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  • #1,901
  • Jul 5, 2011 7:14am Jul 5, 2011 7:14am
Quoting hamad9
Guys how about eur/gbp ?

GBP Services PMI UP
Euro Retails sales down

Is this valid setup ?
TP hit @ 20 pips ... 60 usd not bad.

happy trading.
  • #1,902
  • Jul 5, 2011 7:18am Jul 5, 2011 7:18am
Quoting mfinab
Hi Guys,

AUD USD

Have a good day
Mfinab,
http://mfinab.dyndns.org:8000/20110705-i6y-133kb.jpg
Here is an update on AUD USD
http://mfinab.dyndns.org:8000/20110705-6jx-147kb.jpg
  • #1,903
  • Jul 5, 2011 7:18am Jul 5, 2011 7:18am
Quoting mfinab
Triggered, Let see .... .
well do follow the system .... i had a very bad day today with aud usd because at the release of aussie trade balance i bought aud usd with 0.40 mini lots which is equal to 4 usd per pip and i lost 120 usd all because i was only doing fundamentals and i was not following the system.... anyhow it happens.

Happy Trading.
  • #1,904
  • Jul 5, 2011 9:24am Jul 5, 2011 9:24am
Hello Dan.
If you need to use "pre-set TSL" or even move your SL's and not be in front of your comp. here is a suggestion - VPS (Virtual Private Server).
You can have all running on VPS and use your machine just for entries etc. It is actually always good idea to have "back up" access to your account such as VPS. Disadvantage is - VPS is not free and will cost you some $. At least I do not know about any VPS that would be for free.
Just a thought.
Pavel

Quoting danbuttigieg
Anyone keeping his / her eye on this potential break of the 50EMA?

Unusually low # of news events today.... what's happening?

On a separate note, I recently asked why sometimes my trialing stop loss is not working. Silly answer actually: The terminal needs to be turned on as this feature can only work (and is readjusted) by your FX terminal (and not at a server level as I thought)

How do you control (and move) your stop losses if you're not infront of your terminals? Do you do this remotely?
  • #1,905
  • Jul 5, 2011 9:52am Jul 5, 2011 9:52am
Loving this system, thanks for sharing it. I am looking at Eur/Jpy right now, looks like a cross is coming. Any thoughts, angle is not looking strong to me.
  • #1,906
  • Jul 5, 2011 10:07am Jul 5, 2011 10:07am
eurusd short entry on 15m
  • #1,907
  • Jul 5, 2011 11:07am Jul 5, 2011 11:07am
eurusd short entry on 15m, exit +0, earlier eurusd short entry, closed 1/4 +70.
  • #1,908
  • Jul 5, 2011 11:56am Jul 5, 2011 11:56am
gbpusd short in 30 M
  • #1,909
  • Jul 5, 2011 12:02pm Jul 5, 2011 12:02pm
Quoting mfinab
Triggered, Let see .... .
The pair was too much rangy at the time I took that trade. I closed the trade with a little lost but that was my fault.

Mfinab
  • #1,910
  • Jul 5, 2011 12:07pm Jul 5, 2011 12:07pm
Quoting Thu
gbpusd short in 30 M
Hi Thu,

Pending sell order set on GBP USD Here too on 30m chart

Mfinab,

http://mfinab.dyndns.org:8000/20110705-974-196kb.jpg
  • #1,911
  • Jul 5, 2011 12:47pm Jul 5, 2011 12:47pm
Quoting paul56
Hello Dan.
If you need to use "pre-set TSL" or even move your SL's and not be in front of your comp. here is a suggestion - VPS (Virtual Private Server).
You can have all running on VPS and use your machine just for entries etc. It is actually always good idea to have "back up" access to your account such as VPS. Disadvantage is - VPS is not free and will cost you some $. At least I do not know about any VPS that would be for free.
Just a thought.
Pavel
Thanks Pavel...well there's always the option of using s/ware such as Logmein or Teamviewer, but that would get you checking your trades every 5 mins .... so I'm leaving it on for the time being until I find it melted ...
  • #1,912
  • Jul 5, 2011 1:29pm Jul 5, 2011 1:29pm
Not the same friend. Those things you mentioned are 100% useless for purpose of running your trading. VPS is totally different thing. Just so you know - you can run all your trading off the VPS and not even own a computer or having your own internet (theoretically) but it would be somewhat impractical. Anyway I just wanted to make sure you understand what VPS is.
Pavel

Quoting danbuttigieg
Thanks Pavel...well there's always the option of using s/ware such as Logmein or Teamviewer, but that would get you checking your trades every 5 mins .... so I'm leaving it on for the time being until I find it melted ...
  • #1,913
  • Jul 5, 2011 2:26pm Jul 5, 2011 2:26pm
What's up ladies and gents. Two reasons I'm posting right now. This method coincides with what I've used for years directly. Secondly, I've always been an advocate for higher timeframe trading until recently. I'll keep this short and sweet.

