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  • #568,841
  • Dec 1, 2011 8:24pm Dec 1, 2011 8:24pm
Quoting mohan76
ibpo, every one make negative trade. otherwise why we using SL ?. but silly mistakes and blind entry can be avoided. good way to learn is accept your mistake, correct it and move on. defending your mistake lead you to repeats same mistake.
Forex god always bless newbies then punish them big time late
throughout the week and past week i made good profit trades, yesterday i was net negative for the day with 1% down, coz i friggin went against my chart setup
  • #568,842
  • Dec 1, 2011 8:26pm Dec 1, 2011 8:26pm
Quoting ibpo
i didnt get what is 65 what is 619 previous low ... based one minute chart ?



Pivot points are calculated based on end of day values applying the following formulas:
pivot = (High + Low + Close) / 3
S1 = (2 * pivot) - High
R1 = (2 * pivot) - Low
S2 = pivot - (R1 - S1)
R2 = pivot + (R1 - S1)
S3 = Low - 2 * (High - pivot)
R3 = High + 2 * (pivot - Low)

This is the way
  • #568,843
  • Dec 1, 2011 8:26pm Dec 1, 2011 8:26pm
Quoting mohan76
ibpo, every one make negative trade. otherwise why we using SL ?
Don't ask him that... he doesn't use one lol
check out my blog: forexmademillionaire dot com
  • #568,844
  • Dec 1, 2011 8:27pm Dec 1, 2011 8:27pm
i have 3.5 years experience, once at first time forexgod punished me

trading style is individual, each and everyone have their own style
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  • #568,845
  • Dec 1, 2011 8:29pm Dec 1, 2011 8:29pm
Quoting hindustani
throughout the week and past week i made good profit trades, yesterday i was net negative for the day with 1% down, coz i friggin went against my chart setup
your not newbie . but time to time we need this kind of scalping in our face.so we can stick with our rule and setup. i was lost my discipline last month and hit big time. now when my hand get itchy i am closing my trading platform .
Mohan
  • #568,846
  • Dec 1, 2011 8:36pm Dec 1, 2011 8:36pm
Quoting Geppy
Don't ask him that... he doesn't use one lol
i dont use SL but close right time
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  • #568,847
  • Dec 1, 2011 8:38pm Dec 1, 2011 8:38pm
Quoting mohan76
your not newbie . but time to time we need this kind of scalping in our face.so we can stick with our rule and setup. i was lost my discipline last month and hit big time. now when my hand get itchy i am closing my trading platform .
do you design ea's if so, i would love to discuss a few aspects of a good ea design with you, aspects which directly affect profitability of an ea.
  • #568,848
  • Dec 1, 2011 8:41pm Dec 1, 2011 8:41pm
Quoting ibpo
i have 3.5 years experience, once at first time forexgod punished me

trading style is individual, each and everyone have their own style
This definitely sounds like someone with 3.5 years of experience:

Quoting ibpo
every day after the "Tokyo" close EU moving more than 150 pips am i right ?

any reason "technical" or "fundamental"

what time exactly market moves ? yesterday was 350 pips what is the average pips move a day?
Experience traders know that gaps ALWAYS close. It's basically FREE money!!

Quoting ibpo
guys girls when that gap fill ? Tokyo is going to close within 25 min there is news within 1h

what are the half day movement?
People with 3.5 years experience always have to ask if it's a "good idea" to be trading or not:

Quoting ibpo
Scalping 5 pips until Frankfurt open, good idea?
check out my blog: forexmademillionaire dot com
  • #568,849
  • Dec 1, 2011 8:46pm Dec 1, 2011 8:46pm
Quoting Geppy
Man, thank god for ibpo. I needed a muppet show tonight for some entertainment.

And I don't mean the Jim Henson kind
+1
  • #568,850
  • Dec 1, 2011 8:47pm Dec 1, 2011 8:47pm
Quoting Geppy
This definitely sounds like someone with 3.5 years of experience:



Experience traders know that gaps ALWAYS close. It's basically FREE money!!



