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Daily Chart w/ 10sma

  • #1,321
  • Oct 8, 2012 7:45am Oct 8, 2012 7:45am
Quoting Texan
i only trade these pairs and use bk support and res expert edvisor....my gold is to make 200 pips a week..and i do... i use the swiss army ea to control my trades.
i use a 30 pip stop loss settings on the swiss army to trail the price by the 30 pip sl. now if the price moves in my favor 10 pips i only have a 20 pip exposer. the trade last night was the gpb/usd......... it has moved about 100.pips now i am locked in for 70 pip profit and has several hundred pips to hit bk support. i do not take all trades unless the s/r is about 100 pips away.....

Well done Texan

Olu
If you think you can or cannot do it you are correct
  • #1,322
  • Oct 8, 2012 8:04am Oct 8, 2012 8:04am
Quoting Texan
i only trade these pairs and use bk support and res expert edvisor....my gold is to make 200 pips a week..and i do... i use the swiss army ea to control my trades.
i use a 30 pip stop loss settings on the swiss army to trail the price by the 30 pip sl. now if the price moves in my favor 10 pips i only have a 20 pip exposer. the trade last night was the gpb/usd......... it has moved about 100.pips now i am locked in for 70 pip profit and has several hundred pips to hit bk support. i do not take all trades unless the s/r is about 100 pips away.....
Texan - regarding age you have 2 1/2 yrs on me; regarding pips you have thousands of percent over mine. I would love to test the Swiss army knife EA - does it go in "Experts" and then "Indicator"? I don't use fibs, pivot points or anything like that but I do add Fractals because they help highlight possible S/R areas. Kind of a visual short cut. Good trading. p.
  • #1,323
  • Oct 8, 2012 8:34am Oct 8, 2012 8:34am
swiss army v 1.51 only..this expert advisor is posted on many fourms. it it goes in your expert file. need to be put on chart that your not trading because yu should have bk ea on the pairs you are trading. then the sa ea will control all trades on your platform.
  • #1,324
  • Oct 8, 2012 8:47am Oct 8, 2012 8:47am
Quoting Texan
swiss army v 1.51 only..this expert advisor is posted on many fourms. it it goes in your expert file. need to be put on chart that your not trading because yu should have bk ea on the pairs you are trading. then the sa ea will control all trades on your platform.
Thank you, I will fire up Google search.
  • #1,325
  • Oct 8, 2012 2:41pm Oct 8, 2012 2:41pm
Quoting Texan
i only trade these pairs and use bk support and res expert edvisor....my gold is to make 200 pips a week..and i do... i use the swiss army ea to control my trades.
i use a 30 pip stop loss settings on the swiss army to trail the price by the 30 pip sl. now if the price moves in my favor 10 pips i only have a 20 pip exposer. the trade last night was the gpb/usd......... it has moved about 100.pips now i am locked in for 70 pip profit and has several hundred pips to hit bk support. i do not take all trades unless the s/r is about 100 pips away.....
I found the Swiss army EA, do you mind posting your presets? Learning from the master. I also wonder if you don't set a TP, just let the trade run until it retraces 30 pips. Thanks for your help, p.
  • #1,326
  • Edited 5:16pm Oct 8, 2012 4:39pm | Edited 5:16pm
i like a lot before i become he master.......i am not as smart as i thought.. some ont tell me how to add attachment to message.......... tex ....i do use tp at the s r if the s r is not over 100 pips
  • #1,327
  • Oct 8, 2012 5:21pm Oct 8, 2012 5:21pm
Quoting Texan
i am not as smart as i thought.. some ont tell me how to add attachment to message.......... tex
I wish i had noted where I got these instructions, hope I can help:
1. click "Attachment" at the top of Reply or Quote page;
2. click "Choose File" in the new window;
3. click "Upload";
4. click "Close" (or "Close the Window," not sure which)
I have not tried to load a chart myself as I really haven't much to either brag about or to cry over. Good luck, p.
,
  • #1,328
  • Oct 8, 2012 6:21pm Oct 8, 2012 6:21pm
Texan -
I printed these instructions too but again forgot where or when -

1. Right click on chart then select "save as picture"
2. Click active chart..ok..then save somewhere such as pictures
3. Then in the reply to post area click on the paper clip next to the smilies...browse computer to find picture then double click then upload.

