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  • #5,041
  • Feb 9, 2012 6:01am Feb 9, 2012 6:01am
Senior EU official (Dow Jones): Greece given until Sunday to find Eur 300 mln in cuts for 2012

Uh huh.....think I'll get some pop corn and watch the outcome of this!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,042
  • Feb 9, 2012 6:22am Feb 9, 2012 6:22am
Quoting realjumper
Senior EU official (Dow Jones): Greece given until Sunday to find Eur 300 mln in cuts for 2012

Uh huh.....think I'll get some pop corn and watch the outcome of this!!!
It's a real problem for Eur/Usd. It goes up very fast for a few days. I have a feeling that the fall will be faster than we can imagine. Greece and Portugal are the firsts of European countries to fail...

I'm really afraid about this crisis...
  • #5,043
  • Feb 9, 2012 6:48am Feb 9, 2012 6:48am
M15 Buy signal did not materialize.
M15 Sell signal instead. Took it and close with +10.
Ranging day but PA not good.
Pivot Boss in the making~
  • #5,044
  • Feb 9, 2012 7:36am Feb 9, 2012 7:36am
Quoting Seabreeze
Hi Eval Im feeling your pain...

The best advice I could give to anyone new to this thread is forget the

1 Symphonie Trading signals for now..

2 Download the four main indicators with default settings

3 Read the Entry and Exit Rules

4 Read the Entry and Exit Rules again

5 Use Evals Money Management

4 Use only Demo for at least a month

5 Make a log of all your trades

6 Copy and print your trade charts and study them at the end of the day

Good trading..
I've also been working with 1 hour charts, one problem that I had to deal is with the news. how you handle this? do you stay in the trade because you trust (hope) your SL not to be hit or you exit of a trade before big news and miss of the ride?
Also one can not decide which session to enter, Eval (and every 1H traders) need to fit some of his entries outside FRA, LO & NY, one must simply take the signal in the time to come.
Humble & Kalcker CLO2 = Covid killer
  • #5,045
  • Feb 9, 2012 7:45am Feb 9, 2012 7:45am
Quoting jusiur
I've also been working with 1 hour charts, one problem that I had to deal is with the news. how you handle this? do you stay in the trade because you trust (hope) your SL not to be hit or you exit of a trade before big news and miss of the ride?
Also one can not decide which session to enter, Eval (and every 1H traders) need to fit some of his entries outside FRA, LO & NY, one must simply take the signal in the time to come.
I didn't take any notice of any news except NFP last Friday, all other news was ignored last week, and I took every signal this week so far, one thing is, when the extreme signal happens you know you have about 5-7 hours before the trendline completes the signal (usually) so it can be planned roughly.
  • #5,046
  • Feb 9, 2012 7:57am Feb 9, 2012 7:57am
Quoting ohammond
I didn't take any notice of any news except NFP last Friday, all other news was ignored last week, and I took every signal this week so far, one thing is, when the extreme signal happens you know you have about 5-7 hours before the trendline completes the signal (usually) so it can be planned roughly.
You are right . . . I try to do the same, but FF "red" news affect my psychology during the trade, your words soothed me and give confidence.
May I ask you about your personal SL?
Humble & Kalcker CLO2 = Covid killer
  • #5,047
  • Feb 9, 2012 8:02am Feb 9, 2012 8:02am
This is am important level. A daily close above this line will show that the Euro will rise to the 1.34500 range before next potential for reversal. A failure to close above this line this week puts pressure on the Euro to reverse and head lower.

This is the ''line in the sand'' to watch closely.
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  • #5,048
  • Feb 9, 2012 8:03am Feb 9, 2012 8:03am
Quoting jusiur
You are right . . . I try to do the same, but FF "red" news affect my psychology during the trade, your words soothed me and give confidence.
May I ask you about your personal SL?
This post: http://www.forexfactory.com/showthre...61#post5368261 explains how I have been trading the 1hr.
  • #5,049
  • Feb 9, 2012 8:32am Feb 9, 2012 8:32am
Think I may be about to take my first loss on the 1hr in 2 weeks not too bad, if it goes it will be -69 pips which will take the total this week to +148 pips. Stop loss is set at 1.33205 to take into account the spread and target is 1.31895.
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  • #5,050
  • Feb 9, 2012 8:37am Feb 9, 2012 8:37am
Quoting ohammond
Think I may be about to take my first loss on the 1hr in 2 weeks not too bad, if it goes it will be -69 pips which will take the total this week to +148 pips. Stop loss is set at 1.33205 to take into account the spread and target is 1.31895.

ohammond,

I think you maybe suprised and find you have made a great entry. I think price action is about to reverse and head lower as the ECB conference ends and based on the dumb statements by Draghi and the dovish stance of the ECB will push the Euro lower.

Eval.
  • #5,051
  • Feb 9, 2012 8:45am Feb 9, 2012 8:45am
Quoting ohammond
I've also changed the trendline settings in the matrix indicator to 20/5 instead of 45/15
donīt you think, that it will be better original TL 45/15 (even 63/18) settings in order to avoid false signals? . . . or at least more solid signals?
Humble & Kalcker CLO2 = Covid killer
  • #5,052
  • Feb 9, 2012 8:46am Feb 9, 2012 8:46am
Quoting jusiur
I've also been working with 1 hour charts, one problem that I had to deal is with the news. how you handle this? do you stay in the trade because you trust (hope) your SL not to be hit or you exit of a trade before big news and miss of the ride?
Also one can not decide which session to enter, Eval (and every 1H traders) need to fit some of his entries outside FRA, LO & NY, one must simply take the signal in the time to come.
I dont yet trade the 1 hour chart with this at the mo...im on the 5m charts and that can be a little more snsative tyo news..

