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Attachments: Buy sell line trading
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Buy sell line trading

  • #1,921
  • Sep 7, 2012 2:34am Sep 7, 2012 2:34am
Quoting 60minuteman
should I post another oil trade?
New rule? Did you open this trade when new bar opens after signal bar? How about momentum?
  • #1,922
  • Sep 7, 2012 2:42am Sep 7, 2012 2:42am
Quoting Dezil
New rule? Did you open this trade when new bar opens after signal bar? How about momentum?
Sorry, was trading on my phone... didn't get the confirm on that one.... knew where it was going though
tradewith60
  • #1,923
  • Sep 7, 2012 11:14am Sep 7, 2012 11:14am
Quoting 60minuteman
Oil Long m15

nice R/R
hey 60 which platform can you trade the brent crude or any other oil trades/also what is the brentcrude symbol to trade thanks
  • #1,924
  • Sep 7, 2012 11:35am Sep 7, 2012 11:35am
Quoting bomman26
hey 60 which platform can you trade the brent crude or any other oil trades/also what is the brentcrude symbol to trade thanks
I'm using a uk spread betting broker, not sure about in the states mate...

It's gkfx and its BRENT ICE futures
tradewith60
  • #1,925
  • Sep 7, 2012 11:49am Sep 7, 2012 11:49am
Quoting kashTrader
Hi,

You system looks interesting. I wanted to try it out. Read your first post and went through the videos. In your first post you mention only 50SMA. You screenshot seems to have a lot of indis. Could you please point me to where I can download these indis from and the template.

Thanks,
K
Any takers? 60 could you please give me a hand with this.

Thanks,
K
  • #1,926
  • Sep 7, 2012 2:40pm Sep 7, 2012 2:40pm
I was looking for exact same ruled applied on any trading system. Please can you provide MQL4 source code for these strategies so that if someone want to modify it then it would be possible for him/her to make some changes.

Thanks in advance
Love for all; Hatred for none.
  • #1,927
  • Sep 7, 2012 3:29pm Sep 7, 2012 3:29pm
Quoting kashTrader
Any takers? 60 could you please give me a hand with this.

Thanks,
K
The indi just marks the swings and the last closed bars range, it was made by lionel on this thread, I don't even use it, just too lazy to remove it...

Other than that its just ema's and ma's on there... again... stuff I have been trying out as exits... don't really use them anymore, just got used to them on my charts...

If you want the buy sell indi that Lionel made, its on the thread somewhere... around page 100? with a few revisions later on....
tradewith60
  • #1,928
  • Sep 7, 2012 3:32pm Sep 7, 2012 3:32pm
Quoting 60minuteman
The indi just marks the swings and the last closed bars range, it was made by lionel on this thread, I don't even use it, just too lazy to remove it...

Other than that its just ema's and ma's on there... again... stuff I have been trying out as exits... don't really use them anymore, just got used to them on my charts...

If you want the buy sell indi that Lionel made, its on the thread somewhere... around page 100? with a few revisions later on....
Hi 60,

Yup, I found those indis. Thanks!
Can I assume that the method on your first post is what I should follow. Thats the PA described along with the 50SMA line as the trend. I have quiet understood the 15M version yet. My gut feeling is that using it on the 4H and looking at resistance on Daily would be the easiest to start off.

Any tips?

Thanks,
K
  • #1,929
  • Sep 7, 2012 3:46pm Sep 7, 2012 3:46pm
Quoting kashTrader
Hi 60,

Yup, I found those indis. Thanks!
Can I assume that the method on your first post is what I should follow. Thats the PA described along with the 50SMA line as the trend. I have quiet understood the 15M version yet. My gut feeling is that using it on the 4H and looking at resistance on Daily would be the easiest to start off.

Any tips?

Thanks,
K
I would suggest playing with the ideas and finding what works for you...

maybe you want to just take the very best looking set ups and aim for 2/1 with a higher win rate.... (h4 / daily)

maybe you're more suited to taking lots of trades and having more losers but letting the winners run all day.... (m15 commando)

maybe you want to only take engulfs after a retrace to s/r.....

etc etc.... I can't really tell you what will work best for you...

Me personally, right now, Im trading the m15, I take a lot of entries, my win rate is about 35% and I get about 4/5 to 1 RR...

I like it because i'm half expecting my entries to lose, so theres no fear of losing....all I know is I have to let them run to the end of the session, or to the strong levels.

Then I have the odd day where everything wins and runs to 7 or 8/1 R/R...

It's really just about confidence and managing your risk/reward...
tradewith60
  • #1,930
  • Sep 8, 2012 1:35pm Sep 8, 2012 1:35pm
Quoting 60minuteman
I would suggest playing with the ideas and finding what works for you...

maybe you want to just take the very best looking set ups and aim for 2/1 with a higher win rate.... (h4 / daily)

maybe you're more suited to taking lots of trades and having more losers but letting the winners run all day.... (m15 commando)

maybe you want to only take engulfs after a retrace to s/r.....

etc etc.... I can't really tell you what will work best for you...

Me personally, right now, Im trading the m15, I take a lot of entries, my win rate is about...

Thanks for your response. I was thinking the same, I was thinking of using the daily chart to identify SR levels and then using the 4H chart to make long shor entries based on the following:
1. The engulfing candles
2. The 5 candle low/high alternate setup.

