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Open/close cross

  • #61
  • Nov 30, 2011 9:30pm Nov 30, 2011 9:30pm
Quoting jiva34
yes according to the system that is correct. looks like it could get a cross on the lsma template.

Great !! Thanks for the confirmation.

Looks like EURJPY Long, USDCHF short and EURUSD Long may trigger in next day or so.

in situation like this, there these are co-related pair, do you make decision to skip one ? or just reduce your risk in trades ?

Cheers
Garfield
Trading is SIMPLE not EASY.
  • #62
  • Nov 30, 2011 9:58pm Nov 30, 2011 9:58pm
Quoting garfield75
Great !! Thanks for the confirmation.

Looks like EURJPY Long, USDCHF short and EURUSD Long may trigger in next day or so.

in situation like this, there these are co-related pair, do you make decision to skip one ? or just reduce your risk in trades ?

Cheers
Garfield
I never risk more than 2% total of equity at any one time. I like to open 4 trades, .5% each. The pairs usually behave like this anyway. I like to split it up among 4.

The other template has more entry signals, but using entries on the template with lsma on it is pretty solid. There just won't be as many signals. I use both. If either of the templates have a signal I compare.
  • #63
  • Dec 1, 2011 1:23am Dec 1, 2011 1:23am
making changes to title page.

I have a confession. I'm a student only.
But the good news is I have a teacher who is expert.
I'm posting this thread as I am learning from him, but because I am learning myself I still have some dumb things that I do. Sorry about that. He looked at the thread and chewed me out.
So I am making some changes.
He said it's not that bad but needs some cleaning up.
so please check the 1st page.
  • #64
  • Dec 1, 2011 1:52am Dec 1, 2011 1:52am
3 pending orders for a trend that is already underway.
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  • #65
  • Dec 1, 2011 3:45am Dec 1, 2011 3:45am
My first trade on this system
CHFJPY has triggered.

nothing else to do..just wait for the outcome.

cheers
Garfield
Attached Image (click to enlarge)
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Trading is SIMPLE not EASY.
  • #66
  • Dec 1, 2011 5:09am Dec 1, 2011 5:09am
Quoting garfield75
My first trade on this system
CHFJPY has triggered.

nothing else to do..just wait for the outcome.

cheers
Garfield
yup. looks good.
  • #67
  • Dec 1, 2011 5:15am Dec 1, 2011 5:15am
Quoting garfield75
My first trade on this system
CHFJPY has triggered.

nothing else to do..just wait for the outcome.

cheers
Garfield
looks like your template still has the 21 lwsa open/close on it. No harm. But I have dropped it from the strategy and use the 5,5 cross and 21 lsma for trend filter. Are you using the 21 open/close somehow? Simpler is better less clutter.
  • #68
  • Dec 1, 2011 5:32am Dec 1, 2011 5:32am
I have just combined both your templates into 1 and removed the arrows.

Cheers
Garfield
Trading is SIMPLE not EASY.
  • #69
  • Dec 1, 2011 5:39am Dec 1, 2011 5:39am
Didn't notice the clear sell signal in USDCHF, FXDD GMT+2
canceled sell limit and sold market.
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  • #70
  • Dec 1, 2011 5:40am Dec 1, 2011 5:40am
Quoting garfield75
I have just combined both your templates into 1 and removed the arrows.

Cheers
Garfield
I posted an updated template on the title page if you want.
  • #71
  • Dec 1, 2011 5:03pm Dec 1, 2011 5:03pm
Quoting jiva34
Didn't notice the clear sell signal in USDCHF, FXDD GMT+2
canceled sell limit and sold market.
Just entered this one myself as my daily bar starts at 5:00 EST. Here's hoping many pips
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  • #72
  • Dec 1, 2011 11:01pm Dec 1, 2011 11:01pm
Quoting spyderman
Just entered this one myself as my daily bar starts at 5:00 EST. Here's hoping many pips
Now we wait. Let the system work. There will be losses. That's forex. But the gains will far outweigh the losses. It's a good system. Maybe this will be a winner.
  • #73
  • Dec 2, 2011 12:03am Dec 2, 2011 12:03am
No new orders placed today. Pending orders in place for NZDUSD long, USDCAD short, from yesterday. USDCHF is open short. EU,UC and AU are locked in and waiting to run or stop out.
So far it has been all roses. Win, win, win...
But I know we will hit some losers. that will be a good test. How to stick with the system.....
Got in a little late for USDCHF, since I was so late it may have been better to place a pending order below the low rather than to open immediately.
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  • #74
  • Dec 2, 2011 3:14am Dec 2, 2011 3:14am
USDCAD sell limit filled.
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  • #75
  • Dec 2, 2011 5:31am Dec 2, 2011 5:31am
Quoting jiva34
USDCAD sell limit filled.

Jiva,

So if you don't enter right at the cross at market price how do you determine where to place your limit orders to get into the trade?

Thanks
  • #76
  • Dec 2, 2011 5:37am Dec 2, 2011 5:37am
Had entered A/Chf early yesterday. First TP has hit and stops are at break even.

Let's keep riding...thanks Jiva...
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  • #77
  • Dec 2, 2011 5:57am Dec 2, 2011 5:57am
Hi Jiva/All
My EurJpy Trade is hitting first TP and being moved to BE

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Quoting spyderman
Jiva,

So if you don't enter right at the cross at market price how do you determine where to place your limit orders to get into the trade?

Thanks

Hi Jiva, I have the same question more or less. Are you entering a pending order anywhere along the swing hi/low as long as you still have a valid buy/sell signal?

Thanks
Always Learning
  • #78
  • Edited 10:51am Dec 2, 2011 6:41am | Edited 10:51am
Quoting spyderman
Jiva,

So if you don't enter right at the cross at market price how do you determine where to place your limit orders to get into the trade?

Thanks
look for a 1,2,3. A pullback. place limit order above hi for long, or below low for short. then treat it as ordinary trade. ATR etc..
I'm just learning this system. So I may not get it right. Like with these last 3 limit orders for NZDUSD, USDCAD and USDCHF. This was the first time I was trying this. I may not try to do this again for a while. Just enter on a cross for now until I get more familiar with how this works. William has it down, he can do it with his eyes closed. I want to be able to trade like he does. But it's a long way from here to there right about now.
  • #79
  • Dec 2, 2011 6:42am Dec 2, 2011 6:42am
Quoting JayTrader
Hi Jiva/All
My EurJpy Trade is hitting first TP and being moved to BE

Attachment




Hi Jiva, I have the same question more or less. Are you entering a pending order anywhere along the swing hi/low as long as you still have a valid buy/sell signal?

Thanks

You're welcome. I'm trying to pass along what a really great teacher is trying to show me. I'm not happy with the exit strategy but for now it will do. He wants me to learn something else that gets much bigger returns. But I can't do it just yet. Am trying to get it right. Will share it when time is right. For now this exit strategy is alright.
  • #80
  • Dec 2, 2011 6:47am Dec 2, 2011 6:47am
Quoting spyderman
Had entered A/Chf early yesterday. First TP has hit and stops are at break even.

Let's keep riding...thanks Jiva...
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