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Attachments: Easy no stress daily charts:)
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Easy no stress daily charts:)

  • #101
  • Jul 13, 2011 1:47am Jul 13, 2011 1:47am
Nice trading Slurpee, and thanks for the explanation of your 2nd exit - I am still a little undecided about this aspect.

Waiting for the stochs to cross again now
  • #102
  • Jul 13, 2011 3:34am Jul 13, 2011 3:34am
hello slurpee!
why is used with stochastik 40-60 widths, with original these were 20-80.
What is better with yours system?
thank you
steve
  • #103
  • Jul 13, 2011 4:51am Jul 13, 2011 4:51am
Quoting jimmc
Nice trading Slurpee, and thanks for the explanation of your 2nd exit - I am still a little undecided about this aspect.

Waiting for the stochs to cross again now
I tried different ways of closing the trades in my backtesting and the best for these pairs was this (1st half SL=TP, 2nd half = let it go not until the cross (it can sometimes turn around and continue in its direction) but wait for the price to show that this is a serious correction. Sometimes you get less pips but sometimes much more than when you would exit at the first cross).

Yeas... stoch will cross again and we can ride it again
Live it or leave it!
  • #104
  • Jul 13, 2011 4:52am Jul 13, 2011 4:52am
Quoting stevebalmmer
hello slurpee!
why is used with stochastik 40-60 widths, with original these were 20-80.
What is better with yours system?
thank you
steve
Hi Steve!

I use these levels only for exits, not for entries... and I tried in my back test to exit at 80 and 20 levels but it was most of the time too early...
Live it or leave it!
  • #105
  • Jul 13, 2011 4:54am Jul 13, 2011 4:54am
My SL got hit so I am +1 on this one... waiting for the pullback to get a little higher and then if the conditions are met we can go short again
Live it or leave it!
  • #106
  • Jul 13, 2011 9:19am Jul 13, 2011 9:19am
This pair is getting ready to give a long signal. Do we all see this?

Olu
If you think you can or cannot do it you are correct
  • #107
  • Jul 13, 2011 9:25am Jul 13, 2011 9:25am
Quoting Olu
This pair is getting ready to give a long signal. Do we all see this?

Olu
Yes I think we do
I have already taken it loooong

//
Anders
  • #108
  • Jul 13, 2011 10:50am Jul 13, 2011 10:50am
Quoting Olu
This pair is getting ready to give a long signal. Do we all see this?

Olu
If the Stoch lines cross at the end of the day, yes
Live it or leave it!
  • #109
  • Jul 13, 2011 10:51am Jul 13, 2011 10:51am
Quoting anderssv82
Yes I think we do
I have already taken it loooong

//
Anders
I think you should have waited for the signal, this might continue down... But I can be wrong of course
Live it or leave it!
  • #110
  • Jul 13, 2011 11:02am Jul 13, 2011 11:02am
USDCHF short is going very nice... The first TP at +170 pips just got hit so the second half of my trade is still open with the SL at +5 pips (I decided to not move my SL to BE+1 but BE+5 because of the commission). Right now the trade is at +187 pips



I feel kind of sorry for closing last night the AUDUSD trade. It is now +170 pips from where I closed it but that is the rules! Next time I could get burned if not following them... If the Stoch crosses tonight I will go long again. But I might have to wait till tommorow... nevermind
Attached Image (click to enlarge)
Click to Enlarge Name: uch.png Size: 180 KB
Live it or leave it!
  • #111
  • Jul 13, 2011 11:42am Jul 13, 2011 11:42am
Quoting anderssv82
Yes I think we do
I have already taken it loooong

//
Anders
I agree with Slurpee. Let's wait for the confirmation all the time. Then we can say we traded the system as described if there are any losses

Olu
If you think you can or cannot do it you are correct
  • #112
  • Jul 13, 2011 1:58pm Jul 13, 2011 1:58pm
Quote
USDCHF short is going very nice... The first TP at +170 pips just got hit so the second half of my trade is still open with the SL at +5 pips (I decided to not move my SL to BE+1 but BE+5 because of the commission). Right now the trade is at +187 pips

Nice Trade Slurpee! It just goes to show that you can never really know how far price can travel. CHF is now at historic levels!
  • #113
  • Jul 13, 2011 2:27pm Jul 13, 2011 2:27pm
Yes, thanks to Crude Oil Inventories, my USDCHF just closed out for +168.

Funny, I wasn't at all sure about it this morning. As usual, could go a lot further.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF,Daily_2011-07-13_20-19-09.png Size: 41 KB
  • #114
  • Jul 13, 2011 3:13pm Jul 13, 2011 3:13pm
Quoting Slurpee
USDCHF short is going very nice... The first TP at +170 pips just got hit so the second half of my trade is still open with the SL at +5 pips (I decided to not move my SL to BE+1 but BE+5 because of the commission). Right now the trade is at +187 pips



I feel kind of sorry for closing last night the AUDUSD trade. It is now +170 pips from where I closed it but that is the rules! Next time I could get burned if not following them... If the Stoch crosses tonight I will go long again. But I might have to wait till tommorow... nevermind

Your system seems very interesting, I sent you a private message! Hope to here from you

Cheers
JC
Voodoo Economics.......
  • #115
  • Jul 13, 2011 3:22pm Jul 13, 2011 3:22pm
Quoting DaTrader
Nice Trade Slurpee! It just goes to show that you can never really know how far price can travel. CHF is now at historic levels!
Thanks DaTrader! I don't really care about the Fundamentals but sometimes it can help, that is for sure
Live it or leave it!
  • #116
  • Jul 13, 2011 3:24pm Jul 13, 2011 3:24pm
Quoting jcdollar
Your system seems very interesting, I sent you a private message! Hope to here from you

Cheers
JC
I will answer right now...
Live it or leave it!
  • #117
  • Jul 13, 2011 3:33pm Jul 13, 2011 3:33pm
just my thought... of course I may be wrong...
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.png Size: 35 KB
Live it or leave it!
  • #118
  • Jul 13, 2011 3:46pm Jul 13, 2011 3:46pm
What I am watching...

AUDUSD Stoch long... today the cross will happen very probably but it won't be confirmed until tomorrow candle has been finished

GBPUSD short in a few days... probably
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au.png Size: 41 KB
Click to Enlarge Name: gu.png Size: 50 KB
Live it or leave it!
  • #119
  • Jul 13, 2011 4:54pm Jul 13, 2011 4:54pm
My stoch has already crossed... I think it is the candle close time differential coming into play here.

Olu
Attached Image
If you think you can or cannot do it you are correct
  • #120
  • Edited 5:12pm Jul 13, 2011 4:58pm | Edited 5:12pm
Anyone trade this pair? Currently shorting it as there has been a cross. This one's scary though since the pair is really volatile, often moving 400-500 pips a day and it could move against your direction wiping out your account. Keeping my fingers crossed on this one

EDIT: lol, I forgot. 100 pip is equal to only $1 in this pair.
Attached Image (click to enlarge)
Click to Enlarge Name: USDDKK.jpg Size: 105 KB
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