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On My Way To The Top

  • #661
  • Oct 12, 2011 5:46am Oct 12, 2011 5:46am
Quoting balrog
Hey, thanks for the reply.. Was looking for entries yesterday but didn't get any before London close so left it at that. I was glad to see a couple of entries this morning though to give it a test. The ej I look at only because I don't like trading the uj..

Thanks for the explanation of the rope.. I'll check that out today as I might have some time now as all my pairs have gone past their daily range (is this something that you keep in mind?). Maybe I was just a bit eager to get an entry with your rules but hats off to you as it seems a solid...

Well the bsb entries I have added my own little twist to it that seems to improve the accuracy of it in my opinion but not sure I'm ready to get into that as of yet...so just private message me for anything further on that...but I must admit that from talking to Dredding and reading through his thread I did pick up quite a bit of good habits myself..but the thing I've observed about this strategy is that it does very well with following the trend and as such the way a trend works...after a big move there is a day or so of consolidation or pull backs on the higher time frames and so thats what yesterday was and as such there were not really many entries with the rules of this strategy and thats where the other entries come into play...
No man is free who is not a master of himself. -P.M.-
  • #662
  • Oct 12, 2011 7:28am Oct 12, 2011 7:28am
No I dont mind you posting. Contrarily, I welcome anyone to post. Its an open forum and an open thread...And yes I do take note to the daily range of pairs...
No man is free who is not a master of himself. -P.M.-
  • #663
  • Oct 12, 2011 7:41am Oct 12, 2011 7:41am
Here are what my templates are set up like now and the alerts from early this morning that I said I would show you...I really wish I had pictures from yesterday as that would have been quite interesting...but of course I don't...lol...


Paul
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu alert.gif Size: 38 KB
Click to Enlarge Name: gu alert.gif Size: 38 KB
Click to Enlarge Name: au alert.gif Size: 38 KB
Click to Enlarge Name: usd chf alert.gif Size: 38 KB
Click to Enlarge Name: usd cad alert.gif Size: 38 KB
Click to Enlarge Name: eur gbp alert.gif Size: 39 KB
Click to Enlarge Name: nzd alert.gif Size: 38 KB
No man is free who is not a master of himself. -P.M.-
  • #664
  • Oct 12, 2011 7:54am Oct 12, 2011 7:54am
morning guys!

nice market today but aint for me hehe, i couldnt place any trade cos i get late.

this is a patter that i was talking about yesterday.
Attached Images
passion and discipline
  • #665
  • Oct 12, 2011 8:38pm Oct 12, 2011 8:38pm
Posting a bit late but here are my entries from way earlier this morning....buy on the nzd usd, aud usd and sell on the usd cad for a total percent today of about 30%...but again I didn't make my goal yesterday as I was short of it by about 3%...so this helped make up for that....and will help make up for tomorrow if tomorrow is a repeat of the pullback on the higher time frames we experienced yesterday...and price will usually try and pull back to the moving averages as it strays too far away
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud usd entry.gif Size: 47 KB
Click to Enlarge Name: nzd usd entry.gif Size: 51 KB
Click to Enlarge Name: usd cad entry.gif Size: 52 KB
No man is free who is not a master of himself. -P.M.-
  • #666
  • Oct 12, 2011 8:43pm Oct 12, 2011 8:43pm
missed the nice bsb as k-kay pointed out on the aud usd before my entry and if I'd have taken that than that pair would have given me about 18% or 20% alone...but as it goes....


Paul
No man is free who is not a master of himself. -P.M.-
  • #667
  • Oct 12, 2011 8:47pm Oct 12, 2011 8:47pm
the pictures I posted of the alerts can be looked at to see where the pivots were that I pointed out in the pictures that I just posted...sigh (pretty bored again) japanese anime time i guess...
No man is free who is not a master of himself. -P.M.-
  • #668
  • Oct 12, 2011 9:00pm Oct 12, 2011 9:00pm
I'm thinking of starting up a high risk account where I will throw $100 in an account and trade at 5% risk and see how it goes...hmmm maybe just a silly thought but I'm seriously considering it at the moment...
No man is free who is not a master of himself. -P.M.-
  • #669
  • Oct 13, 2011 6:38am Oct 13, 2011 6:38am
Just like I thought...the market is moving but not giving any real entries so i will have to wait for the N.Y. session to see what happens or probably even later in the N.Y. session...kind of like the day before yesterday...so sitting on the sides for now...
No man is free who is not a master of himself. -P.M.-
  • #670
  • Oct 13, 2011 8:31am Oct 13, 2011 8:31am
Quoting pmullin86
Just like I thought...the market is moving but not giving any real entries so i will have to wait for the N.Y. session to see what happens or probably even later in the N.Y. session...kind of like the day before yesterday...so sitting on the sides for now...
I entered this gu trade short. Daily stoch seemed to be just about pointing down. Entered just below the pivot. Risked 1% and it went to +1.5% before turning and getting me out at BE.
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 26 KB
  • #671
  • Oct 13, 2011 9:13am Oct 13, 2011 9:13am
Quoting balrog
I entered this gu trade short. Daily stoch seemed to be just about pointing down. Entered just below the pivot. Risked 1% and it went to +1.5% before turning and getting me out at BE.
You actually shouldn't have had any trades with the rules of this strategy as for me from what I'm seeing the daily stochastic is pointed up and not down so one should only be looking for buys per the rules...can you post your daily chart and mark off yesterdays candle so I can see where it closed at on your chart...but it should be pointed up...(also to consider is that I only use the last closed position of the stochastics and not open positions)

