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Buy sell line trading

  • #861
  • Mar 22, 2012 1:25pm Mar 22, 2012 1:25pm
Quoting SMcGuire45
Is this a valid Alternate Signal Candle Entry (short)? Just curious since the main example shows all bullish candles in the setup. Thanks SM!
sent you pm.
tradewith60
  • #862
  • Mar 22, 2012 1:30pm Mar 22, 2012 1:30pm
Quoting Shaishen
On cms forex, zecco forex the EUD CAD chart looks exactly like
yours and not like 60minuteman's chart.... on TOS it looks different
again, a third version... sure interesting which data feed is actually
reflecting what's really going on.

--
I agree...you would think it would make a difference in the amount and more importantly the strength of the setups. I use Oanda and my candles are on NYC time as my new day starts at NYC's midnight.
  • #863
  • Mar 22, 2012 1:43pm Mar 22, 2012 1:43pm
Heya folks, excellent thread 60mm, ive been following it and i really like the strategy... Its nice and simple and from reading posts here its delivering consistent results too

Does it work on H1 candles too or are H4 best ?
  • #864
  • Mar 22, 2012 3:16pm Mar 22, 2012 3:16pm
Quoting JockFX
Heya folks, excellent thread 60mm, ive been following it and i really like the strategy... Its nice and simple and from reading posts here its delivering consistent results too

Does it work on H1 candles too or are H4 best ?
I find H4 more reliable, but H1 around London open can be great... test both TF's to see where you feel more comfortable..

I would advise everyone to at least spend some time trading H4 if you are serious about trading as a full time occupation, nobody wants to be glued to the screen forever.
tradewith60
  • #865
  • Mar 22, 2012 3:34pm Mar 22, 2012 3:34pm
Just curious if anybody else trading this or following along trades from U.S. Pacific time zone? Thanks!
  • #866
  • Mar 22, 2012 3:57pm Mar 22, 2012 3:57pm
Quoting SMcGuire45
Just curious if anybody else trading this or following along trades from U.S. Pacific time zone? Thanks!
Yes, I am Pacific - I like London open and compensate sleep
deprivation on weekends
Easier for me to stay up for London than to get up for NY

Once I get my head around that 4H tf is the way to go it
will be much easier. For now I am working on to get used to 1H.
My patience level needs improvement to get rid of the 5 and 15 min
trading.

--
  • #867
  • Mar 22, 2012 4:14pm Mar 22, 2012 4:14pm
Quoting Shaishen
Yes, I am Pacific - I like London open and compensate sleep
deprivation on weekends
Easier for me to stay up for London than to get up for NY

Once I get my head around that 4H tf is the way to go it
will be much easier. For now I am working on to get used to 1H.
My patience level needs improvement to get rid of the 5 and 15 min
trading.

--
Easier for me to stay up for London too, but I have two very small children and a "real" job that eat up a ton of my time. I used to trade on 15m charts and can already see the benefit of switching to 4H charts. WAY LESS chart time! Just out of curiosity what broker do you use?
  • #868
  • Mar 22, 2012 4:16pm Mar 22, 2012 4:16pm
Quoting 60minuteman
I find H4 more reliable, but H1 around London open can be great... test both TF's to see where you feel more comfortable..

I would advise everyone to at least spend some time trading H4 if you are serious about trading as a full time occupation, nobody wants to be glued to the screen forever.

Excellent!

Yeh i dont wana spend longer than necessary infront of the machine... I'm looking for steady and consitent gains for my acc im not intrested in jumping in and out of high stress trades on short tf's, this looks likes the method for me
  • #869
  • Mar 22, 2012 4:22pm Mar 22, 2012 4:22pm
Quoting SMcGuire45
Easier for me to stay up for London too, but I have two very small children and a "real" job that eat up a ton of my time. I used to trade on 15m charts and can already see the benefit of switching to 4H charts. WAY LESS chart time! Just out of curiosity what broker do you use?
No small children here (I am old ) dog yes.
Brokers: Dukas and Interactive for real money, FXopen for play money.
I use TOS and Meta4 for charts, in the process of learning ninja charts.

--
  • #870
  • Mar 22, 2012 4:37pm Mar 22, 2012 4:37pm
if you have a job and small children then there is no reason at all why you can't trade this on the daily TF, the creator of this strategy trades it solely on Daily TF and his 2011 results were very nice indeed... just a thought
tradewith60
  • #871
  • Mar 22, 2012 4:45pm Mar 22, 2012 4:45pm
Quoting Shaishen
No small children here (I am old ) dog yes.
Brokers: Dukas and Interactive for real money, FXopen for play money.
I use TOS and Meta4 for charts, in the process of learning ninja charts.

--
I've been thinking about opening a paper trading account with FXdd. I follow another thread and the author seems to get better setups on his 4HR charts. My new candles start at 9pm, 1am, 5am, 9am. His start at 10pm, 2am, 6am, 10am.
  • #872
  • Mar 22, 2012 5:31pm Mar 22, 2012 5:31pm
Ok thought i would post a little update of signals for the week... just selected some of the top crosses that people trade.

Arrows denote every valid signal bar that triggered in accordance with the rules...

Results are..

10 PAIRS H4 TF

22 TRADES

14 WINS

1 BREAK EVEN

3 LOSSES

4 TRADES STILL OPEN

USING 2% RISK WOULD EQUAL +22% ACCOUNT GROWTH
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tradewith60
  • #873
  • Mar 22, 2012 5:33pm Mar 22, 2012 5:33pm
LAST 3 CHARTS..
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tradewith60
  • #874
  • Mar 22, 2012 6:18pm Mar 22, 2012 6:18pm
Quoting 60minuteman
LAST 3 CHARTS..
THX for charts 60.
On my GMT broker charts i had this week about twice less valid signals (entry's).
I hope next week will be better.

On your broker charts this system workin realy great.
  • #875
  • Mar 22, 2012 8:42pm Mar 22, 2012 8:42pm
Quoting TorukMacto
THX for charts 60.
On my GMT broker charts i had this week about twice less valid signals (entry's).
I hope next week will be better.

On your broker charts this system workin realy great.
thats interesting, i only included 2 yen pairs in those charts to get a broad mix, have you been watching all the yen pairs? must of had some good signals there?

also are you checking the type 2 entry, that should fill in the gap with missed signals at good entry levels??
tradewith60
  • #876
  • Mar 22, 2012 9:44pm Mar 22, 2012 9:44pm
The JPY pairs were giving signals, especially earlier in the week. Interesting here though if you look at the difference between 2 brokers with offset 4H candle times. 1st chart is FXDD and the 2nd is Oanda (great signal 6 candles into the period).
Attached Image(s) (click to enlarge)
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  • #877
  • Mar 23, 2012 3:57am Mar 23, 2012 3:57am
ECAD H4 hit TP +3.1%
Attached Image (click to enlarge)
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tradewith60
  • #878
  • Mar 23, 2012 6:22am Mar 23, 2012 6:22am
USDCAD BUY H4

my first trade using this system
thanks for sharing
  • #879
  • Mar 23, 2012 7:48am Mar 23, 2012 7:48am
Quoting Ap3
S GU H4 00.
-80.
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  • #880
  • Edited 8:48am Mar 23, 2012 8:37am | Edited 8:48am
This is about to trigger short on my charts. (4h)

olu
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