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  • #4,021
  • Jan 9, 2012 6:52am Jan 9, 2012 6:52am
Is this a good sell?
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  • #4,022
  • Jan 9, 2012 6:58am Jan 9, 2012 6:58am
Quoting FXSwissTrade
Guten tag Eval. I just checked my Extreme indicator setting and it is 1,3,4. It was downloaded from your system. Did you change it at some point or is it different based on what TF you trade? If so, please suggest settings for each TF if you use different one's. Vielen dank.

tag.

keine sorge.....ja es ist neu.

eval.
  • #4,023
  • Edited 7:08am Jan 9, 2012 7:00am | Edited 7:08am
Quoting Evaluator
So you had all 4 indikators turn red? What are your trendline settings? Can you post a chart showing your signal areas.

Thanks,

eval.

P.S. I don't like usdchf ever since the SNB began intervension peggin the euro at a set price. It make the currency pair quite unstable and prone to false jumps and market distortions. I would advise staying away from usdchf.
Well I was using maryjane's candles which supposedly includes all 3 indis (extreme is not included) into a candle. I got a red candle with with an extreme down red arrow. I have rerun the simulator. I did it with the candles and the regular indies. Although the candles did not always give the proper signal it had not effect as you will see..

Here was my first trade. In all fairness this one would have probably broke even or went for a small loss as it was a Friday trade and there was no re-entry signal on Monday.
http://www.forexfactory.com/attachme...1&d=1326113655

Here was my 2nd trade. The candles gave a later signal but it was at the same spot. http://www.forexfactory.com/attachme...1&d=1326113655

Here was my 3rd trade. In this case I accidentally made an early entry but later there was a signal at the same spot.http://www.forexfactory.com/attachme...1&d=1326113655

One other thing. From the entrance to the first trade to the exit of the last trade there was not even one bullish extreme signal. I say this to point out that even if I had used a very large sl, I stiill would have lost a lot.
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  • #4,024
  • Jan 9, 2012 7:03am Jan 9, 2012 7:03am
Quoting bfis108137
Well I was using maryjane's candles which supposedly includes all 3 indis (extreme is not included) into a candle. I got a red candle with with an extreme down red arrow. I have rerun the simulator. I did it with the candles and the regular indies. Although the candles did not always give the proper signal it had not effect as you will see..

Here was my first trade. In all fairness this one would have probably broke even or went for a small loss as it was a Friday trade and there was no re-entry signal on Monday.
http://www.forexfactory.com/attachme...1&d=1326113655...

For your second trade that one looks like it should have been a buy not a sell because the extreme was pointing up not down. Same for 3rd.
  • #4,025
  • Edited 7:18am Jan 9, 2012 7:04am | Edited 7:18am
Dear Eval

is it correct to take a second short trade here (see my second vertical line)?
We have seen a buy extreme spike which is not yet activated (as a buy order since other indis are still red).
So can we asume that the previous sell extreme spike is still valid?

Thanks in advance

Thomas
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Enter Signature
  • #4,026
  • Jan 9, 2012 7:20am Jan 9, 2012 7:20am
Quoting thomasK
Dear Eval

is it correct to take a second short trade here (see my second vertical line)?
We have seen a buy extreme spike which is not yet activated (as a buy order since other indis are still red).
So can we asume that the previous sell extreme spike is still valid?

Thanks in advance

Thomas
I suggest you go through the Tips and Techniques Section in Post#1

#1936 - discusses repaint and how to make repaint plays
  • #4,027
  • Jan 9, 2012 8:08am Jan 9, 2012 8:08am
Quoting Evaluator
For your second trade that one looks like it should have been a buy not a sell because the extreme was pointing up not down. Same for 3rd.

The trade you quoted and the picture were 2 different trades. Notice in the picture it says 1st trade entrance and exit. The first trade in the picture (I am not referencing that trade) was a long and went for a profit. However the 2nd trade in the picture where the arrows point that it is the 1st. In any event that 2nd trade in the picture (which was actually the first trade taken) is correct. If you will look at it you will see that this picture was taken is on the trade exit and because the extreme point keeps getting reset it looks like it should have been a long. However since we have the new extreme indi that puts a dot where there was an extreme point we can see where there was an extreme point and there was one. I will point this out with annotations in the attached pic. Note that where I put an arrow, and a red circle and I then wrote "Extreme high below" was where there was an extreme high. Then the yellow line indicates where everything lined up for the short.
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  • #4,028
  • Jan 9, 2012 8:28am Jan 9, 2012 8:28am
dear eval,

i have noticed at some points in this thread says that the trendline indicator too repaints.and i have saw it about minutes ago.is this normal or something wrong with the my mt4. and if it repaints how may i trade that
  • #4,029
  • Jan 9, 2012 8:46am Jan 9, 2012 8:46am
Quoting Evaluator
It has changed several times....currently i am use

EurUsd 5 min timeframe
1
3
2
....
Eval,
1
3
4
... is for M15?

