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Easy no stress daily charts:)

  • #41
  • Jul 4, 2011 2:21am Jul 4, 2011 2:21am
Quoting Olu
We need to put this on on our watchlist...

Olu
Olu, I don't like the JPY pairs very much, although they are sometimes trending nicely. On my back test, the USDJPY didnt do very well. Actually it did very well with hard target profit... but the risk reward ratio was negative... So what setting do you use on these pairs? Thanks!
Live it or leave it!
  • #42
  • Jul 4, 2011 6:44am Jul 4, 2011 6:44am
Quoting Slurpee
Continuation of our deleted thread... I hope we all can learn something here
Finally I found you there!
  • #43
  • Jul 4, 2011 7:23am Jul 4, 2011 7:23am
Quoting nbafx
Finally I found you there!

Good job Let's hope nobody deletes this thread...
Live it or leave it!
  • #44
  • Jul 4, 2011 9:35am Jul 4, 2011 9:35am
Quoting Slurpee
USDCHF second half closed +1

Open: EU+163, AU +228
little bit confused slurpee....in your first post i thought your TP was +170 or do I not understand correctly?

thnx
  • #45
  • Jul 4, 2011 9:36am Jul 4, 2011 9:36am
My mistake Slurpee i saw that it was allready your second half position on AU
  • #46
  • Jul 4, 2011 9:49am Jul 4, 2011 9:49am
Hey I am testing a very similar system with 5,3,3 setting though. And the rules are almost the same except that for stops I use the bar high or low where the trade gets trigerred. And my profit target is the same amount.

I buy or sell 2 pips above/below the "signal" candle. I will post a example. The red line in the example is stop loss and the green line is entry. The profit target is the same amount.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1d.JPG Size: 43 KB
  • #47
  • Jul 4, 2011 12:03pm Jul 4, 2011 12:03pm
eurchf (going up hard but still under EMA)
gbpjpy (above 60 level but still under EMA)
euraud (still under EMA)
chfjpy (going down hard,but still above EMA)

we will wait and see what happens
  • #48
  • Jul 4, 2011 3:55pm Jul 4, 2011 3:55pm
AUD/CHF is one worth adding to that list for a good looking short - next candle perhaps
  • #49
  • Edited 4:15pm Jul 4, 2011 4:12pm | Edited 4:15pm
Quoting iamboston
AUD/CHF is one worth adding to that list for a good looking short - next candle perhaps
THis is on my radar as well. Will revisit this pair again tomorrow night. Check out cadchf too...

Olu
If you think you can or cannot do it you are correct
  • #50
  • Edited 5:10am Jul 5, 2011 5:09am | Edited 5:10am
At this rate there will be too many pairs to trade...

Price under the 100sma
reversal candlestick pattern
stoch is turning (note it hasnt turned yet)
Real trend in the pair is down so it might be that we are reverting back to the true trend

Olu
Attached Image
If you think you can or cannot do it you are correct
  • #51
  • Jul 5, 2011 5:26am Jul 5, 2011 5:26am
Quoting pipexplorer1
Hey I am testing a very similar system with 5,3,3 setting though. And the rules are almost the same except that for stops I use the bar high or low where the trade gets trigerred. And my profit target is the same amount.

I buy or sell 2 pips above/below the "signal" candle. I will post a example. The red line in the example is stop loss and the green line is entry. The profit target is the same amount.
This is a good variation to the current system. Diferent entry/exits and money management but really workable. This will help shorter term traders i.e fixed exit. It will also help everyone in tthis forex climate where a 100pip profit in the morning could dissapear by the afternoon. You've taken profit and you are out before the volatility reversal begins. It is my opinion though that longer term trading wins hands down over shorter term trading over the long term. But that is a discussion for another time...

well done for telling us how you do it. Post a chart please...

Olu
If you think you can or cannot do it you are correct
  • #52
  • Jul 5, 2011 11:39am Jul 5, 2011 11:39am
Quoting Olu
At this rate there will be too many pairs to trade...

Price under the 100sma
reversal candlestick pattern
stoch is turning (note it hasnt turned yet)
Real trend in the pair is down so it might be that we are reverting back to the true trend

Olu
watch this baby go....portugal debt downgraded again
Olu
If you think you can or cannot do it you are correct
  • #53
  • Jul 5, 2011 1:27pm Jul 5, 2011 1:27pm
Quoting hollandpippin
My mistake Slurpee i saw that it was allready your second half position on AU
Yope, exactly
Live it or leave it!
  • #54
  • Jul 5, 2011 1:44pm Jul 5, 2011 1:44pm
Exists any EA for this strategy?
  • #55
  • Jul 5, 2011 2:05pm Jul 5, 2011 2:05pm
Quoting yurijap
Exists any EA for this strategy?
Why do you need an EA? It is such a simple strategy that requires only about 10minutes a night to check, setup and maintain. I dont think it is available but one could be knocked up in no time

Olu
If you think you can or cannot do it you are correct
  • #56
  • Jul 5, 2011 2:21pm Jul 5, 2011 2:21pm
My candles have closed for the day.
the chf crosses are about to signal a sell. I said about because we have stoch crosses down on the eurchf etc but the crosses are above 80 and the system whose name we cant mention says that in this instance entry is when the stoch moves below 80.

Do other traders have a confirmed signal i.e because of different candle close times?

Olu
If you think you can or cannot do it you are correct
  • #57
  • Jul 5, 2011 2:58pm Jul 5, 2011 2:58pm
Quoting Olu
My candles have closed for the day.
the chf crosses are about to signal a sell. I said about because we have stoch crosses down on the eurchf etc but the crosses are above 80 and the system whose name we cant mention says that in this instance entry is when the stoch moves below 80.

Do other traders have a confirmed signal i.e because of different candle close times?

Olu
I'm on GMT+3 (FXOPEN) and have good crosses on GBPCHF and USDCHF. I took the GBPCHF Trade.... My EURCHF is below 80 but I'm passing on the trade.. Portugal brought the Euro down but the rate decision on Thursday might bring it back up....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf 5 july.gif Size: 34 KB
  • #58
  • Jul 5, 2011 3:00pm Jul 5, 2011 3:00pm
The cross took place above 80 but the stock line itself is below 80
Regards
  • #59
  • Edited 3:07pm Jul 5, 2011 3:06pm | Edited 3:07pm
Quoting DaTrader
I'm on GMT+3 (FXOPEN) and have good crosses on GBPCHF and USDCHF. I took the GBPCHF Trade.... My EURCHF is below 80 but I'm passing on the trade.. Portugal brought the Euro down but the rate decision on Thursday might bring it back up....
I do see a cross on the gbpchf...

Worth trading...

Olu
Attached Image
If you think you can or cannot do it you are correct
  • #60
  • Jul 5, 2011 3:32pm Jul 5, 2011 3:32pm
thot levels shd be 60, 40 from the 1st post/?
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