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Easy no stress daily charts:)

  • #201
  • Jul 20, 2011 6:45am Jul 20, 2011 6:45am
anyone shorting EURGBP yesterday?
  • #202
  • Jul 20, 2011 7:48am Jul 20, 2011 7:48am
Chart uploaded...
Attached Image
If you think you can or cannot do it you are correct
  • #203
  • Jul 20, 2011 10:44am Jul 20, 2011 10:44am
Quoting PeterE
hi there

yes, 240m, let me know if you dont want 240 posted

i assume you consider market structure when deciding to open a position or not: highs, lows, pivots, price bars, wedges, channels etc etc ? ? ?

thanks
Hi Peter,

I don't mind you posting other timeframe at all! Just please always mention it, like you did this time

EDIT: ...and I don't consider anything with this system, the rules are as simple as possible... Of course for experienced traders it is possible to consider everything. BUT I try to keep my trading KISS, even though I know these "upgrades"
Live it or leave it!
  • #204
  • Jul 20, 2011 10:46am Jul 20, 2011 10:46am
Quoting sam_ye2001
anyone shorting EURGBP yesterday?

not me
Live it or leave it!
  • #205
  • Edited 1:15pm Jul 20, 2011 1:13pm | Edited 1:15pm
I entered short on the GBPUSD last night under the rules of the system.

The stock has crossed upward today (exit signal). If it remains so at close, am I right in saying the trade isn't over until the stop is hit?

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 143 KB


Oh just found a cool screen cap tool in Windows 7; the Snipping Tool

Thruster
  • #206
  • Jul 20, 2011 2:31pm Jul 20, 2011 2:31pm
Quoting Thruster
I entered short on the GBPUSD last night under the rules of the system.

The stock has crossed upward today (exit signal). If it remains so at close, am I right in saying the trade isn't over until the stop is hit?

Attachment

Oh just found a cool screen cap tool in Windows 7; the Snipping Tool

Thruster

Hi Thruster,

for me, I wait till the Fast Stoch gets under the level 60, then I exit the trade...
OR if the SL gets hit......
OR if the system says I should go long (but that would happen after the first rule, so not applying here)...
Live it or leave it!
  • #207
  • Jul 20, 2011 2:34pm Jul 20, 2011 2:34pm
if the price stays above the MA, I will go long in EU at the end of the day (for me in an hour and half)... that is according to my rules (but the overall picture is not very assuring for me)

AUDUSD long as well, the same picture though. Not very sure it will go our way even the system says so... But I am sticking to the rules
Live it or leave it!
  • #208
  • Jul 20, 2011 3:35pm Jul 20, 2011 3:35pm
Quoting sam_ye2001
anyone shorting EURGBP yesterday?
I put up a watch for a possible long


Olu
If you think you can or cannot do it you are correct
  • #209
  • Jul 20, 2011 3:37pm Jul 20, 2011 3:37pm
This trade is indicating a sell.. see chart. Do we all see this?

Olu
Attached Image
If you think you can or cannot do it you are correct
  • #210
  • Jul 20, 2011 3:54pm Jul 20, 2011 3:54pm
Quoting Olu
This trade is indicating a sell.. see chart. Do we all see this?

Olu
yes, man just too exotic for me...
Live it or leave it!
  • #211
  • Jul 20, 2011 4:04pm Jul 20, 2011 4:04pm
open and pending trades...
Attached Image (click to enlarge)
Click to Enlarge Name: tr.png Size: 207 KB
Live it or leave it!
  • #212
  • Jul 20, 2011 4:30pm Jul 20, 2011 4:30pm
Quoting Slurpee
if the price stays above the MA, I will go long in EU at the end of the day (for me in an hour and half)... that is according to my rules (but the overall picture is not very assuring for me)

AUDUSD long as well, the same picture though. Not very sure it will go our way even the system says so... But I am sticking to the rules
This is the trader's dilemma. The system says one thing but gut feeling (developed over time after losing and making money) says otherwise.