Thanks.
Enter Signature
  • #4,030
  • Jan 9, 2012 9:02am Jan 9, 2012 9:02am
Quoting maudur
Eval,
1
3
4
... is for M15?

Thanks.
i think during the non trend situations it will be good to use whatever setting evaluator using now. 1 3 2 false etc. please correct me if im wrong
  • #4,031
  • Jan 9, 2012 9:47am Jan 9, 2012 9:47am
Eval or Galvin,

Able to make any huge pips today? Market is horrible for any kind of trade today. Too many indecision in market. Overslept and missed the early Euro uptrend, so had to sit out waiting for a reversal but, it hasn't translate into much.
  • #4,032
  • Jan 9, 2012 11:49am Jan 9, 2012 11:49am
Quoting Elmago
Has anyone sold at this time entered sell in euro / dollar?
i have opend a sell on 1.27382.lets see what happens
  • #4,033
  • Jan 9, 2012 3:28pm Jan 9, 2012 3:28pm
Quoting FXSwissTrade
Eval or Galvin,

Able to make any huge pips today? Market is horrible for any kind of trade today. Too many indecision in market. Overslept and missed the early Euro uptrend, so had to sit out waiting for a reversal but, it hasn't translate into much.
That retrace up was the only trade on the EU pair today......and it was a good one. Sometimes there is only one chance in a day to enter a trade, and that was it! If you miss the entry, then you have to do as you did, and wait for another opportunity. If one doesn't come today, then you have a flat day. Do not get an itchy trigger finger and enter a silly trade because then you will have a negative day......and you don't want that.

Only take the high probability trades, let the rubbish trades go.....there are other pairs that gave good trades too.

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,034
  • Jan 9, 2012 3:45pm Jan 9, 2012 3:45pm
Quoting ben32
i have opend a sell on 1.27382.lets see what happens
I didn't have an extreme signal on EU for a sell.
  • #4,035
  • Jan 9, 2012 3:52pm Jan 9, 2012 3:52pm
Quoting ohammond
I didn't have an extreme signal on EU for a sell.
There was one on the M15, but it was against the trend of the day, and it is right at the daily pivot point, AND it was at a time when I wouldn't enter anyway.....so I don't consider it a high probability trade.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,036
  • Jan 9, 2012 4:22pm Jan 9, 2012 4:22pm
Quoting realjumper
There was one on the M15, but it was against the trend of the day, and it is right at the daily pivot point, AND it was at a time when I wouldn't enter anyway.....so I don't consider it a high probability trade.
I have no extreme on the M15 showing on my chart no dots to show one disappeared either, the only one I have is one signalling a buy very early today and no red trendline on the non repaint trendline.
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  • #4,037
  • Jan 9, 2012 5:05pm Jan 9, 2012 5:05pm
Quoting ohammond
I have no extreme on the M15 showing on my chart no dots to show one disappeared either, the only one I have is one signalling a buy very early today and no red trendline on the non repaint trendline.
Here is the sell spike.......
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,038
  • Jan 9, 2012 5:11pm Jan 9, 2012 5:11pm
Quoting realjumper
Here is the sell spike.......

My guess is that this is a flat consolidation that will retrace higher to 1.28500 or possibly 1.3000 before the downtrend contunues.
  • #4,039
  • Jan 9, 2012 5:14pm Jan 9, 2012 5:14pm
Quoting Evaluator
My guess is that this is a flat consolidation that will retrace higher to 1.28500 or possibly 1.3000 before the downtrend contunues.
Yep....it's certainly possible......the pair is technically oversold, and there is a big divergence on the daily as well.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,040
  • Jan 9, 2012 5:31pm Jan 9, 2012 5:31pm
Quoting realjumper
Here is the sell spike.......
Oh I didn't doubt you had a spike, just pointing out that there wasn't one on mine
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