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Quick and Dirty EOD

  • #761
  • Edited 6:05pm Sep 19, 2012 5:47pm | Edited 6:05pm
Quoting dnabrasil
hey, is this a valid entry setup?
or should i place the order at the low of the marked candle?
Place the order at the low of the little white doji......

Also see THIS CHART

And a full list of trades on your chart..... ALL TRADES
  • #762
  • Sep 19, 2012 5:59pm Sep 19, 2012 5:59pm
Quoting tradestar1
Place the order at the low of the little white doji......

Also see THIS CHART
thanks!
are you still using 10 ema?
  • #763
  • Sep 19, 2012 6:01pm Sep 19, 2012 6:01pm
on the low of the white doji? I was under the impression of the previous lowest low/ highest high/swing
  • #764
  • Sep 19, 2012 6:02pm Sep 19, 2012 6:02pm
Quoting psydox
I keep re-reading the latest changes in the system and looking over the charts. ......... Hopefully it looks ok.
Hi psydox,

I use Paint.NET freeware a lot and thought you may like it ...

http://www.softpedia.com/get/Multime...aint-NET.shtml

Akira
Attached Image
  • #765
  • Edited 6:24pm Sep 19, 2012 6:08pm | Edited 6:24pm
Quoting dnabrasil
thanks!
are you still using 10 ema?
I have never used a 10 EMA......
I use a 10 WMA, and a 10 SMA.....
Here is a chart that shows additions as well as the initial short entry from the crossover of the MAs.... CHART
  • #766
  • Sep 19, 2012 10:45pm Sep 19, 2012 10:45pm
Quoting RisingSun
Hi psydox,

I use Paint.NET freeware a lot and thought you may like it ...

http://www.softpedia.com/get/Multime...aint-NET.shtml

Akira
Thank you so much. This is exactly what I needed!
  • #767
  • Sep 19, 2012 10:52pm Sep 19, 2012 10:52pm
Quoting tradestar1
I have never used a 10 EMA......
I use a 10 WMA, and a 10 SMA.....
Here is a chart that shows additions as well as the initial short entry from the crossover of the MAs.... CHART
So would you add a pending order under each of those retracement candles so that the orders would be picked up when/if the trend continues?

What if an order hasn't been filled yet and another retracement candle appears? Add another order or just keep the one?
  • #768
  • Sep 19, 2012 11:18pm Sep 19, 2012 11:18pm
So would you add a pending order under each of those retracement candles so that the orders would be picked up when/if the trend continues?
Yes, especially if you want to trade aggressively

What if an order hasn't been filled yet and another retracement candle appears? Add another order or just keep the one?
You can add another order OR move the existing order to the new level, again this is a more aggressive approach.
  • #769
  • Sep 20, 2012 2:02am Sep 20, 2012 2:02am
didnt find anything good today..
  • #770
  • Sep 20, 2012 2:19am Sep 20, 2012 2:19am
Quoting Hugh Briss
Sent from my wife's mobile while in sunny Majorca. Hola everyone.
Hola, yourself, Ted.

I lived in Pollensa in '97/'98.

Not many people know that .
  • #771
  • Sep 20, 2012 7:11am Sep 20, 2012 7:11am
Quoting dnabrasil
how do you understand when the trend ends?
For the purposes of this system, the trend ends when a candle closes on the other side of the 10ma. that's my understanding anyway!
  • #772
  • Sep 20, 2012 7:36am Sep 20, 2012 7:36am
Quoting tradestar1
So would you add a pending order under each of those retracement candles so that the orders would be picked up when/if the trend continues?
Yes, especially if you want to trade aggressively

What if an order hasn't been filled yet and another retracement candle appears? Add another order or just keep the one?
You can add another order OR move the existing order to the new level, again this is a more aggressive approach.

