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Bounce 'N' Break

  • #201
  • Jul 31, 2012 10:38am Jul 31, 2012 10:38am
Quoting Dayboy001
Hi rasco00,

comments on my system are always appreciated, my comment to you would be remove all your indicators and watch the price !!

As for my entry being incorrect, if you had read earlier post you would realize that the initial trade is a free trade, opened at a position I believe to have high probability of going in my favour !! I always have my added position close to where I believe will cause price to turn*.

*note not all trades are set up for additional lots to be added I placed trades yesterday on support lines with -15 pip stops, these...

Removing all indicators wouldn't help me because I would have no satisfactory way of believing the price had topped or bottomed - how do you know that without any form of indicator?

I feel that trading both GBP/USD and EUR/USD at the same time is taking too much risk - if the USD reverses, you're out on both trades, not just one.

It does surprise me that your system makes money when you aren't using any indicator to determine entry or exit prices.
Nil Desperandum Illegitimi Carborundum
  • #202
  • Jul 31, 2012 11:21am Jul 31, 2012 11:21am
Hi

I downloaded the dustbin indicator and it is not drawing lines on my chart.
I tried installing it on EURUSD I set the price to more or less the current price.
(yes I have it installed in the right folder :-) )....at least I think I do, it is an indicator not an EA right?

I am trading through Alpari UK

Anyone got any suggestions on how I can get it to draw the lines?

thx

PGPB
  • #203
  • Jul 31, 2012 12:13pm Jul 31, 2012 12:13pm
Hi,
how much stoploss do you consider for your trades?
  • #204
  • Jul 31, 2012 1:08pm Jul 31, 2012 1:08pm
Quoting rasc00

1)I feel that trading both GBP/USD and EUR/USD at the same time is taking too much risk - if the USD reverses, you're out on both trades, not just one.

2.)It does surprise me that your system makes money when you aren't using any indicator to determine entry or exit prices.
answering your comments

1) lower your pip amount (lot size) if your issue is too much risk better to have two currencies indicating a move.

2)indicators are built by people trying to fix the market into rules, they represent what has happened. look for support and resistance draw lines for these. Spot where price has bounced recently.

WATCH THE PRICE

Everyone tries to make it too difficult, just relax watch the PA and respond accordingly.
  • #205
  • Jul 31, 2012 1:13pm Jul 31, 2012 1:13pm
I made the indicator ages ago, hence the default price is miles away. Once you have added it to your chart go to indicators list and adjust

price_point

please note you will also need to adjust GridSpace:

0.003 for GBP
0.002 for EUR

but even with this you still need to manually look at levels and adjust, it just provides 20 up and 20 down adjust it to fit

Hope this helps

G/L


Quoting pgpb
Hi

I downloaded the dustbin indicator and it is not drawing lines on my chart.
I tried installing it on EURUSD I set the price to more or less the current price.
(yes I have it installed in the right folder :-) )....at least I think I do, it is an indicator not an EA right?

I am trading through Alpari UK

Anyone got any suggestions on how I can get it to draw the lines?

thx

PGPB
  • #206
  • Jul 31, 2012 1:19pm Jul 31, 2012 1:19pm
Quoting arashit
Hi,
how much stoploss do you consider for your trades?
varies depending on trade if not stated somewhere between 25-30

but can be as little as 8-10

depends on what price is doing/ where it is / my profit or loss for the day.

many factors but never above 30 pips

an example of SL with added position would be:

1st position: -30
2nd position -10

2nd position is added when 1st is at or around -20
this allows -40 pips on the trade


but as said every trade is different !!!
  • #207
  • Jul 31, 2012 1:20pm Jul 31, 2012 1:20pm
Evening,

I have tried to answer all your questions.

See you tomorrow

  • #208
  • Jul 31, 2012 11:35pm Jul 31, 2012 11:35pm
Morning all,
  • #209
  • Jul 31, 2012 11:36pm Jul 31, 2012 11:36pm
GOOD MORNING ALL

Will be trading a bit more today and be posting trades after I have completed them good or bad.

GOOD LUCK TO ALL AND MANY A GREEN PIP FOR THE MONTH

ROOI:nerd:
We miss 100% of the shots we don't take
  • #210
  • Jul 31, 2012 11:36pm Jul 31, 2012 11:36pm
Quoting Dayboy001
Morning all,
Gud Morning Dayboy001
  • #211
  • Jul 31, 2012 11:37pm Jul 31, 2012 11:37pm
Taken Short @

EUR 1.2313
GBP 1.5669
  • #212
  • Aug 1, 2012 12:09am Aug 1, 2012 12:09am
Quoting Dayboy001
Taken Short @

EUR 1.2313
GBP 1.5669
gold on the rise and seems to be keeping the 2 up for now.maybe gold will retrace after the push upward and we maybe get some down movement going???

WANTED TO ASK.I read you some time refer to LONDON PUSH.do you mind later when your are done trading towards the afternoon tell me your thoughts on that?

once again many thanks

ROOI:nerd:
We miss 100% of the shots we don't take
  • #213
  • Aug 1, 2012 12:18am Aug 1, 2012 12:18am
added on 1.2320 myself
SL @ 1.2333 (for both)
  • #214
  • Aug 1, 2012 12:24am Aug 1, 2012 12:24am
Quoting Dayboy001
added on 1.2320 myself
SL @ 1.2333 (for both)
damn to close still,

-13
-20

pending @ 1.2325
  • #215
  • Aug 1, 2012 12:39am Aug 1, 2012 12:39am
sorry have been dealing with kids!!

Open Trades

GBP 1.5669
EUR @ 1.2325
GBP @ 1.5687
  • #216
  • Aug 1, 2012 1:33am Aug 1, 2012 1:33am
CLosed all

EUR @ 1.2320
GBP @ 1.5650

GBP 1.5669 +19
EUR @ 1.2325 +5
GBP @ 1.5687 +37

= +61

-13
-20

= 28
  • #217
  • Aug 1, 2012 1:33am Aug 1, 2012 1:33am
Premature I know, but as mentioned above I don't like news !!
  • #218
  • Aug 1, 2012 1:37am Aug 1, 2012 1:37am
Quoting Dayboy001
GBP Long @ 1.58390
it's pretty danger to long this GBP now, given a throw down on poor PMI.

i didn't follow your earlier sell, but good foresight again, like your intra-day scalping,
  • #219
  • Aug 1, 2012 1:40am Aug 1, 2012 1:40am
That post you are quoting is...

Jul 12, 2011 7:49am

I am flat

Quoting 5percent
it's pretty danger to long this GBP now, given a throw down on poor PMI.

i didn't follow your earlier sell, but good foresight again, like your intra-day scalping,
  • #220
  • Aug 1, 2012 1:42am Aug 1, 2012 1:42am
EU short
-17
-24
+9

GU short
+0
+16

-16 so far

CLOSED BEFORE GBP NEWS

Not a great start to the morning,but not the worst ive had.lol

Looking for some more after the news spikes end.

Well done DayBoy,showing some good experience again

ROOI:nerd:
We miss 100% of the shots we don't take
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