I would add to the dilemma by saying the following

The system was made for man and not man for the system
The system confers and enhances discipline and a tradable routine
No one know how any trade will pan out at the point of placing the trade

On the whole - stick to the rules.
If you think you can or cannot do it you are correct
  • #213
  • Jul 20, 2011 5:02pm Jul 20, 2011 5:02pm
Quoting Slurpee
open and pending trades...

the signal on eur/usd for buy was 5 days ago

the time to entry on long was 07/14/2011 not today

why yo put it tonight ?

i understand the price close above the ma today but the stochastic cross was 5 days ago.

thanks
  • #214
  • Jul 20, 2011 5:22pm Jul 20, 2011 5:22pm
Quoting jucaorma
the signal on eur/usd for buy was 5 days ago

the time to entry on long was 07/14/2011 not today

why yo put it tonight ?

i understand the price close above the ma today but the stochastic cross was 5 days ago.

thanks
According to the rules of the system we cannot name a trade can only be taken when the 2 conditions are met - price on the right side of the MA and the cross in the right direction at the right levels happen. So the price can cross the MA and no trade until the the second condition lines up

Usually you will find one condition happens before the other and we have to wait for both conditions to have happened to enter the trade

Olu
If you think you can or cannot do it you are correct
  • #215
  • Edited 6:11pm Jul 20, 2011 5:34pm | Edited 6:11pm
selected 9 pairs on 240m, didnt consider market structure, only:
no trading Monday
no trading at red news
short - cross must be >60 & price <MA
buy - cross must be <40 & price >MA
exit arbitrary +60TP, -60SL, cross in opp. direction

AU +60, EU -60, GU +60, EA +60, GA +1
ACh, GCh, EJ, GJ still open

edit: GCh -60, EJ -60

.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-07-21_0825.png Size: 257 KB
  • #216
  • Jul 20, 2011 6:08pm Jul 20, 2011 6:08pm
Sound nice PeterE. But its up to Slurpee to formerly adopt the name and then we can al start using it...

The I would lose the phrase 'the system whose name we cannot mention'

By the way I went short the gbpaud...

Olu
If you think you can or cannot do it you are correct
  • #217
  • Jul 20, 2011 6:09pm Jul 20, 2011 6:09pm
actually deleted that comment, could be interpreted as divisive

good luck with GA, seems to meet the rules

the 240 results arent impressive, perhaps havent transferred the daily RR ratios well enough
  • #218
  • Jul 20, 2011 6:46pm Jul 20, 2011 6:46pm
Quoting PeterE
actually deleted that comment, could be interpreted as divisive

good luck with GA, seems to meet the rules

the 240 results arent impressive, perhaps havent transferred the daily RR ratios well enough
I dont deem it divisive PeterE. Well done for checking out the system on the 240min timeframe. Hope someone will try it out on the hourly as well. What about the weekly? Stops would have to be huge. I am sticking with the daily

Olu
If you think you can or cannot do it you are correct
  • #219
  • Jul 20, 2011 7:29pm Jul 20, 2011 7:29pm
selected 9 pairs on daily in month July,
didnt consider market structure at all, only:

short - cross must be >60 & price <MA
buy - cross must be <40 & price >MA
exit +170TP, -170SL, cross in opp. direction

AU no set-ups
EU +170 and x1 buy currently open
GU x1 short currently open
EA +170
GA x1 short currently open
ACh -170
GCh +170
EJ +170
GJ +170

* small sample and last cpl weeks saw some big moves
.
  • #220
  • Jul 20, 2011 8:34pm Jul 20, 2011 8:34pm
Quoting PeterE
selected 9 pairs on daily in month July,
didnt consider market structure at all, only:

short - cross must be >60 & price <MA
buy - cross must be <40 & price >MA
exit +170TP, -170SL, cross in opp. direction

AU no set-ups
EU +170 and x1 buy currently open
GU x1 short currently open
EA +170
GA x1 short currently open
ACh -170
GCh +170
EJ +170
GJ +170

* small sample and last cpl weeks saw some big moves
.
see what I have been saying. The system is not too shabby

Olu
If you think you can or cannot do it you are correct
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