Trader1, where do you place initial stop loss and do you move your stops as it go's correct direction?
  • #773
  • Sep 20, 2012 7:38am Sep 20, 2012 7:38am
hi tradestar1
how many cross you follow?
  • #774
  • Sep 20, 2012 8:36am Sep 20, 2012 8:36am
Quoting driven18
Trader1, where do you place initial stop loss and do you move your stops as it go's correct direction?
Hi driven18, I remember reading before that Tradestar1 closes when he gets a reversal signal. Look through some of his posts here.
  • #775
  • Sep 21, 2012 1:16pm Sep 21, 2012 1:16pm
@tradestar1 thanks for your consistent feedback on our questions. I´m truly grateful.
I have one question though: What do you use as an exit strategy? Crossing of the ma, like Hugh´s system?

best regards

René
  • #776
  • Sep 23, 2012 9:43pm Sep 23, 2012 9:43pm
Just got back, I will update the progress tomorrow, looking ok for now.
  • #777
  • Sep 23, 2012 11:04pm Sep 23, 2012 11:04pm
Quoting rschou
@tradestar1 thanks for your consistent feedback on our questions. I´m truly grateful.
I have one question though: What do you use as an exit strategy? Crossing of the ma, like Hugh´s system?

best regards

René
Yes, I am always in the market.
  • #778
  • Sep 24, 2012 4:20am Sep 24, 2012 4:20am
Ok, here are the charts at 10am my time this morning. Eurusd has a buy order in place at the last clear swing high. The current candle is trading below the 10 ema. If this is still the case after the close tonight then I will remove the buy order as the setup will have been invalidated. I will wait for a move either way and another setup. If it closes above the 10 ema then the setup is still valid and I will leave the order in place.

There is still a trade on euraud open since before I went away. Currently 270 pips up. The price spiked quite a way beyond the 10 ema on Friday but managed to close above the 10 ema and so is still open. If the price closes below the 10 ema tonight I will exit the trade. Also there is a pending order above the last swing high which I will remove too. If the price stays above the 10 ema then I will leave it all open.

Eurnzd has been chopping around the 10 ema a little. There is a pullback in place after a doji so if the current days candle closes above the 10 ema then there is no setup, if it closes below then I will put a pending order below the doji.

Audusd is chopping about and needs to make a clear move.

Nzdusd has a trade with some profit locked in and a pending order above the last high. The price is currently below the 10 ema so if it closes below that invalidates the longs and I will be waiting for a new move. If it closes above then the current setup remains valid and I hold the longs.

A big thanks to Clive for running my systems while I was away. I will be around now to update the situation on a daily basis. I hope everyone had a good week.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 24 09 12.gif Size: 18 KB
Click to Enlarge Name: euraud 24 09 12.gif Size: 16 KB
Click to Enlarge Name: eurnzd 24 09 12.gif Size: 15 KB
Click to Enlarge Name: audusd 24 09 12.gif Size: 18 KB
Click to Enlarge Name: nzdusd 24 09 12.gif Size: 19 KB
  • #779
  • Sep 24, 2012 5:26am Sep 24, 2012 5:26am
[quote=Hugh Briss;6036768]Ok, here are the charts at 10am my time this morning. Eurusd has a buy order in place at the last clear swing high.

Hi I have very similar setups, I dont really want to trade AU at the moment. I just dont feel comfortable about my G/U setup. I missed weekly chart and its resistence and my buystop was activated by that spike. I am thinking about closing the trade even when the price hasnt closed below the ema yet.

I am sorry if it is not understandable, english is not my native langugage.
  • #780
  • Sep 24, 2012 5:38am Sep 24, 2012 5:38am
Quoting dipie
Hi I have very similar setups, I dont really want to trade AU at the moment. I just dont feel comfortable about my G/U setup. I missed weekly chart and its resistence and my buystop was activated by that spike. I am thinking about closing the trade even when the price hasnt closed below the ema yet.

I am sorry if it is not understandable, english is not my native langugage.
Gbpusd is too choppy for this system. It's up to you but if you're in the trade already then either shut it down now and don't trade that pair again or stick with it and see what happens, it could just be a spike. I can't advise you either way on that one.
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