It is possible to make large sums trading, small losses, large wins
- #24
- Oct 11, 2012 12:41pm Oct 11, 2012 12:41pm
eurusd gave a buy signal today...gbpusd has been moving rather slowly....the obvious reason is the fact that the eurgbp has been gaining....our trade status
gbpusd @1.6034
P/L: +10pips
we still have very healthy H4 bullish candles, we also have a 2nd bullish candle forming on the daily(depends on how we close today)...
i have attached an EU chart showing today's signal...
someone might ask why i have not closed the gbpusd trade, the answer is simple, i dnt think the bullish move is over yet..
i recently read about a legend called jesse livermore, a man who could capture large trend moves, unfortunately he killed himself...this is a trend strategy..the plan is to capture as much of a trend move as possible....i welcome all suggestions...
gbpusd @1.6034
P/L: +10pips
we still have very healthy H4 bullish candles, we also have a 2nd bullish candle forming on the daily(depends on how we close today)...
i have attached an EU chart showing today's signal...
someone might ask why i have not closed the gbpusd trade, the answer is simple, i dnt think the bullish move is over yet..
i recently read about a legend called jesse livermore, a man who could capture large trend moves, unfortunately he killed himself...this is a trend strategy..the plan is to capture as much of a trend move as possible....i welcome all suggestions...
It is possible to make large sums trading, small losses, large wins
- #27
- Oct 11, 2012 12:56pm Oct 11, 2012 12:56pm
eurusd gave a buy signal today...gbpusd has been moving rather slowly....the obvious reason is the fact that the eurgbp has been gaining....our trade status
gbpusd @1.6034
P/L: +10pips
we still have very healthy H4 bullish candles, we also have a 2nd bullish candle forming on the daily(depends on how we close today)...
i have attached an EU chart showing today's signal...
someone might ask why i have not closed the gbpusd trade, the answer is simple, i dnt think the bullish move is over yet..
i recently read about a legend called jesse livermore,...
It is possible to make large sums trading, small losses, large wins
- #29
- Oct 12, 2012 4:03am Oct 12, 2012 4:03am
trade update...
gbpusd@ 1.6062...got as high as 1.60719...i was supposed to close 50% of my position at 1.6073....
50% closed at 1.6064....SL set to BE on the remaining 50%..
why not close it all?...M30 is above the 200SMA, on H1 its getting close...so we have support from M15 and M30 charts...still healthy H4 candles, and the daily is also looking bullish...
we are already up 2%, with a "no risk" trade still on...lets see what happens by the open of the US session...happy pipin
gbpusd@ 1.6062...got as high as 1.60719...i was supposed to close 50% of my position at 1.6073....
50% closed at 1.6064....SL set to BE on the remaining 50%..
why not close it all?...M30 is above the 200SMA, on H1 its getting close...so we have support from M15 and M30 charts...still healthy H4 candles, and the daily is also looking bullish...
we are already up 2%, with a "no risk" trade still on...lets see what happens by the open of the US session...happy pipin
It is possible to make large sums trading, small losses, large wins
- #30
- Oct 12, 2012 4:03am Oct 12, 2012 4:03am
Hi Omadivi thanks for sharing. To confirm when price closes above/below 200sma and cci is above/below the zero line we check in with the colour of the 4 hr candle at that time? So the 4 hr candle is not necessarily closed - just its colur at the time of the 15min cross?
thanks
heath
EDIT : Sorry - just realised you stated in the first post that it is the previous 4hr candle that is considered.