I don take a trade 1 hour before important news and if the news has made the markets unstable I will give it an hour or so after the news before entering a trade.

I dont trade on NFP days and dont enter trades friday afternoons GMT

As for the sl if you set the default of 50 pips as Eval as suggested only to be used as a safety stop but use the Exit Strategy Two. with chart reading you won't go far wrong.

If my memory serves me well I believe Eval has traded around the clock with the 5m charts in the early days of this thread and did well although the markets can be slower in the Asian session..
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #5,053
  • Feb 9, 2012 8:47am Feb 9, 2012 8:47am
Quoting Evaluator
ohammond,

I think you maybe suprised and find you have made a great entry. I think price action is about to reverse and head lower as the ECB conference ends and based on the dumb statements by Draghi and the dovish stance of the ECB will push the Euro lower.

Eval.
I do hope you're right, even so, I can't complain so far. Last week I just took 50 pips on each trade and got 5 trades no losses so +250 and this week is also looking good. Must admit when I saw your post about the line in the sand I was pleased the stop loss was above it
  • #5,054
  • Feb 9, 2012 8:58am Feb 9, 2012 8:58am
Oh well its gone, you watch it head lower now +148 for the week so far.
  • #5,055
  • Feb 9, 2012 9:02am Feb 9, 2012 9:02am
Quoting Seabreeze
I dont yet trade the 1 hour chart with this at the mo...im on the 5m charts and that can be a little more snsative tyo news..

I don take a trade 1 hour before important news and if the news has made the markets unstable I will give it an hour or so after the news before entering a trade.

I dont trade on NFP days and dont enter trades friday afternoons GMT

As for the sl if you set the default of 50 pips as Eval as suggested only to be used as a safety stop but use the Exit Strategy Two. with chart reading you won't go far wrong.

If...
Yes I did and will not do it again....It left me sleepy all the time and tired. It was not worth the return. I need my sleep!

  • #5,056
  • Feb 9, 2012 9:09am Feb 9, 2012 9:09am
Quoting jusiur
donīt you think, that it will be better original TL 45/15 (even 63/18) settings in order to avoid false signals? . . . or at least more solid signals?
No I've backtested and forward tested the different trendline settings and the other settings get me in later on more occasions than the other way around and I don't think its worth changing something that I have had 8 wins and 1 loss, it obviously doesn't give that many false signals, the last 2 weeks haven't exactly been easy weeks, so I'm happy with it as it is.
  • #5,057
  • Feb 9, 2012 10:23am Feb 9, 2012 10:23am
Quoting Seabreeze
I totaly agree

As you know each country is run as a business and have budgets to work to just like mine.
I'm going to have to disagree with that sentence, supposed to be maybe. If i ran my small personal economy like the USA gov. does and the Europeans are worse evidently, I would either be in jail or living under the I-15 overpass!

I think the USA politicians, congress & senate not only are carpetbaggers, liars, thieves, etc, but are basically traitors to their own people who they have fracked over, ripped off, whatever adjective you want to use.

But then again, I'm a little EXTREME....

cheers
  • #5,058
  • Feb 9, 2012 10:29am Feb 9, 2012 10:29am
Quoting ohammond
I do hope you're right, even so, I can't complain so far. Last week I just took 50 pips on each trade and got 5 trades no losses so +250 and this week is also looking good. Must admit when I saw your post about the line in the sand I was pleased the stop loss was above it
I set your chart up after reading your posts just to monitor, seemed to give a long signal at 1600, I'm gmt +2. so 1400 gmt. Can't verify, 'cause it's gone with the repaint. i set it up with matrix 1.8 using your trend setting, but the indy allows you to tweak the trend setting which may give a different signal...

cheers
  • #5,059
  • Feb 9, 2012 2:17pm Feb 9, 2012 2:17pm
Quoting goldsurfer
I set your chart up after reading your posts just to monitor, seemed to give a long signal at 1600, I'm gmt +2. so 1400 gmt. Can't verify, 'cause it's gone with the repaint. i set it up with matrix 1.8 using your trend setting, but the indy allows you to tweak the trend setting which may give a different signal...

cheers
The broker I've shown the trade in, is also GMT + 2. Its a bit difficult to tell in hindsight which is why I have the extreme indicator v2 at the bottom of the chart which shows the history, but on the chart in my post http://www.forexfactory.com/showthre...83#post5370983 the extreme was still red and didn't turn blue until the close of the 16:00 candle when it went to a new extreme., so no long signal there at the time.

And as I thought, when my stop loss went would have been a good time to put in a sell 2 pips more and would have been ok.
  • #5,060
  • Feb 9, 2012 6:12pm Feb 9, 2012 6:12pm
Quoting Sarythsaya
I think ldHT is working on a fix but I am not really sure. You may wish to email him directly for a time table of completion.

Eval.

Cheers for all your selfless work mate.[/quote]

Don't know where the bug is in IdHT's 1.8 template - it worked for me again


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