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Buy sell line trading

  • #1,121
  • Apr 7, 2012 4:41am Apr 7, 2012 4:41am
Hi,

I read most of this thread and it looks good. It still need a lot of common sence as well.
I tried system on live accound - sounds promising (1win/1loss).

Could everybody write result from this trading system? Please write % profit/loss on weekly/monthly base, TF and number of trades.

Thanks,
  • #1,122
  • Apr 8, 2012 9:07am Apr 8, 2012 9:07am
Hello - Just wanted to share a little tip I read about yesterday. I know most people following this system don't trade USDCAD because of it's range-bound tendencies, but put the 24th of the month in your diaries: Canada is a big oil exporter to the US and one of the big oil futures expires around that date (can be a couple of days later). This tends to cause the USDCAD to fall significantly at close of business NY time on the 24th or a little after.

I've had a quick scan over the charts for a couple of years and it's fairly consistent.

Watch the pair on that date and look for engulfing patterns at key resistance levels. Could be a nice easy money maker :-)

PB
  • #1,123
  • Apr 8, 2012 12:11pm Apr 8, 2012 12:11pm
happy to see the thread.
Attached Image (click to enlarge)
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  • #1,124
  • Apr 8, 2012 1:27pm Apr 8, 2012 1:27pm
Thanks pixlboy for sharing. I'll put it on my agenda

Quoting pixelboy
Hello - Just wanted to share a little tip I read about yesterday. I know most people following this system don't trade USDCAD because of it's range-bound tendencies, but put the 24th of the month in your diaries: Canada is a big oil exporter to the US and one of the big oil futures expires around that date (can be a couple of days later). This tends to cause the USDCAD to fall significantly at close of business NY time on the 24th or a little after.

I've had a quick scan over the charts for a couple of years and it's fairly consistent.

Watch the...
  • #1,125
  • Apr 8, 2012 6:23pm Apr 8, 2012 6:23pm
Quoting pixelboy
Hello - Just wanted to share a little tip I read about yesterday. I know most people following this system don't trade USDCAD because of it's range-bound tendencies, but put the 24th of the month in your diaries: Canada is a big oil exporter to the US and one of the big oil futures expires around that date (can be a couple of days later). This tends to cause the USDCAD to fall significantly at close of business NY time on the 24th or a little after.

I've had a quick scan over the charts for a couple of years and it's fairly consistent.

Watch...
Curious?
Why you predict so?
Any support for it?
Trade As A Sniper
  • #1,126
  • Apr 8, 2012 6:25pm Apr 8, 2012 6:25pm
Quoting aren
happy to see the thread.
Can you share the trading method with the multi MAs (in a new thread or the link)?
Trade As A Sniper
  • #1,127
  • Apr 8, 2012 8:58pm Apr 8, 2012 8:58pm
enjoy it.
Attached File(s)
File Type: mq4 Candle MA Long_.mq4   3 KB | 545 downloads
File Type: mq4 Candle MA Long.mq4   3 KB | 551 downloads
  • #1,128
  • Apr 9, 2012 4:18am Apr 9, 2012 4:18am
Quoting aren
enjoy it.
Aren can you share the indicator red and green on your chart please... thx Max
  • #1,129
  • Apr 9, 2012 4:54am Apr 9, 2012 4:54am
Quoting pama.fx
Curious?
Why you predict so?
Any support for it?
Why does it happen? I assume it's because when the oil is paid for at the end of each month the US traders and importers have to sell US dollars to buy Canadian dollars. This pushes the USD down and the CAD up at the same time. The pair that will benefit from this change in balance the most will be USDCAD, hence it's the best pair to trade to take advantage of this fundamental.

The support for it is there in the charts. Have a look what happens to the price around the 25th to 27th of each month.

PB
  • #1,130
  • Apr 9, 2012 10:25am Apr 9, 2012 10:25am
Hey 60 minuteman

I just wanted to send you a big thank you

When I have time, I trade off the 15 minute chart, but I have a day job and can not give the charts the time required, so I wanted to find a system that worked well with 4 hour charts, and your system is exactly what I was looking for.

Since the rules are simple, I can see that the thread may not stay active because there is no tweaking required.

Anyways, just wanted to send my appreciation.

PGPB
  • #1,131
  • Apr 9, 2012 5:47pm Apr 9, 2012 5:47pm
Nice system!
  • #1,132
  • Apr 9, 2012 9:10pm Apr 9, 2012 9:10pm
Quoting aren
happy to see the thread.
Aren can you share the channel indicator red and green on your chart please! Thanks a lot.
  • #1,133
  • Apr 10, 2012 3:13am Apr 10, 2012 3:13am
Some more analysis stuff and a bit on the other entry types...

http://vimeo.com/40045423
tradewith60
  • #1,134
  • Apr 10, 2012 3:46am Apr 10, 2012 3:46am
Indicator that Aren uses is called Donchain Channels.

With best regards,
Stephan
Attached File(s)
File Type: mq4 Donchian Channels.mq4   3 KB | 383 downloads
  • #1,135
  • Apr 10, 2012 4:33am Apr 10, 2012 4:33am
Quoting 71stephan71
Indicator that Aren uses is called Donchain Channels.

With best regards,
Stephan
Thank you so much.
However, it look difference with Aren's indicator. Please help me!
  • #1,136
  • Apr 10, 2012 4:33am Apr 10, 2012 4:33am
GJ H4 TYPE 2 ENTRY
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-04-10 at 10.31.50.jpg Size: 82 KB
tradewith60
  • #1,137
  • Apr 10, 2012 5:17am Apr 10, 2012 5:17am
I must say thank you 60minuteman for your great thread. Here is my short based on AUD/USD H4 signal 2.

http://www.forexfactory.com/attachme...1&d=1334052801
Accept as it is being!
  • #1,138
  • Apr 10, 2012 5:19am Apr 10, 2012 5:19am
Eur/Usd 4hr engulfing and type 2
Attached Image (click to enlarge)
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  • #1,139
  • Apr 10, 2012 5:19am Apr 10, 2012 5:19am
Quoting Vnfx
I must say thank you 60minuteman for your great thread. Here is my short based on AUD/USD H4 signal 2.

http://www.forexfactory.com/attachme...1&d=1334052801
your chart didnt show? but im in AU short type 2 also
tradewith60
  • #1,140
  • Apr 10, 2012 5:21am Apr 10, 2012 5:21am
Quoting AlexC
Eur/Usd 4hr engulfing and type 2
niceeeee!
tradewith60
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