It is possible to make large sums trading, small losses, large wins
- #31
- Oct 12, 2012 6:07am Oct 12, 2012 6:07am
a bearish engulf just formed on the eurgbp H1.....this is signaling gbp strength...we should see a decent upward move on the gbpusd...
time will tell..
trade status
gbpusd [email protected]
bought @1.6023
50% closed @1.6064
SL@ BE
P/L: +38pips
happy pipin
time will tell..
trade status
gbpusd [email protected]
bought @1.6023
50% closed @1.6064
SL@ BE
P/L: +38pips
happy pipin
It is possible to make large sums trading, small losses, large wins
- #32
- Oct 12, 2012 7:31am Oct 12, 2012 7:31am
still waiting for the US session...
update:
gbpusd [email protected]
P/L:+56pips...
price has hit the 200SMA of the H1 chart and is currently above the 200SMA on the H4 chart...everything is lining up nicely...will move SL to +30pips once the trade is +80pips...then use a 30pips trailing stop..PA has been really slow...the day aint over yet..
update:
gbpusd [email protected]
P/L:+56pips...
price has hit the 200SMA of the H1 chart and is currently above the 200SMA on the H4 chart...everything is lining up nicely...will move SL to +30pips once the trade is +80pips...then use a 30pips trailing stop..PA has been really slow...the day aint over yet..
It is possible to make large sums trading, small losses, large wins
- #37
- Oct 15, 2012 2:55am Oct 15, 2012 2:55am
Hy Omadivi! On the SMA settings, period should be set to 200 and apply to the close,typical price or what? thx
It is possible to make large sums trading, small losses, large wins
- #38
- Oct 15, 2012 2:57am Oct 15, 2012 2:57am
The reason CCI 200 crosses 0 at the same time as price crosses SMA200 is because CCI200 is effectively a 200 period Bollinger Band.... And a 200 period Bollinger uses a 200SMA..........
Most people don't realise what CCI actually IS.....
See attached chart.
Using both is pointless - they are both effectively showing the same thing and are NOT filters to be used separately, or "against" each other......
So the "key" to your strategy is the H4 candle formation.....
It is possible to make large sums trading, small losses, large wins
- #39
- Oct 15, 2012 3:00am Oct 15, 2012 3:00am
Gbpusd closed was [email protected] = +30pips
This system is a trend-following system, the idea is to grab as many pips as possible during a trend move. But I have noticed that even though it has a potential for hundreds of pips, it also requires safe guards to protect the pips acquired, the 30pips trailing stop is not very effective. So I have added some more exit conditions…
System update
We are going to consider:
cci (200) > 150 as over-bought
cci(200) < -150 as over-sold.
Exit rules
1. When a buy signal is noticed (H4 bullish candle, M15 candle closes above the 200SMA, and cci(200) is above zero), we maintain an SL of 50pips, move SL to BE @+50pips and close 50% of position. But if cci (200) goes above the 150 level, it signals an “over-bought” situation, close buy trade(s) as soon as the cci(200) goes back below the 150 level.
For sell trades, when the cci(200) goes below -150, assume “over-sold” situation, close trade(s) as soon as the cci (200) starts to go above the -150 level.
new buy signals on EU and GU...entered a bit late on EU, should have entered at 1.2938..happy pipin
This system is a trend-following system, the idea is to grab as many pips as possible during a trend move. But I have noticed that even though it has a potential for hundreds of pips, it also requires safe guards to protect the pips acquired, the 30pips trailing stop is not very effective. So I have added some more exit conditions…
System update
We are going to consider:
cci (200) > 150 as over-bought
cci(200) < -150 as over-sold.
Exit rules
1. When a buy signal is noticed (H4 bullish candle, M15 candle closes above the 200SMA, and cci(200) is above zero), we maintain an SL of 50pips, move SL to BE @+50pips and close 50% of position. But if cci (200) goes above the 150 level, it signals an “over-bought” situation, close buy trade(s) as soon as the cci(200) goes back below the 150 level.
For sell trades, when the cci(200) goes below -150, assume “over-sold” situation, close trade(s) as soon as the cci (200) starts to go above the -150 level.
new buy signals on EU and GU...entered a bit late on EU, should have entered at 1.2938..happy pipin
It is possible to make large sums trading, small losses, large wins