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Attachments: Buy sell line trading
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Buy sell line trading

  • #981
  • Mar 26, 2012 6:49pm Mar 26, 2012 6:49pm
Hi, i saw this thread and am interested to learn more about this strategy.
saw this setup , not sure if could still enter the Sell trade USDCHF H4

http://i630.photobucket.com/albums/u...k/usdchfH4.jpg
  • #982
  • Edited 8:31pm Mar 26, 2012 7:20pm | Edited 8:31pm
thanks to everyone for this system and for the ea and ind. TEXAN
  • #983
  • Edited 8:00pm Mar 26, 2012 7:35pm | Edited 8:00pm
i am reading now thanks anyway
  • #984
  • Mar 26, 2012 8:25pm Mar 26, 2012 8:25pm
TREND EXHAUSTION

I wanted to go over something we discussed in the chat room today with regards the best signals/set ups..

The best moves always come after a decent retrace in a trend...

as a trend goes on it gets weaker and weaker until eventually it has to retrace...

So from the first signal we may get 2, 3 or even more engulfing signals before the trend has to put in a decent correction/retrace...

So the more signals we get in a row without the price retracing, the weaker/riskier those signals become...

Here is a chart from today that represents it fairly well....

I am not saying only take the first signal, but be aware of it and use it to your advantage...
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-03-27 at 02.15.56.jpg Size: 51 KB
tradewith60
  • #985
  • Mar 26, 2012 8:32pm Mar 26, 2012 8:32pm
and 1 more example... BE AWARE OF THE RETRACES
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-03-27 at 02.27.29.png Size: 88 KB
tradewith60
  • #986
  • Mar 26, 2012 9:03pm Mar 26, 2012 9:03pm
60mm...GOOD Stuff! Clearly showing how each progressive retrace and setup gets weaker and weaker. Putting this example in my trading manual for sure.
  • #987
  • Mar 26, 2012 10:49pm Mar 26, 2012 10:49pm
If you place a pending order using the signals from the 4 hour chart. How many bars after would you wait before closing the order if it is not executed? Here is an example from earlier today, with the signal candle marked with the arrow.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf example.gif Size: 25 KB
  • #988
  • Mar 26, 2012 11:29pm Mar 26, 2012 11:29pm
Quoting fxtr51
First I thought: oh no, it is working on my platforms, why not on yours ?
Then it dawned on me: I wrote a special supporting indicator for the dashboard which is much faster than the normal indicator which is drawing the arrows and gives the alerts ....
and I forgot about it.
Sorry ....
Please download the !BuySell_ind_for_Dashboard and put it into
the experts/indicators folder.
The dashboard indicator needs it.
yes, no it is working.
thank you !
  • #989
  • Mar 27, 2012 12:24am Mar 27, 2012 12:24am
Quoting JayCee007
If you place a pending order using the signals from the 4 hour chart. How many bars after would you wait before closing the order if it is not executed? Here is an example from earlier today, with the signal candle marked with the arrow.
JayCee007,
Rule 3:
Quote
ENTRY MUST BE TRIGGERED ON THE VERY NEXT CANDLE

WE ARE LOOKING FOR MOMENTUM BACK IN THE DIRECTION OF THE TREND.
The setup you posted is invalid.
  • #990
  • Edited 1:07pm Mar 27, 2012 2:09am | Edited 1:07pm
Latest version of the BuySell_Manager_EA. (bugs fixed and partial close added)
I cannot edit the posting where I uploaded the EA anymore.

V5 has Partial Close at Breakeven feature.

Default is 50 % closure of the order.

You can choose your own percentage in the properties menu:
ClosePercent_at_BE = 50;

If you want 10 % closed , change "50" to "10".

If you don´t want partial close, change "50" to "0" .

Update: V5.4
Please only use the latest version since it is always an improvement
to previous versions.

the visual order editor part now only manages the MagicNumber.

Checks minimal allowed lotsize at partial close.
e.g. if min-lot allowed by the broker = 0.01
and your initial lotsize = 0.01,
the EA will not freeze with an OrderSend error ( 50 % of 0.01 =
0.005 which would be rejected by the broker server )
but will use the min-lot-allowed = 0.01 ...
and give an Alert.

Attention: Use a different MagicNumber for each additional trade
on the same pair.
The EA manages the order by the MagicNumber.

So, if you have 2 active (or pending) orders on EURUSD with same MagicNumber for example and you click the "Close Order" button on one chart,
the EA will close both orders although you only intended to
delete one.
Attached File(s)
File Type: ex4 ! BuySell_Manager_V5.4.ex4   60 KB | 457 downloads
  • #991
  • Mar 27, 2012 3:21am Mar 27, 2012 3:21am
3 trades this morning so far:
Attached Image (click to enlarge)
Click to Enlarge Name: sma50-27-03-12.jpg Size: 107 KB
  • #992
  • Mar 27, 2012 4:22am Mar 27, 2012 4:22am
Yes, yes, yes ...
Let's keep it this way folks

Quoting 60minuteman
nearly 1000 posts and no flaming or haters !!!! got to be a first on FF
  • #993
  • Mar 27, 2012 7:14am Mar 27, 2012 7:14am
Quoting The Camel
Yes, yes, yes ...
Let's keep it this way folks
Get in there quick before anyone else and also to get it over with before 1000 posts

Terrible system!!!
Bad System!!!


Of course you know I am joking.
If you think you can or cannot do it you are correct
  • #994
  • Edited 7:44am Mar 27, 2012 7:26am | Edited 7:44am
If we close as we are right now and go below the current candle a sell is indicated...

Edit: Scratch that we have just had a new wave of jpy weakness.

Olu
If you think you can or cannot do it you are correct
  • #995
  • Mar 27, 2012 7:52am Mar 27, 2012 7:52am
"Magnitude 6.2 earthquake shakes Japan, no tsunami warning." (Twitter)

Could that be the reason?

Quoting Olu
If we close as we are right now and go below the current candle a sell is indicated...

Edit: Scratch that we have just had a new wave of jpy weakness.

Olu
  • #996
  • Mar 27, 2012 7:58am Mar 27, 2012 7:58am
Quoting The Camel
"Magnitude 6.2 earthquake shakes Japan, no tsunami warning." (Twitter)

Could that be the reason?
I think it is this

http://www.forexfactory.com/news.php?do=news&id=350366

A good setup wasted because of a rumour...

Olu
If you think you can or cannot do it you are correct
  • #997
  • Mar 27, 2012 8:10am Mar 27, 2012 8:10am
Oh, OK! Rumors often scramble good technicals. C'est la vie

Quoting Olu
I think it is this

http://www.forexfactory.com/news.php?do=news&id=350366

A good setup wasted because of a rumour...

Olu
  • #998
  • Mar 27, 2012 8:44am Mar 27, 2012 8:44am
gj h4

closed my long for 2%
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-03-27 at 14.42.46.jpg Size: 58 KB
tradewith60
  • #999
  • Mar 27, 2012 8:45am Mar 27, 2012 8:45am
ej h4

taken profit ej too +2%
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-03-27 at 14.45.13.jpg Size: 54 KB
tradewith60
  • #1,000
  • Mar 27, 2012 9:01am Mar 27, 2012 9:01am
At what candles did you get into these two?

Quoting 60minuteman
ej h4

taken profit ej too +2%
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