Attached Image (click to enlarge)
- #204
- Apr 16, 2012 7:41pm Apr 16, 2012 7:41pm
here my chart stil no in trade
If not closed, I would be tempted to put a BE on this 1 or a trailing stop. Expecting it to drop back lower still. But then thats not the system.
cheers scalpz
edit: Oh - maybe not TP'd, didn't count that spread on the buy side (again) to close the trade.
Target 2 : Stoploss in the green
Today was a valid set up but the R:R ratio was more than bad:
trigger: 1.31441 , TP: 1.31408, SL:1.31719 > 3:28 RR
There's a tool with "dynamic" candles. That means that candles are repainted every minutes I think, so you get a faster entry but it's dangerous because not all big boys have that tool and won't orientate on that. Today it would have worked out.
NICE IDEA PanguFX ! If I could I would vouch for you !
u bring up a good point; if TP isn't at least >10 pips then no trade.
why can't you vouch for me?
- #209
- Apr 18, 2012 5:54am Apr 18, 2012 5:54am
- | Joined Jun 2010 | Status: The Villain | 2,565 Posts
u bring up a good point; if TP isn't at least >10 pips then no trade.
why can't you vouch for me?
pangu
question for you. it is still unclear as to when and where to count the 81 pips from. say 81 pips move occured, as in the chart example below. from top blue line to bottom blue line - 81 pips move from 13170 to 13089.
however after the 81 pips move, a trade never came about. so where do we count the next 81 pips move from ? do we count the next 81 pips move immediately onwards from 13089 ?
i have attached a m30 chart in my next post so that u can see no trade occured and u can pinpoint where to count the next 81 pips move from.
- #212
- Apr 18, 2012 9:49pm Apr 18, 2012 9:49pm
Had a pending trade set, then moved it to the next bar (D). Triggered on the bar after that & went to TP +10.
I was a little slow & by the rules, I should have shifted the trade to top of that triggering bar, but when triggered it would have gone to SL.
Before this trade, had been looking for the >81 range to be reached from bar (A). Thats the diag Trend Line. Didnt happen. I shifted to the later high bar (C), because price had retraced more than the 38.2% from its bar (B).
My ibfx crims data had no way to capture the bar (E) to (F) using this system, extended bars were too long, giving hugh SL's & not triggering trades.
cheers scalpz
I was a little slow & by the rules, I should have shifted the trade to top of that triggering bar, but when triggered it would have gone to SL.
Before this trade, had been looking for the >81 range to be reached from bar (A). Thats the diag Trend Line. Didnt happen. I shifted to the later high bar (C), because price had retraced more than the 38.2% from its bar (B).
My ibfx crims data had no way to capture the bar (E) to (F) using this system, extended bars were too long, giving hugh SL's & not triggering trades.
cheers scalpz
Target 2 : Stoploss in the green
- #213
- Apr 19, 2012 4:55am Apr 19, 2012 4:55am
Another >81 fib range. But the 3 extreme bars have all been too long for the SL.
Started as bar (A) to (C). As each new extreme bar plotted, shortened the (A) end of the fib thru to (B) while maintaining the >81 range.
Didnt even place the pending trades, due to unsatis SL's.
cheers scalpz
Started as bar (A) to (C). As each new extreme bar plotted, shortened the (A) end of the fib thru to (B) while maintaining the >81 range.
Didnt even place the pending trades, due to unsatis SL's.
cheers scalpz
Target 2 : Stoploss in the green
- #216
- Apr 19, 2012 7:13am Apr 19, 2012 7:13am
i would like it if pangu can reply to my last few posts.
anyway, there is a pending long at level 13090, eu.
cheers scalpz
Target 2 : Stoploss in the green
- #217
- Apr 19, 2012 7:18am Apr 19, 2012 7:18am
- | Joined Jun 2010 | Status: The Villain | 2,565 Posts
Yep, stuck my pending in at 1.30926 as I include my ibfx crim 2.2 spread in the buy side of trades.
cheers scalpz
yes, lmy ong has triggered at 13090. i have set my tp at + 15 pips. lets see how this one transpires. need to recover my 30 pip loss using this system last week !