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Quick and Dirty EOD

  • #341
  • Jul 30, 2012 8:45am Jul 30, 2012 8:45am
Quoting lucariga
Which is ur broker?
VantageFX UK
  • #342
  • Jul 30, 2012 2:48pm Jul 30, 2012 2:48pm
Hey guys, what about a pending short on EUR/JPY and CHF/JPY?
  • #343
  • Jul 30, 2012 3:04pm Jul 30, 2012 3:04pm
Quoting lucariga
Hey guys, what about a pending short on EUR/JPY and CHF/JPY?

Yep, I've got pending on both at 94.09 and 78.25 respectively. Already have live shorts on them from before as well.
  • #344
  • Jul 30, 2012 3:28pm Jul 30, 2012 3:28pm
Quoting spyderman
Yep, I've got pending on both at 94.09 and 78.25 respectively. Already have live shorts on them from before as well.
Spyder, isnt the yellow MA above the blue MA on the daily for those charts? why is pending short still valid below the green bar?

Sorry i might be wrong...
  • #345
  • Jul 30, 2012 3:45pm Jul 30, 2012 3:45pm
Quoting Konata
Spyder, isnt the yellow MA above the blue MA on the daily for those charts? why is pending short still valid below the green bar?

Sorry i might be wrong...

Well actually, the 5 just crossed back down under the 8 on my chart. Yours may be different if your daily bar ends at a different time. Mine changes at 4:00 CDT. But even so by the time price gets down to the pending order yours should cross as well.
  • #346
  • Jul 30, 2012 4:07pm Jul 30, 2012 4:07pm
Quoting spyderman
Well actually, the 5 just crossed back down under the 8 on my chart. Yours may be different if your daily bar ends at a different time. Mine changes at 4:00 CDT. But even so by the time price gets down to the pending order yours should cross as well.
Does this mean this becomes valid?

Its the CHFJPY daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: EOD-CHFJPYaily.jpg Size: 36 KB
  • #347
  • Jul 30, 2012 4:34pm Jul 30, 2012 4:34pm
Quoting Konata
Does this mean this becomes valid?

Its the CHFJPY daily chart

It would...and is... for me. We'll have to have Hugh weigh in. The interesting aspect to this that we'll have to figure out is how long do we keep this pending valid. What if price ranges for a while and then turns down. Should we keep that swing low or look for a new setup.

Hugh? What do you think?
  • #348
  • Jul 30, 2012 4:47pm Jul 30, 2012 4:47pm
Great thread Hugh! I've never made so many pips. Sadly at this point they are all demo.

I also would like to seek clarification on spyderman and Konata's point. I know in the first week of trading this system I entered 2-3 trades as per the way spyderman describes but was wondering once the 5/8 emas cross do you consider this a "reset" and hence wait for a new reverse candle once they recross?

Again many thanks for such an easy and mechanical EOD system.
  • #349
  • Jul 30, 2012 5:18pm Jul 30, 2012 5:18pm
Quoting spyderman
23.

With all the retracements this week we're just getting a lot of setups (15 right now). Of course they may never come back to the entry. Might also get some monthly cross-over next Wed.
Spyderman - would you be willing to post the 23 pairs you are following?

Also, does anyone know how to load more pairs into MT4 beyond what is already there? I see 22 pairs in my version of the platform (Oanda-provided). But cannot seem to see how to load other major pairs. Would anyone happen to know?
  • #350
  • Jul 30, 2012 5:21pm Jul 30, 2012 5:21pm
Quoting SmartGXL
Spyderman - would you be willing to post the 23 pairs you are following?

Also, does anyone know how to load more pairs into MT4 beyond what is already there? I see 22 pairs in my version of the platform (Oanda-provided). But cannot seem to see how to load other major pairs. Would anyone happen to know?

Open the "market watch" window on your platform. Put your cursor in the box and right click. Click on "show all"
  • #351
  • Jul 30, 2012 5:27pm Jul 30, 2012 5:27pm
Quoting smartgxl
spyderman - would you be willing to post the 23 pairs you are following?

Also, does anyone know how to load more pairs into mt4 beyond what is already there? I see 22 pairs in my version of the platform (oanda-provided). But cannot seem to see how to load other major pairs. Would anyone happen to know?

a/c
a/f
a/u
a/j
c/f
c/j
f/j
e/a
e/c
e/f
e/g
e/j
e/u
g/a
g/f
g/j
g/u
n/c
n/j
n/u
u/c
u/f
u/j
  • #352
  • Jul 30, 2012 5:34pm Jul 30, 2012 5:34pm
I was just looking over your trades Spyder..... good job....... Like I posted earlier in this thread this is a method I use to add positions to my main trading system.... I had not really thought about this as a stand alone method but this is great.... Keep up the good work.
Also the skype invite is still open if you want to discuss trading.
  • #353
  • Jul 30, 2012 5:34pm Jul 30, 2012 5:34pm
Quoting spyderman
It would...and is... for me. We'll have to have Hugh weigh in. The interesting aspect to this that we'll have to figure out is how long do we keep this pending valid. What if price ranges for a while and then turns down. Should we keep that swing low or look for a new setup.

Hugh? What do you think?
Good question. I think it would be a reasonable trade but you could just as easily wait for the ma's to turn down again and then wait for a pullback day. I would say that either trade would be good.
  • #354
  • Jul 30, 2012 5:36pm Jul 30, 2012 5:36pm
Quoting Konata
Does this mean this becomes valid?

Its the CHFJPY daily chart
I think it would be a valid entry just a more aggressive one....I have a pending sell at 79.32 on that pair.
  • #355
  • Jul 30, 2012 5:38pm Jul 30, 2012 5:38pm
Quoting tradestar1
I think it would be a valid entry just a more aggressive one....I have a pending sell at 79.32 on that pair.
Agreed
  • #356
  • Jul 30, 2012 5:49pm Jul 30, 2012 5:49pm
Quoting tradestar1
Also the skype invite is still open if you want to discuss trading.

I appreciate that tradestar. I'm just afraid I wouldn't have anything informative to say.
  • #357
  • Jul 30, 2012 5:52pm Jul 30, 2012 5:52pm
No problem at all...... keep up the good work.
  • #358
  • Jul 30, 2012 6:23pm Jul 30, 2012 6:23pm
Quoting spyderman
Open the "market watch" window on your platform. Put your cursor in the box and right click. Click on "show all"
Great, thanks!! That did the trick!
  • #359
  • Jul 30, 2012 11:22pm Jul 30, 2012 11:22pm
Quote
Good question. I think it would be a reasonable trade but you could just as easily wait for the ma's to turn down again and then wait for a pullback day. I would say that either trade would be good.

At this stage I'm happy to use either so long as I'm sure the 5/8 emas will have crossed back by the time my order is triggered as spyderman has already previously mentioned. I guess only time will tell on this one.

Hugh can I also ask on the monthly chart if the 5/8 emas start to cross in the opposite direction do you wait for that monthly bar to close in order to confirm a change of trend or will you take trades in the new direction before that months close?
  • #360
  • Jul 31, 2012 12:10am Jul 31, 2012 12:10am
Quoting Ryoma
At this stage I'm happy to use either so long as I'm sure the 5/8 emas will have crossed back by the time my order is triggered as spyderman has already previously mentioned. I guess only time will tell on this one.

Hugh can I also ask on the monthly chart if the 5/8 emas start to cross in the opposite direction do you wait for that monthly bar to close in order to confirm a change of trend or will you take trades in the new direction before that months close?
If the daily is moving strongly and the ema's are in the right direction then I would be happy to take trades before the monthly closes.
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