People with 3.5 years experience always have to ask if it's a "good idea" to be trading or not:
lol

“Stay Hungry Stay Foolish”,
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  • #568,851
  • Dec 1, 2011 8:47pm Dec 1, 2011 8:47pm
Quoting hindustani
do you design ea's if so, i would love to discuss a few aspects of a good ea design with you, aspects which directly affect profitability of an ea.
very poor coding and failure you can see stats . i wrote to take trade on preset point. like short xx82 , xx24 and long xx45 and xx96 with limit order. i have to fine tune a bit direct abnormal move and kill pending .
Mohan
  • #568,852
  • Dec 1, 2011 8:48pm Dec 1, 2011 8:48pm
Quoting Geppy
This definitely sounds like someone with 3.5 years of experience:



Experience traders know that gaps ALWAYS close. It's basically FREE money!!



People with 3.5 years experience always have to ask if it's a "good idea" to be trading or not:
some gaps never close, they become NUNS
  • #568,853
  • Dec 1, 2011 8:49pm Dec 1, 2011 8:49pm
Quoting hindustani
some gaps never close, they become NUNS
Bahahahaha!!! Love it!
check out my blog: forexmademillionaire dot com
  • #568,854
  • Dec 1, 2011 8:50pm Dec 1, 2011 8:50pm
Quoting hindustani
some gaps never close, they become NUNS
it will get closed , but it might take years..............

au closed all the gaps above 98 ~ 1.10 after 30 years
Mohan
  • #568,855
  • Dec 1, 2011 8:52pm Dec 1, 2011 8:52pm
Quoting mohan76
very poor coding and failure you can see stats . i wrote to take trade on preset point. like short xx82 , xx24 and long xx45 and xx96 with limit order. i have to fine tune a bit direct abnormal move and kill pending .
i have tried my hand at ea coding for over 5 years now, and failed each time

the basic reason for failure in coding a good ea is the price movement, a candle is a good candle when it is finished and next begins, till then the price moves so rapidly ke indicators and ea ki ma bhen ek kar det a hai.

so to design a good ea, you need to think out of the box and work on something which does not depend on tick movement.

tick movements kill the best of the best ea concept.
  • #568,856
  • Dec 1, 2011 8:57pm Dec 1, 2011 8:57pm
Quoting KillerWhale
Lol, wonder what kind of a trader you are.

so do you expect to win on all trades you took?

I donno think even the most successful traders have won on every trade.
  • #568,857
  • Dec 1, 2011 8:58pm Dec 1, 2011 8:58pm
Quoting Nachiket
so do you expect to win on all trades you took?

I donno think even the most successful traders have won on every trade.

to answer your question i hold my trades for long and take atleast 100 pips and exit. still holding my euro short 1.3460 even though it rallied till 1.3520. donno want quick profits and fast loses.
  • #568,858
  • Dec 1, 2011 9:00pm Dec 1, 2011 9:00pm
look at the chart below

this is a 15 minute eu chart, current prices

if you observe, the indicator below gives advanced warning [ neural net based ]

but fails miserably when the tick prices trade close to the " 1 " level,

any ea designed on this top level neural net concept will fail miserably because of this tick movement and incur losses.

this is what needs to be taken care of while designing an ea.

so if we specify levels x25, x50, x75 ; the tick movement will fuck the ea real bad.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 14 KB
  • #568,859
  • Dec 1, 2011 9:04pm Dec 1, 2011 9:04pm
Quoting hindustani
look at the chart below

this is a 15 minute eu chart, current prices

if you observe, the indicator below gives advanced warning [ neural net based ]

but fails miserably when the tick prices trade close to the " 1 " level,

any ea designed on this top level neural net concept will fail miserably because of this tick movement and incur losses.

this is what needs to be taken care of while designing an ea.

so if we specify levels x25, x50, x75 ; the tick movement will fuck the ea real bad.
the same neural net indicator gave the central banks intervention warning many hours before it began
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 13 KB
  • #568,860
  • Dec 1, 2011 9:08pm Dec 1, 2011 9:08pm
Quoting hindustani
the same neural net indicator gave the central banks intervention warning many hours before it began
moral of the story is the indicators look good on the charts, but they fail miserably when you try to code them as an ea because of the stupid tick movement. tics are indeed blood sucking creatures.
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