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Buy sell line trading

  • #1,861
  • Aug 26, 2012 4:11am Aug 26, 2012 4:11am
Quoting 60minuteman
aiming for 1.24878 to cap another awesome week trading commando
Mate - you're a great inspiration. I also have an account with gkfx. If you don't mind me asking, what size are you using for every say £1000 you have?
  • #1,862
  • Aug 26, 2012 5:14am Aug 26, 2012 5:14am
Quoting Trekker
Thought I'd post this trade from last week as its been my best RR to date, at just under 6R (with 50% off at 1:1). It was an engulfing bar entry from the 4hr chart. However, at one point the trade did go to 9R, so I'm experimenting with different ways of exiting trades. I let it run, as from looking at the weekly chart I thought it could have gone a lot further. I only moved the stop (to 79.80) after price had moved above 80.00, where I was later stopped out.

I've been reading the 'No Free Lunch but all the Free Coffee you can drink' and DIBS threads...
nice, seems like you're using the ideas to build your own system...

I had a look at ma's for exit but prefering s/r for now...
tradewith60
  • #1,863
  • Aug 26, 2012 5:18am Aug 26, 2012 5:18am
Quoting Viv108
Mate - you're a great inspiration. I also have an account with gkfx. If you don't mind me asking, what size are you using for every say £1000 you have?
I'm using a maximum of 1% risk per trade... so 10 pip SL, £10,000 account... £10/pip..

Somewhere in the thread is LDHT's indi which works it out for you on each trade...

are you as happy with them as me? I think they're great, good mix of inst. ,tax free and fixed spreads are awesome...?
tradewith60
  • #1,864
  • Aug 26, 2012 11:42am Aug 26, 2012 11:42am
I have devoured much of this thread and do appreciate everyone's effort, and a special thanks to 60m for his patience.

This method of selecting trades looks to be quite promising in the limited backtesting I've done. Perhaps I can add a little something to this. It is not my intention to throw a curve here, but just to suggest something in addition to this trade set up which may prove to add more profit.

I've been trading another 1hr method in which the EU is the lead pair. And once the EU gives a valid signal, simultaneous entries would go in on GU, EJ, AU, NU, UCad & UChf. I don't always trade all 7 but usually trade at least 5.

If you look at other 7 pairs and the set ups are mostly not close to what you're seeing on eu, then you might abort all, or at least, some of the trades. i.e.; Quite often EU & GU are at odds during London.

Profit is taken (on all) when the first pair hits it's target. This way, by spreading around your risk, it could result in less loss and more profit.

Should this post offend 60m, by all means just say so and I will remove without question.
Thanks,
Darryl
  • #1,865
  • Aug 26, 2012 11:58am Aug 26, 2012 11:58am
Quoting 60minuteman
I'm using a maximum of 1% risk per trade... so 10 pip SL, £10,000 account... £10/pip..

Somewhere in the thread is LDHT's indi which works it out for you on each trade...

are you as happy with them as me? I think they're great, good mix of inst. ,tax free and fixed spreads are awesome...?
Ok that's awesome. I thought £1 per pip for every £1000 was quite high so I thought 10p per point would be safer - atleast to test the water. Might give the £3 per pip on my £3000 account a shot. How many pairs do you usually trade, on average, per day?


I quite like gkfx. I used to be with alpari but I wanted a metatrader sb dealer ( it was gonna happen sooner or later). Can't complain. They allow us to deal with commodities and indices etc. So with your method, even more opportunity to make money!!
  • #1,866
  • Aug 26, 2012 12:24pm Aug 26, 2012 12:24pm
Quoting Viv108
Ok that's awesome. I thought £1 per pip for every £1000 was quite high so I thought 10p per point would be safer - atleast to test the water. Might give the £3 per pip on my £3000 account a shot. How many pairs do you usually trade, on average, per day?


I quite like gkfx. I used to be with alpari but I wanted a metatrader sb dealer ( it was gonna happen sooner or later). Can't complain. They allow us to deal with commodities and indices etc. So with your method, even more opportunity to make money!!
number of pairs depends on the TF and market conditions..

Right now 'm trading mainly commando entry on m15, so i have 2 dollar crosses, 1 yen, 1 commodity... thats plenty on m15...

But with anything, find what feels right for you...
tradewith60
  • #1,867
  • Aug 26, 2012 12:33pm Aug 26, 2012 12:33pm
Quoting 60minuteman
number of pairs depends on the TF and market conditions..

Right now 'm trading mainly commando entry on m15, so i have 2 dollar crosses, 1 yen, 1 commodity... thats plenty on m15...

But with anything, find what feels right for you...
Commando means you simply enter at market instead of placing stops to enter when you see your signal candle?
  • #1,868
  • Aug 26, 2012 12:54pm Aug 26, 2012 12:54pm
Quoting Viv108
Commando means you simply enter at market instead of placing stops to enter when you see your signal candle?
see post 1836 or video on page 1
tradewith60
  • #1,869
  • Aug 27, 2012 3:38am Aug 27, 2012 3:38am
Quoting 60minuteman
see post 1836 or video on page 1
Gotcha!!
  • #1,870
  • Aug 27, 2012 3:39am Aug 27, 2012 3:39am
AUD T2 entry.
Attached Image
  • #1,871
  • Aug 27, 2012 3:49am Aug 27, 2012 3:49am
Quoting nige1
AUD T2 entry.
me too
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tradewith60
  • #1,872
  • Aug 27, 2012 4:01am Aug 27, 2012 4:01am
Quoting 60minuteman
me too
How about this entry, any comment?
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  • #1,873
  • Aug 27, 2012 4:05am Aug 27, 2012 4:05am
Quoting 60minuteman
me too


Have shifted the stop behind the trigger bar, .5R at risk now.
Attached Image
  • #1,874
  • Aug 27, 2012 4:32am Aug 27, 2012 4:32am
Look at ucad - formed a pin and looks like having more perspective on h4 break down,

peter
Jesus Christ is my only Lord !
  • #1,875
  • Aug 27, 2012 5:06am Aug 27, 2012 5:06am
Quoting 60minuteman
me too
got out with a pip or 2..... wait for Ny now
tradewith60
  • #1,876
  • Aug 27, 2012 5:20am Aug 27, 2012 5:20am
Quoting hipcio
Look at ucad - formed a pin and looks like having more perspective on h4 break down,

peter
Enetered ucad

peter
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Jesus Christ is my only Lord !
  • #1,877
  • Aug 27, 2012 5:38am Aug 27, 2012 5:38am
now aud/cad gives a signal on 15 min

peter
Jesus Christ is my only Lord !
  • #1,878
  • Aug 27, 2012 5:40am Aug 27, 2012 5:40am
Quoting 60minuteman
got out with a pip or 2..... wait for Ny now
Stopped for .5R, awaiting next opportunity.
  • #1,879
  • Aug 27, 2012 8:09am Aug 27, 2012 8:09am
couple of small losses here...

caught this nice brent short
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tradewith60
  • #1,880
  • Aug 27, 2012 8:10am Aug 27, 2012 8:10am
240minuteman,

Just discovered your "extra analysis" video in post #1. Great one!

You've done an awesome work in this thread ... as usual.

Keep up the great job.
MT4/MT5 EAs/Indicators/Alerts coder
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