I'd like to pose a challenge to everybody that reads this to do some testing on the 4 hour timeframe. Go back through charts and print them out or test it real time for a year or so. The one hour timeframe for this method is primo stuff and profitable, so I'm not saying to test this and ditch the hourly. The hourly timeframe WILL make you money if you know how to work it (Screen time is the only way to learn how to work it). After the work I've put in with the 4 hour timeframe, I've found it to have an even higher hit rate. The only 2 rules? ALWAYS wait for the break of the trigger bar. Secondly, get to B/E quickly. Wow, that's exactly what Colostarr said eh? lol Funny how that happens. Try it out, see if it goes in line with YOUR trading style and use it if the end result that you've found comes out profitable.

Have a good one ladies and gents.
I dream, therefore I become.
  • #1,914
  • Jul 5, 2011 3:56pm Jul 5, 2011 3:56pm
Hi everybody,

EURUSD has just close below the BL on the 4hr chart and has broken recent support.It looks good to me to set up a short stop order at the low of this candle.
What does everyone think?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 46 KB
  • #1,915
  • Jul 5, 2011 7:37pm Jul 5, 2011 7:37pm
Hello Mike W.
Thank you for your post. I was wondering if you could elaborate a bit more on techniques (your experience) of entering trades on 4H. For instance you wrote "(quote): ALWAYS wait for the break of the trigger bar". Well that is already in rules for this system on pg.1 by Colostarr. I am almost sure that you meant to say to wait for "brake of trigger bar through the BB Line" and CLOSE there as well. Then and only then place the Pending Order. Correct? Or do you have better approach?
What is (in your experience) the best way to deal with entering trade on 4H TF? It could be in my opinion somewhat problematic / tricky from time to time. I agree that if one wants to do this one must spend some time in front of the charts... no way around that.
I certainly would appreciate if you could disclose a bit more of your experiences. And I am sure others would as well.
Thank you Mike.
Pavel.

Quoting mike w
What's up ladies and gents. Two reasons I'm posting right now. This method coincides with what I've used for years directly. Secondly, I've always been an advocate for higher timeframe trading until recently. I'll keep this short and sweet.

I'd like to pose a challenge to everybody that reads this to do some testing on the 4 hour timeframe. Go back through charts and print them out or test it real time for a year or so. The one hour timeframe for this method is primo stuff and profitable, so I'm not saying to test this and ditch the hourly....
  • #1,916
  • Jul 5, 2011 9:24pm Jul 5, 2011 9:24pm
Quoting mike w
What's up ladies and gents. Two reasons I'm posting right now. This method coincides with what I've used for years directly. Secondly, I've always been an advocate for higher timeframe trading until recently. I'll keep this short and sweet.

I'd like to pose a challenge to everybody that reads this to do some testing on the 4 hour timeframe. Go back through charts and print them out or test it real time for a year or so. The one hour timeframe for this method is primo stuff and profitable, so I'm not saying to test this and ditch the hourly. The...
Reminders are always great. It seems like when we don't practice certain habits, we lose them or we forget about them. What you said is exactly what we suppose to be doing, and if we do it that way, believe me, we all will have a chance to make money with this discipline. The discipline to wait for the breakout candle and when you get some profit to move SL to BE, and when you make enough profit, to lack it in and continue to use trailing stop manually as colo mentioned and not auto.

Thanks for your post, it is very interesting!

Happy trading
  • #1,917
  • Jul 6, 2011 2:26am Jul 6, 2011 2:26am
eurusd short entry on 15m.
  • #1,918
  • Jul 6, 2011 2:28am Jul 6, 2011 2:28am
nzdusd short entry in 1 H timeframe
  • #1,919
  • Jul 6, 2011 2:43am Jul 6, 2011 2:43am
Quoting Thu
nzdusd short entry in 1 H timeframe
Moving too quick.Im going to let it go.
  • #1,920
  • Jul 6, 2011 3:02am Jul 6, 2011 3:02am
nzdusd trailing stop get me out. + 17
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