Paul
No man is free who is not a master of himself. -P.M.-
  • #672
  • Oct 13, 2011 9:43am Oct 13, 2011 9:43am
Quoting pmullin86
You actually shouldn't have had any trades with the rules of this strategy as for me from what I'm seeing the daily stochastic is pointed up and not down so one should only be looking for buys per the rules...can you post your daily chart and mark off yesterdays candle so I can see where it closed at on your chart...but it should be pointed up...(also to consider is that I only use the last closed position of the stochastics and not open positions)

Paul
You are right.. I didn't consider to use the last closed position of the stoch.. my mistake.
Attached Image (click to enlarge)
Click to Enlarge Name: gudaily.gif Size: 14 KB
  • #673
  • Oct 13, 2011 10:02am Oct 13, 2011 10:02am
You weren't aware so its fine but it can save you some trouble sometimes using the closes instead....
No man is free who is not a master of himself. -P.M.-
  • #674
  • Oct 13, 2011 1:23pm Oct 13, 2011 1:23pm
hi pmullin86,

I just skipped over your thread and see you are doing a good job.
I'm not much around this days due to personal reason but hope it all works out in a couple of month.

I saw you use at times some of the Alerter - in case I find time I might still make your final alerter where the overbought/oversold zone counts as UP/DOWN and disregards the Stoch direction we talked once - but as I say - I'm at the moment with other stuff busy.

Wish you all the best.

MJ

BTW: what are the new Stochs settings you overlayed the rope in recent pics. (guess it must come from sex stoch idea.)

Sorry if you posted this somewhere else - I just skipped through to see what's going on.
__Thanks__ MJ
  • #675
  • Edited 2:37pm Oct 13, 2011 2:16pm | Edited 2:37pm
gu buy

market knocked me out with +4%
Attached Image (click to enlarge)
Click to Enlarge Name: gu entey stop at two percent.gif Size: 39 KB
No man is free who is not a master of himself. -P.M.-
  • #676
  • Oct 13, 2011 2:21pm Oct 13, 2011 2:21pm
Quoting M_j
hi pmullin86,

I just skipped over your thread and see you are doing a good job.
I'm not much around this days due to personal reason but hope it all works out in a couple of month.

I saw you use at times some of the Alerter - in case I find time I might still make your final alerter where the overbought/oversold zone counts as UP/DOWN and disregards the Stoch direction we talked once - but as I say - I'm at the moment with other stuff busy.

Wish you all the best.

MJ

BTW: [b]what are the new Stochs settings you overlayed the rope...

Hey its nice to hear from you...from the last time we talked it sounded like you had quite a bit going on but such is life...but yeah the alerter is actually coming in very handy along with the empty sub windows you created and the multistochdirectional alert...its all coming together....but yes your guess was correct the extra stochs overlayed with the rope are indeed the sexy stochastics that I started playing around with before you began everything you were trying to do...so the blue is the 20 10 20 the white is the 50 10 20 and the yellow is the 100 10 30.... thanks for stopping by and checking in...


Paul
No man is free who is not a master of himself. -P.M.-
  • #677
  • Oct 14, 2011 2:17am Oct 14, 2011 2:17am
EU,AU,NZU,USDCHF entries all knocked out at break even
No man is free who is not a master of himself. -P.M.-
  • #678
  • Oct 14, 2011 2:46am Oct 14, 2011 2:46am
eu gu nzd usd au all being correlating pairs have all got bearish reversal divergence on the four hour with the daily stochastics all going into oversold with the 4 hour candles all looking to close as pin bars and the same for the usd chf and usd cad but being inverted from the eu and such it is the opposite with the divergence and whatever but also it is wise to take note to the fact that on the first pairs listed...the daily moving averages are lined up for a short or lining up with price hitting those moving averages...so I will probably be looking for shorts today according to ctt momentum entries or bsb entries today...and longs on usd chf and usd cad...just speculation of course though so I would have to see my rules met for any type of entry as speculation alone doesn't make money...well it can I guess but its not the way that I play...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euh4.gif Size: 53 KB
Click to Enlarge Name: eudaily.gif Size: 54 KB
Click to Enlarge Name: guh4.gif Size: 53 KB
Click to Enlarge Name: guhdaily.gif Size: 55 KB
Click to Enlarge Name: uch4.gif Size: 54 KB
Click to Enlarge Name: ucdaily.gif Size: 52 KB
No man is free who is not a master of himself. -P.M.-
  • #679
  • Oct 14, 2011 2:53am Oct 14, 2011 2:53am
the break even trades mentioned earlier and of course as mentioned quite a few times in here...I move stops to break even once trades get to 1:1 r:r or are up 2% however you want to put it...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 46 KB
Click to Enlarge Name: au.gif Size: 47 KB
Click to Enlarge Name: nzd.gif Size: 48 KB
Click to Enlarge Name: usdchf.gif Size: 46 KB
No man is free who is not a master of himself. -P.M.-
  • #680
  • Oct 14, 2011 3:22am Oct 14, 2011 3:22am
For tonight I took the alerts off for the ctt and bsb as I need them revised to not go off every close and so its not practical to have on while I'm asleep but as such...I missed the nice ctt entry on the nzd usd which was good for 4%...and I give the rules for these types of entries in this pic...
Attached Image (click to enlarge)
Click to Enlarge Name: nzusd.gif Size: 53 KB
No man is free who is not a master of himself. -P.M.-
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