I did have a look at the 15 min method but I think psychologically I wouldn't be ready to loose 65% of my trades. I think it would be better if I had 2:1 RR with higher win rates.

Anyways, I have very please with the simplicity of the method and would definitely be positing questions in future.

For now I have a question, in the 5 candle method does the signal candle has to be matching bullish or bearish for long and short trades.

Thanks,
K
  • #1,931
  • Sep 8, 2012 2:14pm Sep 8, 2012 2:14pm
Quoting kashTrader
Thanks for your response. I was thinking the same, I was thinking of using the daily chart to identify SR levels and then using the 4H chart to make long shor entries based on the following:
1. The engulfing candles
2. The 5 candle low/high alternate setup.

I did have a look at the 15 min method but I think psychologically I wouldn't be ready to loose 65% of my trades. I think it would be better if I had 2:1 RR with higher win rates.

Anyways, I have very please with the simplicity of the method and would definitely be positing questions in future.

For...
well, it doesn't have to be matching.... but, we are looking for buyers to be coming back into a bull trend, at the end of a retrace... so that is represented best by a bullish close near the top of its range..... or a bullish close engulfing the previous price action....
tradewith60
  • #1,932
  • Sep 8, 2012 3:30pm Sep 8, 2012 3:30pm
Quoting 60minuteman
well, it doesn't have to be matching.... but, we are looking for buyers to be coming back into a bull trend, at the end of a retrace... so that is represented best by a bullish close near the top of its range..... or a bullish close engulfing the previous price action....
Thanks 60!

I will definitely be trying out this system and will be coming back with questions that I have.

Best,
K
  • #1,933
  • Edited 7:10pm Sep 8, 2012 4:12pm | Edited 7:10pm
Why does none of these system starter ever post any Trade explorer. It would help in seeing if these systems work or not.
  • #1,934
  • Sep 8, 2012 4:35pm Sep 8, 2012 4:35pm
Quoting AceFXTrader
Why does none of these system starter ever post any Trade explorer. It would help in seeing if these system works or not.
Possibly because they do not feel as though they need to prove anything to a bunch of strangers.
  • #1,935
  • Sep 8, 2012 7:40pm Sep 8, 2012 7:40pm
Quoting California
Possibly because they do not feel as though they need to prove anything to a bunch of strangers.
Or possible its embarassing
  • #1,936
  • Sep 8, 2012 7:50pm Sep 8, 2012 7:50pm
Hi Guys,

I am trying out the LHDT_COMMANDO-V-01 indicator. I have a few questions:
1. Is this the latest version of the indi? If not, can anyone kindly point me to the newest version please?
2. I am getting some weired signals for which I can't figure out the reason. Please let me know if there are rules for these signal somewhere in the thread which I might have overlooked. OR possibly my setup of the indi is wrong?

Help with this is much appreciated. Thanks.
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  • #1,937
  • Sep 8, 2012 7:57pm Sep 8, 2012 7:57pm
Quoting kashTrader
Or possible its embarassing
60minuteman is at a point where he has nothing to prove here.

Anyway, even if it works for him (and it does), it might not work for you ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,938
  • Sep 8, 2012 8:24pm Sep 8, 2012 8:24pm
Quoting FerruFx
60minuteman is at a point where he has nothing to prove here.

Anyway, even if it works for him (and it does), it might not work for you ...
I am sorry my sincere apologies. Reading the posts again, I realize where I made a mistake. When referring to "starters", I thought we were talking about newbies. I am sure it has worked for 60 or he wouldn't have posted here. I am also very sure that it has worked for many people hence I am trying to see if I am able to learn the system.

Again, aplogies for the confusion.
  • #1,939
  • Sep 9, 2012 4:33am Sep 9, 2012 4:33am
Quoting kashTrader
I am sorry my sincere apologies. Reading the posts again, I realize where I made a mistake. When referring to "starters", I thought we were talking about newbies. I am sure it has worked for 60 or he wouldn't have posted here. I am also very sure that it has worked for many people hence I am trying to see if I am able to learn the system.

Again, aplogies for the confusion.
Hi Kash...

you are falling into the forex get rich quick mistake... has there been anywhere where it says an arrow is a signal to trade?

Trading only starts to work for yOU... after hours and hours of hard work and effort.

The arrows on the indi just mark the fractals, they're not entry signals....

I hope you're not skipping through the thread trying to short-cut to riches... because its a bad habit to be getting into if you want to earn a living trading....
tradewith60
  • #1,940
  • Sep 9, 2012 4:42am Sep 9, 2012 4:42am
Quoting 60minuteman
Hi Kash...

you are falling into the forex get rich quick mistake... has there been anywhere where it says an arrow is a signal to trade?

Trading only starts to work for yOU... after hours and hours of hard work and effort.

The arrows on the indi just mark the fractals, they're not entry signals....

I hope you're not skipping through the thread trying to short-cut to riches... because its a bad habit to be getting into if you want to earn a living trading....
Hi 60,

Thanks for the warning! I am not planning on getting rich doing Forex.....
I understand the downside and the risks.......

My mistake, I thought the indi was designed to highlight the rules that we have for this system. So, I was wondering if I missed any of the rules that these arrows were showing.


Thanks,
K
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