothing has changed since then.

The idea with the Up/Down indication is purely for help. A computer does not care if it is 0.00001 greater than the previous or 50.00000 it classes both as UP.



Quoting deankenny21
i longed eurchf a min ago, price well below bottom tma, with 1hr and 4hr stochs showing up, is this a valid trade according to rules?
  • #1,823
  • Jun 23, 2011 6:53am Jun 23, 2011 6:53am
Quoting jmw1970
I thought you were getting the idea, now you seem to have gone backwards

Why would you enter a long EURCHF

and don't say because the 4hr stoch turned upwards, just because the long term stoch terms upwards doesn't necessarily mean the trend has changed.

for instance, if the stoch goes up by 0.00001 greater than the previous it will be classed as upwards

Be EXTREMELY careful of stoch changes especially when in extreme OB/OS conditions

make sure the stoch has changed by some distance and for a number of bars

In your conversations with...
yep huge mistake
but we or i even can take this as a positive learning curve. What i learnt is on the 5 min chart trend is clearly going down with lower highs etc so do not long even if all signals line up, am i in the ball park here?
  • #1,824
  • Jun 23, 2011 7:06am Jun 23, 2011 7:06am
This is applicable to ALL systems you try out, not just this one

just because the rules say to go long, look at what the PA is telling you

maybe in the trading systems thread we should ban the word "rules" and use "guidelines" instead

General -

Trying to catch the beginning of a trend change is extremely hard and you will be burnt 9 times out of 10
A trend once established will ALWAYS have at least one retracement where you can enter

For this method -
The thread is called retracement - if you don't have a retracement then you shouldn't be entering (and here I mean a PA retracement not the retracement finder indicator going red/blue/magenta.... whatever color)
The exception of course is with the short term band 2 band method when the market is ranging, because then it is just zig-zagging between the bands



Quoting deankenny21
yep huge mistake
but we or i even can take this as a positive learning curve. What i learnt is on the 5 min chart trend is clearly going down with lower highs etc so do not long even if all signals line up, am i in the ball park here?
  • #1,825
  • Jun 23, 2011 7:14am Jun 23, 2011 7:14am
congratulations docrock

what about 80 pips profit and this only from one pair....

the method has been really good on all pairs today (I've been having a blast with AU)

- Have no idea where Kevin is, maybe he got sick and tired of all the people coming on the thread and bashing it - without really understanding the principles behind it.

Quoting docrock
What a good morning, like shooting fish in a barrel

Hey where is fearless leader ??
  • #1,826
  • Jun 23, 2011 7:26am Jun 23, 2011 7:26am
Hi docrock well done on your pips.
Any chance of getting that indicator that shows the three different time frames on the on time frame you have there?
Cheers
  • #1,827
  • Jun 23, 2011 7:31am Jun 23, 2011 7:31am
Quoting jmw1970
congratulations docrock
Thanks John,

Good teaching today, thanks for hanging in with us and the reminders, etc

  • #1,828
  • Jun 23, 2011 7:32am Jun 23, 2011 7:32am
Quoting Finsia
Hi docrock well done on your pips.
Any chance of getting that indicator that shows the three different time frames on the on time frame you have there?
Cheers
Hi Finsia,

yes, let me look for it...
  • #1,829
  • Edited 7:43am Jun 23, 2011 7:37am | Edited 7:43am
Fin,

Got those here, these guys have some exceptional

stuff..

http://www.pipware.com/software/mini-charts.html

mom has slowed up +85, Its breakfast on Pacific coast,

see you bad boys later
  • #1,830
  • Jun 23, 2011 8:36am Jun 23, 2011 8:36am
Quoting Incanus
Hello PDean, how do you manage to set the rf bar with diferent colors if it is up or down?
I found it... post #1707 http://www.forexfactory.com/showthre...40#post4715940
  • #1,831
  • Jun 23, 2011 10:13am Jun 23, 2011 10:13am
Hi,
I have been reading and looking at the system, however, it seems to really slug my machine. Doers anyone else suffer this problem i.e. slow performance.
  • #1,832
  • Jun 23, 2011 10:28am Jun 23, 2011 10:28am
hey guys, I hope im calling this a bit better than my lasy

trend is down from what i can see on this chart, price reached and went through upper tma, price come back a bit, rf signals sell and 4hr stoch is down aswell. Am i getting better lol?

http://i52.tinypic.com/16k76lt.jpg
  • #1,833
  • Jun 23, 2011 10:36am Jun 23, 2011 10:36am
well apart from the fact that I can't tell what currency it is yes that looks to be a standard mom trade

Quoting deankenny21
hey guys, I hope im calling this a bit better than my lasy

trend is down from what i can see on this chart, price reached and went through upper tma, price come back a bit, rf signals sell and 4hr stoch is down aswell. Am i getting better lol?
  • #1,834
  • Jun 23, 2011 10:39am Jun 23, 2011 10:39am
Hi Steve

2 indicators in the standard package are performance intensive

TMA - this could be replaced with TMA True
#MT Trendline - unless you really can't see when the trend is down / up (some basic explanations a few pages back of how to do this, including asking a 5 year old) this indicator is really not necessary

Regards
John

Quoting stevecartwright
Hi,
I have been reading and looking at the system, however, it seems to really slug my machine. Doers anyone else suffer this problem i.e. slow performance.
  • #1,835
  • Jun 23, 2011 10:47am Jun 23, 2011 10:47am
Quoting jmw1970
well apart from the fact that I can't tell what currency it is yes that looks to be a standard mom trade
o whoops, sorry, its EUR GBP
  • #1,836
  • Jun 23, 2011 1:52pm Jun 23, 2011 1:52pm
Quoting stevecartwright
Hi,
I have been reading and looking at the system, however, it seems to really slug my machine. Doers anyone else suffer this problem i.e. slow performance.

Hi Steve, when that happens to me,and it does I de-frag windows and run reg tool, things seem to go back to normal then
  • #1,837
  • Jun 23, 2011 2:09pm Jun 23, 2011 2:09pm
There is a new site that looks pretty good
You sign up free, link your metatrader account and you can either copy other peoples trades or they can copy your
plus you can share and chat ideas etc

www.fxjunction.com
  • #1,838
  • Jun 23, 2011 2:32pm Jun 23, 2011 2:32pm
Quoting deankenny21
o whoops, sorry, its EUR GBP
damn it, as soon as i pick the right setup according to rules, i picked the trend change ahhhh, o well -8pips is not too bad a hit for me
  • #1,839
  • Jun 23, 2011 3:17pm Jun 23, 2011 3:17pm
Thanks for the replies. Its more likelythe indicators as my machine is reasonably tidy.

Quoting jmw1970
Hi Steve

2 indicators in the standard package are performance intensive

TMA - this could be replaced with TMA True
#MT Trendline - unless you really can't see when the trend is down / up (some basic explanations a few pages back of how to do this, including asking a 5 year old) this indicator is really not necessary

Regards
John
  • #1,840
  • Jun 23, 2011 3:29pm Jun 23, 2011 3:29pm
as that spike went across the board on all EUR crosses, I think you did well.

The trade was correct, but there must have been something released or on the news that sent the EUR shooting upwards (though I haven't seen what is was yet)

unexpected spikes happen, that is what SL's are for.


Quoting deankenny21
damn it, as soon as i pick the right setup according to rules, i picked the trend change ahhhh, o well -8pips is not too bad a hit for me
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