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  • #1,821
  • Dec 12, 2011 9:37am Dec 12, 2011 9:37am
X-Man, wanted to ask if as per your system if it is acceptable to scale down to the 15 min TF for entries for days like this. Just had a look at it, looking back at the day, and it gave some great signals.
  • #1,822
  • Dec 12, 2011 9:46am Dec 12, 2011 9:46am
Quoting MeLe
X Man
Have you had any consecutive days without any trades on the 1 hour?
No not really , There will be trades almost everyday on the 1H chart
X-man the legendary conqueror of markets
  • #1,823
  • Dec 12, 2011 9:47am Dec 12, 2011 9:47am
Quoting X-Man
No not really , There will be trades almost everyday on the 1H chart
OK Thanks
  • #1,824
  • Dec 12, 2011 9:48am Dec 12, 2011 9:48am
Quoting Brifx
X-Man, wanted to ask if as per your system if it is acceptable to scale down to the 15 min TF for entries for days like this. Just had a look at it, looking back at the day, and it gave some great signals.
Yes i think with my system it is very possible to go to the 30m or the 15m to get entries.
X-man the legendary conqueror of markets
  • #1,825
  • Dec 12, 2011 9:51am Dec 12, 2011 9:51am
my today result

-29 pips
  • #1,826
  • Dec 12, 2011 9:55am Dec 12, 2011 9:55am
first day of trading and -15 my luck ! looking forward to tomm..
  • #1,827
  • Dec 12, 2011 9:55am Dec 12, 2011 9:55am
Thats was a tough day for H1 system, true.

I'm curious, did Phx62 take any trades on US session, can U share some experience with entries on lower TF's on hard days like this?

Thx in advance
P.
youtube.com/@pantherfxt
  • #1,828
  • Dec 12, 2011 10:01am Dec 12, 2011 10:01am
Quoting Phx62
It is an indicator that I got off this forum somewhere. It is names the Daily_High_Low.mq4 & this name is attached.....Copyright Terry Nicholls.
Phx62 thanks for your reply altho unfortunately I haven't been able to find it
  • #1,829
  • Dec 12, 2011 10:02am Dec 12, 2011 10:02am
I've always noticed in my backtesting that December is somewhat of an anomaly in that, most trading systems that work well during the year tend to break down in December. In short trading conditions are really difficult right now.
  • #1,830
  • Dec 12, 2011 10:22am Dec 12, 2011 10:22am
Quoting digf
Phx62 thanks for your reply altho unfortunately I haven't been able to find it
http://www.forexfactory.com/showthre...94#post4429994
  • #1,831
  • Dec 12, 2011 10:41am Dec 12, 2011 10:41am
letīs look forward to tomorrow and enjoy a better day of trading!
  • #1,832
  • Dec 12, 2011 10:45am Dec 12, 2011 10:45am
Presently i have taken three trades using this system two out of which resulted in profits.
I took a bounce trade this morning and it resulted in a lot of profit presently am 95pips in profit.



DEMO trade lol
  • #1,833
  • Dec 12, 2011 11:34am Dec 12, 2011 11:34am
Quoting X-Man
[color=Blue][size=3]I attached a chart showing trading opportunities marked with arrows.
In this place you will occur losses that you have to accept.
No trading system will give you 100% wins.
If you are quick enough and have a lot of experience through back testing then you would cut your bad trades in time to give to minimum losses.
Notice my 2 vertical lines, i dont trade the entire NY session and wont trade the asian session.

Another is that you could just stay out of the market if you dont find the signals you waiting for.
Sometimes during...
X-man the potential entries you posted with the arrows....you would enter after those candles form correct? Meaning the arrows on the candles are the entries you take after they form. (just clarifying)
  • #1,834
  • Dec 12, 2011 11:46am Dec 12, 2011 11:46am
1st day of demotrading after backtesting: 3 trades(2win/1lose) --> +45p
  • #1,835
  • Dec 12, 2011 12:02pm Dec 12, 2011 12:02pm
very soon we ll can jump long eu... pay attention on 4h tf.
  • #1,836
  • Dec 12, 2011 12:08pm Dec 12, 2011 12:08pm
Quoting hale-mary
X-man the potential entries you posted with the arrows....you would enter after those candles form correct? Meaning the arrows on the candles are the entries you take after they form. (just clarifying)
Yip i would enter on the opening of the next candle.
X-man the legendary conqueror of markets
  • #1,837
  • Dec 12, 2011 12:11pm Dec 12, 2011 12:11pm
hey guys

Just want to say dont let the losing trades get you down, I have experienced days like these .It always happens but you just have to stick to your system and you will see that the winning trades will take place.
Every trade is unique
X-man the legendary conqueror of markets
  • #1,838
  • Dec 12, 2011 12:20pm Dec 12, 2011 12:20pm
Quoting Raa
very soon we ll can jump long eu... pay attention on 4h tf.
I see it Raa, I'm ready...

http://us.cdn1.123rf.com/168nwm/coba...y-metallic.jpg
  • #1,839
  • Dec 12, 2011 12:36pm Dec 12, 2011 12:36pm
Quoting Pecunia
I see it Raa, I'm ready...

http://us.cdn1.123rf.com/168nwm/coba...y-metallic.jpg
Care to explain what you see that indicates a buy on the 4H?
  • #1,840
  • Dec 12, 2011 12:48pm Dec 12, 2011 12:48pm
EU 4H

Raa, most likely is looking on 4H TF for EU to kick in on reversal, since TDI is out of blue bands so there is opportunity for pullback.
"All good things come to those who wait..."
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