Can't verify or attest to this one either but one of them should work.
  • #1,329
  • Oct 8, 2012 8:23pm Oct 8, 2012 8:23pm
piprac,,,,settings starting at top
ss=f
mns=f
ss=t
rc=t
IA=t
order types all true

defau lt down to stop mg
300 =30pips
only trail profit FALSE very important
you can set your tp like you want
this was for 4 dig so now w/5 dig you will have to add a 0
i hope this helps i could not download preset,,,,,,,,,
? just ask ....TEXAN
  • #1,330
  • Oct 8, 2012 10:54pm Oct 8, 2012 10:54pm
Thank you and I'm sure I will have questions Tue. or Wed.
  • #1,331
  • Oct 9, 2012 3:08pm Oct 9, 2012 3:08pm
I was 2 days late catching the downward move on this pair but early this morning I shorted @ 1.6040 and now have my SL @ 1.6020 so I have a free trade going and hoping for more. Price is currently bouncing around 1.599xx. The chf/jpy looks to close below the 10ma for a potential short trade but I have to wait 8 hours for the close to be sure and to set parameters. A very nice strategy & preasure free.
  • #1,332
  • Oct 9, 2012 8:40pm Oct 9, 2012 8:40pm
picrac
where are you located. i live in the houston tex area
  • #1,333
  • Oct 9, 2012 10:37pm Oct 9, 2012 10:37pm
Quoting Texan
picrac
where are you located. i live in the houston tex area
Minnesota - and it is already getting cold here!
I haven't been able to get the swiss army indie loaded but I will try and puzzle it out and read more about it on forex-tsd. May have question(s) for you tomorrow. p.

p.s. - we lived in Bellaire in 1950-51, my dad worked at a Zales Guild store, Corrigans.
  • #1,334
  • Edited Oct 10, 2012 9:41am Oct 9, 2012 10:55pm | Edited Oct 10, 2012 9:41am
I am jumping the gun by about 15 minutes but I have sold 2 mini lots of the chf/jpy with 1 lot having a TP @83.157 & the 2nd has a TP @ 81.592. Todays candle is fairly big so I made the SL for both trades half of the open to close distance. My gbp/usd is still open with +40 pips & I have 20 pips locked and hope it keeps going south.

edit: chf/jpy - both SLs hit @ 09:30 cdt. I got my +20 pips for the gbp/usd when price retraced and hit my SL. Net for 3 trades = -40 pips. But just watch out for tonight forex!!
  • #1,335
  • Oct 11, 2012 6:27am Oct 11, 2012 6:27am
Hi
aud/usd is looking good for a buy if it can stay above the 10sma on its close
peter
  • #1,336
  • Oct 11, 2012 9:33pm Oct 11, 2012 9:33pm
Quoting Texan
i like a lot before i become he master.......i am not as smart as i thought.. some ont tell me how to add attachment to message.......... tex ....i do use tp at the s r if the s r is not over 100 pips
Can you show some of your trades?

If you dont mind can I ask that you trade when price bounces from BK S/R and closes above or below 10SMA? You put 30 pip Sl with open TP if S/R is more than 100 pips? If trade move 30 pips in profit you move your stop to BE right? Then keep trailing with 30 pips right? Please explain if I am wrong.

Thanks
  • #1,337
  • Oct 11, 2012 11:48pm Oct 11, 2012 11:48pm
Yes, I built a long position on AUD/USD today.


Quoting lizpet
Hi
aud/usd is looking good for a buy if it can stay above the 10sma on its close
peter
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  • #1,338
  • Oct 16, 2012 12:20pm Oct 16, 2012 12:20pm
Hi guys --

I hope this might encourage some discussion.

I am tired of bleeding from my lower TF trades and this seems far the best of the D1 threads. Hearty congratulations, and thanks, to BKG for this effort.

As I have read much of the forum now just one issue is concerning me -- entries against the slope of the 10. Yes, obviously, they often work, but it seems about equal time they do not.

In my back testing the win ratio is solidly higher by avoiding any entry until the 10 has at least gone flat and seems to be turning toward the entry direction.

My hunch is that BKG and others would say this is why we put the 200, SR and TLs on the chart. They tip us off if it is a quality entry, and I agree but just don't yet have enough experience here.

I would love to hear your thoughts. Am I being too cautious by waiting for the 10 to flatten and turn toward the entry?

Good trading to all, Forest
  • #1,339
  • Oct 17, 2012 9:02am Oct 17, 2012 9:02am
Early signs... Comments please?

Olu
Attached Image
If you think you can or cannot do it you are correct
  • #1,340
  • Oct 18, 2012 10:59am Oct 18, 2012 10:59am
Quoting Texan
i use a 30 pip stop loss settings on the swiss army to trail the price by the 30 pip sl. now if the price moves in my favor 10 pips i only have a 20 pip exposer. ...Texan
Morning, Texan!

Best to you.

Your comment seems to say you take a position with an initial stop of (only?) 30 pips? That's quite a bit tighter than BKG and some others.

I understand why you might want to trail your best price by 30, still tight though, but I am wondering about you INITIAL SL.

Did I understand this correctly?

Thanks, Forest
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