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  • #281
  • Jul 26, 2012 12:40am Jul 26, 2012 12:40am
Hi HB,

I am slight confuse about the entry.
In the attached EU monthly is down word so we need to look for the daily for up bar and need to put the sell pending order below that up bar. am i right?
now my question ,if you see in the chart there are two arrow which shows up bar and next also up bar so where i need to put a pening order? 1st arrow or next arrow? guide me.

Thanks
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File Type: doc EU day chart.doc   92 KB | 371 downloads
  • #282
  • Jul 26, 2012 2:33am Jul 26, 2012 2:33am
Quoting umpats
Hi HB,

I am slight confuse about the entry.
In the attached EU monthly is down word so we need to look for the daily for up bar and need to put the sell pending order below that up bar. am i right?
now my question ,if you see in the chart there are two arrow which shows up bar and next also up bar so where i need to put a pening order? 1st arrow or next arrow? guide me.

Thanks
Ok, first you need the 5 and 8 ema's on the daily chart too to judge the direction there. When the daily 5/8 agrees with the monthly then you can look for signals. The first arrow looks like a valid signal, the ema's would have been sloping down and you would have had a profitable trade. The second arrow probably wouldn't have been a valid entry as I'm guessing the ema's would have been moving up?
  • #283
  • Jul 26, 2012 2:40am Jul 26, 2012 2:40am
Quoting Hugh Briss
Ok, first you need the 5 and 8 ema's on the daily chart too to judge the direction there. When the daily 5/8 agrees with the monthly then you can look for signals. The first arrow looks like a valid signal, the ema's would have been sloping down and you would have had a profitable trade. The second arrow probably wouldn't have been a valid entry as I'm guessing the ema's would have been moving up?

Yes HB,

Now i understand.

thanks.
  • #284
  • Jul 26, 2012 2:57am Jul 26, 2012 2:57am
Quoting spyderman
For what it's worth, here's a shot of my opens and pendings. Pendings are doubled up so that I can leave 1/2 at BE and trail the other.

Now if I had a Trade Manager EA that could split them for me that would save a ton of work.
Spyderman, thanks for your post - it confirms my pending order list also which seems to be getting longer. Either some of these will become void or we will have a lot of triggered trades. I have to learn to be patient! This fx lark is bad for the nerves.
AndyG
  • #285
  • Jul 26, 2012 4:03am Jul 26, 2012 4:03am
Quoting spyderman
For what it's worth, here's a shot of my opens and pendings. Pendings are doubled up so that I can leave 1/2 at BE and trail the other.

Now if I had a Trade Manager EA that could split them for me that would save a ton of work.
Hi Spyderman,

I seen your attached trade are different lot size and also two times .... can you please give some idea about this idea....

thanks
  • #286
  • Jul 26, 2012 6:20am Jul 26, 2012 6:20am
Rough morning. Lot of stops hit. Lost about 200 pips.

Just goes to show, strong news will trump TA every time...at least in the short term.
  • #287
  • Jul 26, 2012 6:24am Jul 26, 2012 6:24am
Quoting umpats
if you see in the chart there are two arrow which shows up bar and next also up bar so where i need to put a pening order? 1st arrow or next arrow? guide me.

Thanks
As far as the double up bars...for me the entry would be below the first up bar. That's the support point, swing low, whatever you want to call it.

There are going to be a lot of stop loss orders below that point. Lots of momentum when price gets there.
  • #288
  • Jul 26, 2012 6:27am Jul 26, 2012 6:27am
Quoting umpats
Hi Spyderman,

I seen your attached trade are different lot size and also two times .... can you please give some idea about this idea....

thanks

My lot sizes are based on s/l size (atr). I risk 1% of my account balance for every position. That's what the indicator at the bottom right of my screen does. It figures lot size for me.

Then I divide that lot size into two different orders so I can handle how I manager them differently. 1/2 the position I move to break even when price hits 2ATR. The other I use a 30 pip trailing stop once price hits 2ATR.

Hope that's clear.
  • #289
  • Jul 26, 2012 6:28am Jul 26, 2012 6:28am
Quoting AndyG
Spyderman, thanks for your post - it confirms my pending order list also which seems to be getting longer. Either some of these will become void or we will have a lot of triggered trades. I have to learn to be patient! This fx lark is bad for the nerves.
AndyG

Absolutley, lots more pendings now then open orders. Especially after todays news.
  • #290
  • Jul 26, 2012 1:14pm Jul 26, 2012 1:14pm
Nice system guys, I'll surely trade it.
  • #291
  • Edited 3:06pm Jul 26, 2012 2:53pm | Edited 3:06pm
Quoting Jcp
Hello, just to follow up on my NZDUSD monthly post from the other day. The Daily has now crossed down and will be looking for a pullback to the EMAs for entry, based on Monthly bias. I also look on the shorter TFs, but that's likely not appropriate for this thread.
Jcp,
Are the 2 ema's that you use for your strategy both set to the close? Thanks!
  • #292
  • Jul 26, 2012 5:42pm Jul 26, 2012 5:42pm
Hello Wendevol,

I honestly have no idea. I use a web based chart and not sure what the default is, as I am unable to adjust this setting.

Sorry, I can try and find out.
  • #293
  • Jul 27, 2012 3:30am Jul 27, 2012 3:30am
Quoting wendavol
jcp,
are the 2 ema's that you use for your strategy both set to the close? Thanks!
ema 5 - close
ema 8 - open
  • #294
  • Jul 27, 2012 6:16am Jul 27, 2012 6:16am
Aud/cad triggered this morning. Just sayin'
  • #295
  • Jul 27, 2012 7:03am Jul 27, 2012 7:03am
Quoting O_s_a
ema 5 - close
ema 8 - open
Jcp's 8 ema did not appear to be set to the open from looking at his charts. They are probably both set to the close.
  • #296
  • Jul 27, 2012 10:45am Jul 27, 2012 10:45am
Quoting spyderman
Aud/cad triggered this morning. Just sayin'
Same boat as you spyder.... Where did u place SL?
  • #297
  • Jul 27, 2012 10:52am Jul 27, 2012 10:52am
Quoting lucariga
Same boat as you spyder.... Where did u place SL?

1.04280, 100 pips.

That pending was placed last week. On my new pendings I've switched over to ATR x1 for my stops.
  • #298
  • Jul 27, 2012 10:55am Jul 27, 2012 10:55am
Quoting spyderman
1.04280, 100 pips.

That pending was placed last week. On my new pendings I've switched over to ATR x1 for my stops.
So which candle's high have u used to enter? I think the candle of 07/19 right?
ATR is a good idea.... Which pending have u got on your platform right now?
  • #299
  • Jul 27, 2012 12:13pm Jul 27, 2012 12:13pm
Quoting lucariga
So which candle's high have u used to enter? I think the candle of 07/19 right?
ATR is a good idea.... Which pending have u got on your platform right now?

Yeah 7/19.

Here's my pendings as of last night.
Attached Image (click to enlarge)
Click to Enlarge Name: order tote.jpg Size: 254 KB
  • #300
  • Jul 27, 2012 1:39pm Jul 27, 2012 1:39pm
How many pairs are you watching spydy.....
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